Document

Fourth Quarter 2017 Earnings Conference Call January 18, 2018 Kelly S. King Chairman and Chief Executive Officer Daryl N. Bible Chief Financial Officer

Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of BB&T. Forward-looking statements are not based on historical facts but instead represent management's expectations and assumptions regarding BB&T's business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances difficult to predict. BB&T's actual results may differ materially from those contemplated by the forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," "could," and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. While there is no assurance any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those in the forward- looking statements include the following, without limitation, as well as the risks and uncertainties more fully discussed under Item 1A-Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2016 and in any of BB&T’s subsequent filings with the Securities and Exchange Commission: • general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit, insurance or other services; • disruptions to the national or global financial markets, including the impact of a downgrade of U.S. government obligations by one of the credit ratings agencies, the economic instability and recessionary conditions in Europe, the eventual exit of the United Kingdom from the European Union; • changes in the interest rate environment, including interest rate changes made by the Federal Reserve, as well as cash flow reassessments may reduce net interest margin and/or the volumes and values of loans made or held as well as the value of other financial assets held; • competitive pressures among depository and other financial institutions may increase significantly; • legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged; • local, state or federal taxing authorities may take tax positions that are adverse to BB&T; • a reduction may occur in BB&T's credit ratings; • adverse changes may occur in the securities markets; • competitors of BB&T may have greater financial resources or develop products that enable them to compete more successfully than BB&T and may be subject to different regulatory standards than BB&T; • cybersecurity risks, including "denial of service," "hacking" and "identity theft" could adversely affect BB&T's business and financial performance or reputation, and BB&T could be liable for financial losses incurred by third parties due to breaches of data shared between financial institutions; • higher-than-expected costs related to information technology infrastructure or a failure to successfully implement future system enhancements could adversely impact BB&T's financial condition and results of operations and could result in significant additional costs to BB&T; • natural or other disasters, including acts of terrorism, could have an adverse effect on BB&T, materially disrupting BB&T's operations or the ability or willingness of customers to access BB&T's products and services; • costs related to the integration of the businesses of BB&T and its merger partners may be greater than expected; • failure to execute on strategic or operational plans, including the ability to successfully complete and/or integrate mergers and acquisitions or fully achieve expected cost savings or revenue growth associated with mergers and acquisitions within the expected time frames could adversely impact financial condition and results of operations; • significant litigation and regulatory proceedings could have a material adverse effect on BB&T; • unfavorable resolution of legal proceedings or other claims and regulatory and other governmental investigations or other inquiries could result in negative publicity, protests, fines, penalties, restrictions on BB&T's operations or ability to expand its business and other negative consequences, all of which could cause reputational damage and adversely impact BB&T's financial conditions and results of operations; • risks resulting from the extensive use of models; • risk management measures may not be fully effective; • deposit attrition, customer loss and/or revenue loss following completed mergers/acquisitions may exceed expectations; and • widespread system outages, caused by the failure of critical internal systems or critical services provided by third parties, could adversely impact BB&T's financial condition and results of operations. Non-GAAP Information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). BB&T's management uses these "non-GAAP" measures in their analysis of the Corporation's performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. The company believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T's management believes investors may find these non-GAAP financial measures useful. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: • The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. • Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. BB&T's management uses these measures to assess the quality of capital and returns relative to balance sheet risk and believes investors may find them useful in their analysis of the Corporation. • Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The interest income and average balances for PCI loans are excluded in their entirety as the accounting for these loans can result in significant and unusual trends in yields. The purchase accounting marks and related amortization for a) securities acquired from the FDIC in the Colonial acquisition and b) non-PCI loans, deposits and long-term debt acquired from Susquehanna and National Penn are excluded to approximate their yields at the pre-acquisition rates. BB&T's management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of BB&T's earning assets. • The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. • The adjusted operating leverage ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. • The adjusted performance ratios are non-GAAP in that they exclude merger-related and restructuring charges and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets. BB&T's management uses these measures in their analysis of the Corporation's performance. BB&T's management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in the Appendix. Capital ratios are preliminary.

3 ▪ NPAs declined 7.8% vs. 3Q17 ▪ NCOs were 36 bps vs. 35 bps in 3Q17 and 42 bps vs. 4Q16 1 Includes non-GAAP measures; refer to non-GAAP reconciliation in the attached Appendix for adjusted measures 2 Adjusted noninterest expense excludes merger-related and restructuring charges and selected items listed on page 18 of the Quarterly Performance Summary ▪ Completed $373 million in share repurchases including a $53 million de minimis repurchase 2017 fourth quarter performance highlights1 Growing Earnings Record Revenues Improved Efficiency Improved Credit Quality Capital ▪ Net income available to common shareholders totaled $614 million, up 3.7% vs. 4Q16; adjusted net income available was a record $671 million ▪ Diluted EPS totaled $0.77, up 6.9% vs. 4Q16; adjusted diluted EPS totaled $0.84, up 15.1% vs. 4Q16 ▪ ROA, ROCE and ROTCE were 1.19%, 9.10% and 15.35%, respectively; adjusted ROA, ROCE and ROTCE were 1.29%, 9.93% and 16.70%, respectively ▪ Achieved positive adjusted operating leverage for both linked and like quarters ▪ Taxable-equivalent revenues totaled $2.9 billion, up 5.0% vs. 4Q16 ▪ Net interest margin decreased 5 bps to 3.43% vs. 3Q17 ▪ Core net interest margin decreased 4 bps to 3.28% vs. 3Q17 ▪ Fee income ratio was 42.7%, compared to 41.4% in 3Q17 ▪ GAAP efficiency ratio was 64.7% ▪ Adjusted efficiency ratio improved to 57.2% in 4Q17 from 58.3% in 3Q17 ▪ Adjusted noninterest expense2 totaled $1.697 billion, a decrease of 0.2% annualized vs. 3Q17

4 Pre -Ta x After Tax Diluted EPS Impac t ($ in millions, except per share impact) Pre-Tax After-Tax Diluted EPS Impact Charitable contribution $ (100) $ (63) Revalue deferred income taxes & investments in affordable housing projects1 n/a 43 One-time bonus for associates (36) (23) Net impact of tax reform and related actions n/a $ (43) $ (0.05) Merger-related and restructuring charges (22) (14) (0.02) Selected items affecting earnings 1 Certain amounts related to tax reform are considered reasonable estimates as of December 31, 2017. These amounts could be adjusted during the measurement period ending December 31, 2018

5 Impact of tax reform and selected items on earnings Quarter Ended December 31, 2017 Year Ended December 31, 2017 Tax Reform Actions Other Tax Reform Actions Other Reported Revalue1 Other2 Items3 Adjusted4 Reported Revalue1 Other2 Items3 Adjusted4 Net Interest Income $ 1,644 $ 1,644 $ 6,535 $ 6,535 Provision for credit losses 138 138 547 547 Net Interest Income After Provision for Credit Losses 1,506 — — — 1,506 5,988 — — — 5,988 Noninterest Income 1,225 — — — 1,225 4,782 — — — 4,782 Noninterest Expense Personnel expense 1,044 (36) 1,008 4,121 (36) 4,085 Occupancy and equipment expense 195 195 784 784 Software expense 65 65 242 242 Outside IT services 38 38 160 160 Amortization of intangibles 34 34 142 142 Regulatory charges 38 38 153 153 Professional services 36 36 123 123 Loan-related expense 32 32 130 130 Merger-related and restructuring charges, net 22 (22) — 115 (115) — Loss (gain) on early extinguishment of debt — — 392 (392) — Other expense 351 (100) 251 1,082 (100) 982 Total noninterest expense 1,855 — (136) (22) 1,697 7,444 — (136) (507) 6,801 Earnings Income before income taxes 876 — 136 22 1,034 3,326 — 136 507 3,969 Provision for income taxes5 209 43 50 8 310 911 43 50 225 1,229 Net income 667 (43) 86 14 724 2,415 (43) 86 282 2,740 Noncontrolling interests 9 9 21 21 Preferred stock dividends 44 44 174 174 Net income available to common shareholders $ 614 $ (43) $ 86 $ 14 $ 671 $ 2,220 $ (43) $ 86 $ 282 $ 2,545 Diluted EPS $ 0.77 $ 0.84 $ 2.74 $ 3.14 1 Represents the revaluation of deferred income taxes and investments in affordable housing projects 2 Represents $100 million contribution to BB&T's philanthropic fund and a $36 million one-time bonus to associates who normally do not generally receive incentives or commissions 3 Includes merger-related and restructuring charges for 4Q17 and 2017 fiscal year. 2017 fiscal year also include loss on early extinguishment of debt and a $35 million excess tax benefit on equity-based awards 4 Adjusted represents a non-GAAP measure. See the Diluted EPS reconciliation in the Appendix for management's reasons for using this non-GAAP measure 5 Income taxes are calculated at the marginal tax rate on the pre-tax amounts. 2017 fiscal year other items tax benefit of $225 million includes $190 million for the tax effect of pre-tax items plus the $35 million excess tax benefit on equity-based awards

6 Category 4Q17 outlook Results Loans n Total down slightly vs. 3Q17 ü (0.1)%1 n Core up 2% – 4% annualized vs. 3Q17 ü 3.9%1 Credit quality n NCOs expected to be 40 – 50 bps ü+ 36 bps Net interest margin n GAAP margin down 3 – 5 bps vs. 3Q17 ü (5) bp n Core margin down 3 – 5 bps vs. 3Q17 ü (4) bp Net interest income n Stable compared with 3Q17 ü (1.4)%1,2 Noninterest income n Up slightly vs. 4Q16 ü+ 5.4% Expenses n Stable compared with 4Q16 ü up 0.7%3 n Expect to achieve positive adjusted operating leverage ü GAAP=(17.1)%Adj4=7.7% x = missed guidance ü= achieved guidance ü+ = exceeded guidance 1 Annualized 2 Taxable equivalent 3 Excludes merger-related and restructuring charges and selected items listed on page 18 of the Quarterly Performance Summary 4 Adjusted operating leverage is a non-GAAP measure. See non-GAAP reconciliation in the Appendix Review of 4Q17 guidance

7 4Q17 v. 3Q17 4Q17 Annualized Average Increase Balance (Decrease) Commercial: C&I $ 58,478 1.8 % CRE 20,998 4.2 Leasing 1,851 27.3 Subtotal-commercial 81,327 3.0 Retail: Residential mortgage 28,559 (5.0) Direct 11,901 (2.0) Indirect 17,426 (5.7) Subtotal-retail 57,886 (4.6) Revolving credit 2,759 13.5 PCI 689 (28.3) Total $ 142,661 (0.1)% Average Loans Held for Investment ($ in millions) $150.0 $140.0 $130.0 4Q16 1Q17 2Q17 3Q17 4Q17 $142.3 $142.0 $143.1 $142.7 $142.7 Average Loans Held for Investment ($ in billions) Strong core loan growth ▪ Certain loan categories have been reclassified to better reflect the purpose of the underlying loans; see appendix A-3 for transition map ▪ Core loans1 grew 3.9% vs. 3Q17 ▪ All commercial loan and lease categories experienced growth ▪ Experienced solid loan growth vs. 3Q17 in several portfolios: – Commercial leases up 27.3% annualized – Dealer Floor Plan up 22.9% annualized – Governmental Finance up 17.0% annualized – Revolving credit up 13.5% annualized 1 See the appendix page A-2 for the calculation of core loan growth

8 ▪ Total deposits averaged $158.0 billion, an increase of $545 million vs. 3Q17 – Personal, 48.6% of total – Business, 38.9% of total – Public Funds, 8.1% of total ▪ Average noninterest-bearing deposits increased $799 million vs. 3Q17 with increases in all segments ▪ The percentage of noninterest-bearing deposits to total deposits was 34.4% compared with 34.0% in 3Q17 ▪ The cost of interest-bearing deposits was 0.40%, up 5 bps compared to 3Q17 primarily due to commercial deposits 4Q17 v. 3Q17 4Q17 Annualized Average Increase Balance (Decrease) Noninterest-bearing deposits $ 54,288 5.9% Interest checking 26,746 (3.7) Money market & savings 61,693 1.6 Subtotal $ 142,727 2.2% Time deposits 13,744 (1.4) Foreign office deposits – interest-bearing 1,488 (45.6) Total deposits $ 157,959 1.4% Average Deposits ($ in millions) Total IBD Cost $180.0 $165.0 $150.0 $135.0 $120.0 0.8% 0.6% 0.4% 0.2% 0.0% 4Q16 1Q17 2Q17 3Q17 4Q17 $160.1 $161.4 $160.3 $157.4 $158.0 0.22% 0.26% 0.30% 0.35% 0.40% $60.0 $50.0 $40.0 4Q16 1Q17 2Q17 3Q17 4Q17 $51.4 $51.1 $52.6 $53.5 $54.3 Average Noninterest-Bearing Deposits ($ in billions) Average Total Deposits ($ in billions) Noninterest-bearing deposits continue to grow

9 ▪ Credit quality results reflect stable charge-offs and lower nonperformers – Net charge-offs totaled $130 million, up 2.4% vs. 3Q17 – Loans 90 days or more past due were flat when excluding government guaranteed and PCI loans – Loans 30-89 days past due increased 6.6% vs. 3Q17, largely due to expected seasonality ▪ NPAs decreased 7.8% vs. 3Q17 – Driven by improvement in commercial and industrial loans and lower foreclosed properties – Lowest NPA ratio since 3Q06 0.60% 0.40% 0.20% 0.00% 4Q16 1Q17 2Q17 3Q17 4Q17 0.42% 0.42% 0.37% 0.35% 0.36% Annualized Net Charge-offs / Average Loans 0.60% 0.40% 0.20% 0.00% 4Q16 1Q17 2Q17 3Q17 4Q17 0.37% 0.36% 0.31% 0.31% 0.28% Total Nonperforming Assets / Total Assets Asset quality remains excellent

10 ▪ Coverage ratios remain strong at 2.89x and 2.62x for the allowance to net charge-offs and NPLs, respectively ▪ The ALLL to loans ratio was 1.04%, unchanged vs. 3Q17 – Excluding loans acquired in business acquisitions, the ALLL to loans ratio was 1.11%, down 1 bp vs. 3Q17 ▪ The total provision for credit losses was $138 million for 4Q17; net charge-offs were $130 million ALLL to Annualized NCOs ALLL to NPLs HFI 4.50x 3.50x 2.50x 1.50x 4Q16 1Q17 2Q17 3Q17 4Q17 2.47x 2.49x 2.80x 2.93x 2.89x 2.03x 2.05x 2.43x 2.44x 2.62x ALLL Coverage Ratios Allowance coverage ratios remain strong

11 ▪ 4Q17 reported and core NIM decreased 5 bps and 4 bps respectively vs. 3Q17: – Core margin declined due to: – An increase in investment portfolio balances and lower investment portfolio yields due to duration adjustments – Higher yields on loans and favorable funding mix changes offset by higher funding costs – Reported margin also reflects the continued runoff of purchase accounting benefits ▪ Asset-sensitivity to rising interest rates declined slightly vs. 3Q17 – An increase in fixed rate assets (loans and securities), partially offset by an increase in core deposits 1 See non-GAAP reconciliations included in the attached Appendix Reported NIM Core NIM 4.00% 3.50% 3.00% 2.50% 4Q16 1Q17 2Q17 3Q17 4Q17 3.32% 3.46% 3.47% 3.48% 3.43% 3.18% 3.28% 3.31% 3.32% 3.28% Net Interest Margin at 12/31/17 at 9/30/17 4.00% 0.00% -4.00% -8.00% Down 100 Down 25 Up 100 Up 200 (6.62)% (1.06)% 2.07% 3.09% (6.53)% (1.14)% 2.54% 3.86% Change in Net Interest Income 1 Net interest margin declined as expected

12 4Q17 4Q17 v. 3Q17 Increase (Decrease) 4Q17 v. 4Q16 Increase (Decrease) Insurance income $ 418 21.0% (0.2)% Service charges on deposits 183 8.9 6.4 Mortgage banking income 104 (34.8) (2.8) Investment banking and brokerage fees and commissions 111 30.8 2.8 Trust and investment advisory revenues 72 23.3 4.3 Bankcard fees and merchant discounts 67 (17.0) 11.7 Checkcard fees 55 7.3 10.0 Operating lease income 37 11.0 8.8 Income from bank-owned life insurance 33 70.8 26.9 Securities gains (losses), net (1) NM NM Other income 146 98.3 25.9 Total noninterest income $ 1,225 20.1% 5.4 % Noninterest Income ($ in millions)1 1 Linked quarter percentages are annualized 45.0% 44.0% 43.0% 42.0% 41.0% 40.0% 4Q16 1Q17 2Q17 3Q17 4Q17 42.6% 42.1% 42.7% 41.4% 42.7% Fee Income Ratio Fee income seasonally stronger ▪ Insurance income increased $21 million vs. 3Q17 primarily due to seasonality ▪ Mortgage banking income decreased $10 million primarily due to a decline in production volumes ▪ Other income increased $29 million primarily due to income from SBIC private equity investments and certain post-employment benefits, which is primarily offset in personnel expense

13 4Q17 4Q17 v. 3Q17 Increase (Decrease) 4Q17 v. 4Q16 Increase (Decrease) Personnel expense $ 1,044 7.7 % 4.0% Occupancy and equipment expense 195 (6.0) (1.5) Software expense 65 19.2 14.0 Outside IT services 38 46.7 (24.0) Amortization of intangibles 34 — (10.5) Regulatory charges 38 (19.8) (9.5) Professional services 36 132.2 33.3 Loan-related expense 32 — NM Merger-related and restructuring charges, net 22 NM 69.2 Other expense 351 167.0 43.3 Total noninterest expense $ 1,855 25.0 % 11.2% Adjusted noninterest expense3 $ 1,697 (0.2)% 0.7% 1 Refer to the Appendix for appropriate reconciliations of non-GAAP financial measures 2 Linked quarter percentages are annualized 3 Excludes merger-related and restructuring charges and selected items listed on page 18 of the Quarterly Performance Summary GAAP Adjusted 80.0% 70.0% 60.0% 50.0% 4Q16 1Q17 2Q17 3Q17 4Q17 61.1% 75.6% 61.0% 62.0% 64.7% 59.5% 58.0% 58.6% 58.3% 57.2% Efficiency Ratio Noninterest Expense ($ in millions) 2 1 Expense initiatives reflected in improved adjusted efficiency ratio ▪ Personnel expense increased $20 million vs. 3Q17 – Increased $36 million due to one-time bonus in connection with the passage of the tax reform legislation – Decreased $16 million due to lower salary and equity-based compensation expense, and higher capitalized salaries, partially offset by performance-based incentives and retirement expense, which is primarily offset in other income – Average FTEs decreased 729 from 3Q17 ▪ Occupancy and equipment expense declined due to consolidating locations and branch closures ▪ The increase in outside IT services and professional services expense was primarily due to higher consulting and contracting expenses across several projects ▪ Other expense increased $104 million primarily due to a $100 million charitable contribution in connection with the passage of the tax reform legislation

14 ▪ 4Q17 dividend payout ratio was 42.1% ▪ 4Q17 total payout ratio was 102.8% ▪ Completed $373 million in share repurchases including a $53 million de minimis repurchase; $640 million in share repurchase authority remains through 2Q18 under CCAR 2017 ▪ Liquidity ratios remain strong – LCR was 138% – Liquid asset buffer was 14.3% Current quarter regulatory capital information is preliminary 10.5% 10.0% 9.5% 9.0% 4Q16 1Q17 2Q17 3Q17 4Q17 10.2% 10.3% 10.3% 10.2% 10.0% Common Equity Tier 1 Capital, liquidity and payout ratio remain strong

15 Comments 1 Linked quarter growth rates annualized, except for originations and purchases 2 Production/origination amounts exclude portfolio acquisitions, unfunded commitments, and revolving credit 3 Purchases include portfolio acquisitions and mortgages acquired through correspondent channels 4 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues Community Banking Retail and Consumer Finance ▪ Community Banking continues to execute on branch rationalization: – Completed 78 branch closures in 4Q17 – Completed 148 branch closures in 2017 – Plan to close additional 150 branches in 2018 ▪ The components of noninterest income include: Summarized Results Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in millions) 4Q17 Net interest income $ 895 $ (6) $ 11 Noninterest income 358 (4) 21 Provision for credit losses 138 22 (2) Noninterest expense 695 20 82 Income tax expense 157 (19) (20) Segment net income $ 263 $ (33) $ (28) Highlighted Metrics1 Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in billions) 4Q17 Mortgage originations2 $ 1.5 (4.4)% (30.1)% Retail originations2 $ 2.5 (11.3)% (7.3)% Purchases3 $ 2.8 44.5 % (42.2)% Loans serviced for others (EOP) $ 89.1 (1.2)% (1.3)% Operating margin4 44.5% (2.0)% (5.3)% Serves individual and business clients by offering a variety of loan and deposit products and other financial services. Also, originates and sells mortgage loans and retains mortgage servicing rights. ▪ Strong revenue growth in service charges and card based fees, both linked and like quarters ▪ Provision for credit losses increased vs. 3Q17 due to seasonal loss trends and slowing optimizing portfolio run-off ▪ Noninterest expense increased vs. 3Q17 as a result of the one time bonus following tax reform $128 $127 $114 $116 $110 $108 $75 $86 $76 $39 $39 $39Other Mortgage banking income Service charges on deposits Card-based fees ($ in millions) 4Q17 3Q17 4Q16 Total $358 $362 $337

16 Community Banking Retail and Consumer Finance-continued ▪ Decreases in balances reflect previously announced optimization strategy for mortgage and auto portfolios ▪ In 4Q17 initiatives were undertaken to stabilize mortgage and auto portfolio balances starting in 1H18 ▪ Asset quality remains strong ▪ Deposit interest costs have held flat in the initial stages of the FRB rate increases ▪ Balance decrease driven primarily by expected runoff of acquired higher cost time and savings deposits in new markets offset in large part by growth in legacy core market deposits $10.9 $11.2 $12.7 $35.0 $35.2 $34.8 $16.0 $16.0 $16.1 $16.0 $16.1 $14.5 $30.1 $30.5 $32.0 $13.4 $13.7 $14.2 $11.8 $11.9 $12.0 Total $63.6 $64.3 $66.1 Loan yield 5.35% 5.32% 5.14% Net charge-offs 0.80% 0.76% 0.77% Nonaccrual loans 0.42% 0.44% 0.47% Bank Card Indirect Sheffield & CEC Direct Retail Lending Indirect Dealer Retail Services Mortgage Noninterest-bearing deposits Interest checking Money market & savings Time deposits Total $77.9 $78.5 $78.1 Cost of deposits: Interest-bearing 0.21% 0.21% 0.22% Total 0.17% 0.16% 0.18% Average Loans1,2 ($ in billions) 4Q17 3Q17 4Q16 1 Excludes loans held for sale 2 Applicable ratios are annualized Average Deposits2 ($ in billions) 4Q17 3Q17 4Q16

17 Comments 1 Linked quarter growth rates annualized 2 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues Community Banking Commercial ▪ Total commercial pipeline up 20.1% from September 30 ▪ Record 4Q17 total commercial loan production driven by strong business demand and tax-exempt production: Summarized Results Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in millions) 4Q17 Net interest income $ 546 $ 5 $ 32 Noninterest income 105 (2) 6 Provision for credit losses 19 19 22 Noninterest expense 275 (20) (58) Income tax expense 124 1 24 Segment net income $ 233 $ 3 $ 50 Highlighted Metrics1 Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in billions) 4Q17 C&I loans $ 31.8 (0.5)% (0.5)% CRE loans $ 19.5 5.1 % 5.7 % Noninterest-bearing deposits $ 35.4 9.2 % 4.2 % Interest-bearing deposits $ 24.6 (1.7)% (4.8)% Operating margin2 57.8% 3.3 % 12.1 % Serves large, medium and small business clients by offering a variety of loan and deposit products and connecting the client with the combined organization’s broad array of financial services. ▪ Positive net interest income growth on both like and linked quarters – Linked quarter benefited from strong growth in noninterest-bearing deposits and growth in CRE loans – Like quarter comparison driven by growth in CRE loans, noninterest-bearing deposits plus improved earning spreads on deposits C&I CRE Total 4Q17 vs. 3Q17 4Q17 vs. 4Q16 31.0% 22.6% 81.8% 42.9%45.0% 28.9%

18 Community Banking Commercial-continued ▪ Improving loan yields throughout 2017 due to the rise in short-term rates and the CRE portfolio growth ▪ Dealer Floor Plan portfolio grew 22.9% annualized and 21.8% vs. 3Q17 and 4Q16 due to continued focus on growing dealer relationships throughout the banking footprint ▪ Total deposit costs rate increases have been tempered by the favorable mix shift ▪ Solid growth on a linked quarter basis in noninterest- bearing deposits $15.0 $15.0 $15.2 $8.7 $8.7 $9.4 $35.4 $34.6 $34.0 $30.1 $30.3 $30.6 $1.7 $1.6 $1.4 $19.5 $19.3 $18.5 Total $51.6 $51.5 $50.9 Loan yield 4.00% 3.98% 3.60% Net charge-offs 0.03% 0.05% (0.02)% Nonaccrual loans 0.72% 0.79% 0.85% Other CRE Dealer floor plan C&I Noninterest-bearing deposits Interest checking Money market & savings Time deposits Total $60.0 $59.3 $59.8 Cost of deposits: Interest-bearing 0.43% 0.39% 0.28% Total 0.18% 0.16% 0.12% 1 Excludes loans held for sale 2 Applicable ratios are annualized Average Loans1,2 ($ in billions) 4Q17 3Q17 4Q16 Average Deposits2 ($ in billions) 4Q17 3Q17 4Q16

19 Comments 1 Linked quarter growth rates annualized, except for production and sales 2 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues Financial Services and Commercial Finance Summarized Results Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in millions) 4Q17 Net interest income $ 179 $ 1 $ 11 Noninterest income 315 26 1 Provision for credit losses (13) (22) (12) Noninterest expense 307 11 8 Income tax expense 64 14 6 Segment net income $ 136 $ 24 $ 10 Highlighted Metrics1 Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in billions) 4Q17 Total invested assets $160.3 12.2% 11.6 % Invested assets noninterest income ($ in millions) $ 157 24.0% 8.0 % Operating margin2 37.9% 1.2% (0.1)% Provides trust services, wealth management, investment counseling, asset management, estate planning, employee benefits, specialty finance, corporate banking, and capital market services to individuals, corporations, governments, and other organizations 4Q17 vs. 3Q17 4Q17 vs. 4Q16 Brokerage MBI Trust 34.0% 43.8% 16.9% 3.1% (0.1)% 4.7% ▪ Allocated provision decrease vs. 3Q17 driven by a decline in reserves for the energy portfolio ▪ Invested assets increased 12.2%1 vs. 3Q17 as both institutional and retail accounts experienced strong growth ▪ Increase in noninterest income vs. 3Q17 driven by higher brokerage fees and commissions, commercial mortgage banking, client derivative and trust & advisory fee income:

20 Financial Services and Commercial Finance-continued ▪ Average loan balances of $26.4 billion were 9.6% higher than 3Q17 and 9.9% higher than 4Q16 ▪ Average deposit balances of $28.2 billion were 8.4% higher than 3Q17 but 7.8% lower than 4Q16 due to an initiative that lasted through 3Q17 to lower reliance on higher cost institutional deposits ▪ Total deposit costs have risen 23 bps to 0.59% since 4Q16 due to more market sensitive clients ▪ Loan yields rose 34 bps to 3.23% due to the increase in short term interest rates $1.4 $1.4 $1.5 $19.0 $18.3 $20.7 $5.1 $5.2 $5.7 $2.8 $2.7 $2.6 $21.4 $21.0 $19.7 $1.6 $1.6 $1.5 $1.5 $1.4 $1.2 $1.8 $1.7 $1.5 Total $26.4 $25.8 $24.0 Loan yield 3.23% 3.22% 2.89% Net charge-offs —% (0.01)% 0.24% Nonaccrual loans 0.03% 0.03% 0.24% Other Retail Comm Lease CRE C&I Noninterest-bearing deposits Interest checking Money market & savings Time deposits Total $28.2 $27.6 $30.5 Cost of deposits: Interest-bearing 0.66% 0.58% 0.40% Total 0.59% 0.53% 0.36% Growth by LOB 4Q17 vs.3Q173 4Q17 vs. 4Q16 Corporate Banking 6.1 % 8.0% Wealth 14.4 % 16.2% Equip Finance 23.3 % 18.5% Govt. Finance 17.0 % 10.4% Grandbridge (7.5)% 5.7% 1 Excludes loans held for sale 2 Applicable ratios are annualized 3 Linked quarter growth rates annualized, except for production and sales Average Loans1,2 ($ in billions) 4Q17 3Q17 4Q16 Average Deposits2 ($ in billions) 4Q17 3Q17 4Q16

21 Provides property and casualty, life, and health insurance to business and individual clients. It also provides workers compensation and professional liability, as well as surety coverage, title insurance and premium finance. Comments 1 U.S. locations; count includes shared locations 2 EBITDA margin is a measurement of operating profitability calculated by dividing pre-tax net income adjusted to add back interest, depreciation, intangible amortization and merger-related charges by total revenue 3 Organic commission and fee revenue excludes performance-based commissions and revenue from acquisitions within the previous 12 months Insurance Holdings and Premium Finance Summarized Results Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in millions) 4Q17 Net interest income $ 19 $ — $ — Noninterest income 428 27 (1) Provision for credit losses — (1) (1) Noninterest expense 393 4 8 Income tax expense 21 9 (3) Segment net income $ 33 $ 15 $ (5) ▪ Higher noninterest income vs. 3Q17 was primarily driven by seasonality in P&C commissions ▪ Insurance Holdings organic commission and fee revenue3 growth: 4Q17 4Q16 15.6% 17.7% ▪ Organic revenue growth driven by a 3.7% like quarter increase in new business and higher retention ▪ Insurance Holdings EBITDA margin2: Highlighted Metrics Inc (Dec) vs. 3Q17 Inc (Dec) vs. 4Q16($ in millions) 4Q17 Total agencies1 213 (1) (5) Insurance Holdings EBITDA margin2 15.6% 4.2% (2.1)% ▪ Decline in EBITDA margin primarily due to lower performance-based commissions 4Q17 vs. 4Q16 YTD17 vs. YTD16 2.8% 1.7%

22 1Q18 and full-year 2018 outlook Category 1Q18 Average total loans Up 1% - 3% annualized vs. 4Q17 Credit quality NCOs expected to be 35 - 45 bps Net interest margin GAAP margin down 1 - 3 bps vs 4Q17 Core margin stable vs. 4Q17 Noninterest income Up 1% - 3% vs. 1Q17 Expenses1 Flat vs. 1Q17 Effective tax rate 21% Category Full-year 2018 Average total loans Up 2% - 4% vs. 2017 Revenue2 Up 2% - 4% vs. 2017 Expenses1 Flat vs. 2017 Effective tax rate 21% 1 Excludes merger-related and restructuring charges and selected items listed on page 18 of the Quarterly Performance Summary 2 Taxable-equivalent

Appendix

A-1 Acc. Yield PA Mark Acquired Loans1 Non-PCI Loans2 Liabilities3 Securities4 Balance, September 30, 2017 $ (352) $ (203) $ (32) $ (382) Net interest income: Normal accretion 25 16 5 14 Cash recoveries / early payoffs 11 13 — (9) Total net interest income 36 29 5 5 Other (21) — — — Balance, December 31, 2017 $ (337) $ (174) $ (27) $ (377) NBV/amortized cost of related assets (liabilities) at December 31, 2017 $ 651 $ 10,149 $ (869) $ 352 1 Accretable yield represents the difference between total expected cash flows and the carrying value of the related loan pools. It is recognized using level-yield method over the remaining expected life of the pools (subject to future cash- flow reassessments). Includes all PCI loans and other loans acquired from Colonial that are accounted for under ASC 310-30. 2 Purchase accounting loan marks on Susquehanna and National Penn non-PCI loans represents the total mark, including credit and interest, and are recognized using level-yield method over the remaining life of the individual loans or recognized in full in the event of prepayment. Not subject to future cash flow reassessments. 3 Purchase accounting marks on liabilities represents interest rate marks on Susquehanna and National Penn time deposits and long-term debt and are recognized using level-yield method over the term of the liability. 4 Purchase accounting securities marks represents securities acquired in the Colonial acquisition and are recognized using level-yield method over the expected maturity of the underlying securities. Subject to reassessment of prepayments, as applicable. The mark is also used for payment shortfalls and credit losses. Supplemental information Purchase accounting summary (Dollars in millions)

A-2 Core Loan Growth (Dollars in millions) Supplemental information 4Q17 v. 3Q17 Annualized Average Balance Increase 4Q17 3Q17 (Decrease) Total loans held for investment $ 142,661 $ 142,691 (0.1)% Less Optimizing: Indirect - prime 9,165 9,780 Residential mortgage 28,559 28,924 PCI 689 742 Subtotal-optimizing 38,413 39,446 (10.4) Core loans $ 104,248 $ 103,245 3.9%

A-3 Loan Mapping (Dollars in millions) Supplemental information Prior C&I CRE-IPP CRE-C&D Dealer floor plan Direct retail lending Sales finance Revolving credit Residential mortgage Other lending subsidiaries PCI Total New: Commercial: C&I $ 51,854 $ 1,665 $ 4,959 $ 58,478 CRE $ 14,886 $ 4,643 1,469 20,998 Leasing 1,851 1,851 Retail: Residential mortgage $ 28,559 28,559 Direct $ 11,901 11,901 Indirect $ 9,165 8,261 17,426 Revolving credit $ 2,759 2,759 PCI $ 689 689 $ 51,854 $ 14,886 $ 4,643 $ 1,665 $ 11,901 $ 9,165 $ 2,759 $ 28,559 $ 16,540 $ 689 $ 142,661 The above matrix reconciles the average loan balances for 4Q17 from the prior disclosures to the current presentation

A-4 Non-GAAP reconciliations Efficiency ratio (Dollars in millions) Quarter Ended Year-to-Date Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2017 2017 2017 2017 2016 2017 2016 Efficiency ratio numerator - noninterest expense - GAAP $ 1,855 $ 1,745 $ 1,742 $ 2,102 $ 1,668 $ 7,444 $ 6,721 Amortization of intangibles (34) (34) (36) (38) (38) (142) (150) Merger-related and restructuring charges, net (22) (47) (10) (36) (13) (115) (171) Gain (loss) on early extinguishment of debt — — — (392) — (392) 1 Charitable contribution (100) — — — — (100) (50) One-time bonus (36) — — — — (36) — Mortgage reserve adjustments — — — — 31 — 31 Efficiency ratio numerator - adjusted $ 1,663 $ 1,664 $ 1,696 $ 1,636 $ 1,648 $ 6,659 $ 6,455 Efficiency ratio denominator - revenue1 - GAAP $ 2,869 $ 2,813 $ 2,855 $ 2,780 $ 2,727 $ 11,317 $ 10,793 Taxable equivalent adjustment 38 41 40 40 41 159 160 Securities (gains) losses, net 1 — — — (1) 1 (46) Efficiency ratio denominator - adjusted $ 2,908 $ 2,854 $ 2,895 $ 2,820 $ 2,767 $ 11,477 $ 10,907 Efficiency ratio - GAAP 64.7% 62.0% 61.0% 75.6% 61.1% 65.8% 62.3% Efficiency ratio - adjusted2 57.2 58.3 58.6 58.0 59.5 58.0 59.2 1 Revenue is defined as net interest income plus noninterest income. 2 The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

A-5 Non-GAAP reconciliations Calculations of tangible common equity and related measures (Dollars in millions, except per share data, shares in thousands) As of / Quarter Ended Dec. 31 Sept. 30 June 30 March 31 Dec. 31 2017 2017 2017 2017 2016 Common shareholders' equity $ 26,595 $ 26,757 $ 27,254 $ 26,928 $ 26,828 Less: Intangible assets 10,329 10,363 10,400 10,436 10,492 Tangible common shareholders' equity1 $ 16,266 $ 16,394 $ 16,854 $ 16,492 $ 16,336 Outstanding shares at end of period 782,006 788,921 808,093 811,370 809,475 Common shareholders' equity per common share $ 34.01 $ 33.92 $ 33.73 $ 33.19 $ 33.14 Tangible common shareholders' equity per common share1 20.80 20.78 20.86 20.33 20.18 Net income available to common shareholders $ 614 $ 597 $ 631 $ 378 $ 592 Plus amortization of intangibles, net of tax 21 22 22 24 24 Tangible net income available to common shareholders1 $ 635 $ 619 $ 653 $ 402 $ 616 Average common shareholders' equity $ 26,759 $ 26,857 $ 27,208 $ 26,807 $ 26,962 Less: Average intangible assets 10,346 10,382 10,418 10,464 10,508 Average tangible common shareholders' equity1 $ 16,413 $ 16,475 $ 16,790 $ 16,343 $ 16,454 Return on average common shareholders' equity 9.10% 8.82% 9.30% 5.72% 8.75% Return on average tangible common shareholders' equity1 15.35 14.89 15.60 9.98 14.91 1 Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. BB&T's management uses these measures to assess the quality of capital and returns relative to balance sheet risk and believes investors may find them useful in their analysis of the Corporation.

A-6 Quarter Ended Dec. 31 Sept. 30 June 30 March 31 Dec. 31 2017 2017 2017 2017 2016 Net interest income - GAAP $ 1,644 $ 1,647 $ 1,635 $ 1,609 $ 1,565 Taxable-equivalent adjustment 38 41 40 40 41 Net interest income - taxable-equivalent 1,682 1,688 1,675 1,649 1,606 Interest income - PCI loans (36) (32) (37) (42) (49) Accretion of mark on Susquehanna and National Penn non-PCI loans (29) (32) (25) (25) (33) Accretion of mark on Susquehanna and National Penn liabilities (5) (5) (6) (5) (6) Accretion of mark on securities acquired from FDIC (5) (10) (16) (10) 14 Net interest income - core1 $ 1,607 $ 1,609 $ 1,591 $ 1,567 $ 1,532 Average earning assets - GAAP $ 195,305 $ 193,073 $ 193,386 $ 192,564 $ 192,574 Average balance - PCI loans (689) (742) (825) (883) (974) Average balance - mark on Susquehanna and National Penn non-PCI loans 188 219 248 272 300 Average balance - mark on securities acquired from FDIC 377 387 403 414 402 Average earning assets - core1 $ 195,181 $ 192,937 $ 193,212 $ 192,367 $ 192,302 Annualized net interest margin: Reported - taxable-equivalent 3.43% 3.48% 3.47% 3.46% 3.32% Core1 3.28 3.32 3.31 3.28 3.18 Core NIM (Dollars in millions) Non-GAAP reconciliations 1 Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The interest income and average balances for PCI loans are excluded in their entirety as the accounting for these loans can result in significant and unusual trends in yields. The purchase accounting marks and related amortization for a) securities acquired from the FDIC in the Colonial acquisition and b) non-PCI loans, deposits and long-term debt acquired from Susquehanna and National Penn are excluded to approximate their yields at the pre-acquisition rates. BB&T's management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of BB&T's earning assets.

A-7 Non-GAAP reconciliations Diluted EPS (Dollars in millions, except per share data, shares in thousands) Quarter Ended Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Year Ended December 31, 2017 2017 2017 2017 2016 2017 2016 Net income available to common shareholders - GAAP $ 614 $ 597 $ 631 $ 378 $ 592 $ 2,220 $ 2,259 Merger-related and restructuring charges 14 29 6 22 8 71 108 Loss on early extinguishment of debt — — — 246 — 246 — Securities gains — — — — — — (28) Charitable contribution 63 — — — — 63 31 Impact of tax reform (43) — — — — (43) — One-time bonus 23 — — — — 23 — Excess tax benefit on equity-based awards — — — (35) — (35) — Securities duration adjustments and hedge ineffectiveness — — — — 21 — 21 Mortgage reserve adjustment — — — — (19) — (19) Settlement of FHA-insured loans matter and related recovery — — — — — — (46) Energy-related provision in excess of charge-offs — — — — — — 17 Income tax adjustment — — — — — — (13) Termination of FDIC loss share agreements — — — — — — 11 Net income available to common shareholders - adjusted1 $ 671 $ 626 $ 637 $ 611 $ 602 $ 2,545 $ 2,341 Weighted average shares outstanding - diluted 795,867 806,124 819,389 822,719 821,971 810,977 814,916 Diluted EPS - GAAP $ 0.77 $ 0.74 $ 0.77 $ 0.46 $ 0.72 $ 2.74 $ 2.77 Diluted EPS - adjusted1 0.84 0.78 0.78 0.74 0.73 3.14 2.87 1 The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

A-8 Non-GAAP reconciliations Operating leverage1 (Dollars in millions) Quarter Ended Dec. 31 Sept. 30 Annualized 2017 2017 Growth Revenue2 - GAAP $ 2,869 $ 2,813 7.9% Taxable equivalent adjustment 38 41 Securities (gains) losses, net 1 — Revenue2 - adjusted $ 2,908 $ 2,854 7.5% Noninterest expense - GAAP $ 1,855 $ 1,745 25.0% Amortization of intangibles (34) (34) Merger-related and restructuring charges, net (22) (47) Charitable contribution (100) — One-time bonus (36) — Noninterest expense - adjusted $ 1,663 $ 1,664 (0.2)% Operating leverage - GAAP (17.1)% Operating leverage - adjusted3 7.7 1 Operating leverage is defined as annualized revenue growth less annualized noninterest expense growth. 2 Revenue is defined as net interest income plus noninterest income. 3 The adjusted operating leverage ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

A-9 Non-GAAP reconciliations Performance ratios (Dollars in millions, except per share data, shares in thousands) Quarter Ended Common Tangible Assets Equity Common Equity2 Net income - GAAP $ 667 Net income available to common shareholders - GAAP $ 614 $ 614 Charitable contribution, net of tax 63 63 63 One-time bonus, net of tax 23 23 23 Impact of tax reform (43) (43) (43) Merger-related and restructuring charges 14 14 14 Amortization of intangibles, net of tax — — 21 Numerator - adjusted1 $ 724 $ 671 $ 692 Average assets $ 222,525 Average common shareholders' equity $ 26,759 $ 26,759 Plus: Estimated impact of adjustments on denominator 7 7 Less: Average intangible assets 10,346 Denominator - adjusted1 $ 222,525 $ 26,766 $ 16,420 Reported ratio 1.19% 9.10% 15.35% Adjusted ratio 1.29 9.93 16.70 1 The adjusted performance ratios are non-GAAP in that they exclude merger-related and restructuring charges and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets. BB&T's management uses these measures in their analysis of the Corporation's performance. BB&T's management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. 2 Tangible common equity - reported ratio is a non-GAAP measure. See the non-GAAP reconciliation on page A-5

A-10 Segment Realignment Community Banking – Retail & Consumer Finance CB – Retail Network Card-Based Services Residential Mortgage Mortgage Warehouse Dealer Finance Retail & Rec Regional Acceptance Sheffield & CEC Community Banking - Commercial CB – Commercial Dealer Commercial Services Insurance Holdings & Premium Finance Insurance - Wholesale Insurance - Retail Premium Finance Community Banking CB – Commercial & Retail Network Residential Mortgage Banking Residential Mortgage Mortgage Warehouse Dealer Finance Retail & Rec Regional Acceptance Dealer Commercial Services Dealer Financial Services Sheffield & CEC Premium Finance Grandbridge Equipment & Govt Fin Specialized Lending Corporate Banking BB&T Securities & Invest Svcs Wealth Management Retirement & Institutional Svcs Sterling Capital 5 Points Capital SBICs Financial Services Insurance - Wholesale Insurance - RetailInsurance Holdings Corporate Banking Grandbridge Equipment & Govt Fin BB&T Securities & Invest Svcs Wealth Management Retirement & Institutional Svcs Sterling Capital Financial Services & Commercial Finance ** * * From / ** To “Other, Treasury & Corporate” not shown PREVIOUS STRUCTUR E NEW STRUCTUR E



North Carolina	56-0939887
(State of incorporation)	(I.R.S. Employer Identification No.)



200 West Second Street
Winston-Salem, North Carolina	27101
(Address of principal executive offices)	(Zip Code)



Exhibit No.		Description of Exhibit
99.1		Earnings Release issued January 18, 2018
99.2		Quarterly Performance Summary issued January 18, 2018
99.3		Earnings Release Presentation issued January 18, 2018



	BB&T CORPORATION
	(Registrant)

	By: /s/ Cynthia B. Powell

	Cynthia B. Powell
	Executive Vice President and Corporate Controller
	(Principal Accounting Officer)



		BB&T Corporation
		Corporate Communications 2400 Reynolda Road Winston-Salem, NC 27106-4606
January 18, 2018		News Release

FOR IMMEDIATE RELEASE

Contacts: ANALYSTS Alan Greer Executive Vice President Investor Relations (336) 733-3021	Richard Baytosh Senior Vice President Investor Relations (336) 733-0732		MEDIA Brian Davis Senior Vice President Corporate Communications Media@BBT.com


•	Taxable-equivalent revenues were a record $2.9 billion for the fourth quarter, up $53 million from the third quarter of 2017


◦	Net interest margin was 3.43 percent, down five basis points


◦	Noninterest income was up $59 million driven by higher insurance and other income


◦	Fee income ratio was 42.7 percent, compared to 41.4 percent for the prior quarter


•	Noninterest expense was $1.9 billion, up $110 million compared to the third quarter of 2017


◦	Noninterest expense was essentially flat excluding tax reform investments and merger-related and restructuring charges


◦	GAAP efficiency ratio was 64.7 percent, compared to 62.0 percent for the prior quarter


◦	Adjusted efficiency ratio was 57.2 percent, compared to 58.3 percent for the prior quarter


•	Tax reform and related actions resulted in a net after-tax expense of $43 million or $0.05 per share


◦	Revaluation of deferred taxes and investments in affordable housing projects resulted in a net tax benefit of $43 million


ITEM 2.02	Results of Operations and Financial Condition


ITEM 9.01	Financial Statements and Exhibits


(d)	Exhibits


◦	One-time bonus paid to associates who do not generally receive incentives or commissions of $36 million ($23 million after-tax)


◦	Contribution to BB&T's philanthropic fund of $100 million ($63 million after-tax)


◦	Increased the minimum hourly pay rate from $12 to $15 per hour, effective January 1, 2018


•	Average loans and leases held for investment were $142.7 billion, flat compared to the third quarter of 2017


◦	Average commercial and industrial loans increased $267 million, or 1.8 percent annualized


◦	Average CRE loans increased $222 million, or 4.2 percent annualized


◦	Average lease financing increased $119 million, or 27.3 percent annualized


◦	Average residential mortgage loans decreased $365 million, or 5.0 percent annualized


◦	Average indirect loans decreased $252 million, or 5.7 percent annualized


•	Average deposits were $158.0 billion compared to $157.4 billion for the third quarter of 2017


◦	Average noninterest-bearing deposits increased $799 million, or 5.9 percent annualized


◦	Deposit mix strengthened, with average noninterest-bearing deposits representing 34.4 percent of total deposits, compared to 34.0 percent in the prior quarter


◦	Average interest-bearing deposits decreased $254 million and costs were 0.40 percent, up five basis points compared to the prior quarter


•	Asset quality continues to improve from the prior quarter


◦	Nonperforming loans were 0.40 percent of loans held for investment, down two basis points


◦	Loans 90 days or more past due and still accruing were 0.38 percent of loans held for investment, compared to 0.35 percent in the prior quarter


◦	The allowance for loan loss coverage ratio was 2.62 times nonperforming loans held for investment, versus 2.44 times in the prior quarter


◦	The allowance for loan and lease losses was 1.04 percent of loans held for investment, unchanged


◦	Common equity tier 1 to risk-weighted assets was 10.0 percent



EARNINGS HIGHLIGHTS
(dollars in millions, except per share data)							Change 4Q17 vs.
	4Q17		3Q17		4Q16		3Q17			4Q16
Net income available to common shareholders	$	614	$	597	$	592	$	17		$	22
Diluted earnings per common share	0.77		0.74		0.72		0.03			0.05

Net interest income - taxable equivalent	$	1,682	$	1,688	$	1,606	$	(6	)	$	76
Noninterest income	1,225		1,166		1,162		59			63
Total taxable-equivalent revenue	$	2,907	$	2,854	$	2,768	$	53		$	139
Less taxable-equivalent adjustment	38		41		41
Total revenue	$	2,869	$	2,813	$	2,727