Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

(Exact name of registrant as specified in its charter)

_____________________________



North Carolina	1-10853	56-0939887
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)



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

(Registrant's telephone number, including area code)

_____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Results of Operations and Financial Condition

On July 19, 2018, BB&T Corporation issued a press release reporting second quarter 2018 results and posted on its website its second quarter 2018 Earnings Release, Quarterly Performance Summary and Earnings Release Presentation. The release contains forward-looking statements regarding BB&T and includes a cautionary statement identifying important factors that could cause actual results to differ materially from those anticipated. The Earnings Release, Quarterly Performance Summary and Earnings Release Presentation are furnished as Exhibits 99.1, 99.2 and 99.3, respectively.

Financial Statements and Exhibits



Exhibit No.		Description of Exhibit
99.1		Earnings Release issued July 19, 2018
99.2		Quarterly Performance Summary issued July 19, 2018
99.3		Earnings Release Presentation issued July 19, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	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
July 19, 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

BB&T reports record quarterly earnings of $0.99 per diluted share

Up $0.22, or 28.6 percent, compared to second quarter 2017

WINSTON-SALEM, N.C. — BB&T Corporation (NYSE: BBT) today reported record earnings for the second quarter of 2018. Net income available to common shareholders was $775 million. Earnings per diluted common share were $0.99 for the second quarter of 2018, up from $0.94 last quarter. Results for the second quarter produced an annualized return on average assets of 1.49 percent and an annualized return on average common shareholders' equity of 11.74 percent.

Excluding pre-tax merger-related and restructuring charges of $24 million ($17 million after-tax), net income available to common shareholders was $792 million, or $1.01 per diluted share.

Net income available to common shareholders was $745 million ($0.94 per diluted share) for the first quarter of 2018 and $631 million ($0.77 per diluted share) for the second quarter of 2017.

"Strong revenues, improved loan growth and solid expense control resulted in record earnings for the quarter," said Chairman and Chief Executive Officer Kelly S. King. "We produced a strong 3.5 percent annualized growth in average loans held for investment compared to the prior quarter. Our earnings before income taxes exceeded $1.0 billion, which is also a record and was up 4.7 percent over the second quarter of last year.

"Revenue was $2.9 billion as both net interest income and noninterest income were near all-time highs. Total noninterest expenses for the quarter were $1.7 billion, down $22 million from the second quarter of 2017. Excluding merger-related and restructuring charges, noninterest expense was down $36 million, reflecting continued progress on our optimization efforts," King said.

"Asset quality remains excellent and improved further during the second quarter. Nonperforming assets, net charge-offs and loans 90 days or more past due all declined from already very low levels," King said.

"We were pleased the Federal Reserve did not object to our capital plan, which includes a $0.03 per share increase in our dividend, which will be considered at our July Board of Directors meeting, and up to $1.7 billion in share repurchases. A portion of the capital allocated for share repurchases was used to acquire Regions Insurance in early July. The acquisition will be a great strategic fit and increase our retail insurance network in core BB&T markets across the Southeast and newer markets in Texas, Louisiana, Arkansas and Indiana," King said.

Second Quarter 2018 Performance Highlights

Earnings per diluted common share were $0.99, up $0.05 compared to first quarter of 2018

Earnings per diluted common share were $1.01, excluding merger-related and restructuring charges

Return on average assets was 1.49 percent

Return on average common shareholders' equity was 11.74 percent

Return on average tangible common shareholders' equity was 19.78 percent

Taxable-equivalent revenues were $2.9 billion, up $65 million from the first quarter of 2018

Net interest margin was 3.45 percent, up one basis point from the prior quarter

Noninterest income was up $42 million primarily due to higher insurance income

Fee income ratio was 42.5 percent, compared to 41.9 percent for the prior quarter

Noninterest expense was $1.7 billion, up $34 million compared to the first quarter of 2018 driven by performance-based incentive expense

Noninterest expense was down $22 million compared to the second quarter of 2017

GAAP efficiency ratio was 59.7 percent, compared to 60.0 percent for the first quarter of 2018

Adjusted efficiency ratio was 57.4 percent, compared to 57.3 percent for the first quarter of 2018

Average loans and leases held for investment were $144.1 billion, up $1.2 billion, or 3.5 percent annualized compared to the first quarter of 2018

Average commercial and industrial loans increased $921 million, or 6.3 percent annualized

Average CRE loans increased $148 million, or 2.8 percent annualized

Average residential mortgage loans increased $448 million, or 6.2 percent annualized

Average direct retail loans decreased $111 million, or 3.8 percent annualized

Average indirect loans decreased $110 million, or 2.6 percent annualized

Average deposits were $157.7 billion compared to $157.1 billion for the first quarter of 2018

Average noninterest-bearing deposits increased $567 million, or 4.3 percent annualized

Average noninterest-bearing deposits represent 34.2 percent of total deposits, compared to 34.0 percent in the prior quarter

Average interest-bearing deposits costs were 0.57 percent, up 11 basis points

Asset quality remains excellent

Nonperforming loans were 0.38 percent of loans held for investment, down four basis points from the first quarter of 2018

Loans 90 days or more past due and still accruing were 0.30 percent of loans held for investment, compared to 0.34 percent in the prior quarter

Net charge-offs were 0.30 percent of average loans and leases, down 11 basis points

The allowance for loan loss coverage ratio was 2.74 times nonperforming loans held for investment, versus 2.49 times in the prior quarter

The allowance for loan and lease losses was 1.05 percent of loans held for investment, unchanged compared to the prior quarter

Capital levels remained strong across the board

Common equity tier 1 to risk-weighted assets was 10.2 percent

Tier 1 risk-based capital was 11.9 percent

Total capital was 13.9 percent

Leverage capital was 10.0 percent



EARNINGS HIGHLIGHTS							Change 2Q18 vs.
(dollars in millions, except per share data)	2Q18		1Q18		2Q17		1Q18		2Q17
Net income available to common shareholders	$	775	$	745	$	631	$	30	$	144
Diluted earnings per common share	0.99		0.94		0.77		0.05		0.22

Net interest income - taxable equivalent	$	1,679	$	1,656	$	1,675	$	23	$	4
Noninterest income	1,222		1,180		1,220		42		2
Total taxable-equivalent revenue	$	2,901	$	2,836	$	2,895	$	65	$	6
Less taxable-equivalent adjustment	22		23		40
Total revenue	$	2,879	$	2,813	$	2,855



Return on average assets	1.49	%	1.45	%	1.22	%	0.04	%	0.27	%
Return on average risk-weighted assets	1.85		1.81		1.53		0.04		0.32
Return on average common shareholders' equity	11.74		11.43		9.30		0.31		2.44
Return on average tangible common shareholders' equity (1)	19.78		19.36		15.60		0.42		4.18
Net interest margin - taxable equivalent	3.45		3.44		3.47		0.01		(0.02	)

Excludes certain items as detailed in the non-GAAP reconciliations in the Quarterly Performance Summary.

Second Quarter 2018 compared to First Quarter 2018

Total taxable-equivalent revenues were $2.9 billion for the second quarter of 2018, an increase of $65 million compared to the prior quarter, which reflects an increase of $23 million in taxable-equivalent net interest income and an increase of $42 million in noninterest income.

The net interest margin was 3.45 percent for the second quarter, up one basis point compared to the prior quarter. Average earning assets increased $564 million, which reflects a $1.8 billion increase in average total loans and a $1.2 billion decrease in average total securities. Average interest-bearing liabilities decreased $221 million, driven by a decrease of $154 million in average short-term borrowings. The need for short-term borrowings was reduced as a result of the $567 million increase in noninterest-bearing deposits.

The annualized yield on the total loan portfolio for the second quarter was 4.70 percent, up 13 basis points, reflecting the impact of rate increases. The annualized taxable-equivalent yield on the average securities portfolio for the second quarter was 2.53 percent, up nine basis points compared to the prior quarter.

The average annualized cost of interest-bearing deposits was 0.57 percent, up 11 basis points compared to the prior quarter. The average annualized rate on long-term debt was 2.81 percent, up 27 basis points compared to the prior quarter. The average annualized rate on short-term borrowings was 1.77 percent, up 34 basis points compared to the prior quarter. The higher rates on interest-bearing liabilities reflect the impact of rate increases.

The provision for credit losses was $135 million, and net charge-offs were $109 million for the second quarter, compared to $150 million and $145 million, respectively, for the prior quarter.

Noninterest income was $1.2 billion, an increase of $42 million compared to the prior quarter primarily due to a seasonal increase in insurance income.

Noninterest expense was $1.7 billion for the second quarter, up $34 million compared to the prior quarter. This increase was primarily due to higher personnel expense, which was driven by higher performance-based incentives.

The provision for income taxes was $202 million for the second quarter, compared to $186 million for the prior quarter. The effective tax rate for the second quarter was 19.7 percent, compared to 19.0 percent for the prior quarter.

Second Quarter 2018 compared to Second Quarter 2017

Total taxable-equivalent revenues were $2.9 billion for the second quarter of 2018, an increase of $6 million compared to the earlier quarter as taxable-equivalent net interest income and noninterest income were essentially flat.

Net interest margin was 3.45 percent, down two basis points compared to the earlier quarter. Average earning assets increased $1.7 billion. The increase in average earnings assets reflects a $1.7 billion increase in average securities, a $1.4 billion increase in average total loans and a $1.5 billion decrease in average other earning assets. Average interest-bearing liabilities increased $470 million compared to the earlier quarter, as the growth in earning assets was primarily funded by noninterest-bearing deposits, which increased $1.4 billion compared to the earlier quarter. Average interest-bearing deposits decreased $4.0 billion, which was offset by increases of $1.9 billion in average long-term debt and $2.6 billion in average short-term borrowings. The annualized yield on the total loan portfolio for the second quarter of 2018 was 4.70 percent, up 34 basis points compared to the earlier quarter, reflecting the impact of rate increases. The annualized taxable-equivalent yield on the average securities portfolio was 2.53 percent, up four basis points compared to the earlier period.

The average annualized cost of interest-bearing deposits was 0.57 percent, up 27 basis points compared to the earlier quarter. The average annualized rate on long-term debt was 2.81 percent, up 90 basis points compared to the earlier quarter. The average annualized rate on short-term borrowings was 1.77 percent, up 107 basis points compared to the earlier quarter. The higher rates on interest-bearing liabilities reflect the impact of rate increases.

The provision for credit losses was $135 million, flat compared to the earlier quarter. Net charge-offs for the second quarter of 2018 totaled $109 million compared to $132 million for the earlier quarter.

Noninterest income was $1.2 billion, flat from the earlier quarter. Noninterest expense for the second quarter of 2018 was $1.7 billion, down $22 million compared to the earlier quarter. Excluding merger-related and restructuring charges, noninterest expense was down $36 million due to a continued focus on expense control.

The provision for income taxes was $202 million for the second quarter of 2018, compared to $304 million for the earlier quarter. This produced an effective tax rate for the second quarter of 2018 of 19.7 percent, compared to 31.1 percent for the earlier quarter. The provision for income taxes for the current quarter reflects the new lower federal tax rate.



NONINTEREST INCOME							% Change 2Q18 vs.
(dollars in millions)	2Q18		1Q18		2Q17		1Q18		2Q17
							(annualized)
Insurance income	$	481	$	436	$	481	41.4	%	—	%
Service charges on deposits	179		165		176		34.0		1.7
Mortgage banking income	94		99		94		(20.3	)	—
Investment banking and brokerage fees and commissions	109		113		105		(14.2	)	3.8
Trust and investment advisory revenues	72		72		70		—		2.9
Bankcard fees and merchant discounts	72		69		75		17.4		(4.0	)
Checkcard fees	57		52		54		38.6		5.6
Operating lease income	36		37		37		(10.8	)	(2.7	)
Income from bank-owned life insurance	30		31		32		(12.9	)	(6.3	)
Securities gains (losses), net	1		—		—		NM		NM
Other income	91		106		96		(56.8	)	(5.2	)
Total noninterest income	$	1,222	$	1,180	$	1,220	14.3		0.2

NM - not meaningful.

Second Quarter 2018 compared to First Quarter 2018

Noninterest income was $1.2 billion for the second quarter, up $42 million compared to the prior quarter primarily due to an increase in insurance income.

Insurance income increased $45 million primarily due to seasonality. Service charges on deposits increased $14 million primarily due to fewer fee waivers as the prior quarter was impacted by the February system outage. Other income decreased $15 million primarily due to smaller decreases in various sundry items.

Second Quarter 2018 compared to Second Quarter 2017

Noninterest income for the second quarter of 2018 was essentially flat compared to the earlier quarter.



NONINTEREST EXPENSE							% Change 2Q18 vs.
(dollars in millions)	2Q18		1Q18		2Q17		1Q18		2Q17
							(annualized)
Personnel expense	$	1,074	$	1,039	$	1,068	13.5	%	0.6	%
Occupancy and equipment expense	187		194		198		(14.5	)	(5.6	)
Software expense	67		65		57		12.3		17.5
Outside IT services	32		32		39		—		(17.9	)
Regulatory charges	39		40		36		(10.0	)	8.3
Amortization of intangibles	31		33		36		(24.3	)	(13.9	)
Loan-related expense	26		29		36		(41.5	)	(27.8	)
Professional services	32		30		38		26.7		(15.8	)
Merger-related and restructuring charges, net	24		28		10		(57.3	)	140.0
Other expense	208		196		224		24.6		(7.1	)
Total noninterest expense	$	1,720	$	1,686	$	1,742	8.1		(1.3	)

New pension accounting guidance was adopted in 1Q18 such that only service cost is included in personnel expense with the other pension expense elements included in other expense. Prior periods have been retrospectively adjusted to conform to the new presentation and total noninterest expense was not affected.

Second Quarter 2018 compared to First Quarter 2018

Noninterest expense was $1.7 billion for the second quarter, up $34 million compared to the prior quarter. This increase is primarily due to higher personnel expense.

Personnel expense increased $35 million compared to the prior quarter. The increase was driven by higher performance-based incentive expense due to improved performance relative to targets, partially offset by lower payroll taxes. Full-time equivalent employees decreased 126 compared to the prior quarter.

Merger-related and restructuring charges were $24 million for the second quarter and primarily reflect charges associated with facilities optimization activities.

Other expense increased $12 million partially due to an increase in Visa indemnification reserves.

Second Quarter 2018 compared to Second Quarter 2017

Noninterest expense for the second quarter of 2018 was down $22 million compared to the earlier quarter. Excluding merger-related and restructuring charges, noninterest expense was down $36 million due to a continued focus on expense control. This includes the benefits of prior optimization efforts including lower occupancy and equipment expense and fewer FTEs, as well as lower project-related costs.

Personnel expense was essentially flat compared to the earlier quarter as lower salaries expense driven by approximately 1,600 fewer FTEs was largely offset by higher performance-based incentive expense and annual merit increases.

Other expense decreased $16 million compared to the earlier quarter primarily due to an increase in the expected return on pension plan assets due to higher plan assets.



LOANS AND LEASES
(dollars in millions)
Average balances	2Q18		1Q18		Change			% Change
								(annualized)
Commercial:
Commercial and industrial	$	59,548	$	58,627	$	921		6.3	%
CRE	21,546		21,398		148			2.8
Lease financing	1,862		1,872		(10		)	(2.1	)
Retail:
Residential mortgage	29,272		28,824		448			6.2
Direct	11,680		11,791		(111		)	(3.8	)
Indirect	16,804		16,914		(110		)	(2.6	)
Revolving credit	2,831		2,798		33			4.7
PCI	559		631		(72		)	(45.8	)
Total loans and leases held for investment	$	144,102	$	142,855	$	1,247		3.5

Average loans held for investment for the second quarter of 2018 were $144.1 billion, up $1.2 billion, or 3.5 percent annualized compared to the first quarter of 2018.

Average commercial and industrial loans increased $921 million driven by strong growth in mortgage warehouse lending of $389 million following a seasonal decline in the first quarter. Community Banking Commercial segment average loans increased $260 million across most of the footprint. Also contributing to the growth in commercial and industrial loans was higher dealer floor plan and premium finance of $64 million and $60 million, respectively. Average CRE loans increased $148 million primarily due to an increase in construction lending and Grandbridge. Average residential mortgage loans increased $448 million primarily due to the retention of a portion of the conforming mortgage production.

Average direct retail loans decreased $111 million, however, direct retail loans as of June 30, 2018, were relatively flat compared to the balance at the end of the first quarter as loan demand in this category improved late in the second quarter.

Average indirect retail loans decreased $110 million. While overall this category decreased, there was strong seasonal growth in power sports and recreational lending, which was more than offset by declines in automobile loans. Indirect loans as of June 30, 2018, were $17.1 billion, up 11.1 percent annualized compared to the end of the first quarter, reflecting strong growth late in the second quarter.



DEPOSITS
(dollars in millions)
Average balances	2Q18		1Q18		Change			% Change
								(annualized)
Noninterest-bearing deposits	$	53,963	$	53,396	$	567		4.3	%
Interest checking	26,969		27,270		(301		)	(4.4	)
Money market and savings	62,105		61,690		415			2.7
Time deposits	13,966		13,847		119			3.4
Foreign office deposits - interest-bearing	673		935		(262		)	(112.4	)
Total deposits	$	157,676	$	157,138	$	538		1.4

Average deposits for the second quarter were $157.7 billion, up $538 million compared to the prior quarter. Average noninterest-bearing deposits increased $567 million, driven by increases in personal and commercial balances, partially offset by a decrease in public funds balances.

Average interest checking decreased $301 million primarily due to a decrease in public funds balances, partially offset by an increase in commercial balances. Average money market and savings deposits increased $415 million primarily due to an increase in commercial balances partially offset by a decline in public funds balances. Average foreign office deposits decreased $262 million due to changes in the overall funding mix.

Noninterest-bearing deposits represented 34.2 percent of total average deposits for the second quarter, compared to 34.0 percent for the prior quarter and 32.8 percent a year ago. The cost of interest-bearing deposits was 0.57 percent for the second quarter, up 11 basis points compared to the prior quarter.



SEGMENT RESULTS									Change 2Q18 vs.
(dollars in millions)									Change 2Q18 vs.
Segment Net Income	2Q18			1Q18			2Q17		1Q18			2Q17
Community Banking Retail and Consumer Finance	$	377		$	324		$	279	$	53		$	98
Community Banking Commercial	277			270			177		7			100
Financial Services and Commercial Finance	145			144			134		1			11
Insurance Holdings and Premium Finance	73			62			60		11			13
Other, Treasury & Corporate	(50		)	(9		)	24		(41		)	(74		)
Total net income	$	822		$	791		$	674	$	31		$	148

Second Quarter 2018 compared to First Quarter 2018

Community Banking Retail and Consumer Finance ("CB-Retail")

CB-Retail serves retail clients by offering a variety of loan and deposit products, payment services, bankcard products and other financial services by connecting clients to a wide range of financial products and services. CB-Retail includes Dealer Retail Services, which originates loans on an indirect basis to consumers for the purchase of automobiles, boats and recreational vehicles. Additionally, CB-Retail includes specialty finance lending, small equipment leasing and other products for consumers. CB-Retail also includes Residential Mortgage Banking, which originates and purchases mortgage loans to either hold for investment or sell to third parties. BB&T generally retains the servicing rights to loans sold. Mortgage products include fixed and adjustable-rate government guaranteed and conventional loans used for the purpose of constructing, purchasing or refinancing residential properties. Substantially all of the properties are owner-occupied. Residential Mortgage Banking also includes Mortgage Warehouse Lending, which provides short-term lending solutions to finance first-lien residential mortgages held-for-sale by independent mortgage companies.

CB-Retail net income was $377 million for the second quarter of 2018, an increase of $53 million compared to the prior quarter. Segment net interest income increased $37 million due to higher funding spreads on deposits, average loan and deposit growth and an additional day in the current quarter, partially offset by lower credit spreads on loans. Noninterest income increased primarily due to higher service charges on deposits, checkcard fees, and bankcard fees and merchant discounts, partially offset by a decline in mortgage banking income. The allocated provision for credit losses decreased due to seasonally lower net charge-offs and a decline in incurred loss estimates, partially offset by loan growth.

CB-Retail average loans and leases held for investment increased $721 million, or 4.6 percent on an annualized basis, compared to the prior quarter primarily due to increases in residential mortgage and mortgage warehouse loans, partially offset by decreases in indirect and direct loans.

CB-Retail average total deposits increased $983 million, or 5.0 percent on an annualized basis, compared to the prior quarter. Average noninterest-bearing deposits increased $765 million, or 18.9 percent annualized, and average time deposits increased $168 million, or 6.2 percent annualized.

Community Banking Commercial ("CB-Commercial")

CB-Commercial serves large, medium and small business clients by offering a variety of loan and deposit products and by connecting clients to the combined organization’s broad array of financial services. CB-Commercial includes CRE lending, commercial and industrial lending, corporate banking, asset-based lending, dealer inventory financing, tax exempt financing, cash management and treasury services, and commercial deposit products.

CB-Commercial net income was $277 million for the second quarter of 2018, an increase of $7 million compared to the prior quarter. Segment net interest income increased primarily due to improved funding spreads and an additional day in the current quarter, partially offset by lower credit spreads on loans.

CB-Commercial average loans and leases held for investment increased $268 million, or 2.1 percent on an annualized basis, due to an increase in average commercial and industrial loans.

CB-Commercial average total deposits decreased $203 million, or 1.4 percent on an annualized basis. Compared to the prior quarter, average interest checking fell $510 million, or 22.6 percent annualized, partially offset by an increase in money market and savings of $347 million, or 9.4 percent annualized.

Financial Services and Commercial Finance ("FS&CF")

FS&CF provides personal trust administration, estate planning, investment counseling, wealth management, asset management, corporate retirement services, capital markets and corporate banking services, specialty finance and corporate trust services to individuals, corporations, institutions, foundations and government entities. In addition, the segment includes BB&T Securities, a full-service brokerage and investment banking firm, which offers clients a variety of investment services, including discount brokerage services, equities, annuities, mutual funds and government bonds. The Corporate Banking Division originates and services large corporate relationships, syndicated lending relationships and client derivatives while the specialty finance products offered by FS&CF include equipment finance, tax-exempt financing for local governments and special-purpose entities, and full-service commercial mortgage banking lending.

FS&CF net income was $145 million for the second quarter of 2018, up slightly compared to the prior quarter. Segment net interest income increased primarily due to average loan growth, higher spreads on loans and deposits, and an additional day in the current quarter. Noninterest expense increased primarily due to higher performance-based incentive expense and operating charge-offs.

FS&CF average total loans held for investment increased $292 million, or 4.4 percent on an annualized basis, compared to the prior quarter. The increase was primarily driven by higher loans held for investment for Corporate Banking, Grandbridge and BB&T Wealth of $134 million, $117 million and $41 million, respectively. FS&CF average total deposits were essentially flat compared to the prior quarter.

Insurance Holdings and Premium Finance ("IH&PF")

BB&T's insurance agency / brokerage network is the fifth largest in the world. IH&PF provides property and casualty, employee benefits and life insurance to businesses and individuals. It also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. In addition, IH&PF includes commercial and retail insurance premium finance.

IH&PF net income was $73 million for the second quarter of 2018, an increase of $11 million compared to the prior quarter. Noninterest income increased $45 million primarily due to seasonality. Noninterest expense increased $33 million primarily due to higher performance-based incentive expense and merger-related and restructuring charges.

Other, Treasury & Corporate ("OT&C")

Net income in OT&C can vary due to the changing needs of the Corporation, including the size of the investment portfolio, the need for wholesale funding and income received from derivatives used to hedge the balance sheet.

OT&C generated a net loss of $50 million for the second quarter of 2018, compared to a net loss of $9 million for the prior quarter. Segment net interest income decreased $37 million partially due to an increase in the rate for long-term debt. Noninterest income decreased $23 million due to a decline in other income for smaller sundry items. The allocated provision for credit losses decreased slightly partially due to a decline in the provision for PCI loans.

Second Quarter 2018 compared to Second Quarter 2017

Community Banking Retail and Consumer Finance

CB-Retail net income was $377 million for the second quarter of 2018, an increase of $98 million compared to the earlier quarter. Segment net interest income increased $31 million due to higher funding spreads on deposits, partially offset by lower credit spreads on loans. The allocated provision for credit losses decreased slightly due to a decline in net charge-offs primarily driven by the sale of mortgage TDRs in the earlier period, partially offset by accelerating loan growth in the current quarter. Noninterest expense decreased primarily due to declines in personnel expense, loan-related expense, and occupancy and equipment expense. The provision for income taxes decreased $43 million due to the lower federal tax rate compared to the earlier quarter.

Community Banking Commercial

CB-Commercial net income was $277 million for the second quarter of 2018, an increase of $100 million compared to the earlier quarter. Segment net interest income increased $20 million primarily driven by higher funding spreads and average loan growth, partially offset by lower credit spreads on loans. Noninterest expense decreased $66 million driven primarily by a decline in personnel expense due to a change in approach for allocating capitalized loan origination costs that was implemented in the third quarter of 2017, as well as lower allocated corporate expenses. The provision for income taxes decreased compared to the earlier quarter due to the lower federal tax rate.

Financial Services and Commercial Finance

FS&CF net income was $145 million for the second quarter of 2018, an increase of $11 million compared to the earlier quarter. Noninterest income increased slightly primarily due to higher commercial mortgage banking income. The allocated provision for credit losses increased due to higher incurred loss estimates and an increase in net charge-offs. Noninterest expense increased primarily due to higher personnel expense. The provision for income taxes decreased $25 million due to the lower federal tax rate.

Insurance Holdings and Premium Finance

IH&PF net income was $73 million for the second quarter of 2018, an increase of $13 million compared to the earlier quarter. Noninterest income and noninterest expense were essentially flat compared to the earlier quarter. The provision for income taxes decreased compared to the earlier quarter due to the lower federal tax rate.

Other, Treasury & Corporate

OT&C generated a net loss of $50 million in the second quarter of 2018, compared to net income of $24 million in the earlier quarter. Segment net interest income decreased $36 million primarily due to an increase in the rate and average balances for long-term debt. Noninterest expense increased $47 million primarily due to an increase in personnel expense resulting from a third quarter of 2017 change in approach for allocating capitalized loan origination costs.



CAPITAL RATIOS	2Q18		1Q18		4Q17		3Q17		2Q17
Risk-based:	(preliminary)
Common equity Tier 1	10.2	%	10.2	%	10.2	%	10.2	%	10.3	%
Tier 1	11.9		12.0		11.9		11.9		12.1
Total	13.9		14.0		13.9		14.0		14.1
Leverage	10.0		9.9		9.9		9.9		10.1

Capital levels remained strong at June 30, 2018. BB&T declared common dividends of $0.375 per share during the second quarter of 2018, which resulted in a dividend payout ratio of 37.5 percent. BB&T completed $310 million of share repurchases during the quarter. The total payout ratio for the second quarter of 2018 was 77.5 percent.

BB&T's modified liquidity coverage ratio was approximately 131 percent at June 30, 2018, compared to the regulatory minimum of 100 percent. In addition, the liquid asset buffer, which is defined as high quality unencumbered liquid assets as a percentage of total assets, was 14.3 percent at June 30, 2018.



ASSET QUALITY (1)
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17
Total nonperforming assets	$	624		$	669		$	627		$	680		$	690
Total performing TDRs	1,073			1,042			1,043			1,052			1,013
Total loans 90 days past due and still accruing	435			490			548			505			493
Total loans 30-89 days past due	905			814			1,052			987			874

Nonperforming loans and leases as a percentage of loans and leases held for investment	0.38		%	0.42		%	0.40		%	0.42		%	0.43		%
Nonperforming assets as a percentage of total assets	0.28			0.30			0.28			0.31			0.31
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.05			1.05			1.04			1.04			1.03
Net charge-offs as a percentage of average loans and leases, annualized	0.30			0.41			0.36			0.35			0.37
Ratio of allowance for loan and lease losses to net charge-offs, annualized	3.49x			2.55x			2.89x			2.93x			2.80x
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.74x			2.49x			2.62x			2.44x			2.43x

Includes amounts related to government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. See footnotes on the Credit Quality pages of the Quarterly Performance Summary for additional information.

Nonperforming assets totaled $624 million at June 30, 2018, down $45 million compared to March 31, 2018. Nonperforming loans and leases represented 0.38 percent of loans and leases held for investment, a four basis point decrease compared to March 31, 2018. The decrease in nonperforming assets was across all major loan categories.

Performing TDRs were up $31 million during the second quarter primarily in residential mortgage with small increases in indirect lending and commercial and industrial.

Loans 90 days or more past due and still accruing totaled $435 million at June 30, 2018, down $55 million compared to the prior quarter, primarily due to a decrease in residential mortgage loans. The ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.30 percent at June 30, 2018, compared to 0.34 percent for the prior quarter. Excluding government guaranteed and PCI loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.04 percent at June 30, 2018, unchanged from the prior quarter.

Loans 30-89 days past due and still accruing totaled $905 million at June 30, 2018, up $91 million compared to the prior quarter. The increase was primarily due to residential mortgage and expected seasonality in indirect lending.

Net charge-offs during the second quarter totaled $109 million, down $36 million compared to the prior quarter driven by indirect and CRE loans. As a percentage of average loans and leases, annualized net charge-offs were 0.30 percent, down 11 basis points compared to the prior quarter.

The allowance for loan and lease losses, excluding the allowance for PCI loans, was $1.5 billion, up $39 million compared to the prior quarter. As of June 30, 2018, the total allowance for loan and lease losses was 1.05 percent of loans and leases held for investment, unchanged compared to March 31, 2018.

The allowance for loan and lease losses was 2.74 times nonperforming loans and leases held for investment, compared to 2.49 times at March 31, 2018. At June 30, 2018, the allowance for loan and lease losses was 3.49 times annualized net charge-offs, compared to 2.55 times at March 31, 2018. The improvement in these measures were driven by lower nonperforming loans and net charge-offs in the current quarter.

Earnings Presentation and Quarterly Performance Summary

To listen to BB&T's live second quarter 2018 earnings conference call at 8 a.m. ET today, please call 866-519-2796 and enter the participant code 876127. A presentation will be used during the earnings conference call and is available on our website at https://bbt.investorroom.com/webcasts-and-presentations. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 6326592).

The presentation, including an appendix reconciling non-GAAP disclosures, is available at https://bbt.investorroom.com/webcasts-and-presentations. BB&T's Second Quarter 2018 Quarterly Performance Summary, which contains detailed financial schedules, is available on BB&T's website at https://bbt.investorroom.com/quarterly-earnings.

BB&T is one of the largest financial services holding companies in the U.S. with $222.7 billion in assets and market capitalization of approximately $39.1 billion as of June 30, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,900 financial centers in 15 states and Washington, D.C. and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

Capital ratios are preliminary.

This news release 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 Corporation 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 news release:



=	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 BB&T's Second Quarter 2018 Quarterly Performance Summary, which is available at https://bbt.investorroom.com/quarterly-earnings.

This news release 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, 2017 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, slower deposit and/or asset growth, and 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 and deposits as well as the value of other financial assets and liabilities;
=	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 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.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Actual results may differ materially from those expressed in or implied by any forward-looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

Quarterly Performance Summary



Table of Contents
Quarterly Performance Summary
BB&T Corporation




		Page
Financial Highlights		1
Financial Highlights - Five Quarter Trend		2
Consolidated Statements of Income		3
Consolidated Statements of Income - Five Quarter Trend		4
Segment Financial Performance - Five Quarter Trend		5
Consolidated Ending Balance Sheets - Five Quarter Trend		6
Average Balance Sheets		7
Average Balance Sheets - Five Quarter Trend		8
Average Balances and Rates - Quarters		9
Average Balances and Rates - Year-To-Date		11
Credit Quality		12
Capital Information - Five Quarter Trend		15
Selected Items, Selected Mortgage Banking Information & Additional Information		16
Non-GAAP Reconciliations		17



Financial Highlights
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)	Quarter Ended								Year-to-Date
	June 30						%		June 30						%
	2018			2017			Change		2018			2017			Change
Summary Income Statement
Interest income	$	2,016		$	1,864		8.2	%	$	3,960		$	3,679		7.6	%
Interest expense	337			189			78.3		625			355			76.1
Net interest income - taxable equivalent	1,679			1,675			0.2		3,335			3,324			0.3
Less: Taxable-equivalent adjustment	22			40			(45.0	)	45			80			(43.8	)
Net interest income	1,657			1,635			1.3		3,290			3,244			1.4
Provision for credit losses	135			135			—		285			283			0.7
Net interest income after provision for credit losses	1,522			1,500			1.5		3,005			2,961			1.5
Noninterest income	1,222			1,220			0.2		2,402			2,391			0.5
Noninterest expense	1,720			1,742			(1.3	)	3,406			3,844			(11.4	)
Income before income taxes	1,024			978			4.7		2,001			1,508			32.7
Provision for income taxes	202			304			(33.6	)	388			408			(4.9	)
Net income	822			674			22.0		1,613			1,100			46.6
Noncontrolling interests	3			(1		)	NM		6			4			50.0
Preferred stock dividends	44			44			—		87			87			—
Net income available to common shareholders	775			631			22.8		1,520			1,009			50.6
Per Common Share Data
Earnings per share-basic	$	1.00		$	0.78		28.2	%	$	1.95		$	1.25		56.0	%
Earnings per share-diluted	0.99			0.77			28.6		1.93			1.23			56.9
Cash dividends declared	0.375			0.300			25.0		0.75			0.60			25.0
Common equity	34.51			33.73			2.3		34.51			33.73			2.3
Tangible common equity (1)	21.26			20.86			1.9		21.26			20.86			1.9
End of period shares outstanding	774,447			808,093			(4.2	)	774,447			808,093			(4.2	)
Weighted average shares outstanding-basic	775,836			808,980			(4.1	)	777,716			809,439			(3.9	)
Weighted average shares outstanding-diluted	785,750			819,389			(4.1	)	788,362			821,072			(4.0	)
Performance Ratios
Return on average assets	1.49		%	1.22		%			1.47		%	1.01		%
Return on average risk-weighted assets	1.85			1.53					1.83			1.26
Return on average common shareholders' equity	11.74			9.30					11.59			7.53
Return on average tangible common shareholders' equity (2)	19.78			15.60					19.57			12.85
Net interest margin - taxable equivalent	3.45			3.47					3.45			3.47
Fee income ratio	42.5			42.7					42.2			42.4
Efficiency ratio-GAAP	59.7			61.0					59.8			68.2
Efficiency ratio-adjusted (2)	57.4			58.6					57.4			58.3
Credit Quality
Nonperforming assets as a percentage of:
Assets	0.28		%	0.31		%			0.28		%	0.31		%
Loans and leases plus foreclosed property	0.43			0.48					0.43			0.48
Net charge-offs as a percentage of average loans and leases	0.30			0.37					0.36			0.40
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.05			1.03					1.05			1.03
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.74x			2.43x					2.74x			2.43x
Average Balances
Assets	$	221,344		$	221,018		0.1	%	$	221,381		$	220,493		0.4	%
Securities (3)	47,145			45,410			3.8		47,756			45,010			6.1
Loans and leases	145,752			144,327			1.0		144,834			144,014			0.6
Deposits	157,676			160,263			(1.6	)	157,409			160,820			(2.1	)
Common shareholders' equity	26,483			27,208			(2.7	)	26,455			27,008			(2.0	)
Shareholders' equity	29,585			30,302			(2.4	)	29,556			30,104			(1.8	)
Period-End Balances
Assets	$	222,681		$	221,192		0.7	%	$	222,681		$	221,192		0.7	%
Securities (3)	45,668			45,283			0.9		45,668			45,283			0.9
Loans and leases	147,798			145,116			1.8		147,798			145,116			1.8
Deposits	159,475			156,968			1.6		159,475			156,968			1.6
Common shareholders' equity	26,727			27,254			(1.9	)	26,727			27,254			(1.9	)
Shareholders' equity	29,832			30,349			(1.7	)	29,832			30,349			(1.7	)
Capital Ratios (current quarter is preliminary)
Risk-based:
Common equity Tier 1	10.2		%	10.3		%			10.2		%	10.3		%
Tier 1	11.9			12.1					11.9			12.1
Total	13.9			14.1					13.9			14.1
Leverage	10.0			10.1					10.0			10.1
Applicable ratios are annualized.
NM - not meaningful
(1) Represents a non-GAAP measure. See the calculations and management's reasons for using this measure in the Preliminary Capital Information - Five Quarter Trend section of this supplement.
(2) Represents a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3) Includes AFS and HTM securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.



Financial Highlights - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Summary Income Statement
Interest income	$	2,016		$	1,944		$	1,936		$	1,918		$	1,864
Interest expense	337			288			254			230			189
Net interest income - taxable equivalent	1,679			1,656			1,682			1,688			1,675
Less: Taxable-equivalent adjustment	22			23			38			41			40
Net interest income	1,657			1,633			1,644			1,647			1,635
Provision for credit losses	135			150			138			126			135
Net interest income after provision for credit losses	1,522			1,483			1,506			1,521			1,500
Noninterest income	1,222			1,180			1,225			1,166			1,220
Noninterest expense	1,720			1,686			1,855			1,745			1,742
Income before income taxes	1,024			977			876			942			978
Provision for income taxes	202			186			209			294			304
Net income	822			791			667			648			674
Noncontrolling interests	3			3			9			8			(1		)
Preferred stock dividends	44			43			44			43			44
Net income available to common shareholders	775			745			614			597			631
Per Common Share Data
Earnings per share-basic	$	1.00		$	0.96		$	0.78		$	0.75		$	0.78
Earnings per share-diluted	0.99			0.94			0.77			0.74			0.77
Cash dividends declared	0.375			0.375			0.330			0.330			0.300
Common equity	34.51			34.06			34.01			33.92			33.73
Tangible common equity (1)	21.26			20.86			20.80			20.78			20.86
End of period shares outstanding	774,447			779,752			782,006			788,921			808,093
Weighted average shares outstanding-basic	775,836			779,617			783,764			794,558			808,980
Weighted average shares outstanding-diluted	785,750			791,005			795,867			806,124			819,389
Performance Ratios
Return on average assets	1.49		%	1.45		%	1.19		%	1.16		%	1.22		%
Return on average risk-weighted assets	1.85			1.81			1.50			1.45			1.53
Return on average common shareholders' equity	11.74			11.43			9.10			8.82			9.30
Return on average tangible common shareholders' equity (2)	19.78			19.36			15.35			14.89			15.60
Net interest margin - taxable equivalent	3.45			3.44			3.43			3.48			3.47
Fee income ratio	42.5			41.9			42.7			41.4			42.7
Efficiency ratio-GAAP	59.7			60.0			64.7			62.0			61.0
Efficiency ratio-adjusted (2)	57.4			57.3			57.2			58.3			58.6
Credit Quality
Nonperforming assets as a percentage of:
Assets	0.28		%	0.30		%	0.28		%	0.31		%	0.31		%
Loans and leases plus foreclosed property	0.43			0.47			0.44			0.48			0.48
Net charge-offs as a percentage of average loans and leases	0.30			0.41			0.36			0.35			0.37
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.05			1.05			1.04			1.04			1.03
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.74x			2.49x			2.62x			2.44x			2.43x
Average Balances
Assets	$	221,344		$	221,419		$	222,525		$	220,732		$	221,018
Securities (3)	47,145			48,374			48,093			45,968			45,410
Loans and leases	145,752			143,906			144,089			144,181			144,327
Deposits	157,676			157,138			157,959			157,414			160,263
Common shareholders' equity	26,483			26,428			26,759			26,857			27,208
Shareholders' equity	29,585			29,528			29,853			29,948			30,302
Period-End Balances
Assets	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192
Securities (3)	45,668			47,407			47,574			46,631			45,283
Loans and leases	147,798			144,206			144,800			144,011			145,116
Deposits	159,475			158,196			157,371			156,135			156,968
Common shareholders' equity	26,727			26,559			26,595			26,757			27,254
Shareholders' equity	29,832			29,662			29,695			29,853			30,349
Capital Ratios (current quarter is preliminary)
Risk-based:
Common equity Tier 1	10.2		%	10.2		%	10.2		%	10.2		%	10.3		%
Tier 1	11.9			12.0			11.9			11.9			12.1
Total	13.9			14.0			13.9			14.0			14.1
Leverage	10.0			9.9			9.9			9.9			10.1
Applicable ratios are annualized.
(1) Represents a non-GAAP measure. See the calculations and management's reasons for using this measure in the Preliminary Capital Information - Five Quarter Trend section of this supplement.
(2) Represents a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3) Includes AFS and HTM securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.



Consolidated Statements of Income
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended										Year-to-Date
	June 30					Change					June 30				Change
	2018		2017			$			%		2018		2017		$			%
Interest Income
Interest and fees on loans and leases	$	1,687	$	1,540		$	147		9.5	%	$	3,292	$	3,041	$	251		8.3	%
Interest and dividends on securities	294		272			22			8.1		585		530		55			10.4
Interest on other earning assets	13		12			1			8.3		38		28		10			35.7
Total interest income	1,994		1,824			170			9.3		3,915		3,599		316			8.8
Interest Expense
Interest on deposits	148		80			68			85.0		266		149		117			78.5
Interest on short-term borrowings	23		5			18			NM		43		7		36			NM
Interest on long-term debt	166		104			62			59.6		316		199		117			58.8
Total interest expense	337		189			148			78.3		625		355		270			76.1
Net Interest Income	1,657		1,635			22			1.3		3,290		3,244		46			1.4
Provision for credit losses	135		135			—			—		285		283		2			0.7
Net Interest Income After Provision for Credit Losses	1,522		1,500			22			1.5		3,005		2,961		44			1.5
Noninterest Income
Insurance income	481		481			—			—		917		939		(22		)	(2.3	)
Service charges on deposits	179		176			3			1.7		344		344		—			—
Mortgage banking income	94		94			—			—		193		197		(4		)	(2.0	)
Investment banking and brokerage fees and commissions	109		105			4			3.8		222		196		26			13.3
Trust and investment advisory revenues	72		70			2			2.9		144		138		6			4.3
Bankcard fees and merchant discounts	72		75			(3		)	(4.0	)	141		134		7			5.2
Checkcard fees	57		54			3			5.6		109		105		4			3.8
Operating lease income	36		37			(1		)	(2.7	)	73		73		—			—
Income from bank-owned life insurance	30		32			(2		)	(6.3	)	61		61		—			—
Securities gains (losses), net	1		—			1			NM		1		—		1			NM
Other income	91		96			(5		)	(5.2	)	197		204		(7		)	(3.4	)
Total noninterest income	1,222		1,220			2			0.2		2,402		2,391		11			0.5
Noninterest Expense
Personnel expense	1,074		1,068			6			0.6		2,113		2,103		10			0.5
Occupancy and equipment expense	187		198			(11		)	(5.6	)	381		391		(10		)	(2.6	)
Software expense	67		57			10			17.5		132		115		17			14.8
Outside IT services	32		39			(7		)	(17.9	)	64		88		(24		)	(27.3	)
Regulatory charges	39		36			3			8.3		79		75		4			5.3
Amortization of intangibles	31		36			(5		)	(13.9	)	64		74		(10		)	(13.5	)
Loan-related expense	26		36			(10		)	(27.8	)	55		66		(11		)	(16.7	)
Professional services	32		38			(6		)	(15.8	)	62		60		2			3.3
Merger-related and restructuring charges, net	24		10			14			140.0		52		46		6			13.0
Loss (gain) on early extinguishment of debt	—		—			—			—		—		392		(392		)	(100.0	)
Other expense	208		224			(16		)	(7.1	)	404		434		(30		)	(6.9	)
Total noninterest expense	1,720		1,742			(22		)	(1.3	)	3,406		3,844		(438		)	(11.4	)
Earnings
Income before income taxes	1,024		978			46			4.7		2,001		1,508		493			32.7
Provision for income taxes	202		304			(102		)	(33.6	)	388		408		(20		)	(4.9	)
Net income	822		674			148			22.0		1,613		1,100		513			46.6
Noncontrolling interests	3		(1		)	4			NM		6		4		2			50.0
Preferred stock dividends	44		44			—			—		87		87		—			—
Net income available to common shareholders	$	775	$	631		$	144		22.8	%	$	1,520	$	1,009	$	511		50.6	%
Earnings Per Common Share
Basic	$	1.00	$	0.78		$	0.22		28.2	%	$	1.95	$	1.25	$	0.70		56.0	%
Diluted	0.99		0.77			0.22			28.6		1.93		1.23		0.70			56.9
Weighted Average Shares Outstanding
Basic	775,836		808,980			(33,144		)	(4.1	)	777,716		809,439		(31,723)			(3.9	)
Diluted	785,750		819,389			(33,639		)	(4.1	)	788,362		821,072		(32,710)			(4.0	)
New pension accounting guidance was adopted in 1Q18 such that only service cost is included in personnel expense with the other pension expense elements included in other expense. Prior periods have been retrospectively adjusted to conform to the new presentation and total noninterest expense was not affected.
NM - not meaningful



Consolidated Statements of Income - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended
	June 30		March 31		Dec. 31			Sept. 30		June 30
	2018		2018		2017			2017		2017
Interest Income
Interest and fees on loans and leases	$	1,687	$	1,605	$	1,598		$	1,591	$	1,540
Interest and dividends on securities	294		291		286			276		272
Interest on other earning assets	13		25		14			10		12
Total interest income	1,994		1,921		1,898			1,877		1,824
Interest Expense
Interest on deposits	148		118		104			91		80
Interest on short-term borrowings	23		20		19			15		5
Interest on long-term debt	166		150		131			124		104
Total interest expense	337		288		254			230		189
Net Interest Income	1,657		1,633		1,644			1,647		1,635
Provision for credit losses	135		150		138			126		135
Net Interest Income After Provision for Credit Losses	1,522		1,483		1,506			1,521		1,500
Noninterest Income
Insurance income	481		436		418			397		481
Service charges on deposits	179		165		183			179		176
Mortgage banking income	94		99		104			114		94
Investment banking and brokerage fees and commissions	109		113		111			103		105
Trust and investment advisory revenues	72		72		72			68		70
Bankcard fees and merchant discounts	72		69		67			70		75
Checkcard fees	57		52		55			54		54
Operating lease income	36		37		37			36		37
Income from bank-owned life insurance	30		31		33			28		32
Securities gains (losses), net	1		—		(1		)	—		—
Other income	91		106		146			117		96
Total noninterest income	1,222		1,180		1,225			1,166		1,220
Noninterest Expense
Personnel expense	1,074		1,039		1,072			1,051		1,068
Occupancy and equipment expense	187		194		195			198		198
Software expense	67		65		65			62		57
Outside IT services	32		32		38			34		39
Regulatory charges	39		40		38			40		36
Amortization of intangibles	31		33		34			34		36
Loan-related expense	26		29		32			32		36
Professional services	32		30		36			27		38
Merger-related and restructuring charges, net	24		28		22			47		10
Loss (gain) on early extinguishment of debt	—		—		—			—		—
Other expense	208		196		323			220		224
Total noninterest expense	1,720		1,686		1,855			1,745		1,742
Earnings
Income before income taxes	1,024		977		876			942		978
Provision for income taxes	202		186		209			294		304
Net income	822		791		667			648		674
Noncontrolling interests	3		3		9			8		(1		)
Preferred stock dividends	44		43		44			43		44
Net income available to common shareholders	$	775	$	745	$	614		$	597	$	631
Earnings Per Common Share
Basic	$	1.00	$	0.96	$	0.78		$	0.75	$	0.78
Diluted	0.99		0.94		0.77			0.74		0.77
Weighted Average Shares Outstanding
Basic	775,836		779,617		783,764			794,558		808,980
Diluted	785,750		791,005		795,867			806,124		819,389
New pension accounting guidance was adopted in 1Q18 such that only service cost is included in personnel expense with the other pension expense elements included in other expense. Prior periods have been retrospectively adjusted to conform to the new presentation and total noninterest expense was not affected.



Segment Financial Performance - Preliminary
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Community Banking Retail and Consumer Finance
Net interest income (expense)	$	853		$	837		$	857		$	863		$	853
Net intersegment interest income (expense)	70			49			38			38			39
Segment net interest income	923			886			895			901			892
Allocated provision for credit losses	110			122			138			116			118
Noninterest income	354			339			358			362			353
Noninterest expense	667			673			695			675			682
Income (loss) before income taxes	500			430			420			472			445
Provision (benefit) for income taxes	123			106			157			176			166
Segment net income (loss)	$	377		$	324		$	263		$	296		$	279

Community Banking Commercial
Net interest income (expense)	$	491		$	464		$	453		$	451		$	430
Net intersegment interest income (expense)	54			70			93			90			95
Segment net interest income	545			534			546			541			525
Allocated provision for credit losses	42			37			19			—			46
Noninterest income	108			105			105			107			109
Noninterest expense	254			254			273			295			320
Income (loss) before income taxes	357			348			359			353			268
Provision (benefit) for income taxes	80			78			125			123			91
Segment net income (loss)	$	277		$	270		$	234		$	230		$	177

Financial Services and Commercial Finance
Net interest income (expense)	$	169		$	159		$	154		$	154		$	145
Net intersegment interest income (expense)	19			18			25			24			38
Segment net interest income	188			177			179			178			183
Allocated provision for credit losses	(4		)	(5		)	(13		)	9			(17		)
Noninterest income	303			301			315			289			297
Noninterest expense	312			301			307			296			300
Income (loss) before income taxes	183			182			200			162			197
Provision (benefit) for income taxes	38			38			64			50			63
Segment net income (loss)	$	145		$	144		$	136		$	112		$	134

Insurance Holdings and Premium Finance
Net interest income (expense)	$	29		$	26		$	25		$	25		$	25
Net intersegment interest income (expense)	(7		)	(6		)	(6		)	(6		)	(5		)
Segment net interest income	22			20			19			19			20
Allocated provision for credit losses	—			1			—			1			1
Noninterest income	484			439			428			401			485
Noninterest expense	408			375			393			389			408
Income (loss) before income taxes	98			83			54			30			96
Provision (benefit) for income taxes	25			21			21			12			36
Segment net income (loss)	$	73		$	62		$	33		$	18		$	60

Other, Treasury & Corporate (1)
Net interest income (expense)	$	115		$	147		$	155		$	154		$	182
Net intersegment interest income (expense)	(136		)	(131		)	(150		)	(146		)	(167		)
Segment net interest income	(21		)	16			5			8			15
Allocated provision for credit losses	(13		)	(5		)	(6		)	—			(13		)
Noninterest income	(27		)	(4		)	19			7			(24		)
Noninterest expense	79			83			187			90			32
Income (loss) before income taxes	(114		)	(66		)	(157		)	(75		)	(28		)
Provision (benefit) for income taxes	(64		)	(57		)	(158		)	(67		)	(52		)
Segment net income (loss)	$	(50	)	$	(9	)	$	1		$	(8	)	$	24

Total BB&T Corporation
Net interest income (expense)	$	1,657		$	1,633		$	1,644		$	1,647		$	1,635
Net intersegment interest income (expense)	—			—			—			—			—
Segment net interest income	1,657			1,633			1,644			1,647			1,635
Allocated provision for credit losses	135			150			138			126			135
Noninterest income	1,222			1,180			1,225			1,166			1,220
Noninterest expense	1,720			1,686			1,855			1,745			1,742
Income (loss) before income taxes	1,024			977			876			942			978
Provision (benefit) for income taxes	202			186			209			294			304
Net income	$	822		$	791		$	667		$	648		$	674
(1) Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.



Consolidated Ending Balance Sheets - Five Quarter Trend
BB&T Corporation
(Dollars in millions)

	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Assets
Cash and due from banks	$	2,046		$	1,869		$	2,243		$	2,195		$	2,201
Interest-bearing deposits with banks	662			912			343			428			671
Cash equivalents	213			132			127			75			137
Restricted cash	132			198			370			429			419
Securities available for sale at fair value	23,919			25,017			24,547			23,184			26,899
Securities held to maturity at amortized cost	21,749			22,390			23,027			23,447			18,384
Loans and leases:
Commercial:
Commercial and industrial	60,474			59,132			59,153			58,550			59,085
CRE	21,610			21,497			21,263			20,855			20,279
Lease financing	1,924			1,886			1,911			1,887			1,724
Retail:
Residential mortgage	29,965			28,792			28,725			28,657			29,217
Direct	11,661			11,675			11,891			11,941			12,001
Indirect	17,140			16,680			17,235			17,496			17,929
Revolving credit	2,876			2,766			2,872			2,697			2,630
PCI	533			589			651			711			780
Total loans and leases held for investment	146,183			143,017			143,701			142,794			143,645
Loans held for sale	1,615			1,189			1,099			1,217			1,471
Total loans and leases	147,798			144,206			144,800			144,011			145,116
Allowance for loan and lease losses	(1,530		)	(1,498		)	(1,490		)	(1,478		)	(1,485		)
Premises and equipment	2,154			2,078			2,055			2,043			2,084
Goodwill	9,617			9,617			9,618			9,618			9,618
Core deposit and other intangible assets	647			679			711			745			782
Mortgage servicing rights at fair value	1,143			1,119			1,056			1,044			1,052
Other assets	14,131			14,010			14,235			14,599			15,314
Total assets	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192
Liabilities
Deposits:
Noninterest-bearing deposits	$	54,270		$	55,085		$	53,767		$	54,049		$	53,343
Interest checking	27,257			27,217			27,677			26,575			27,966
Money market and savings	63,167			62,169			62,757			60,904			61,671
Time deposits	14,781			13,725			13,170			14,607			13,988
Total deposits	159,475			158,196			157,371			156,135			156,968
Short-term borrowings	3,576			4,321			4,938			7,916			6,142
Long-term debt	24,081			23,410			23,648			20,863			21,738
Accounts payable and other liabilities	5,717			5,140			5,990			5,573			5,995
Total liabilities	192,849			191,067			191,947			190,487			190,843
Shareholders' Equity:
Preferred stock	3,053			3,053			3,053			3,053			3,053
Common stock	3,872			3,899			3,910			3,945			4,040
Additional paid-in capital	7,364			7,593			7,893			8,192			8,966
Retained earnings	17,197			16,712			16,259			15,656			15,321
Accumulated other comprehensive loss	(1,706		)	(1,645		)	(1,467		)	(1,036		)	(1,073		)
Noncontrolling interests	52			50			47			43			42
Total shareholders' equity	29,832			29,662			29,695			29,853			30,349
Total liabilities and shareholders' equity	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192



Average Balance Sheets
BB&T Corporation
(Dollars in millions)
	Quarter Ended									Year-to-Date
	June 30				Change					June 30				Change
	2018		2017		$			%		2018		2017		$			%
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,537	$	4,761	$	(1,224	)	(25.7	)%	$	3,538	$	4,746	$	(1,208	)	(25.5	)%
U.S. government-sponsored entities (GSE)	2,384		2,386		(2		)	(0.1	)	2,384		2,385		(1		)	—
Mortgage-backed securities issued by GSE	39,777		35,911		3,866			10.8		40,292		35,412		4,880			13.8
States and political subdivisions	1,051		1,879		(828		)	(44.1	)	1,133		1,985		(852		)	(42.9	)
Non-agency mortgage-backed	354		416		(62		)	(14.9	)	364		424		(60		)	(14.2	)
Other	42		57		(15		)	(26.3	)	45		58		(13		)	(22.4	)
Total securities	47,145		45,410		1,735			3.8		47,756		45,010		2,746			6.1
Other earning assets	2,197		3,649		(1,452		)	(39.8	)	2,223		3,953		(1,730		)	(43.8	)
Loans and leases:
Commercial:
Commercial and industrial	59,548		58,150		1,398			2.4		59,090		57,639		1,451			2.5
CRE	21,546		20,304		1,242			6.1		21,472		20,100		1,372			6.8
Lease financing	1,862		1,664		198			11.9		1,867		1,658		209			12.6
Retail:
Residential mortgage	29,272		29,392		(120		)	(0.4	)	29,049		29,546		(497		)	(1.7	)
Direct	11,680		12,000		(320		)	(2.7	)	11,735		12,007		(272		)	(2.3	)
Indirect	16,804		18,127		(1,323		)	(7.3	)	16,859		18,132		(1,273		)	(7.0	)
Revolving credit	2,831		2,612		219			8.4		2,815		2,610		205			7.9
PCI	559		825		(266		)	(32.2	)	595		854		(259		)	(30.3	)
Total loans and leases held for investment	144,102		143,074		1,028			0.7		143,482		142,546		936			0.7
Loans held for sale	1,650		1,253		397			31.7		1,352		1,468		(116		)	(7.9	)
Total loans and leases	145,752		144,327		1,425			1.0		144,834		144,014		820			0.6
Total earning assets	195,094		193,386		1,708			0.9		194,813		192,977		1,836			1.0
Nonearning assets	26,250		27,632		(1,382		)	(5.0	)	26,568		27,516		(948		)	(3.4	)
Total assets	$	221,344	$	221,018	$	326		0.1	%	$	221,381	$	220,493	$	888		0.4	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	53,963	$	52,573	$	1,390		2.6	%	$	53,681	$	51,838	$	1,843		3.6	%
Interest checking	26,969		28,849		(1,880		)	(6.5	)	27,119		29,211		(2,092		)	(7.2	)
Money market and savings	62,105		64,294		(2,189		)	(3.4	)	61,899		64,574		(2,675		)	(4.1	)
Time deposits	13,966		14,088		(122		)	(0.9	)	13,907		14,504		(597		)	(4.1	)
Foreign office deposits - interest-bearing	673		459		214			46.6		803		693		110			15.9
Total deposits	157,676		160,263		(2,587		)	(1.6	)	157,409		160,820		(3,411		)	(2.1	)
Short-term borrowings	5,323		2,748		2,575			93.7		5,399		2,428		2,971			122.4
Long-term debt	23,639		21,767		1,872			8.6		23,658		21,264		2,394			11.3
Accounts payable and other liabilities	5,121		5,938		(817		)	(13.8	)	5,359		5,877		(518		)	(8.8	)
Total liabilities	191,759		190,716		1,043			0.5		191,825		190,389		1,436			0.8
Shareholders' equity	29,585		30,302		(717		)	(2.4	)	29,556		30,104		(548		)	(1.8	)
Total liabilities and shareholders' equity	$	221,344	$	221,018	$	326		0.1	%	$	221,381	$	220,493	$	888		0.4	%
Average balances exclude basis adjustments for fair value hedges.
(1) Includes AFS and HTM securities.



Average Balance Sheets - Five Quarter Trend
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,537	$	3,538	$	3,447	$	3,794	$	4,761
U.S. government-sponsored entities (GSE)	2,384		2,385		2,385		2,385		2,386
Mortgage-backed securities issued by GSE	39,777		40,813		40,381		37,734		35,911
States and political subdivisions	1,051		1,215		1,435		1,596		1,879
Non-agency mortgage-backed	354		375		391		405		416
Other	42		48		54		54		57
Total securities	47,145		48,374		48,093		45,968		45,410
Other earning assets	2,197		2,250		3,123		2,924		3,649
Loans and leases:
Commercial:
Commercial and industrial	59,548		58,627		58,478		58,211		58,150
CRE	21,546		21,398		20,998		20,776		20,304
Lease financing	1,862		1,872		1,851		1,732		1,664
Retail:
Residential mortgage	29,272		28,824		28,559		28,924		29,392
Direct	11,680		11,791		11,901		11,960		12,000
Indirect	16,804		16,914		17,426		17,678		18,127
Revolving credit	2,831		2,798		2,759		2,668		2,612
PCI	559		631		689		742		825
Total loans and leases held for investment	144,102		142,855		142,661		142,691		143,074
Loans held for sale	1,650		1,051		1,428		1,490		1,253
Total loans and leases	145,752		143,906		144,089		144,181		144,327
Total earning assets	195,094		194,530		195,305		193,073		193,386
Nonearning assets	26,250		26,889		27,220		27,659		27,632
Total assets	$	221,344	$	221,419	$	222,525	$	220,732	$	221,018
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	53,963	$	53,396	$	54,288	$	53,489	$	52,573
Interest checking	26,969		27,270		26,746		27,000		28,849
Money market and savings	62,105		61,690		61,693		61,450		64,294
Time deposits	13,966		13,847		13,744		13,794		14,088
Foreign office deposits - interest-bearing	673		935		1,488		1,681		459
Total deposits	157,676		157,138		157,959		157,414		160,263
Short-term borrowings	5,323		5,477		6,342		5,983		2,748
Long-term debt	23,639		23,677		22,639		21,459		21,767
Accounts payable and other liabilities	5,121		5,599		5,732		5,928		5,938
Total liabilities	191,759		191,891		192,672		190,784		190,716
Shareholders' equity	29,585		29,528		29,853		29,948		30,302
Total liabilities and shareholders' equity	$	221,344	$	221,419	$	222,525	$	220,732	$	221,018
Average balances exclude basis adjustments for fair value hedges.
(1) Includes AFS and HTM securities.



Average Balances and Rates - Quarters
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30, 2018						March 31, 2018
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,537	$	17	1.80	%	$	3,538	$	15	1.77	%
U.S. government-sponsored entities (GSE)	2,384		14		2.23		2,385		13		2.23
Mortgage-backed securities issued by GSE	39,777		241		2.44		40,813		248		2.42
States and political subdivisions	1,051		8		3.79		1,215		11		3.78
Non-agency mortgage-backed	354		17		17.35		375		7		7.73
Other	42		—		3.26		48		—		2.28
Total securities	47,145		297		2.53		48,374		294		2.44
Other earning assets	2,197		13		2.24		2,250		25		4.54
Loans and leases:
Commercial:
Commercial and industrial	59,548		580		3.92		58,627		537		3.72
CRE	21,546		246		4.64		21,398		234		4.47
Lease financing	1,862		12		3.05		1,872		14		3.00
Retail:
Residential mortgage	29,272		291		4.01		28,824		289		4.00
Direct	11,680		150		5.10		11,791		141		4.90
Indirect	16,804		311		7.46		16,914		304		7.31
Revolving credit	2,831		73		9.16		2,798		67		8.94
PCI	559		26		18.92		631		30		19.21
Total loans and leases held for investment	144,102		1,689		4.70		142,855		1,616		4.57
Loans held for sale	1,650		17		4.02		1,051		9		3.66
Total loans and leases	145,752		1,706		4.70		143,906		1,625		4.57
Total earning assets	195,094		2,016		4.14		194,530		1,944		4.04
Nonearning assets	26,250						26,889
Total assets	$	221,344					$	221,419
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	26,969	29		0.42		$	27,270	25		0.37
Money market and savings	62,105		86		0.56		61,690		67		0.44
Time deposits	13,966		30		0.86		13,847		23		0.68
Foreign office deposits - interest-bearing	673		3		1.77		935		3		1.42
Total interest-bearing deposits	103,713		148		0.57		103,742		118		0.46
Short-term borrowings	5,323		23		1.77		5,477		20		1.43
Long-term debt	23,639		166		2.81		23,677		150		2.54
Total interest-bearing liabilities	132,675		337		1.02		132,896		288		0.87
Noninterest-bearing deposits	53,963						53,396
Accounts payable and other liabilities	5,121						5,599
Shareholders' equity	29,585						29,528
Total liabilities and shareholders' equity	$	221,344					$	221,419
Average interest-rate spread					3.12						3.17

Net interest income/ net interest margin			$	1,679	3.45	%			$	1,656	3.44	%
Taxable-equivalent adjustment			$	22					$	23
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.



Average Balances and Rates - Quarters
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	December 31, 2017						September 30, 2017						June 30, 2017
	(1)		Interest		(2)		(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,447	$	15	1.71	%	$	3,794	$	16	1.68	%	$	4,761	$	21	1.73	%
U.S. government-sponsored entities (GSE)	2,385		13		2.22		2,385		13		2.22		2,386		14		2.22
Mortgage-backed securities issued by GSE	40,381		238		2.36		37,734		216		2.29		35,911		198		2.21
States and political subdivisions	1,435		11		3.23		1,596		20		5.07		1,879		25		5.29
Non-agency mortgage-backed	391		13		13.27		405		19		18.58		416		25		24.16
Other	54		—		2.34		54		1		2.26		57		—		2.22
Total securities	48,093		290		2.42		45,968		285		2.47		45,410		283		2.49
Other earning assets	3,123		15		1.91		2,924		11		1.42		3,649		11		1.36
Loans and leases:
Commercial:
Commercial and industrial	58,478		539		3.65		58,211		531		3.63		58,150		518		3.57
CRE	20,998		229		4.33		20,776		229		4.37		20,304		196		3.87
Lease financing	1,851		13		2.82		1,732		12		2.71		1,664		12		2.91
Retail:
Residential mortgage	28,559		286		4.00		28,924		292		4.04		29,392		295		4.01
Direct	11,901		143		4.78		11,960		143		4.73		12,000		135		4.55
Indirect	17,426		309		7.05		17,678		310		6.95		18,127		309		6.83
Revolving credit	2,759		62		9.01		2,668		60		8.92		2,612		57		8.78
PCI	689		36		20.69		742		32		17.15		825		37		17.94
Total loans and leases held for investment	142,661		1,617		4.51		142,691		1,609		4.48		143,074		1,559		4.37
Loans held for sale	1,428		14		3.67		1,490		13		3.70		1,253		11		3.65
Total loans and leases	144,089		1,631		4.50		144,181		1,622		4.47		144,327		1,570		4.36
Total earning assets	195,305		1,936		3.95		193,073		1,918		3.95		193,386		1,864		3.87
Nonearning assets	27,220						27,659						27,632
Total assets	$	222,525					$	220,732					$	221,018
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	26,746	22		0.32		$	27,000	20		0.29		$	28,849	15		0.22
Money market and savings	61,693		57		0.37		61,450		49		0.32		64,294		47		0.29
Time deposits	13,744		21		0.57		13,794		17		0.51		14,088		17		0.48
Foreign office deposits - interest-bearing	1,488		4		1.18		1,681		5		1.14		459		1		1.03
Total interest-bearing deposits	103,671		104		0.40		103,925		91		0.35		107,690		80		0.30
Short-term borrowings	6,342		19		1.13		5,983		15		1.03		2,748		5		0.70
Long-term debt	22,639		131		2.36		21,459		124		2.29		21,767		104		1.91
Total interest-bearing liabilities	132,652		254		0.77		131,367		230		0.70		132,205		189		0.57
Noninterest-bearing deposits	54,288						53,489						52,573
Accounts payable and other liabilities	5,732						5,928						5,938
Shareholders' equity	29,853						29,948						30,302
Total liabilities and shareholders' equity	$	222,525					$	220,732					$	221,018
Average interest-rate spread					3.18						3.25						3.30

Net interest income/ net interest margin			$	1,682	3.43	%			$	1,688	3.48	%			$	1,675	3.47	%
Taxable-equivalent adjustment			$	38					$	41					$	40
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.



Average Balances and Rates - Year-To-Date
BB&T Corporation
(Dollars in millions)
	Year-to-Date
	June 30, 2018						June 30, 2017
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,538	$	32	1.79	%	$	4,746	$	41	1.72	%
U.S. government-sponsored entities (GSE)	2,384		27		2.23		2,385		27		2.22
Mortgage-backed securities issued by GSE	40,292		489		2.43		35,412		387		2.19
States and political subdivisions	1,133		19		3.78		1,985		52		5.20
Non-agency mortgage-backed	364		24		12.41		424		45		21.45
Other	45		—		2.73		58		—		2.05
Total securities	47,756		591		2.48		45,010		552		2.45
Other earning assets	2,223		38		3.40		3,953		27		1.43
Loans and leases:
Commercial:
Commercial and industrial	59,090		1,117		3.82		57,639		1,010		3.53
CRE	21,472		480		4.56		20,100		379		3.81
Lease financing	1,867		26		3.03		1,658		24		2.88
Retail:
Residential mortgage	29,049		580		4.01		29,546		592		4.01
Direct	11,735		291		5.00		12,007		264		4.44
Indirect	16,859		615		7.39		18,132		611		6.79
Revolving credit	2,815		140		9.05		2,610		114		8.79
PCI	595		56		19.07		854		80		18.86
Total loans and leases held for investment	143,482		3,305		4.64		142,546		3,074		4.34
Loans held for sale	1,352		26		3.87		1,468		26		3.56
Total loans and leases	144,834		3,331		4.63		144,014		3,100		4.33
Total earning assets	194,813		3,960		4.09		192,977		3,679		3.84
Nonearning assets	26,568						27,516
Total assets	$	221,381					$	220,493
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	27,119	54		0.39		$	29,211	28		0.20
Money market and savings	61,899		153		0.50		64,574		84		0.26
Time deposits	13,907		53		0.77		14,504		34		0.48
Foreign office deposits - interest-bearing	803		6		1.57		693		3		0.79
Total interest-bearing deposits	103,728		266		0.52		108,982		149		0.28
Short-term borrowings	5,399		43		1.60		2,428		7		0.58
Long-term debt	23,658		316		2.67		21,264		199		1.87
Total interest-bearing liabilities	132,785		625		0.94		132,674		355		0.54
Noninterest-bearing deposits	53,681						51,838
Accounts payable and other liabilities	5,359						5,877
Shareholders' equity	29,556						30,104
Total liabilities and shareholders' equity	$	221,381					$	220,493
Average interest-rate spread					3.15						3.30

Net interest income/ net interest margin			$	3,335	3.45	%			$	3,324	3.47	%
Taxable-equivalent adjustment			$	45					$	80
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.



Credit Quality
BB&T Corporation
(Dollars in millions)
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Nonperforming Assets (1)
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	243	$	257	$	259	$	288	$	300
CRE	61		67		45		41		50
Lease financing	9		13		1		2		3
Retail:
Residential mortgage	119		127		129		141		131
Direct	58		64		64		64		65
Indirect	68		74		72		70		63
Total nonaccrual loans and leases held for investment (1)(2)	558		602		570		606		612
Foreclosed real estate	43		40		32		46		48
Other foreclosed property	23		27		25		28		30
Total nonperforming assets (1)(2)	$	624	$	669	$	627	$	680	$	690
Performing Troubled Debt Restructurings (TDRs) (3)
Commercial:
Commercial and industrial	$	44	$	38	$	50	$	62	$	50
CRE	11		12		16		22		24
Retail:
Residential mortgage	647		627		605		609		603
Direct	58		59		62		63		63
Indirect	284		277		281		267		244
Revolving credit	29		29		29		29		29
Total performing TDRs (3)(4)	$	1,073	$	1,042	$	1,043	$	1,052	$	1,013
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	—	$	—	$	1	$	—	$	—
CRE	—		—		1		—		—
Retail:
Residential mortgage (5)	374		420		465		409		401
Direct	4		6		6		9		7
Indirect	4		5		6		6		4
Revolving credit	10		11		12		11		10
PCI	43		48		57		70		71
Total loans 90 days past due and still accruing (5)	$	435	$	490	$	548	$	505	$	493
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial	$	26	$	31	$	41	$	47	$	32
CRE	4		10		8		8		3
Lease financing	2		1		4		1		2
Retail:
Residential mortgage (6)	441		400		472		455		393
Direct	52		55		65		55		54
Indirect	337		272		412		358		341
Revolving credit	21		21		23		22		20
PCI	22		24		27		41		29
Total loans 30-89 days past due (6)	$	905	$	814	$	1,052	$	987	$	874
Excludes loans held for sale.
(1) PCI loans are accounted for using the accretion method.
(2) Sales of nonperforming loans totaled $12 million, $33 million, $44 million, $19 million and $75 million for the quarter ended June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(3) Excludes TDRs that are nonperforming totaling $191 million, $196 million, $189 million, $203 million and $214 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively. These amounts are included in total nonperforming assets.
(4) Sales of performing TDRs, which were primarily residential mortgage loans, totaled $17 million, $29 million, $44 million, $49 million and $203 million for the quarter ended June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(5) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $27 million, $23 million, $66 million, $45 million and $32 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(6) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $1 million, $1 million, $2 million, $2 million and $2 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.



Credit Quality
BB&T Corporation
(Dollars in millions)	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Allowance for Credit Losses
Beginning balance	$	1,614		$	1,609		$	1,601		$	1,602		$	1,599
Provision for credit losses (excluding PCI loans)	142			153			137			128			151
Provision (benefit) for PCI loans	(7		)	(3		)	1			(2		)	(16		)
Charge-offs:
Commercial:
Commercial and industrial	(23		)	(23		)	(23		)	(13		)	(26		)
CRE	(2		)	(6		)	(2		)	(4		)	(3		)
Lease financing	(1		)	(1		)	(1		)	(2		)	(1		)
Retail:
Residential mortgage	(5		)	(4		)	(8		)	(7		)	(20		)
Direct	(17		)	(19		)	(15		)	(16		)	(16		)
Indirect	(82		)	(107		)	(104		)	(103		)	(88		)
Revolving credit	(21		)	(21		)	(19		)	(17		)	(19		)
PCI	—			—			—			(1		)	—
Total charge-offs	(151		)	(181		)	(172		)	(163		)	(173		)
Recoveries:
Commercial:
Commercial and industrial	11			8			12			8			9
CRE	1			2			4			3			3
Lease financing	1			—			1			1			—
Retail:
Residential mortgage	1			—			1			—			1
Direct	6			6			6			6			7
Indirect	17			15			13			14			16
Revolving credit	5			5			5			4			5
Total recoveries	42			36			42			36			41
Net charge-offs	(109		)	(145		)	(130		)	(127		)	(132		)
Ending balance	$	1,640		$	1,614		$	1,609		$	1,601		$	1,602
Allowance for Credit Losses:
Allowance for loan and lease losses (excluding PCI loans)	$	1,512		$	1,473		$	1,462		$	1,451		$	1,455
Allowance for PCI loans	18			25			28			27			30
Reserve for unfunded lending commitments	110			116			119			123			117
Total	$	1,640		$	1,614		$	1,609		$	1,601		$	1,602

										As of/For the Year-to-Date
										Period Ended June 30
										2018			2017
Allowance for Credit Losses
Beginning balance										$	1,609		$	1,599
Provision for credit losses (excluding PCI loans)										295			297
Provision (benefit) for PCI loans										(10		)	(14		)
Charge-offs:
Commercial:
Commercial and industrial										(46		)	(59		)
CRE										(8		)	(4		)
Lease financing										(2		)	(2		)
Retail:
Residential mortgage										(9		)	(32		)
Direct										(36		)	(30		)
Indirect										(189		)	(195		)
Revolving credit										(42		)	(40		)
PCI										—			—
Total charge-offs										(332		)	(362		)
Recoveries:
Commercial:
Commercial and industrial										19			16
CRE										3			9
Lease financing										1			—
Retail:
Residential mortgage										1			1
Direct										12			13
Indirect										32			33
Revolving credit										10			10
Total recoveries										78			82
Net charge-offs										(254		)	(280		)
Other										—			—
Ending balance										$	1,640		$	1,602



Credit Quality
BB&T Corporation
(Dollars in millions)	As of/For the Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.62	%	0.57	%	0.73	%	0.69	%	0.61	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.30		0.34		0.38		0.35		0.34
Nonperforming loans and leases as a percentage of loans and leases	0.38		0.42		0.40		0.42		0.43
Nonperforming assets as a percentage of:
Total assets	0.28		0.30		0.28		0.31		0.31
Loans and leases plus foreclosed property	0.43		0.47		0.44		0.48		0.48
Net charge-offs as a percentage of average loans and leases	0.30		0.41		0.36		0.35		0.37
Allowance for loan and lease losses as a percentage of loans and leases	1.05		1.05		1.04		1.04		1.03
Ratio of allowance for loan and lease losses to:
Net charge-offs	3.49X		2.55X		2.89X		2.93X		2.80X
Nonperforming loans and leases	2.74X		2.49X		2.62X		2.44X		2.43X
Asset Quality Ratios (Excluding Government Guaranteed and PCI)
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.04	%	0.04	%	0.05	%	0.05	%	0.05	%

							As of/For the Year-to-Date
							Period Ended June 30
							2018		2017
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.36	%	0.40	%
Ratio of allowance for loan and lease losses to net charge-offs							2.99X		2.63X
Applicable ratios are annualized. Loans and leases exclude loans held for sale.



	June 30, 2018
					Past Due 30-89					Past Due 90+
	Current Status				Days					Days					Total
Troubled Debt Restructurings
Performing TDRs: (1)
Commercial:
Commercial and industrial	$	44	100.0	%	$	—		—	%	$	—		—	%	$	44
CRE	11		100.0		—			—		—			—		11
Lease financing	—		—		—			—		—			—		—
Retail:
Residential mortgage	377		58.3		109			16.8		161			24.9		647
Direct	56		96.6		2			3.4		—			—		58
Indirect	236		83.1		48			16.9		—			—		284
Revolving credit	25		86.3		3			10.3		1			3.4		29
Total performing TDRs (1)	749		69.8		162			15.1		162			15.1		1,073
Nonperforming TDRs (2)	87		45.5		28			14.7		76			39.8		191
Total TDRs (1)(2)	$	836	66.2	%	$	190		15.0	%	$	238		18.8	%	$	1,264

					Quarter Ended
					June 30			March 31		Dec. 31			Sept. 30		June 30
					2018			2018		2017			2017		2017
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial					0.08		%	0.11	%	0.07		%	0.04	%	0.12		%
CRE					0.01			0.08		(0.06		)	0.03		(0.01		)
Lease financing					0.12			0.09		0.14			0.19		0.22
Retail:
Residential mortgage					0.05			0.05		0.10			0.08		0.28
Direct					0.40			0.43		0.30			0.34		0.27
Indirect					1.56			2.21		2.09			1.98		1.61
Revolving credit					2.21			2.37		2.13			2.00		2.06
PCI					—			—		—			0.38		—
Total loans and leases					0.30			0.41		0.36			0.35		0.37
Applicable ratios are annualized.
(1) Past due performing TDRs are included in past due disclosures.
(2) Nonperforming TDRs are included in nonaccrual loan disclosures.



Capital Information - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	18,364		$	18,104		$	18,051		$	17,869		$	18,368
Tier 1	21,416			21,155			21,102			20,920			21,419
Total	25,015			24,719			24,653			24,582			25,040
Risk-weighted assets	180,190			176,818			177,217			176,024			177,518
Average quarterly tangible assets	213,523			213,404			214,163			212,069			212,394
Risk-based capital ratios:
Common equity tier 1	10.2		%	10.2		%	10.2		%	10.2		%	10.3		%
Tier 1	11.9			12.0			11.9			11.9			12.1
Total	13.9			14.0			13.9			14.0			14.1
Leverage capital ratio	10.0			9.9			9.9			9.9			10.1
Equity as a percentage of total assets	13.4			13.4			13.4			13.5			13.7
Common equity per common share	$	34.51		$	34.06		$	34.01		$	33.92		$	33.73

Calculations of Tangible Common Equity and Related Measures: (1)
Total shareholders' equity	$	29,832		$	29,662		$	29,695		$	29,853		$	30,349
Less:
Preferred stock	3,053			3,053			3,053			3,053			3,053
Noncontrolling interests	52			50			47			43			42
Intangible assets	10,264			10,296			10,329			10,363			10,400
Tangible common equity	$	16,463		$	16,263		$	16,266		$	16,394		$	16,854

Outstanding shares at end of period (in thousands)	774,447			779,752			782,006			788,921			808,093

Tangible Common Equity Per Common Share	$	21.26		$	20.86		$	20.80		$	20.78		$	20.86

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. These measures are not necessarily comparable to similar measures that may be presented by other companies.



Selected Items, Selected Mortgage Banking Information & Additional Information
BB&T Corporation
(Dollars in millions, except per share data)
										Favorable (Unfavorable)
													After-Tax at
										Pre-Tax			Marginal Rate
Selected Items
Second Quarter 2018
None										N/A			N/A

First Quarter 2018
None										N/A			N/A

Fourth Quarter 2017
Charitable contribution	Other expense									$	(100	)	$	(63	)
One-time bonus	Personnel expense									(36		)	(23		)
Impact of tax reform	Provision for income taxes									N/A			43

Third Quarter 2017
None										N/A			N/A

Second Quarter 2017
None										N/A			N/A

First Quarter 2017
Income tax benefit on equity-based awards	Provision for income taxes									N/A			35

	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Mortgage Banking Income
Residential mortgage production revenue	$	42		$	44		$	45		$	56		$	39
Residential mortgage servicing revenue	63			65			65			63			65
Realization of expected residential MSR cash flows	(38		)	(33		)	(35		)	(36		)	(36		)
Commercial mortgage production revenue	23			22			27			22			23
Commercial mortgage servicing revenue	10			9			9			10			10
Realization of expected commercial MSR cash flows	(8		)	(9		)	(9		)	(6		)	(8		)
Mortgage banking income before MSR valuation	92			98			102			109			93
Income statement impact of mortgage servicing rights valuation:
MSRs fair value increase (decrease)	25			68			15			(5		)	(22		)
MSRs hedge gains (losses)	(23		)	(67		)	(13		)	10			23
Net MSRs valuation	2			1			2			5			1
Total mortgage banking income	$	94		$	99		$	104		$	114		$	94
Other Mortgage Banking Information
Residential mortgage loan originations	$	4,411		$	3,328		$	3,970		$	3,463		$	3,524
Residential mortgage servicing portfolio (1):
Loans serviced for others	88,492			88,746			89,124			89,391			90,106
Bank-owned loans serviced	30,261			29,081			29,300			29,345			30,067
Total servicing portfolio	118,753			117,827			118,424			118,736			120,173
Weighted-average coupon rate on mortgage loans serviced for others	4.01		%	4.00		%	4.00		%	4.00		%	4.00		%
Weighted-average servicing fee on mortgage loans serviced for others	0.277			0.277			0.278			0.278			0.279

Additional Information
Derivatives notional amount	$	71,427		$	78,649		$	75,172		$	72,484		$	80,901
Fair value of derivatives, net	(203		)	(213		)	(271		)	(203		)	(187		)
Common stock prices:
High	56.03			56.31			51.11			48.90			46.50
Low	50.13			49.65			44.62			43.03			41.17
End of period	50.44			52.04			49.72			46.94			45.41
Banking offices	1,967			2,047			2,049			2,127			2,188
ATMs	2,768			2,836			2,824			2,899			2,950
FTEs	35,782			35,908			36,484			37,213			37,397
(1) Amounts reported are unpaid principal balance.



Non-GAAP Reconciliations
BB&T Corporation
(Dollars in millions)	Quarter Ended															Year-to-Date
	June 30			March 31			Dec. 31			Sept. 30			June 30			June 30			June 30
	2018			2018			2017			2017			2017			2018			2017
Efficiency Ratio (1)
Efficiency Ratio Numerator - Noninterest Expense - GAAP	$	1,720		$	1,686		$	1,855		$	1,745		$	1,742		$	3,406		$	3,844
Amortization of intangibles	(31		)	(33		)	(34		)	(34		)	(36		)	(64		)	(74		)
Merger-related and restructuring charges, net	(24		)	(28		)	(22		)	(47		)	(10		)	(52		)	(46		)
Gain (loss) on early extinguishment of debt	—			—			—			—			—			—			(392		)
Charitable contribution	—			—			(100		)	—			—			—			—
One-time bonus	—			—			(36		)	—			—			—			—
Efficiency Ratio Numerator - Adjusted	$	1,665		$	1,625		$	1,663		$	1,664		$	1,696		$	3,290		$	3,332

Efficiency Ratio Denominator - Revenue (2) - GAAP	$	2,879		$	2,813		$	2,869		$	2,813		$	2,855		$	5,692		$	5,635
Taxable equivalent adjustment	22			23			38			41			40			45			80
Securities (gains) losses, net	(1		)	—			1			—			—			(1		)	—
Efficiency Ratio Denominator - Adjusted	$	2,900		$	2,836		$	2,908		$	2,854		$	2,895		$	5,736		$	5,715

Efficiency Ratio - GAAP	59.7		%	60.0		%	64.7		%	62.0		%	61.0		%	59.8		%	68.2		%
Efficiency Ratio - Adjusted	57.4			57.3			57.2			58.3			58.6			57.4			58.3

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. These measures are not necessarily comparable to similar measures that may be presented by other companies.

Revenue is defined as net interest income plus noninterest income.



	Quarter Ended															Year-to-Date
	June 30			March 31			Dec. 31			Sept. 30			June 30			June 30
	2018			2018			2017			2017			2017			2018			2017
Return on Average Tangible Common Shareholders' Equity (1)
Net income available to common shareholders	$	775		$	745		$	614		$	597		$	631		$	1,520		$	1,009
Plus: Amortization of intangibles, net of tax	24			24			21			22			22			48			46
Tangible net income available to common shareholders	$	799		$	769		$	635		$	619		$	653		$	1,568		$	1,055

Average common shareholders' equity	$	26,483		$	26,428		$	26,759		$	26,857		$	27,208		$	26,455		$	27,008
Less: Average intangible assets	10,281			10,312			10,346			10,382			10,418			10,295			10,440
Average tangible common shareholders' equity	$	16,202		$	16,116		$	16,413		$	16,475		$	16,790		$	16,160		$	16,568

Return on average common shareholders' equity	11.74		%	11.43		%	9.10		%	8.82		%	9.30		%	11.59		%	7.53		%
Return on average tangible common shareholders' equity	19.78			19.36			15.35			14.89			15.60			19.57			12.85



	Quarter Ended												Year-to-Date
	June 30			March 31		Dec. 31			Sept. 30		June 30		June 30			June 30
	2018			2018		2017			2017		2017		2018			2017
Diluted EPS (1)
Net income available to common shareholders - GAAP	$	775		$	745	$	614		$	597	$	631	$	1,520		$	1,009
Merger-related and restructuring charges	17			22		14			29		6		39			28
Loss on early extinguishment of debt	—			—		—			—		—		—			246
Securities gains (losses), net	(1		)	—		—			—		—		(1		)	—
Charitable contribution	—			—		63			—		—		—			—
One time bonus	—			—		23			—		—		—			—
Excess tax benefit on equity-based awards	—			—		—			—		—		—			(35		)
Impact of tax reform	—			—		(43		)	—		—		—			—
Net income available to common shareholders - adjusted	$	791		$	767	$	671		$	626	$	637	$	1,558		$	1,248

Weighted average shares outstanding - diluted	785,750			791,005		795,867			806,124		819,389		788,362			821,072

Diluted EPS - GAAP	$	0.99		$	0.94	$	0.77		$	0.74	$	0.77	$	1.93		$	1.23
Diluted EPS - adjusted	1.01			0.97		0.84			0.78		0.78		1.98			1.52


(d)	Exhibits