If you want to compare banks, please check BBT's proxy material dated March 24,2004 page 36. The bank's own PEER GROUP shows that $100 invested 12/98 would be worth $124.31 on 12/03.
According to the company's proxy for this time frame the same $100 invested would have only been worth $110.95 less than half the return of the average. This means their stock performed less than HALF as well as the average of their peer group. This is the PEER GROUP that they chose.
Please note this is not the better performers of the PEER GROUP, just the average of all the banks included.