What am I missing? This looks like a complete mess of a quarter. Sure they are cutting cost. But the shrinkage in the top line is very concerning. How long does a management group get to figure out how to make a reasonable return on a great franchise?
There is not much cost reduction either....see the worsening efficiency ratio. Information Technology (IT) is one of the biggest cost there...look at job boards for tech resources in NC...BBT will be on top!