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BB&T Corporation Message Board

  • dennra dennra Jul 10, 1998 8:08 AM Flag

    Latest news 7/10/98

    BB&T Reports 19.8% Increase In 2nd Quarter
    Earnings

    WINSTON-SALEM, N.C., July 10 /PRNewswire/ -- BB&T Corporation
    (NYSE: BBK - news) reported today that earnings
    for
    the second quarter of 1998 totaled $122.0 million
    compared to second quarter 1997 earnings of $101.9
    million, an increase of
    19.8%.

    On a diluted per
    share basis, BB&T earned $.85 for the three months
    ended June 30, 1998, an increase of 19.7% from the
    $.71
    earned during the second quarter of 1997. BB&T's current
    quarter results produced a return on average assets of
    1.56% and a
    return on average equity of 20.23%,
    compared to prior year ratios of 1.44% and 17.92%,
    respectively.


    Looks strong to me, what are your
    thoughts????

    Thanks

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