2010 dividend: 0.60/share.
2011 dividend: 0.64/share.
2012 dividend: 0.76/share.
2013 dividend: 0.92/share.
2014 dividend: 1.00/share?
Remember 1.47/share before the crash?
Today's earnings report appears to solidfy momentum which should translate into dividend increase. I certainly hope management can sustain the momentum! Great job Kelly King and company!
Sentiment: Strong Buy
I for one am a believer in BBT having been a long time investor and having participated in this message board.
Inlet's comments and insights helped in converting a doubting "Thomas" to a true believer, especially on CRE.
TARP participation is a twist to the banking industry.
The interview with JA was illuminating.
The response to CRE lending policies was very beneficial. Doubts are removed from BBT. Hope that future M&A's can compensate for marginal CRE lending practices by those not as conservative as BBT.
Not sure what to make of today's late rally.
0.78% = % of nonaccruals as a % of CRE loans?
Real estate secured loans collective comprise 69.9% of total loans, well above peer average of 53.2% and 57.3% and 2nd only to Regions at 70.4%.
C&I loans are 13.9% of total loans, below beer average of 23.3% and 26.4%.
The future is gloomy no matter what.
The latest rumor of M&A with Chase is cause for concern. Hope due diligence is practiced.
Prior rumor of M&A with Fifth/Third was very scary.
July's announcement of a $0.01/share increase in dividend payment when price was around 19 was a strong statement. However, full disclosure of losses in home equity loans and mortgages has yet to be made.
Indeed, hold onto your skivvies!!
3rd quarter reporting was 10/16/08.
3rd quarter dividend payable on 11/3/08.
Expect 4th quarter reporting on 1/15/09.
4th quarter dividend payable on 2/4/09.
Recent downturn in price, downgrades by analysts give pause about the future of this otherwise well managed regional bank.
Participation in federal bailout is a concern.
Other banks like SI just are not that attractive and could lower BBT's price even more.
Beware, the bear!
With four downgrades in September, how can this recent rise in price be justified?
Participation in federal bailout would not appear to justify increase.