BB&T (BBT) Q4 Earnings Fall Y/Y, Revenues Improve
Have you been eager to see how BB&T Corporation BBT performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
An Earnings Decline
BB&T came out with earnings per share of 64 cents, down 15% year over year. This included merger-related and restructuring charges. The Zacks Consensus Estimate of 69 cents.
A rise in expenses was mainly responsible for lower earnings.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for BB&T depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable lower over the last 7 days.
Revenue Came In Higher Than Expected
BB&T posted total revenues of $2.55 billion, which surpassed the Zacks Consensus Estimate of $2.53 billion. Moreover, it came 7% above the year-ago number.
Key Statistics to Note:
Efficiency ratio of 58.8%
Average loans and leases held for investment were $134.8 billion as of Dec 31, 2015
Average deposits were $148.5 billion as of Dec 31, 2015
Dividend payout ratio of 42.2% as of Dec 31, 2015
Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.0% as Dec 31, 2015
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for BB&T. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look unfavorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this BB&T earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BB&T CORP (BBT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
