Have you been eager to see how BB&T Corporation 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 Beat
BB&T came out with adjusted earnings per share of 84 cents, which beat the Zacks Consensus Estimate of 80 cents.
Rise in revenues was partly offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for BB&T depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last seven days.
Notably, BB&T has a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in two of the prior four quarters.
Overall, on an average the company posted positive earnings surprise of 0.7% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.91 billion, outpacing the Zacks Consensus Estimate of $2.84 billion. Moreover, it came 5% higher than the year-ago number.
Key Statistics to Note:
- After considering merger-related and restructuring charges and adjustments related to tax reform, net income was $614 million or 77 cents per share
- Adjusted Efficiency ratio of 57.2%
- Average loans and leases held for investment were $142.7 billion for the quarter
- Average deposits were $158 billion
- Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10% as of Dec 31, 2017
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) 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 favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report later!
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BB&T's (BBT) Q4 Earnings & Revenues Beat Expectations
Have you been eager to see how BB&T Corporation 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 Beat
BB&T came out with adjusted earnings per share of 84 cents, which beat the Zacks Consensus Estimate of 80 cents.
Rise in revenues was partly offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for BB&T depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last seven days.
Notably, BB&T has a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in two of the prior four quarters.
BB&T Corporation Price and EPS Surprise
BB&T Corporation Price and EPS Surprise | BB&T Corporation Quote
Overall, on an average the company posted positive earnings surprise of 0.7% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.91 billion, outpacing the Zacks Consensus Estimate of $2.84 billion. Moreover, it came 5% higher than the year-ago number.
Key Statistics to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) 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 favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>