Have you been eager to see how BB&T Corporation performed in Q2 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:
Earnings In-Line
BB&T came out with adjusted earnings per share of $1.01, in-line with the Zacks Consensus Estimate.
Rise in revenues and lower expenses supported results.
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 30 days.
Notably, BB&T has an impressive earnings surprise history. Before posting the in-line earnings in Q2, the company delivered positive surprises in three and matched in one of the trailing four quarters.
Overall, on an average the company posted positive earnings surprise of 2.3% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.90 billion, outpacing the Zacks Consensus Estimate of $2.89 billion.
Key Statistics to Note:
- After considering merger-related and restructuring charges, net income was $775 million or 99 cents per share
- Net interest margin was 3.45%
- Adjusted Efficiency ratio of 57.4%
- Average loans and leases held for investment were $144.1 billion
- Average deposits were $157.7 billion
- Common equity Tier 1 ratio was 10.2% as of Jun 30, 2018
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 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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Have you been eager to see how BB&T Corporation performed in Q2 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:
Earnings In-Line
BB&T came out with adjusted earnings per share of $1.01, in-line with the Zacks Consensus Estimate.
Rise in revenues and lower expenses supported results.
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 30 days.
Notably, BB&T has an impressive earnings surprise history. Before posting the in-line earnings in Q2, the company delivered positive surprises in three and matched in one of the trailing four quarters.
Overall, on an average the company posted positive earnings surprise of 2.3% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.90 billion, outpacing the Zacks Consensus Estimate of $2.89 billion.
Key Statistics to Note:
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 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!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>