Last $37.91 USD
Change Today +0.09 / 0.24%
Volume 2.9M
BBT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 West Second Street

Winston-Salem, NC 27101

United States

Phone: 336-733-2000

Fax:

rom clients within the company’s branch network through the offering of a selection of deposit instruments to individuals and businesses, including noninterest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificate of deposits and individual retirement accounts. Strategy The company has maintained a long-term focus on a strategy that includes expanding and diversifying its franchise in terms of revenues, profitability, and asset size. Operating Subsidiaries The principal operating subsidiaries of the company include Branch Banking, Winston-Salem, North Carolina; BB&T Securities, LLC, Richmond, Virginia; Regional Acceptance Corporation, Greenville, North Carolina; American Coastal Insurance Company, Davie, Florida; and Sterling Capital Management, LLC, Charlotte, North Carolina. Branch Bank’s principal operating subsidiaries include BB&T Equipment Finance Corporation, based in Charlotte, North Carolina, which provides loan and lease financing to commercial and small businesses; BB&T Insurance Services, Inc., headquartered in Raleigh, North Carolina, which offers property and casualty, life, health, employee benefits, commercial general liability, surety, title and other insurance products through its agency network; BB&T Investment Services, Inc., a registered broker-dealer located in Charlotte, North Carolina, which offers clients non-deposit investment products, including discount brokerage services, equities, fixed-rate, variable-rate and index annuities, mutual funds, government and municipal bonds, and money market funds; CRC Insurance Services, Inc., based in Birmingham, Alabama, which is a wholesale insurance broker authorized to do business nationwide; Crump Life Insurance Services, Inc., based in Pennsylvania, which is a wholesale insurance broker authorized to do business nationwide; Grandbridge, based in Charlotte, North Carolina, which specializes in arranging and servicing commercial mortgage loans; McGriff, Seibels & Williams, Inc., based in Birmingham, Alabama, which is authorized to do business nationwide and specializes in providing insurance products on an agency basis to large commercial clients, including various Fortune 500 companies; and Prime Rate Premium Finance Corporation, Inc., located in Florence, South Carolina, and its subsidiaries, which include AFCO Credit Corporation, that provide insurance premium financing to clients in the United States and Canada. Major Nonbank Subsidiaries The company also has various nonbank subsidiaries, including: American Coastal Insurance Company, an admitted Florida specialty insurance company that underwrites property insurance risks for commercial condominium or cooperative associations; BB&T Securities, LLC, which is a registered investment banking and full-service brokerage firm that provides services in retail brokerage, equity and debt underwriting, investment advice, corporate finance and equity research; and facilitates the origination, trading and distribution of fixed-income securities and equity products in both the public and private capital markets. BB&T Securities, LLC also provides correspondent clearing services to broker-dealers and entities involved in the securities industry; Regional Acceptance Corporation, which specializes in indirect financing for consumer purchases of primarily mid-model and late-model used automobiles; and Sterling Capital Management, LLC, a registered investment advisor, which provides tailored investment management solutions to meet the specific needs and objectives of individual and institutional clients through a full range of investment strategies. Regulations Branch Bank’s deposits are insured by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation up to the limits set forth under applicable law. The company is subject to various examinations by federal and state banking regulators, as well as the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the NYSE Euronext, Inc., various taxing authorities and various state insurance and securities regulators. Histor

 

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Industry Analysis

BBT

Industry Average

Valuation BBT Industry Range
Price/Earnings 15.8x
Price/Sales 3.0x
Price/Book 1.3x
Price/Cash Flow 14.5x
TEV/Sales NM Not Meaningful
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