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UPDATE: BB&T Q3 Profit Up 28%

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BB&T (NYSE: BBT) reported a 28% rise in its third-quarter earnings.

BB&T's quarterly profit surged to $469 million, from $366 million, in the year-ago period. It per-share earnings rose to $0.66 from $0.52.

Its total revenue climbed 16% to $2.48 billion. However, analysts were expecting a profit of $0.71 per share on revenue of $2.46 billion.

BB&T's net interest margin declined to 3.94% from 4.09%.

BB&T shares closed at $32.27 yesterday.

Posted-In: profitEarnings News


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