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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:18 EDTBBTBB&T sees Q1 average total loan growth approximately 2%-3%
Says loan demand improving. Says growth in other lending subsidiaries expected to remain seasonally slower due to premium finance in Q1 before accelerating in Q2. Sees continued growth in all client deposit balances during 2014. Sees net charge-offs remaining modestly below normalized range of 50-70bps for the foreseeable future, sees NPAs declining "modestly" in Q1. Says core margin expected to be "relatively stable" following impact of securities build, says remains well positioned for rising rates. Says noninterest expense "peaked" in 2013, expected to trend lower in 2014; sees positive operating leverage in 2014. Comments from slides that are being presented on the Q4 earnings conference call.
News For BBT From The Last 14 Days
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November 19, 2014
07:51 EDTBBTClearing House Payments Company to hold a conference
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November 12, 2014
16:23 EDTBBTOn The Fly: Closing Wrap
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13:58 EDTBBTBB&T acquisition 3% accretive, says Wells Fargo
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12:38 EDTBBTOn The Fly: Midday Wrap
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09:43 EDTBBTSusquehanna downgraded to Underperform at Boenning & Scattergood
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09:21 EDTBBTOn The Fly: Pre-market Movers
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07:53 EDTBBTBB&T to host conference call
Conference call to discuss acquisition of Susquehanna Bancshares will be held on November 12 at 8:30 am. Webcast Link
07:04 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
BB&T (BBT) and Susquehanna (SUSQ) announced the signing of a definitive agreement under which BB&T will acquire Susquehanna in a cash and stock transaction for total consideration valued at approximately $2.5B.In connection with the acquisition, BB&T plans to establish three new banking regions encompassing certain markets in Pennsylvania and New Jersey. BB&T also plans to integrate its Baltimore region with Susquehanna's. These four regions are expected to be led by legacy Susquehanna executives. Under the terms of the agreement, which was approved by the boards of each company, shareholders of Susquehanna will receive as merger consideration 0.253 shares of BB&T common stock and $4.05 in cash for each share of Susquehanna common stock. The merger consideration is valued at $13.50 per share based on the average closing price of BB&T over the 45 trading days ending on November 10, 2014. BB&T expects to incur pre-tax merger and integration costs of approximately $250M and expects to achieve annual cost savings of approximately $160M. BB&T expects this acquisition to be accretive to earnings per share in the first full year excluding one-time charges and expects the transaction to exceed its IRR hurdle. This acquisition is subject to customary closing conditions including regulatory approvals and approval of Susquehanna shareholders.
07:02 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
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