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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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September 15, 2014
16:27 EDTBBTBB&T releases results of its mid-cycle stress test
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September 11, 2014
09:22 EDTBBTBB&T sees 2015 organic growth 4%-6%
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09:15 EDTBBTBB&T expects 2H14 average total loan growth to be 3%-5%
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September 8, 2014
11:29 EDTBBTBB&T to host investor day
Investor Day to be held in New York on September 11 at 9 am. Webcast Link
09:17 EDTBBTBB&T to acquire Bank of Kentucky for $363M
BB&T (BBT) and The Bank of Kentucky Financial Corporation (BKYF) announced the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at approximately $363M. The Bank of Kentucky, headquartered in Crestview Hills, Ky., has $1.9 billion in assets, $1.6 billion in deposits and 32 banking offices in Northern Kentucky and Cincinnati. Under the terms of the agreement, which was approved by the Board of Directors of each company, shareholders of The Bank of Kentucky will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky common stock. Based on BB&T's 14-day average closing price of $37.13 as of September 4, 2014, shareholders of The Bank of Kentucky will receive $47.00 per share BB&T expects this acquisition to be accretive to earnings per share in the first full year and to exceed its IRR hurdle. The transaction is subject to customary closing conditions including regulatory approvals and approval of The Bank of Kentucky shareholders.

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