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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| BB and T Corporation | NYSE:BBT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 54.24 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By Allison Prang
BB&T Corp. (BBT) is expecting its net interest margin to decline in the last quarter of the year compared to the third quarter.
The company said it expects its net interest margin to fall between seven to nine basis points compared to the third quarter.
BB&T expects fourth-quarter noninterest income to rise between 2% and 4% year over year. It expects expenses to be flat but to have between $60 million and $80 million in merger-related costs and other expenses from buying SunTrust Banks Inc. (STI).
The company expects its average total loans held for investment in the quarter will be flat compared to the third quarter. It is expecting between 35 and 45 basis points of net charge-offs.
BB&T expects its fourth-quarter effective tax rate will be between 20% and 21%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 17, 2019 08:38 ET (12:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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