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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 May 2019 to May 2024
By Allison Prang
BB&T Corp. (BBT) is expecting its net interest margin to fall in the third quarter compared with the second quarter.
BB&T said it expects it net interest margin on both a GAAP and core basis to fall between four and eight basis points compared with the second quarter. It was 3.42% in the second quarter, down from 3.51% in the first quarter and down from 3.45% the comparable quarter a year prior.
BB&T said it expects expenses to be flat compared with the comparable quarter a year earlier.
The company also is expecting average total loans held for investment to fall between 4% and 6% on an annualized basis compared with the second quarter.
BB&T expects net charge-offs as a percentage of average loans and leases on annualized basis to be between 35 and 45 basis points. In the second quarter, that reading was 0.38% down from 0.4% in the first quarter and up from 0.3% the comparable quarter a year prior.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 18, 2019 08:02 ET (12:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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