BB&T Corporation (BBT) financial statements (2021 and earlier)

Company profile

Business Address 214 NORTH TRYON STREET
CHARLOTTE, NC 28202
State of Incorp. NC
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,92237,97341,83236,98919,8823,0182,701
Cash and cash equivalents18,86837,10841,19736,34819,0653,0182,701
Short-term investments1,054865635641817  
Total current assets:19,92237,97341,83236,98919,8823,0182,701
Noncurrent Assets
Finance lease, right-of-use asset363841431131718
Operating lease, right-of-use asset1,3331,5471,7241,7731,823841842
Property, plant and equipment3,8703,9684,0023,9993,7122,0222,029
Intangible assets, net (including goodwill)27,43126,70926,89827,09527,29610,51010,542
Goodwill24,44723,86923,88223,92724,1549,8329,830
Intangible assets, net (excluding goodwill)2,9842,8403,0163,1683,142678712
Total noncurrent assets:32,67032,26232,66532,91032,94413,39013,431
Other undisclosed assets456,636428,948429,839436,330420,252220,342214,740
TOTAL ASSETS:509,228499,183504,336506,229473,078236,750230,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,0926,2445,70012,69618,21810,40510,344
Total current liabilities:6,0926,2445,70012,69618,21810,40510,344
Noncurrent Liabilities
Other undisclosed liabilities432,224422,966429,753427,472388,302194,042188,764
Total liabilities:438,316429,210435,453440,168406,520204,447199,108
Stockholders' equity
Stockholders' equity attributable to parent62,75961,81964,23461,29561,28230,87728,650
Preferred stock  2,600  1,700 
Common stock6,7456,7416,7386,7376,7113,8323,830
Additional paid in capital35,84335,77435,67635,58435,6096,9316,889
Accumulated other comprehensive income (loss)716470847898(844)(1,026)(1,119)
Retained earnings19,45518,83418,37318,07619,80619,44019,050
Stockholders' equity attributable to noncontrolling interest1051061061671746961
Other undisclosed stockholders' equity8,0488,0484,5434,5995,1021,3573,053
Total stockholders' equity:70,91269,97368,88366,06166,55832,30331,764
TOTAL LIABILITIES AND EQUITY:509,228499,183504,336506,229473,078236,750230,872

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues
(Net Investment Income)
3,2033,2303,4443,9322,4101,9031,906
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(177)(421)(844)(893)(171)(117)(172)
Gross profit:3,0262,8092,6003,0392,2391,7861,734
Operating expenses2,151(1,037)(975)(824)(1,084)(324)(299)
Operating income:5,1771,7721,6252,2151,1551,4621,435
Interest and debt expense(10)(261)(675)(776)(585)(518)(516)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (116)  
Income from continuing operations before equity method investments, income taxes:5,1671,5119501,439454944919
Other undisclosed income (loss) from continuing operations before income taxes(3,526)(115)199(152)425102200
Income from continuing operations before income taxes:1,6411,3961,1491,2878791,0461,119
Income tax expense(311)(255)(191)(224)(153)(218)(234)
Net income:1,3301,1419581,063726828885
Net income (loss) attributable to noncontrolling interest(1)(3)(3)(3)(5)(3)1
Net income attributable to parent:1,3291,1389551,060721825886
Preferred stock dividends and other adjustments(101)(70)(53)(74)(19)(90)(44)
Net income available to common stockholders, diluted:1,2281,068902986702735842

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1,3301,1419581,063726828885
Other comprehensive income (loss)246(377)(51)1,74218293302
Comprehensive income:1,5767649072,8059089211,187
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(3)(3)(3)(5)(3)1
Comprehensive income, net of tax, attributable to parent:1,5757619042,8029039181,188

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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