BB&T Corporation (BBT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,8823,9873,3464,6844,8912,8072,165
Cash and cash equivalents19,0653,9872,7133,9363,7112,3252,165
Short-term investments817 6337481,180482 
Disposal group, including discontinued operation     1,423 
Total current assets:19,8823,9873,3464,6844,8914,2302,165
Noncurrent Assets
Finance lease, right-of-use asset113
Operating lease, right-of-use asset1,823
Property, plant and equipment3,7122,1182,0552,1072,0071,8271,869
Intangible assets, net (including goodwill)27,29610,57610,32910,4929,2347,3747,383
Goodwill24,1549,8189,6189,6388,5486,8696,814
Intangible assets, net (excluding goodwill)3,142758711854686505569
Total noncurrent assets:32,94412,69412,38412,59911,2419,2019,252
Other undisclosed assets420,252209,016205,912201,993193,815173,383171,593
TOTAL ASSETS:473,078225,697221,642219,276209,947186,814183,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt18,2185,1784,9381,4063,5933,7174,138
Total current liabilities:18,2185,1784,9381,4063,5933,7174,138
Noncurrent Liabilities
Liabilities, other than long-term debt  928738654  
Qualified affordable housing project investments, commitment  928738654
Total noncurrent liabilities:  928738654  
Other undisclosed liabilities388,302190,341186,081187,206178,360158,671156,063
Total liabilities:406,520195,519191,947189,350182,607162,388160,201
Stockholders' equity
Stockholders' equity attributable to parent61,28227,06926,59526,82824,70321,73520,156
Common stock6,7113,8173,9104,0473,9023,6033,533
Additional paid in capital35,6096,8497,8939,1048,3656,5176,172
Accumulated other comprehensive loss(844)(1,715)(1,467)(1,132)(1,028)(751)(593)
Retained earnings19,80618,11816,25914,80913,46412,36611,044
Stockholders' equity attributable to noncontrolling interest174564745348850
Other undisclosed stockholders' equity5,1023,0533,0533,0532,6032,6032,603
Total stockholders' equity:66,55830,17829,69529,92627,34024,42622,809
TOTAL LIABILITIES AND EQUITY:473,078225,697221,642219,276209,947186,814183,010

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,0906,9609,6519,2498,3698,414 
Net investment income8,0906,9606,2826,0375,3865,203 
Financial services revenue3,2233,0752,8593,211 
Cost of revenue(615)(566)(707)(758)(563)(251) 
Cost of goods and services sold  (160)(186)(135)  
Provision for loan, lease, and other losses(615)(566)
Financial services costs(547)(572)(428)(251) 
Gross profit:7,4756,3948,9448,4917,8068,163 
Operating expenses(2,067)(1,305)(5,527)(5,397)(4,577)(4,698)(4,018)
Other operating income, net
(Noninterest Income, Other Operating Income)
  467362326302362
Operating income (loss):5,4085,0893,8843,4563,5553,767(3,656)
Nonoperating income (expense)(116) 121169154375121
Investment income, nonoperating(116) (1)46412658
Bank owned life insurance income  122123113110113
Interest and debt expense(2,096)(1,438)(1,231)(744)(907)(890)(891)
Other undisclosed income from continuing operations before equity method investments, income taxes      7,550
Income from continuing operations before equity method investments, income taxes:3,1963,6512,7742,8812,8023,2523,124
Other undisclosed income (loss) from continuing operations before income taxes823409552619115(266) 
Income from continuing operations before income taxes:4,0194,0603,3263,5002,9172,9863,124
Income tax expense(782)(803)(911)(1,058)(794)(760)(1,395)
Net income:3,2373,2572,4152,4422,1232,2261,729
Net loss attributable to noncontrolling interest(13)(20)(21)(16)(39)(75)(50)
Net income attributable to parent:3,2243,2372,3942,4262,0842,1511,679
Preferred stock dividends and other adjustments(196)(174)(174)(167)(148)(148)(117)
Net income available to common stockholders, diluted:3,0283,0632,2202,2591,9362,0031,562

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,2373,2572,4152,4422,1232,2261,729
Other comprehensive income (loss)871(248)(88)(104)(277)(158)(34)
Comprehensive income:4,1083,0092,3272,3381,8462,0681,695
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(13)(20)(21)(16)(39)(75)50
Comprehensive income, net of tax, attributable to parent:4,0952,9892,3062,3221,8071,9931,745

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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