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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,92219,8823,9873,3464,6844,8912,807
Cash and cash equivalents18,86819,0653,9872,7133,9363,7112,325
Short-term investments1,054817 6337481,180482
Disposal group, including discontinued operation      1,423
Total current assets:19,92219,8823,9873,3464,6844,8914,230
Noncurrent Assets
Finance lease, right-of-use asset36113
Operating lease, right-of-use asset1,3331,823
Property, plant and equipment3,8703,7122,1182,0552,1072,0071,827
Intangible assets, net (including goodwill)27,43127,29610,57610,32910,4929,2347,374
Goodwill24,44724,1549,8189,6189,6388,5486,869
Intangible assets, net (excluding goodwill)2,9843,142758711854686505
Total noncurrent assets:32,67032,94412,69412,38412,59911,2419,201
Other undisclosed assets456,636420,252209,016205,912201,993193,815173,383
TOTAL ASSETS:509,228473,078225,697221,642219,276209,947186,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,09218,2185,1784,9381,4063,5933,717
Total current liabilities:6,09218,2185,1784,9381,4063,5933,717
Noncurrent Liabilities
Liabilities, other than long-term debt   928738654 
Qualified affordable housing project investments, commitment   928738654
Total noncurrent liabilities:   928738654 
Other undisclosed liabilities432,224388,302190,341186,081187,206178,360158,671
Total liabilities:438,316406,520195,519191,947189,350182,607162,388
Stockholders' equity
Stockholders' equity attributable to parent62,75961,28227,06926,59526,82824,70321,735
Common stock6,7456,7113,8173,9104,0473,9023,603
Additional paid in capital35,84335,6096,8497,8939,1048,3656,517
Accumulated other comprehensive income (loss)716(844)(1,715)(1,467)(1,132)(1,028)(751)
Retained earnings19,45519,80618,11816,25914,80913,46412,366
Stockholders' equity attributable to noncontrolling interest1051745647453488
Other undisclosed stockholders' equity8,0485,1023,0533,0533,0532,6032,603
Total stockholders' equity:70,91266,55830,17829,69529,92627,34024,426
TOTAL LIABILITIES AND EQUITY:509,228473,078225,697221,642219,276209,947186,814

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues13,8098,0906,9609,6519,2498,3698,414
Net investment income13,8098,0906,9606,2826,0375,3865,203
Financial services revenue3,2233,0752,8593,211
Cost of revenue(2,335)(615)(566)(707)(758)(563)(251)
Cost of goods and services sold   (160)(186)(135) 
Provision for loan, lease, and other losses(2,335)(615)(566)
Financial services costs(547)(572)(428)(251)
Gross profit:11,4747,4756,3948,9448,4917,8068,163
Operating expenses(685)(2,067)(1,305)(5,527)(5,397)(4,577)(4,698)
Other operating income, net
(Noninterest Income, Other Operating Income)
   467362326302
Operating income:10,7895,4085,0893,8843,4563,5553,767
Nonoperating income (expense) (116) 121169154375
Investment income, nonoperating (116) (1)4641265
Bank owned life insurance income   122123113110
Interest and debt expense(1,722)(2,096)(1,438)(1,231)(744)(907)(890)
Income from continuing operations before equity method investments, income taxes:9,0673,1963,6512,7742,8812,8023,252
Other undisclosed income (loss) from continuing operations before income taxes(3,594)823409552619115(266)
Income from continuing operations before income taxes:5,4734,0194,0603,3263,5002,9172,986
Income tax expense(981)(782)(803)(911)(1,058)(794)(760)
Net income:4,4923,2373,2572,4152,4422,1232,226
Net loss attributable to noncontrolling interest(10)(13)(20)(21)(16)(39)(75)
Net income attributable to parent:4,4823,2243,2372,3942,4262,0842,151
Preferred stock dividends and other adjustments(298)(196)(174)(174)(167)(148)(148)
Net income available to common stockholders, diluted:4,1843,0283,0632,2202,2591,9362,003

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4,4923,2373,2572,4152,4422,1232,226
Other comprehensive income (loss)1,560871(248)(88)(104)(277)(158)
Comprehensive income:6,0524,1083,0092,3272,3381,8462,068
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(13)(20)(21)(16)(39)(75)
Comprehensive income, net of tax, attributable to parent:6,0424,0952,9892,3062,3221,8071,993

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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