Exhibit 99.2

 

BB&T Corporation
Quarterly Performance Summary
Fourth Quarter 2011

BB&T Corporation
Quarterly Performance Summary
Table of Contents

	Page
Financial Highlights	1
Financial Highlights - Five Quarter Trend	2
Consolidated Statements of Income	3
Consolidated Statements of Income - Five Quarter Trend	4
Lines of Business Financial Performance	5
Lines of Business Financial Performance - Five Quarter Trend	7
Consolidated Balance Sheets	9
Consolidated Balance Sheets - Five Quarter Trend	10
Average Balance Sheets	11
Average Balance Sheets - Five Quarter Trend	12
Average Balances and Rates - Quarters	13
Average Balances and Rates - Year-To-Date	15
Credit Quality	16
Credit Quality - Supplemental Information	19
Capital Information - Five Quarter Trend	20
Selected Items & Additional Information	21
NON-GAAP Reconciliation Table	22

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands) 

		Quarter Ended									Year-to-Date
		December 31						%			December 31						%
		2011				2010		Change			2011				2010		Change
Summary Income Statement
Interest income	$	1,807			$	1,793		0.8	%	$	7,035			$	7,254		(3.0	) %
Interest expense		318				424		(25.0	)		1,381				1,799		(23.2	)
Net interest income - taxable equivalent		1,489				1,369		8.8			5,654				5,455		3.6
Less: Taxable-equivalent adjustment		37				37		-			147				135		8.9
Net interest income		1,452				1,332		9.0			5,507				5,320		3.5
Provision for credit losses		272				643		(57.7	)		1,190				2,638		(54.9	)
Net interest income after provision for credit losses		1,180				689		71.3			4,317				2,682		61.0
Noninterest income		922				964		(4.4	)		3,113				3,957		(21.3	)
Noninterest expense		1,618				1,421		13.9			5,802				5,670		2.3
Income before income taxes		484				232		108.6			1,628				969		68.0
Provision for income taxes		84				15		NM			296				115		157.4
Net income		400				217		84.3			1,332				854		56.0
Noncontrolling interest		9				9		-			43				38		13.2
Net income available to common shareholders		391				208		88.0			1,289				816		58.0
Per Common Share Data
Earnings
Basic	$	0.56			$	0.30		86.7	%	$	1.85			$	1.18		56.8	%
Diluted		0.55				0.30		83.3			1.83				1.16		57.8
Cash dividends declared (1)		0.16				0.15		6.7			0.65				0.60		8.3
Book value		24.98				23.67		5.5			24.98				23.67		5.5
Tangible book value (2)		16.73				15.43		8.4			16.73				15.43		8.4
End of period shares outstanding (in thousands)		697,143				694,381		0.4			697,143				694,381		0.4
Weighted average shares (in thousands)
Basic		697,117				693,993		0.5			696,532				692,489		0.6
Diluted		706,178				702,781		0.5			705,168				701,039		0.6
Performance Ratios
Return on average assets		0.93	%			0.54	%				0.82	%			0.54	%
Return on average common shareholders' equity		8.76				4.88					7.49				4.85
Net interest margin - taxable equivalent		4.02				4.04					4.06				4.03
Fee income ratio (3)		38.4				41.8					39.7				41.0
Efficiency ratio (3)		53.5				55.3					55.2				53.9
Credit Quality (including amounts related to covered loans and
covered foreclosed property)
Nonperforming assets as a percentage of
Total assets		1.62	%			2.73	%				1.62	%			2.73	%
Loans and leases plus foreclosed property		2.52				3.94					2.52				3.94
Net charge-offs as a percentage of average
loans and leases		1.44				2.02					1.57				2.41
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.10				2.62					2.10				2.62
Ratio of allowance for loan and lease losses to
nonperforming loans and leases held for investment		1.21	X			1.26	X				1.21	X			1.26	X
Average Balances
Total assets	$	171,496		$	159,464			7.5	%	$	162,966		$	159,658			2.1	%
Total securities (4)		35,867				25,988		38.0			29,923				27,610		8.4
Loans and leases		108,523				105,946		2.4			105,962				104,787		1.1
Deposits		121,925				105,592		15.5			112,318				106,773		5.2
Shareholders' equity		17,755				16,951		4.7			17,267				16,886		2.3
Period-End Balances
Total assets	$	174,579		$	157,081			11.1	%	$	174,579		$	157,081			11.1	%
Total securities (4)		36,407				23,169		57.1			36,407				23,169		57.1
Loans and leases		111,205				107,264		3.7			111,205				107,264		3.7
Deposits		124,939				107,213		16.5			124,939				107,213		16.5
Shareholders' equity		17,480				16,498		6.0			17,480				16,498		6.0
Capital Ratios (5)
Risk-based
Tier 1		12.4	%			11.8	%				12.4	%			11.8	%
Total		15.7				15.5					15.7				15.5
Leverage		9.0				9.1					9.0				9.1
Tangible common equity (2)		6.9				7.1					6.9				7.1
Tier 1 common equity to risk-weighted assets (2)		9.7				9.1					9.7				9.1

(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. See the calculations and management's reasons for using these measures on page 20 of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed on page 21 of this supplement. See Non-GAAP reconciliations on page 22 of this supplement.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current quarter regulatory capital information is preliminary.

1

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands) 

		Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Summary Income Statement
Interest income	$	1,807		$	1,788		$	1,727		$	1,713		$	1,793
Interest expense		318			334			337			392			424
Net interest income - taxable equivalent		1,489			1,454			1,390			1,321			1,369
Less: Taxable-equivalent adjustment		37			38			36			36			37
Net interest income		1,452			1,416			1,354			1,285			1,332
Provision for credit losses		272			250			328			340			643
Net interest income after provision for credit losses		1,180			1,166			1,026			945			689
Noninterest income		922			690			787			714			964
Noninterest expense		1,618			1,417			1,395			1,372			1,421
Income before income taxes		484			439			418			287			232
Provision for income taxes		84			68			91			53			15
Net income		400			371			327			234			217
Noncontrolling interest		9			5			20			9			9
Net income available to common shareholders		391			366			307			225			208
Per Common Share Data
Earnings
Basic	$	0.56		$	0.52		$	0.44		$	0.32		$	0.30
Diluted		0.55			0.52			0.44			0.32			0.30
Cash dividends declared (1)		0.16			0.16			0.16			0.17			0.15
Book value		24.98			25.07			24.37			23.86			23.67
Tangible book value (2)		16.73			16.42			15.95			15.59			15.43
End of period shares outstanding (in thousands)		697,143			697,101			696,894			696,285			694,381
Weighted average shares (in thousands)
Basic		697,117			697,052			696,625			695,309			693,993
Diluted		706,178			705,604			704,969			704,101			702,781
Performance Ratios
Return on average assets		0.93	%		0.89	%		0.83	%		0.60	%		0.54	%
Return on average common shareholders' equity		8.76			8.30			7.25			5.48			4.88
Net interest margin - taxable equivalent		4.02			4.09			4.15			4.01			4.04
Fee income ratio (3)		38.4			39.3			40.8			40.1			41.8
Efficiency ratio (3)		53.5			54.6			55.8			57.1			55.3
Credit Quality (including amounts related to covered
loans and covered foreclosed property)
Nonperforming assets as a percentage of
Total assets		1.62	%		1.98	%		2.32	%		2.69	%		2.73	%
Loans and leases plus foreclosed property		2.52			3.05			3.46			3.97			3.94
Net charge-offs as a percentage of average
loans and leases		1.44			1.57			1.71			1.56			2.02
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.10			2.25			2.43			2.58			2.62
Ratio of allowance for loan and lease losses to
nonperforming loans and leases held for investment		1.21	X		1.20	X		1.22	X		1.09	X		1.26	X
Average Balances
Total assets	$	171,496		$	165,520		$	157,730		$	156,931		$	159,464
Total securities (4)		35,867			31,567			27,060			25,059			25,988
Loans and leases		108,523			105,658			104,341			105,294			105,946
Deposits		121,925			115,056			106,466			105,614			105,592
Shareholders' equity		17,755			17,551			17,072			16,673			16,951
Period-End Balances
Total assets	$	174,579		$	167,677		$	159,310		$	157,039		$	157,081
Total securities (4)		36,407			32,784			27,961			26,220			23,169
Loans and leases		111,205			107,449			105,350			104,887			107,264
Deposits		124,939			117,567			108,064			106,913			107,213
Shareholders' equity		17,480			17,541			17,049			16,670			16,498
Capital Ratios (5)
Risk-based
Tier 1		12.4	%		12.6	%		12.4	%		12.1	%		11.8	%
Total		15.7			16.1			16.1			15.8			15.5
Leverage		9.0			9.2			9.5			9.3			9.1
Tangible common equity (2)		6.9			7.1			7.2			7.2			7.1
Tier 1 common equity to risk-weighted assets (2)		9.7			9.8			9.6			9.3			9.1

(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. See the calculations and management's reasons for using these measures on page 20 of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed on page 21 of this supplement. See Non-GAAP reconciliations on page 22 of this supplement.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current regulatory capital information is preliminary.

2

BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands) 

		Quarter Ended									Year-to-Date
		Dec. 31				Change					Dec. 31				Change
		2011		2010		$		%			2011		2010		$		%
Interest Income
Interest and fees on loans and leases	$	1,530	$	1,566	$	(36	)	(2.3	)%	$	6,119	$	6,080	$	39		0.6	%
Interest and dividends on securities		235		185		50		27.0			747		1,019		(272	)	(26.7	)
Interest on other earning assets		4		4		-		-			19		16		3		18.8
Total interest income		1,769		1,755		14		0.8			6,885		7,115		(230	)	(3.2	)
Interest Expense
Interest on deposits		137		192		(55	)	(28.6	)		610		917		(307	)	(33.5	)
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		1		6		(5	)	(83.3	)		11		22		(11	)	(50.0	)
Interest on long-term debt		179		225		(46	)	(20.4	)		757		856		(99	)	(11.6	)
Total interest expense		317		423		(106	)	(25.1	)		1,378		1,795		(417	)	(23.2	)
Net interest income		1,452		1,332		120		9.0			5,507		5,320		187		3.5
Provision for credit losses		272		643		(371	)	(57.7	)		1,190		2,638		(1,448	)	(54.9	)
Net interest income after provision for credit loss		1,180		689		491		71.3			4,317		2,682		1,635		61.0
Noninterest income
Insurance income		254		249		5		2.0			1,044		1,041		3		0.3
Service charges on deposits		142		143		(1	)	(0.7	)		563		618		(55	)	(8.9	)
Mortgage banking income		135		138		(3	)	(2.2	)		436		521		(85	)	(16.3	)
Investment banking and brokerage fees and commissions		75		97		(22	)	(22.7	)		333		352		(19	)	(5.4	)
Checkcard fees		42		73		(31	)	(42.5	)		271		274		(3	)	(1.1	)
Bankcard fees and merchant discounts		55		47		8		17.0			204		177		27		15.3
Trust and investment advisory revenues		42		42		-		-			173		159		14		8.8
Income from bank-owned life insurance		30		31		(1	)	(3.2	)		122		123		(1	)	(0.8	)
FDIC loss share income, net		(46	)	-		(46	)	NM			(289	)	(116	)	(173	)	149.1
Securities gains (losses), net		103		99		4		4.0			62		554		(492	)	(88.8	)
Other income		90		45		45		100.0			194		254		(60	)	(23.6	)
Total noninterest income		922		964		(42	)	(4.4	)		3,113		3,957		(844	)	(21.3	)
Noninterest Expense
Personnel expense		679		679		-		-			2,727		2,616		111		4.2
Foreclosed property expense		346		162		184		113.6			802		747		55		7.4
Occupancy and equipment expense		159		155		4		2.6			616		608		8		1.3
Professional services		49		48		1		2.1			174		170		4		2.4
Regulatory charges		46		59		(13	)	(22.0	)		212		211		1		0.5
Loan processing expenses		59		51		8		15.7			227		201		26		12.9
Amortization of intangibles		24		28		(4	)	(14.3	)		99		122		(23	)	(18.9	)
Software expense		33		30		3		10.0			118		117		1		0.9
Merger-related and restructuring charges, net		16		4		12		NM			16		69		(53	)	(76.8	)
Other expenses		207		205		2		1.0			811		809		2		0.2
Total noninterest expense		1,618		1,421		197		13.9			5,802		5,670		132		2.3
Earnings
Income before income taxes		484		232		252		108.6			1,628		969		659		68.0
Provision for income taxes		84		15		69		NM			296		115		181		157.4
Net Income		400		217		183		84.3			1,332		854		478		56.0
Noncontrolling interest		9		9		-		-			43		38		5		13.2
Net income available to common shareholders	$	391	$	208	$	183		88.0	%	$	1,289	$	816	$	473		58.0	%
Earnings Per Common Share
Basic	$	0.56	$	0.30	$	0.26		86.7	%	$	1.85	$	1.18	$	0.67		56.8	%
Diluted		0.55		0.30		0.25		83.3			1.83		1.16		0.67		57.8
Weighted Average Shares Outstanding
Basic		697,117		693,993		3,124		0.5			696,532		692,489		4,043		0.6
Diluted		706,178		702,781		3,397		0.5			705,168		701,039		4,129		0.6
NM - not meaningful.

3

BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands) 

	Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Interest Income
Interest and fees on loans and leases	$	1,530		$	1,546		$	1,523		$	1,520		$	1,566
Interest and dividends on securities		235			199			163			150			185
Interest on other earning assets		4			5			4			6			4
Total interest income		1,769			1,750			1,690			1,676			1,755
Interest Expense
Interest on deposits		137			150			152			171			192
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		1			3			3			4			6
Interest on long-term debt		179			181			181			216			225
Total interest expense		317			334			336			391			423
Net interest income		1,452			1,416			1,354			1,285			1,332
Provision for credit losses		272			250			328			340			643
Net interest income after provision for credit loss		1,180			1,166			1,026			945			689
Noninterest income
Insurance income		254			241			299			250			249
Service charges on deposits		142			141			145			135			143
Mortgage banking income		135			123			83			95			138
Investment banking and brokerage fees and commissions		75			81			90			87			97
Checkcard fees		42			78			79			72			73
Bankcard fees and merchant discounts		55			51			52			46			47
Trust and investment advisory revenues		42			43			45			43			42
Income from bank-owned life insurance		30			33			29			30			31
FDIC loss share income, net		(46	)		(104	)		(81	)		(58	)		-
Securities gains (losses), net		103			(39	)		(2	)		-			99
Other income		90			42			48			14			45
Total noninterest income		922			690			787			714			964
Noninterest Expense
Personnel expense		679			671			683			694			679
Foreclosed property expense		346			168			145			143			162
Occupancy and equipment expense		159			151			152			154			155
Professional services		49			56			38			31			48
Regulatory charges		46			46			59			61			59
Loan processing expenses		59			55			57			56			51
Amortization of intangibles		24			24			25			26			28
Software expense		33			30			29			26			30
Merger-related and restructuring charges, net		16			-			2			(2	)		4
Other expenses		207			216			205			183			205
Total noninterest expense		1,618			1,417			1,395			1,372			1,421
Earnings
Income before income taxes		484			439			418			287			232
Provision for income taxes		84			68			91			53			15
Net Income		400			371			327			234			217
Noncontrolling interest		9			5			20			9			9
Net income available to common shareholders	$	391		$	366		$	307		$	225		$	208
Earnings Per Common Share
Basic	$	0.56		$	0.52		$	0.44		$	0.32		$	0.30
Diluted		0.55			0.52			0.44			0.32			0.30
Weighted Average Shares Outstanding
Basic		697,117			697,052			696,625			695,309			693,993
Diluted		706,178			705,604			704,969			704,101			702,781

4

BB&T Corporation
Lines of Business Financial Performance (1)
Quarter Ended December 31, 2011 and 2010
(Dollars in millions) 

								Residential								Dealer
	Community Banking							Mortgage Banking								Financial Services								Specialized Lending
	Dec. 31		Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent
	2011		2010			Change		2011			2010			Change		2011			2010			Change		2011			2010			Change
Net interest income (expense)	$	498	$	474		5.1	%	$	271		$	256		5.9	%	$	214			214		-	%	$	167		$	158		5.7	%
Net intersegment interest income
(expense)		388		460		(15.7	)		(187	)		(179	)	4.5			(65	)		(80	)	(18.8	)		(47	)		(42	)	11.9
Net interest income (expense)
and intersegment		886		934		(5.1	)		84			77		9.1			149			134		11.2			120			116		3.4
Allocated provision for loan
and lease losses		123		465		(73.5	)		41			111		(63.1	)		42			29		44.8			24			28		(14.3	)
Noninterest income		242		283		(14.5	)		110			114		(3.5	)		2			2		-			57			52		9.6
Intersegment net referral fees
(expense)		40		48		(16.7	)		-			-		NM			-			-		NM			-			-		NM
Noninterest expense		744		615		21.0			88			74		18.9			27			27		-			67			66		1.5
Amortization of intangibles		11		14		(21.4	)		-			-		NM			-			-		NM			1			1		-
Allocated corporate expenses		217		192		13.0			8			6		33.3			6			6		-			6			9		(33.3	)
Income (loss) before income taxes		73		(21	)	NM			57			-		NM			76			74		2.7			79			64		23.4
Provision (benefit) for income
taxes		24		(12	)	NM			21			-		NM			28			28		-			16			10		60.0
Segment net income (loss)	$	49	$	(9	)	NM		$	36		$	-		NM		$	48		$	46		4.3		$	63		$	54		16.7
Identifiable segment assets
(period end)	$	60,948	$	63,244		(3.6	)	$	25,471		$	22,183		14.8		$	9,874		$	9,418		4.8		$	16,756		$	14,945		12.1
																Other, Treasury									Total BB&T
	Insurance Services							Financial Services								& Corporate (2)									Corporation
	Dec. 31		Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent
	2011		2010			Change		2011			2010			Change		2011			2010			Change		2011			2010			Change
Net interest income (expense)	$	-	$	1		(100.0	) %	$	30		$	29		3.4	%	$	272		$	200		36.0	%	$	1,452	$		1,332		9.0	%
Net intersegment interest income
(expense)		2		1		100.0			78			55		41.8			(169	)		(215	)	(21.4	)		-			-		NM
Net interest income (expense)
and intersegment		2		2		-			108			84		28.6			103			(15	)	NM			1,452			1,332		9.0
Allocated provision for loan
and lease losses		-		-		NM			9			17		(47.1	)		33			(7	)	NM			272			643		(57.7	)
Noninterest income		256		250		2.4			183			189		(3.2	)		72			74		(2.7	)		922			964		(4.4	)
Intersegment net referral fees
(expense)		-		-		NM			5			6		(16.7	)		(45	)		(54	)	(16.7	)		-			-		NM
Noninterest expense		190		187		1.6			146			141		3.5			332			283		17.3			1,594			1,393		14.4
Amortization of intangibles		11		11		-			1			1		-			-			1		(100.0	)		24			28		(14.3	)
Allocated corporate expenses		18		17		5.9			7			8		(12.5	)		(262	)		(238	)	10.1			-			-		NM
Income (loss) before income taxes		39		37		5.4			133			112		18.8			27			(34	)	(179.4	)		484			232		108.6
Provision (benefit) for income
taxes		13		12		8.3			49			54		(9.3	)		(67	)		(77	)	(13.0	)		84			15		NM
Segment net income (loss)	$	26	$	25		4.0		$	84		$	58		44.8		$	94		$	43		118.6		$	400	$		217		84.3
Identifiable segment assets
(period end)	$	2,352	$	2,294		2.5		$	7,546		$	6,053		24.7		$	51,632		$	38,944		32.6		$	174,579	$		157,081		11.1

(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM	- not meaningful.

5

BB&T Corporation
Lines of Business Financial Performance (1)
Year-To-Date December 31, 2011 and 2010
(Dollars in millions) 

							Residential Mortgage Banking								Dealer Financial Services
	Community Banking																						Specialized Lending
	Dec. 31		Dec. 31		Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent
	2011		2010		Change		2011			2010			Change		2011			2010			Change		2011			2010			Change
Net interest income (expense)	$	1,933	$	1,771	9.1	%	$	1,024		$	981		4.4	%	$	852		$	858		(0.7	) %	$	635		$	591		7.4	%
Net intersegment interest income
(expense)		1,637		2,033	(19.5	)		(737	)		(721	)	2.2			(277	)		(344	)	(19.5	)		(184	)		(184	)	-
Net interest income (expense)
and intersegment		3,570		3,804	(6.2	)		287			260		10.4			575			514		11.9			451			407		10.8
Allocated provision for loan
and lease losses		608		1,801	(66.2	)		326			553		(41.0	)		125			93		34.4			68			110		(38.2	)
Noninterest income		1,019		1,200	(15.1	)		348			457		(23.9	)		8			4		100.0			210			176		19.3
Intersegment net referral fees
(expense)		134		146	(8.2	)		-			-		NM			-			-		NM			-			-		NM
Noninterest expense		2,370		2,401	(1.3	)		306			264		15.9			105			105		-			265			245		8.2
Amortization of intangibles		47		66	(28.8	)		-			-		NM			1			1		-			5			6		(16.7	)
Allocated corporate expenses		866		771	12.3			30			23		30.4			25			22		13.6			26			35		(25.7	)
Income (loss) before income taxes		832		111	NM			(27	)		(123	)	(78.0	)		327			297		10.1			297			187		58.8
Provision (benefit) for income
taxes		299		35	NM			(10	)		(46	)	(78.3	)		123			112		9.8			59			19		NM
Segment net income (loss)	$	533	$	76	NM		$	(17	)	$	(77	)	(77.9	)	$	204		$	185		10.3		$	238		$	168		41.7
Identifiable segment assets
(period end)	$	60,948	$	63,244	(3.6	)	$	25,471		$	22,183		14.8		$	9,874		$	9,418		4.8		$	16,756		$	14,945		12.1
															Other, Treasury								Total BB&T
	Insurance Services						Financial Services								& Corporate (2)								Corporation
	Dec. 31		Dec. 31		Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent		Dec. 31			Dec. 31			Percent
	2011		2010		Change		2011			2010			Change		2011			2010			Change		2011			2010			Change
Net interest income (expense)	$	2	$	3	(33.3	) %	$	111		$	99		12.1	%	$	950		$	1,017		(6.6	) %	$	5,507		$	5,320		3.5	%
Net intersegment interest income
(expense)		6		6	-			259			215		20.5			(704	)		(1,005	)	(30.0	)		-			-		NM
Net interest income (expense)
and intersegment		8		9	(11.1	)		370			314		17.8			246			12		NM			5,507			5,320		3.5
Allocated provision for loan
and lease losses		-		-	NM			3			45		(93.3	)		60			36		66.7			1,190			2,638		(54.9	)
Noninterest income		1,040		1,033	0.7			692			657		5.3			(204	)		430		(147.4	)		3,113			3,957		(21.3	)
Intersegment net referral fees
(expense)		-		-	NM			19			16		18.8			(153	)		(162	)	(5.6	)		-			-		NM
Noninterest expense		796		785	1.4			583			534		9.2			1,278			1,214		5.3			5,703			5,548		2.8
Amortization of intangibles		42		45	(6.7	)		3			3		-			1			1		-			99			122		(18.9	)
Allocated corporate expenses		61		57	7.0			31			32		(3.1	)		(1,039	)		(940	)	10.5			-			-		NM
Income (loss) before income taxes		149		155	(3.9	)		461			373		23.6			(411	)		(31	)	NM			1,628			969		68.0
Provision (benefit) for income
taxes		45		52	(13.5	)		170			139		22.3			(390	)		(196	)	99.0			296			115		157.4
Segment net income (loss)	$	104	$	103	1.0		$	291		$	234		24.4		$	(21	)	$	165		(112.7	)	$	1,332		$	854		56.0
Identifiable segment assets
(period end)	$	2,352	$	2,294	2.5		$	7,546		$	6,053		24.7		$	51,632		$	38,944		32.6		$	174,579		$	157,081		11.1

(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM	- not meaningful.

6

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions) 

		Quarter Ended
Community Banking		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	498		$	485		$	482		$	468		$	474
Net intersegment interest income (expense)		388			403			418			428			460
Net interest income (expense) and intersegment		886			888			900			896			934
Allocated provision for loan and lease losses		123			150			129			206			465
Noninterest income		242			285			298			194			283
Intersegment net referral fees (expense)		40			33			29			32			48
Noninterest expense		744			552			531			543			615
Amortization of intangibles		11			11			12			13			14
Allocated corporate expenses		217			216			216			217			192
Income (loss) before income taxes		73			277			339			143			(21	)
Provision (benefit) for income taxes		24			100			124			51			(12	)
Segment net income (loss)	$	49		$	177		$	215		$	92		$	(9	)
Identifiable segment assets (period end)	$	60,948		$	60,878		$	61,277		$	62,167		$	63,244
		Quarter Ended
Residential Mortgage Banking		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	271		$	255		$	244		$	254		$	256
Net intersegment interest income (expense)		(187	)		(183	)		(183	)		(184	)		(179	)
Net interest income (expense) and intersegment		84			72			61			70			77
Allocated provision for loan and lease losses		41			58			146			81			111
Noninterest income		110			101			62			75			114
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		88			80			72			66			74
Amortization of intangibles		-			-			-			-			-
Allocated corporate expenses		8			7			8			7			6
Income (loss) before income taxes		57			28			(103	)		(9	)		-
Provision (benefit) for income taxes		21			11			(39	)		(3	)		-
Segment net income (loss)	$	36		$	17		$	(64	)	$	(6	)	$	-
Identifiable segment assets (period end)	$	25,471		$	23,270		$	21,625		$	21,669		$	22,183
		Quarter Ended
Dealer Financial Services		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	214		$	216		$	212		$	210		$	214
Net intersegment interest income (expense)		(65	)		(67	)		(71	)		(74	)		(80	)
Net interest income (expense) and intersegment		149			149			141			136			134
Allocated provision for loan and lease losses		42			24			26			33			29
Noninterest income		2			2			2			2			2
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		27			26			27			25			27
Amortization of intangibles		-			1			-			-			-
Allocated corporate expenses		6			6			7			6			6
Income (loss) before income taxes		76			94			83			74			74
Provision (benefit) for income taxes		28			36			31			28			28
Segment net income (loss)	$	48		$	58		$	52		$	46		$	46
Identifiable segment assets (period end)	$	9,874		$	9,804		$	9,682		$	9,481		$	9,418
		Quarter Ended
Specialized Lending		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	167		$	163		$	154		$	151		$	158
Net intersegment interest income (expense)		(47	)		(48	)		(44	)		(45	)		(42	)
Net interest income (expense) and intersegment		120			115			110			106			116
Allocated provision for loan and lease losses		24			27			17			-			28
Noninterest income		57			53			50			50			52
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		67			68			67			63			66
Amortization of intangibles		1			1			2			1			1
Allocated corporate expenses		6			7			6			7			9
Income (loss) before income taxes		79			65			68			85			64
Provision (benefit) for income taxes		16			11			13			19			10
Segment net income (loss)	$	63		$	54		$	55		$	66		$	54
Identifiable segment assets (period end)	$	16,756		$	16,079		$	15,161		$	14,398		$	14,945

(1) Lines of business results are preliminary.

7

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions) 

		Quarter Ended
Insurance Services		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	-		$	1		$	-		$	1		$	1
Net intersegment interest income (expense)		2			1			2			1			1
Net interest income (expense) and intersegment		2			2			2			2			2
Allocated provision for loan and lease losses		-			-			-			-			-
Noninterest income		256			238			297			249			250
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		190			201			208			197			187
Amortization of intangibles		11			10			11			10			11
Allocated corporate expenses		18			14			15			14			17
Income (loss) before income taxes		39			15			65			30			37
Provision (benefit) for income taxes		13			5			18			9			12
Segment net income (loss)	$	26		$	10		$	47		$	21		$	25
Identifiable segment assets (period end)	$	2,352		$	2,135		$	2,343		$	2,252		$	2,294
		Quarter Ended
Financial Services		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	30		$	28		$	29		$	24		$	29
Net intersegment interest income (expense)		78			69			58			54			55
Net interest income (expense) and intersegment		108			97			87			78			84
Allocated provision for loan and lease losses		9			-			(2	)		(4	)		17
Noninterest income		183			171			172			166			189
Intersegment net referral fees (expense)		5			5			4			5			6
Noninterest expense		146			146			147			144			141
Amortization of intangibles		1			-			1			1			1
Allocated corporate expenses		7			9			8			7			8
Income (loss) before income taxes		133			118			109			101			112
Provision (benefit) for income taxes		49			44			40			37			54
Segment net income (loss)	$	84		$	74		$	69		$	64		$	58
Identifiable segment assets (period end)	$	7,546		$	6,700		$	6,373		$	6,010		$	6,053
		Quarter Ended
Other, Treasury & Corporate (2)		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	272		$	268		$	233		$	177		$	200
Net intersegment interest income (expense)		(169	)		(175	)		(180	)		(180	)		(215	)
Net interest income (expense) and intersegment		103			93			53			(3	)		(15	)
Allocated provision for loan and lease losses		33			(9	)		12			24			(7	)
Noninterest income		72			(160	)		(94	)		(22	)		74
Intersegment net referral fees (expense)		(45	)		(38	)		(33	)		(37	)		(54	)
Noninterest expense		332			320			318			308			283
Amortization of intangibles		-			1			(1	)		1			1
Allocated corporate expenses		(262	)		(259	)		(260	)		(258	)		(238	)
Income (loss) before income taxes		27			(158	)		(143	)		(137	)		(34	)
Provision (benefit) for income taxes		(67	)		(139	)		(96	)		(88	)		(77	)
Segment net income (loss)	$	94		$	(19	)	$	(47	)	$	(49	)	$	43
Identifiable segment assets (period end)	$	51,632		$	48,811		$	42,849		$	41,062		$	38,944
		Quarter Ended
Total BB&T Corporation		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Net interest income (expense)	$	1,452		$	1,416		$	1,354		$	1,285		$	1,332
Net intersegment interest income (expense)		-			-			-			-			-
Net interest income (expense) and intersegment		1,452			1,416			1,354			1,285			1,332
Allocated provision for loan and lease losses		272			250			328			340			643
Noninterest income		922			690			787			714			964
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		1,594			1,393			1,370			1,346			1,393
Amortization of intangibles		24			24			25			26			28
Allocated corporate expenses		-			-			-			-			-
Income (loss) before income taxes		484			439			418			287			232
Provision (benefit) for income taxes		84			68			91			53			15
Segment net income (loss)	$	400		$	371		$	327		$	234		$	217
Identifiable segment assets (period end)	$	174,579		$	167,677		$	159,310		$	157,039		$	157,081

(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

8

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions) 

		As of December 31						Change
		2011			2010			$		%
Assets
Cash and due from banks	$	1,562		$	1,127		$	435		38.6	%
Interest-bearing deposits with banks		2,646			931			1,715		184.2
Federal funds sold and securities purchased under
resale agreements or similar arrangements		136			327			(191	)	(58.4	)
Segregated cash due from banks		20			309			(289	)	(93.5	)
Trading securities at fair value		534			633			(99	)	(15.6	)
Securities available for sale at fair value (1)		22,313			23,169			(856	)	(3.7	)
Securities held to maturity		14,094			-			14,094		NM
Loans and leases:
Commercial loans and leases
Commercial and industrial		36,415			34,050			2,365		6.9
Commercial real estate—other		10,689			11,439			(750	)	(6.6	)
Commercial real estate—residential ADC (2)		2,061			3,397			(1,336	)	(39.3	)
Direct retail lending		14,467			13,749			718		5.2
Sales finance loans		7,401			7,050			351		5.0
Revolving credit loans		2,212			2,127			85		4.0
Residential mortgage loans		20,581			17,550			3,031		17.3
Other lending subsidiaries		8,737			7,953			784		9.9
Other acquired loans		39			58			(19	)	(32.8	)
Total loans and leases held for investment (excluding covered loans)		102,602			97,373			5,229		5.4
Covered loans		4,867			6,194			(1,327	)	(21.4	)
Total loans and leases held for investment		107,469			103,567			3,902		3.8
Loans held for sale		3,736			3,697			39		1.1
Total loans and leases		111,205			107,264			3,941		3.7
Allowance for loan and lease losses		(2,256	)		(2,708	)		452		(16.7	)
FDIC loss share receivable		1,100			1,922			(822	)	(42.8	)
Premises and equipment		1,855			1,840			15		0.8
Goodwill		6,078			6,008			70		1.2
Core deposit and other intangible assets		444			508			(64	)	(12.6	)
Residential mortgage servicing rights at fair value		563			830			(267	)	(32.2	)
Other assets (3)		14,285			14,921			(636	)	(4.3	)
Total assets	$	174,579		$	157,081		$	17,498		11.1	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	25,684		$	20,637		$	5,047		24.5	%
Interest checking		20,701			17,908			2,793		15.6
Money market and savings		44,618			36,964			7,654		20.7
Certificates and other time deposits		33,899			27,167			6,732		24.8
Foreign office deposits - interest-bearing		37			4,537			(4,500	)	(99.2	)
Total deposits		124,939			107,213			17,726		16.5
Fed funds purchased, repos and other borrowings		3,566			5,673			(2,107	)	(37.1	)
Long-term debt		21,803			21,730			73		0.3
Other liabilities		6,791			5,967			824		13.8
Total liabilities		157,099			140,583			16,516		11.7
Shareholders' equity:
Common stock		3,486			3,472			14		0.4
Additional paid-in capital		5,873			5,776			97		1.7
Retained earnings		8,772			7,935			837		10.5
Accumulated other comprehensive loss		(713	)		(747	)		34		(4.6	)
Noncontrolling interest		62			62			-		-
Total shareholders' equity		17,480			16,498			982		6.0
Total liabilities and shareholders' equity	$	174,579		$	157,081		$	17,498		11.1	%

(1)	Includes $1.6 billion and $1.5 billion at December 31, 2011 and 2010, respectively, covered by FDIC loss sharing agreements.
(2)	Commercial real estate - residential ADC represents residential acquisition, development and construction loans.
(3)	Includes $415 million and $360 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2011 and 2010, respectively.
NM	- not meaningful.

9

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions) 

		As of
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Assets
Cash and due from banks	$	1,562		$	1,312		$	1,199		$	1,030		$	1,127
Interest-bearing deposits with banks		2,646			2,907			1,337			865			931
Federal funds sold and securities purchased under
resale agreements or similar arrangements		136			185			250			305			327
Segregated cash due from banks		20			19			19			153			309
Trading securities at fair value		534			428			564			730			633
Securities available for sale at fair value (1)		22,313			24,649			19,409			17,887			23,169
Securities held to maturity		14,094			8,135			8,552			8,333			-
Loans and leases:
Commercial loans and leases
Commercial and industrial		36,415			34,817			34,166			33,587			34,050
Commercial real estate—other		10,689			10,931			11,134			11,277			11,439
Commercial real estate—residential ADC		2,061			2,414			2,689			3,061			3,397
Direct retail lending		14,467			13,882			13,679			13,612			13,749
Sales finance loans		7,401			7,265			7,236			7,121			7,050
Revolving credit loans		2,212			2,128			2,091			2,063			2,127
Residential mortgage loans		20,581			19,361			18,372			18,228			17,550
Other lending subsidiaries		8,737			8,636			8,464			7,767			7,953
Other acquired loans		39			47			50			56			58
Total loans and leases held for investment (excluding covered loans)		102,602			99,481			97,881			96,772			97,373
Covered loans		4,867			5,222			5,504			5,803			6,194
Total loans and leases held for investment		107,469			104,703			103,385			102,575			103,567
Loans held for sale		3,736			2,746			1,965			2,312			3,697
Total loans and leases		111,205			107,449			105,350			104,887			107,264
Allowance for loan and lease losses		(2,256	)		(2,355	)		(2,516	)		(2,641	)		(2,708	)
FDIC loss share receivable		1,100			1,221			1,446			1,580			1,922
Premises and equipment		1,855			1,864			1,846			1,830			1,840
Goodwill		6,078			6,016			6,016			6,014			6,008
Core deposit and other intangible assets		444			433			457			483			508
Residential mortgage servicing rights at fair value		563			573			879			928			830
Other assets (2)		14,285			14,841			14,502			14,655			14,921
Total assets	$	174,579		$	167,677		$	159,310		$	157,039		$	157,081
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	25,684		$	24,557		$	22,507		$	21,864		$	20,637
Interest checking		20,701			18,971			18,660			17,701			17,908
Money market and savings		44,618			43,858			39,356			40,388			36,964
Certificates and other time deposits		33,899			30,142			26,865			25,952			27,167
Foreign office deposits - interest-bearing		37			39			676			1,008			4,537
Total deposits		124,939			117,567			108,064			106,913			107,213
Fed funds purchased, repos and other borrowings		3,566			3,953			4,842			5,186			5,673
Long-term debt		21,803			22,153			23,380			22,591			21,730
Other liabilities		6,791			6,463			5,975			5,679			5,967
Total liabilities		157,099			150,136			142,261			140,369			140,583
Shareholders' equity:
Common stock		3,486			3,486			3,484			3,481			3,472
Additional paid-in capital		5,873			5,856			5,830			5,794			5,776
Retained earnings		8,772			8,493			8,241			8,042			7,935
Accumulated other comprehensive loss		(713	)		(356	)		(574	)		(706	)		(747	)
Noncontrolling interest		62			62			68			59			62
Total shareholders' equity		17,480			17,541			17,049			16,670			16,498
Total liabilities and shareholders' equity	$	174,579		$	167,677		$	159,310		$	157,039		$	157,081

(1)	Includes $1.6 billion, $1.7 billion, $1.7 billion, $1.7 billion and $1.5 billion at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively, covered by FDIC loss sharing agreements.
(2)	Includes $415 million, $387 million, $390 million, $401 million and $360 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.

10

BB&T Corporation
Average Balance Sheets
(Dollars in millions) 

		Quarter Ended									Year-to-Date
		December 31				Change					December 31				Change
		2011		2010		$		%			2011		2010		$		%
Assets
Total securities, at amortized cost (1)
U.S. government-sponsored entities (GSE)	$	709	$	52	$	657		NM%		$	288	$	568	$	(280	)	(49.3	) %
Mortgage-backed securities issued by GSE		31,053		21,067		9,986		47.4			25,305		22,310		2,995		13.4
States and political subdivisions		1,861		1,987		(126	)	(6.3	)		1,895		2,047		(152	)	(7.4	)
Non-agency mortgage-backed securities		459		1,025		(566	)	(55.2	)		528		1,174		(646	)	(55.0	)
Other securities		544		641		(97	)	(15.1	)		658		313		345		110.2
Covered securities		1,241		1,216		25		2.1			1,249		1,198		51		4.3
Total securities		35,867		25,988		9,879		38.0			29,923		27,610		2,313		8.4
Other earning assets		2,974		2,995		(21	)	(0.7	)		3,207		2,933		274		9.3
Loans and leases
Commercial loans and leases
Commercial and industrial		35,232		32,733		2,499		7.6			34,153		32,028		2,125		6.6
Commercial real estate—other		10,839		11,661		(822	)	(7.0	)		11,139		12,056		(917	)	(7.6	)
Commercial real estate—residential ADC		2,298		3,650		(1,352	)	(37.0	)		2,769		4,693		(1,924	)	(41.0	)
Direct retail lending		14,141		13,770		371		2.7			13,800		13,948		(148	)	(1.1	)
Sales finance loans		7,308		7,015		293		4.2			7,202		6,766		436		6.4
Revolving credit loans		2,159		2,086		73		3.5			2,106		2,032		74		3.6
Residential mortgage loans		20,051		16,974		3,077		18.1			18,782		15,965		2,817		17.6
Other lending subsidiaries		8,627		7,937		690		8.7			8,280		7,778		502		6.5
Other acquired loans		42		63		(21	)	(33.3	)		50		85		(35	)	(41.2	)
Total loans and leases held for investment
(excluding covered loans)		100,697		95,889		4,808		5.0			98,281		95,351		2,930		3.1
Covered loans		5,109		6,488		(1,379	)	(21.3	)		5,498		7,059		(1,561	)	(22.1	)
Total loans and leases held for investment		105,806		102,377		3,429		3.3			103,779		102,410		1,369		1.3
Loans held for sale		2,717		3,569		(852	)	(23.9	)		2,183		2,377		(194	)	(8.2	)
Total loans and leases		108,523		105,946		2,577		2.4			105,962		104,787		1,175		1.1
Total earning assets		147,364		134,929		12,435		9.2			139,092		135,330		3,762		2.8
Nonearning assets		24,132		24,535		(403	)	(1.6	)		23,874		24,328		(454	)	(1.9	)
Total assets	$	171,496	$	159,464	$	12,032		7.5	%	$	162,966	$	159,658	$	3,308		2.1	%
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits	$	25,216	$	21,027	$	4,189		19.9	%	$	22,945	$	19,742	$	3,203		16.2	%
Interest checking		19,467		16,628		2,839		17.1			18,614		16,477		2,137		13.0
Money market and savings		44,789		36,341		8,448		23.2			41,287		34,942		6,345		18.2
Certificates and other time deposits		32,290		28,085		4,205		15.0			28,825		33,699		(4,874	)	(14.5	)
Foreign office deposits - interest-bearing		163		3,511		(3,348	)	(95.4	)		647		1,913		(1,266	)	(66.2	)
Total deposits		121,925		105,592		16,333		15.5			112,318		106,773		5,545		5.2
Fed funds purchased, repos and other borrowings		3,727		9,446		(5,719	)	(60.5	)		5,189		9,022		(3,833	)	(42.5	)
Long-term debt		21,689		21,890		(201	)	(0.9	)		22,257		21,653		604		2.8
Other liabilities		6,400		5,585		815		14.6			5,935		5,324		611		11.5
Total liabilities		153,741		142,513		11,228		7.9			145,699		142,772		2,927		2.1
Shareholders' equity		17,755		16,951		804		4.7			17,267		16,886		381		2.3
Total liabilities and shareholders' equity	$	171,496	$	159,464	$	12,032		7.5	%	$	162,966	$	159,658	$	3,308		2.1	%

Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.
NM	- not meaningful

11

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions) 

		Quarter Ended
		Dec. 31		Sept. 30		June 30		March 31		Dec. 31
		2011		2011		2011		2011		2010
Assets
Total securities, at amortized cost (1)
U.S. government-sponsored entities (GSE)	$	709	$	236	$	106	$	93	$	52
Mortgage-backed securities issued by GSE		31,053		27,104		22,516		20,409		21,067
States and political subdivisions		1,861		1,864		1,889		1,969		1,987
Non-agency mortgage-backed securities		459		511		547		595		1,025
Other securities		544		598		745		750		641
Covered securities		1,241		1,254		1,257		1,243		1,216
Total securities		35,867		31,567		27,060		25,059		25,988
Other earning assets		2,974		4,034		2,834		2,978		2,995
Loans and leases
Commercial loans and leases
Commercial and industrial		35,232		34,280		33,647		33,433		32,733
Commercial real estate—other		10,839		11,069		11,287		11,368		11,661
Commercial real estate—residential ADC		2,298		2,576		2,933		3,281		3,650
Direct retail lending		14,141		13,754		13,629		13,672		13,770
Sales finance loans		7,308		7,234		7,184		7,080		7,015
Revolving credit loans		2,159		2,109		2,070		2,082		2,086
Residential mortgage loans		20,051		18,818		18,311		17,926		16,974
Other lending subsidiaries		8,627		8,652		8,029		7,797		7,937
Other acquired loans		42		48		53		57		63
Total loans and leases held for investment (excluding covered loans)		100,697		98,540		97,143		96,696		95,889
Covered loans		5,109		5,342		5,625		5,927		6,488
Total loans and leases held for investment		105,806		103,882		102,768		102,623		102,377
Loans held for sale		2,717		1,776		1,573		2,671		3,569
Total loans and leases		108,523		105,658		104,341		105,294		105,946
Total earning assets		147,364		141,259		134,235		133,331		134,929
Nonearning assets		24,132		24,261		23,495		23,600		24,535
Total assets	$	171,496	$	165,520	$	157,730	$	156,931	$	159,464
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits	$	25,216	$	23,370	$	22,151	$	20,990	$	21,027
Interest checking		19,467		19,004		18,337		17,622		16,628
Money market and savings		44,789		42,174		39,388		38,724		36,341
Certificates and other time deposits		32,290		30,140		25,977		26,815		28,085
Foreign office deposits - interest-bearing		163		368		613		1,463		3,511
Total deposits		121,925		115,056		106,466		105,614		105,592
Fed funds purchased, repos and other borrowings		3,727		4,307		5,486		7,286		9,446
Long-term debt		21,689		22,347		23,114		21,879		21,890
Other liabilities		6,400		6,259		5,592		5,479		5,585
Total liabilities		153,741		147,969		140,658		140,258		142,513
Shareholders' equity		17,755		17,551		17,072		16,673		16,951
Total liabilities and shareholders' equity	$	171,496	$	165,520	$	157,730	$	156,931	$	159,464

Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.

12

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions) 

		Quarter Ended
		December 31, 2011						September 30, 2011
		(1)		Interest	(2)			(1)		Interest	(2)
		Average		Income/	Yields/			Average		Income/	Yields/
		Balances		Expense	Rates			Balances		Expense	Rates
Assets
Total securities, at amortized cost (3)
U.S. government-sponsored entities (GSE)	$	709	$	2	1.57	%	$	236	$	1	0.88	%
Mortgage-backed securities issued by GSE		31,053		164	2.12			27,104		129	1.89
States and political subdivisions		1,861		28	5.82			1,864		26	5.78
Non-agency mortgage-backed securities		459		8	7.26			511		9	6.90
Other securities		544		2	1.61			598		2	1.55
Covered securities		1,241		43	13.89			1,254		45	14.21
Total securities		35,867		247	2.76			31,567		212	2.68
Other earning assets		2,974		4	0.57			4,034		6	0.51
Loans and leases
Commercial loans and leases
Commercial and industrial		35,232		368	4.14			34,280		363	4.21
Commercial real estate—other		10,839		105	3.82			11,069		105	3.78
Commercial real estate—residential ADC		2,298		20	3.46			2,576		23	3.53
Direct retail lending		14,141		179	5.03			13,754		177	5.10
Sales finance loans		7,308		84	4.56			7,234		87	4.78
Revolving credit loans		2,159		48	8.68			2,109		46	8.77
Residential mortgage loans		20,051		232	4.65			18,818		228	4.83
Other lending subsidiaries		8,627		247	11.36			8,652		246	11.28
Other acquired loans		42		4	37.22			48		4	33.74
Total loans and leases held for investment
(excluding covered loans)		100,697		1,287	5.08			98,540		1,279	5.16
Covered loans		5,109		244	18.96			5,342		273	20.29
Total loans and leases held for investment		105,806		1,531	5.75			103,882		1,552	5.94
Loans held for sale		2,717		25	3.71			1,776		18	3.98
Total loans and leases		108,523		1,556	5.69			105,658		1,570	5.91
Total earning assets		147,364		1,807	4.88			141,259		1,788	5.03
Nonearning assets		24,132						24,261
Total assets	$	171,496					$	165,520
Liabilities and Shareholders' Equity
Interest-bearing deposits
Interest checking	$	19,467		7	0.15		$	19,004		8	0.16
Money market and savings		44,789		24	0.21			42,174		30	0.29
Certificates and other time deposits		32,290		106	1.30			30,140		112	1.47
Foreign office deposits - interest-bearing		163		-	0.03			368		-	0.04
Total interest-bearing deposits		96,709		137	0.56			91,686		150	0.65
Fed funds purchased, repos and other borrowings		3,727		2	0.24			4,307		3	0.31
Long-term debt		21,689		179	3.28			22,347		181	3.22
Total interest-bearing liabilities		122,125		318	1.04			118,340		334	1.12
Noninterest-bearing deposits		25,216						23,370
Other liabilities		6,400						6,259
Shareholders' equity		17,755						17,551
Total liabilities and shareholders' equity	$	171,496					$	165,520
Average interest-rate spread					3.84						3.91
Net interest income/ net interest margin			$	1,489	4.02	%			$	1,454	4.09	%
Taxable-equivalent adjustment			$	37					$	38

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

13

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions) 

		Quarter Ended
		June 30, 2011						March 31, 2011						December 31, 2010
		(1)		Interest	(2)			(1)		Interest	(2)			(1)		Interest	(2)
		Average		Income/	Yields/			Average		Income/	Yields/			Average		Income/	Yields/
		Balances		Expense	Rates			Balances		Expense	Rates			Balances		Expense	Rates
Assets
Total securities, at amortized cost (3)
U.S. government-sponsored entities (GSE)	$	106	$	-	1.91	%	$	93	$	1	2.41	%	$	52	$	1	4.60	%
Mortgage-backed securities issued by GSE		22,516		95	1.69			20,409		84	1.65			21,067		102	1.95
States and political subdivisions		1,889		28	5.74			1,969		27	5.55			1,987		27	5.58
Non-agency mortgage-backed securities		547		8	6.44			595		10	6.38			1,025		15	5.93
Other securities		745		3	1.49			750		3	1.56			641		4	1.91
Covered securities		1,257		43	13.66			1,243		37	12.06			1,216		50	16.45
Total securities		27,060		177	2.62			25,059		162	2.59			25,988		199	3.07
Other earning assets		2,834		4	0.62			2,978		6	0.80			2,995		4	0.56
Loans and leases
Commercial loans and leases
Commercial and industrial		33,647		356	4.25			33,433		359	4.35			32,733		370	4.48
Commercial real estate—other		11,287		107	3.79			11,368		108	3.84			11,661		111	3.78
Commercial real estate—residential ADC		2,933		26	3.56			3,281		28	3.50			3,650		33	3.60
Direct retail lending		13,629		175	5.15			13,672		174	5.17			13,770		181	5.23
Sales finance loans		7,184		90	4.99			7,080		91	5.23			7,015		97	5.48
Revolving credit loans		2,070		45	8.75			2,082		46	8.90			2,086		46	8.62
Residential mortgage loans		18,311		219	4.80			17,926		223	4.97			16,974		218	5.14
Other lending subsidiaries		8,029		233	11.68			7,797		227	11.76			7,937		231	11.53
Other acquired loans		53		5	34.52			57		4	31.68			63		5	28.84
Total loans and leases held for investment
(excluding covered loans)		97,143		1,256	5.19			96,696		1,260	5.27			95,889		1,292	5.35
Covered loans		5,625		274	19.47			5,927		262	17.96			6,488		271	16.59
Total loans and leases held for investment		102,768		1,530	5.97			102,623		1,522	6.00			102,377		1,563	6.06
Loans held for sale		1,573		16	4.01			2,671		23	3.48			3,569		27	3.09
Total loans and leases		104,341		1,546	5.94			105,294		1,545	5.94			105,946		1,590	5.96
Total earning assets		134,235		1,727	5.16			133,331		1,713	5.19			134,929		1,793	5.28
Nonearning assets		23,495						23,600						24,535
Total assets	$	157,730					$	156,931					$	159,464
Liabilities and Shareholders' Equity
Interest-bearing deposits
Interest checking	$	18,337		8	0.16		$	17,622		7	0.17		$	16,628		7	0.16
Money market and savings		39,388		35	0.35			38,724		40	0.42			36,341		41	0.45
Certificates and other time deposits		25,977		111	1.72			26,815		124	1.88			28,085		144	2.03
Foreign office deposits - interest-bearing		613		(2)	(0.97	)		1,463		-	(0.26	)		3,511		-	0.03
Total interest-bearing deposits		84,315		152	0.72			84,624		171	0.82			84,565		192	0.90
Fed funds purchased, repos and other borrowings		5,486		4	0.22			7,286		5	0.30			9,446		7	0.29
Long-term debt		23,114		181	3.14			21,879		216	3.97			21,890		225	4.10
Total interest-bearing liabilities		112,915		337	1.19			113,789		392	1.39			115,901		424	1.45
Noninterest-bearing deposits		22,151						20,990						21,027
Other liabilities		5,592						5,479						5,585
Shareholders' equity		17,072						16,673						16,951
Total liabilities and shareholders' equity	$	157,730					$	156,931					$	159,464
Average interest-rate spread					3.97						3.80						3.83
Net interest income/ net interest margin			$	1,390	4.15	%		$		1,321	4.01	%			$	1,369	4.04	%
Taxable-equivalent adjustment			$	36				$		36					$	37

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

14

BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions) 

					Year-to-Date
		December 31, 2011						December 31, 2010
		(1)		Interest	(2)			(1)		Interest	(2)
		Average		Income/	Yields/			Average		Income/	Yields/
		Balances		Expense	Rates			Balances		Expense	Rates
Assets
Total securities, at amortized cost (3)
U.S. government-sponsored entities (GSE)	$	288	$	4	1.52	%	$	568	$	21	3.67	%
Mortgage-backed securities issued by GSE		25,305		472	1.86			22,310		723	3.24
States and political subdivisions		1,895		109	5.72			2,047		112	5.49
Non-agency mortgage-backed securities		528		35	6.72			1,174		69	5.87
Other securities		658		10	1.55			313		7	2.16
Covered securities		1,249		168	13.46			1,198		142	11.84
Total securities		29,923		798	2.67			27,610		1,074	3.89
Other earning assets		3,207		20	0.62			2,933		17	0.55
Loans and leases
Commercial loans and leases
Commercial and industrial		34,153		1,446	4.23			32,028		1,427	4.45
Commercial real estate—other		11,139		425	3.81			12,056		465	3.87
Commercial real estate—residential ADC		2,769		97	3.51			4,693		171	3.64
Direct retail lending		13,800		705	5.11			13,948		737	5.29
Sales finance loans		7,202		352	4.88			6,766		397	5.87
Revolving credit loans		2,106		185	8.77			2,032		178	8.74
Residential mortgage loans		18,782		902	4.80			15,965		859	5.38
Other lending subsidiaries		8,280		953	11.51			7,778		892	11.46
Other acquired loans		50		17	34.10			85		14	16.43
Total loans and leases held for investment
(excluding covered loans)		98,281		5,082	5.17			95,351		5,140	5.39
Covered loans		5,498		1,053	19.15			7,059		933	13.22
Total loans and leases held for investment		103,779		6,135	5.91			102,410		6,073	5.93
Loans held for sale		2,183		82	3.75			2,377		90	3.80
Total loans and leases		105,962		6,217	5.87			104,787		6,163	5.88
Total earning assets		139,092		7,035	5.06			135,330		7,254	5.36
Nonearning assets		23,874						24,328
Total assets	$	162,966				$		159,658
Liabilities and Shareholders' Equity
Interest-bearing deposits
Interest checking	$	18,614		30	0.16	$		16,477		29	0.17
Money market and savings		41,287		129	0.31			34,942		175	0.50
Certificates and other time deposits		28,825		453	1.57			33,699		715	2.12
Foreign office deposits - interest-bearing		647		(2)	(0.37	)		1,913		(2)	(0.11	)
Total interest-bearing deposits		89,373		610	0.68			87,031		917	1.05
Fed funds purchased, repos and other borrowings		5,189		14	0.27			9,022		26	0.28
Long-term debt		22,257		757	3.40			21,653		856	3.96
Total interest-bearing liabilities		116,819		1,381	1.18			117,706		1,799	1.53
Noninterest-bearing deposits		22,945						19,742
Other liabilities		5,935						5,324
Shareholders' equity		17,267						16,886
Total liabilities and shareholders' equity	$	162,966				$		159,658
Average interest-rate spread					3.88						3.83
Net interest income/ net interest margin			$	5,654	4.06	%			$	5,455	4.03	%
Taxable-equivalent adjustment			$	147					$	135

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

15

BB&T Corporation
Credit Quality
(Dollars in millions) 

		As of
		Dec. 31		Sept. 30		June 30		March 31		Dec. 31
		2011		2011		2011		2011		2010
Nonperforming assets (1)
Nonaccrual loans and leases
Commercial loans and leases
Commercial and industrial	$	582	$	579	$	611	$	594	$	508
Commercial real estate—other		394		438		467		508		405
Commercial real estate—residential ADC		376		428		460		568		513
Direct retail lending		142		151		172		182		191
Sales finance loans		7		7		7		9		6
Residential mortgage loans (6)		308		298		292		511		466
Other lending subsidiaries		63		56		52		55		60
Total nonaccrual loans and leases held for investment		1,872		1,957		2,061		2,427		2,149
Loans held for sale		-		26		116		189		521
Total nonaccrual loans and leases		1,872		1,983		2,177		2,616		2,670
Foreclosed real estate (2)		536		950		1,147		1,211		1,259
Other foreclosed property		42		36		29		36		42
Total nonperforming assets (excluding covered assets) (2)	$	2,450	$	2,969	$	3,353	$	3,863	$	3,971
Performing troubled debt restructurings (TDRs) (3)
Commercial loans and leases
Commercial and industrial	$	74	$	64	$	100	$	125	$	205
Commercial real estate—other		117		124		153		233		280
Commercial real estate—residential ADC		44		55		105		120		172
Direct retail lending		146		141		143		146		141
Sales finance loans		8		6		6		5		5
Revolving credit loans		62		63		62		62		62
Residential mortgage loans (7)		608		568		570		587		585
Other lending subsidiaries		50		46		39		31		26
Total performing TDRs (7)	$	1,109	$	1,067	$	1,178	$	1,309	$	1,476
Loans 90 days or more past due and still accruing
Commercial loans and leases
Commercial and industrial	$	2	$	1	$	4	$	6	$	8
Commercial real estate—other		-		2		4		20		4
Commercial real estate—residential ADC		-		-		-		5		8
Direct retail lending		55		52		59		59		76
Sales finance loans		18		19		21		23		27
Revolving credit loans		17		15		16		18		20
Residential mortgage loans (8)(10)		104		91		90		124		143
Other lending subsidiaries		5		5		7		6		6
Other acquired loans		1		2		2		2		3
Total loans 90 days past due and still accruing (excluding covered loans) (4)(8)(10)	$	202	$	187	$	203	$	263	$	295
Loans 30-89 days past due
Commercial loans and leases
Commercial and industrial	$	85	$	76	$	72	$	137	$	163
Commercial real estate—other		22		27		35		54		68
Commercial real estate—residential ADC		14		27		25		40		84
Direct retail lending		161		148		154		166		189
Sales finance loans		75		67		68		67		95
Revolving credit loans		22		23		22		24		28
Residential mortgage loans (9)(11)		479		445		426		444		532
Other lending subsidiaries		273		243		198		166		248
Other acquired loans		1		1		-		1		1
Total loans 30-89 days past due (excluding covered loans) (5)(9)(11)	$	1,132	$	1,057	$	1,000	$	1,099	$	1,408

(1)	Covered and other acquired loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually past due are noted in the footnotes below.
(2)	Excludes foreclosed real estate totaling $378 million, $355 million, $348 million, $362 million and $313 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively, that are covered by FDIC loss sharing agreements.
(3)	Excludes TDRs that are nonperforming totaling $280 million, $319 million, $381 million, $479 million and $479 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively. These amounts are included in total nonperforming assets.
(4)	Excludes loans past due 90 days or more that are covered by FDIC loss sharing agreements totaling $736 million, $872 million, $935 million, $1.2 billion and $1.1 billion at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.
(5)	Excludes loans past due 30-89 days that are covered by FDIC loss sharing agreements totaling $222 million, $211 million, $308 million, $252 million and $363 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.
(6)	Includes a reduction of $231 million in mortgage loans during the second quarter of 2011 in connection with BB&T's NPL disposition strategy.
(7)	Excludes restructured mortgage loans that are government guaranteed totaling $236 million, $214 million, $184 million, $148 million, and $129 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively. Includes mortgage loans held for sale.
(8)	Excludes mortgage loans past due 90 days or more that are government guaranteed totaling $206 million, $185 million, $162 million, $187 million and $153 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively. Includes past due mortgage loans held for sale.
(9)	Excludes mortgage loans past due 30-89 days that are government guaranteed totaling $91 million, $82 million, $78 million, $71 million and $83 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively. Includes past due mortgage loans held for sale.
(10)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 90 days or more totaling $426 million, $389 million, $389 million, $406 million and $425 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.
(11)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 30-89 days totaling $7 million, $7 million, $7 million, $6 million and $7 million at December 31, 2011, September 30, 2011, June 30, 2011, March 31, 2011 and December 31, 2010, respectively.

16

BB&T Corporation
Credit Quality
(Dollars in millions) 

		As of/For the Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Allowance for credit losses
Beginning balance	$	2,406		$	2,575		$	2,691		$	2,755		$	2,650
Provision for credit losses (excluding covered loans)		223			243			313			340			543
Provision for covered loans		49			7			15			-			100
Charge-offs
Commercial loans and leases (1)
Commercial and industrial		(81	)		(102	)		(62	)		(78	)		(103	)
Commercial real estate—other		(60	)		(64	)		(81	)		(68	)		(125	)
Commercial real estate—residential ADC		(92	)		(61	)		(78	)		(71	)		(107	)
Direct retail lending		(58	)		(74	)		(66	)		(78	)		(87	)
Sales finance loans		(8	)		(7	)		(7	)		(10	)		(12	)
Revolving credit loans		(21	)		(23	)		(24	)		(27	)		(28	)
Residential mortgage loans (2)		(45	)		(41	)		(129	)		(54	)		(58	)
Other lending subsidiaries		(53	)		(42	)		(43	)		(52	)		(57	)
Covered loans		(13	)		(53	)		-			-			-
Total charge-offs		(431	)		(467	)		(490	)		(438	)		(577	)
Recoveries
Commercial loans and leases (1)
Commercial and industrial		6			9			9			4			4
Commercial real estate—other		3			6			6			3			4
Commercial real estate—residential ADC		5			9			7			4			6
Direct retail lending		10			10			8			9			8
Sales finance loans		2			2			3			2			2
Revolving credit loans		5			4			5			5			4
Residential mortgage loans (2)		2			1			1			1			1
Other lending subsidiaries		5			7			7			6			10
Total recoveries		38			48			46			34			39
Net charge-offs		(393	)		(419	)		(444	)		(404	)		(538	)
Ending balance	$	2,285		$	2,406		$	2,575		$	2,691		$	2,755
Allowance for credit losses
Allowance for loan and lease losses (excluding covered loans)	$	2,107		$	2,242		$	2,357		$	2,497		$	2,564
Allowance for covered loans		149			113			159			144			144
Reserve for unfunded lending commitments		29			51			59			50			47
Total	$	2,285		$	2,406		$	2,575		$	2,691		$	2,755
											As of/For the
											Twelve Months Ended
											December 31
											2011			2010
Allowance for credit losses
Beginning balance										$	2,755		$	2,672
Provision for credit losses (excluding covered loans)											1,119			2,494
Provision for covered loans											71			144
Charge-offs
Commercial loans and leases (1)
Commercial and industrial											(323	)		(373	)
Commercial real estate—other											(273	)		(470	)
Commercial real estate—residential ADC											(302	)		(665	)
Direct retail lending											(276	)		(338	)
Sales finance loans											(32	)		(48	)
Revolving credit loans											(95	)		(118	)
Residential mortgage loans (2)											(269	)		(394	)
Other lending subsidiaries											(190	)		(252	)
Covered loans											(66	)		-
Total charge-offs											(1,826	)		(2,658	)
Recoveries
Commercial loans and leases (1)
Commercial and industrial											28			18
Commercial real estate—other											18			5
Commercial real estate—residential ADC											25			14
Direct retail lending											37			33
Sales finance loans											9			9
Revolving credit loans											19			16
Residential mortgage loans (2)											5			4
Other lending subsidiaries											25			31
Total recoveries											166			130
Net charge-offs											(1,660	)		(2,528	)
Other changes											-			(27	)
Ending balance										$	2,285		$	2,755

(1)	Includes net charge-offs of $26 million and $464 million during the fourth quarter and year to date 2010, respectively, in connection with BB&T's NPL disposition strategy.
(2)	Includes net charge-offs of $87 million in the second quarter of 2011 and $141 million in year to date 2010 in connection with BB&T's NPL disposition strategy.

17

BB&T Corporation
Credit Quality

	As of/For the Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
	2011		2011		2011		2011		2010
Asset Quality Ratios (including amounts related to covered loans
and covered foreclosed property)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)(2)	1.22	%	1.18	%	1.24	%	1.29	%	1.65	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)(2)	0.84		0.99		1.08		1.36		1.34
Nonperforming loans and leases as a
percentage of total loans and leases	1.68		1.85		2.07		2.49		2.49
Nonperforming assets as a percentage of:
Total assets	1.62		1.98		2.32		2.69		2.73
Loans and leases plus foreclosed property	2.52		3.05		3.46		3.97		3.94
Net charge-offs as a percentage of average loans and leases	1.44		1.57		1.71		1.56		2.02
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	2.10		2.25		2.43		2.58		2.62
Ratio of allowance for loan and lease losses to:
Net charge-offs	1.45	X	1.42	X	1.41	X	1.61	X	1.27	X
Nonperforming loans and leases held for investment	1.21		1.20		1.22		1.09		1.26
Asset Quality Ratios (excluding amounts related to covered loans
and covered foreclosed property) (3)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)(2)	1.06	%	1.03	%	1.00	%	1.11	%	1.39	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)(2)	0.19		0.18		0.20		0.27		0.29
Nonperforming loans and leases as a
percentage of total loans and leases	1.76		1.94		2.18		2.64		2.64
Nonperforming assets as a percentage of:
Total assets	1.45		1.83		2.18		2.56		2.64
Loans and leases plus foreclosed property	2.29		2.88		3.32		3.85		3.88
Net charge-offs as a percentage of average loans and leases (4)	1.46		1.44		1.80		1.65		2.15
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	2.05		2.25		2.41		2.58		2.63
Ratio of allowance for loan and lease losses to:
Net charge-offs	1.40	X	1.55	X	1.32	X	1.52	X	1.20	X
Nonperforming loans and leases held for investment	1.13		1.15		1.14		1.03		1.19
							As of/For the
							Twelve Months Ended
							December 31
							2011		2010
Asset Quality Ratios
Including covered loans:
Net charge-offs as a percentage of average loans and leases							1.57	%	2.41	%
Ratio of allowance for loan and lease losses to net charge-offs							1.36	X	1.07	X
Excluding covered loans:
Net charge-offs as a percentage of average loans and leases (4)							1.59	%	2.59	%
Ratio of allowance for loan and lease losses to net charge-offs							1.32	X	1.01	X

Applicable ratios are annualized.
(1)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase. Refer to the footnotes on page 16 of this supplement for amounts related to these loans.
(2)	Excludes mortgage loans guaranteed by the government. Refer to the footnotes on page 16 of this supplement for amounts related to these loans.
(3)	These asset quality ratios have been adjusted to remove the impact of covered loans and covered foreclosed property. Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios. Management believes the inclusion of covered loans in certain asset quality ratios that include nonperforming assets, past due loans or net charge-offs in the numerator or denominator results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.
(4)	Excluding the impact of losses and balances associated with BB&T's NPL disposition strategy, the adjusted net charge-offs ratio would have been 1.46% and 2.07% for the second quarter of 2011 and the fourth quarter of 2010, respectively. The adjusted net charge-off ratio would have been 1.50% and 1.97% for the twelve months ended December 31, 2011 and 2010, respectively.

18

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions) 

	As of December 31, 2011
						Past Due 30-89				Past Due 90+
		Current Status				Days				Days				Total
Performing restructurings: (1)
Commercial loans
Commercial and industrial	$	73	98.6	%	$	1	1.4	%	$	-	-	%	$	74
Commercial real estate—other		116	99.1			1	0.9			-	-			117
Commercial real estate—residential ADC		44	100.0			-	-			-	-			44
Direct retail lending		136	93.1			8	5.5			2	1.4			146
Sales finance loans		4	50.0			1	12.5			3	37.5			8
Revolving credit loans		50	80.6			6	9.7			6	9.7			62
Residential mortgage loans (2)		488	80.3			92	15.1			28	4.6			608
Other lending subsidiaries		45	90.0			5	10.0			-	-			50
Total performing restructurings		956	86.2			114	10.3			39	3.5			1,109
Nonperforming restructurings (3)		97	34.6			57	20.4			126	45.0			280
Total restructurings (2)	$	1,053	75.8	%	$	171	12.3	%	$	165	11.9	%	$	1,389

(1)	Past due performing restructurings are included in past due disclosures.
(2)	Excludes restructured mortgage loans that are government guaranteed totaling $236 million.
(3)	Nonperforming restructurings are included in nonaccrual loan disclosures.

	Quarter Ended										Year-to-date
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Dec. 31		Dec. 31
	2011		2011		2011		2011		2010		2011		2010
Net charge-offs as a percentage of
average loans and leases:
Commercial loans and leases
Commercial and industrial	0.84	%	1.08	%	0.64	%	0.90	%	1.21	%	0.86	%	1.11	%
Commercial real estate—other	2.11		2.09		2.64		2.33		4.11		2.29		3.86
Commercial real estate—residential ADC	14.84		8.06		9.62		8.34		10.96		9.97		13.88
Direct retail lending	1.36		1.84		1.70		2.06		2.27		1.74		2.19
Sales finance loans	0.34		0.28		0.24		0.42		0.55		0.32		0.56
Revolving credit loans	3.13		3.30		3.77		4.33		4.51		3.62		5.03
Residential mortgage loans	0.86		0.84		2.80		1.20		1.33		1.41		2.44
Other lending subsidiaries	2.16		1.61		1.83		2.39		2.39		1.99		2.84
Covered loans	0.99		3.97		-		-		-		1.20		-
Total loans and leases (1)	1.44		1.57		1.71		1.56		2.02		1.57		2.41
Total loans and leases, excluding covered loans (1)	1.46		1.44		1.80		1.65		2.15		1.59		2.59

Applicable ratios are anualized.
(1)	Total loans and leases includes loans held for sale.

19

BB&T Corporation
Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands) 

	As of / Quarter Ended
	Dec. 31				Sept. 30			June 30			March 31			Dec. 31
	2011				2011			2011			2011			2010
Selected Capital Information (1)
Risk-based capital
Tier 1	$	14,913		$	14,696		$	14,363		$	14,100		$	13,959
Total	18,804				18,837			18,641			18,389			18,319
Risk-weighted assets (2)	119,856				117,020			116,041			116,484			118,131
Average quarterly tangible assets	165,349				159,268			151,677			151,049			153,349
Risk-based capital ratios
Tier 1		12.4	%		12.6	%		12.4	%		12.1	%		11.8	%
Total		15.7			16.1			16.1			15.8			15.5
Leverage capital ratio		9.0			9.2			9.5			9.3			9.1
Equity as a percentage of total assets		10.0			10.5			10.7			10.6			10.5
Book value per common share	$	24.98		$	25.07		$	24.37		$	23.86		$	23.67
Selected Non-GAAP Capital Information (3)
Tangible common equity as a percentage of tangible assets		6.9	%		7.1	%		7.2	%		7.2	%		7.1	%
Tier 1 common equity as a percentage of risk-weighted assets		9.7			9.8			9.6			9.3			9.1
Tangible book value per common share	$	16.73		$	16.42		$	15.95		$	15.59		$	15.43
Calculations of Tier 1 common equity and tangible assets and related measures:
Tier 1 equity	$	14,913		$	14,696		$	14,363		$	14,100		$	13,959
Less:
Qualifying restricted core capital elements		3,250			3,249			3,249			3,248			3,248
Tier 1 common equity	$	11,663		$	11,447		$	11,114		$	10,852		$	10,711
Total assets	$	174,579		$	167,677		$	159,310		$	157,039		$	157,081
Less:
Intangible assets, net of deferred taxes		6,406			6,330			6,353			6,374			6,391
Plus:
Regulatory adjustments, net of deferred taxes		421			99			389			572			636
Tangible assets	$	168,594		$	161,446		$	153,346		$	151,237		$	151,326
Total risk-weighted assets (2)	$	119,856		$	117,020		$	116,041		$	116,484		$	118,131
Tangible common equity as a percentage of tangible assets		6.9	%		7.1	%		7.2	%		7.2	%		7.1	%
Tier 1 common equity as a percentage of risk-weighted assets		9.7			9.8			9.6			9.3			9.1
Tier 1 common equity	$	11,663		$	11,447		$	11,114		$	10,852		$	10,711
Outstanding shares at end of period (in thousands)		697,143			697,101			696,894			696,285			694,381
Tangible book value per common share	$	16.73		$	16.42		$	15.95		$	15.59		$	15.43

(1)	Current quarter regulatory capital information is preliminary.
(2)	Risk-weighted assets are determined based on regulatory capital requirements. Under the regulatory framework for determining risk-weighted assets each asset class is assigned a risk-weighting of 0%, 20%, 50% or 100% based on the underlying risk of the specific asset class. In addition, off balance sheet exposures are first converted to a balance sheet equivalent amount and subsequently assigned to one of the four risk-weightings.
(3)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios. BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.

20

BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data) 

			Favorable (Unfavorable)
Selected Items			Pre-Tax			After-Tax
Fourth Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income	$	(11	)	$	(7	)
VISA indemnification	Other noninterest expense		(11	)		(7	)
Third Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income		(37	)		(23	)
Leveraged lease sale	Other noninterest expense		(16	)		10
Second Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income		(27	)		(17	)
First Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income		(74	)		(46	)
Fourth Quarter 2010
Losses/write-downs related to NPL disposition strategy	Other noninterest income		(62	)		(39	)
Third Quarter 2010
Losses/write-downs related to NPL disposition strategy	Other noninterest income		(28	)		(17	)
Second Quarter 2010
No selected items noted
First Quarter 2010
Colonial premises and equipment adjustment	Occupancy and equipment expense		16			10
Contingency reserve adjustment	Other noninterest expense		11			7

		As of / Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2011			2011			2011			2011			2010
Selected Mortgage Banking Information
Income statement impact of mortgage servicing rights valuation
MSRs fair value increase (decrease)	$	(23	)	$	(299	)	$	(61	)	$	41		$	191
MSRs hedge gains (losses)		45			329			59			(39	)		(176	)
Net	$	22		$	30		$	(2	)	$	2		$	15
Residential mortgage loan originations	$	8,424		$	5,549		$	3,888		$	5,802		$	8,406
Residential mortgage servicing portfolio (1)
Loans serviced for others		67,066			66,305			65,872			64,894			61,795
Bank-owned loans serviced		24,574			22,413			20,956			21,174			21,680
Total servicing portfolio		91,640			88,718			86,828			86,068			83,475
Weighted-average coupon rate		5.02	%		5.10	%		5.14	%		5.17	%		5.26	%
Weighted-average servicing fee		0.338			0.341			0.344			0.346			0.350
Selected Miscellaneous Information
Derivatives notional amount	$	67,581		$	67,403		$	58,060		$	57,160		$	65,386
Fair value of derivatives		19			207			(29	)		(77	)		(69	)
Accumulated comprehensive income related to securities,
net of tax (2)		50			159			(128	)		(307	)		(333	)
Common stock prices
High		25.57			27.36			27.81			29.60			27.57
Low		19.76			18.92			25.24			25.95			22.15
End of period		25.17			21.33			26.84			27.45			26.29
Banking offices		1,779			1,780			1,778			1,781			1,782
ATMs		2,483			2,484			2,475			2,476			2,481
FTEs		31,774			31,684			31,617			31,365			31,354

(1)	Amounts reported are unpaid principal balance.
(2)	Includes the impact of the FDIC loss sharing agreements on the covered securities.

21

BB&T Corporation
NON-GAAP Reconciliation Table

	Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
NON-GAAP Reconciliation Table	2011		2011		2011		2011		2010
Efficiency ratio - GAAP	67.1	%	66.1	%	64.1	%	67.4	%	60.9	%
Effect of securities gains (losses), net	2.4		(1.0	)	-		-		2.4
Effect of merger-related and restructuring charges, net	(0.7	)	-		(0.1	)	0.1		(0.2	)
Effect of losses/write-downs on NPL disposition loans	(0.2	)	(0.9	)	(0.7	)	(2.1	)	(1.5	)
Effect of FDIC loss share accounting	0.9		0.1		0.3		-		2.0
Effect of foreclosed property expense	(14.5	)	(7.8	)	(6.6	)	(7.0	)	(7.1	)
Effect of leveraged lease sale	-		(0.8	)	-		-		-
Effect of VISA indemnification	(0.5	)	-		-		-		-
Effect of amortization of intangibles	(1.0	)	(1.1	)	(1.2	)	(1.3	)	(1.2	)
Efficiency ratio - reported	53.5		54.6		55.8		57.1		55.3
Fee income ratio - GAAP	38.2	%	32.2	%	36.1	%	35.1	%	41.3	%
Effect of securities gains (losses), net	(2.7	)	1.1		-		-		(2.5	)
Effect of losses/write-downs on NPL disposition loans	0.3		1.1		0.7		2.2		1.6
Effect of FDIC loss share accounting	2.6		4.9		4.0		2.8		1.4
Fee income ratio - reported	38.4		39.3		40.8		40.1		41.8
							Year-to-Date Dec. 31
NON-GAAP Reconciliation Table							2011		2010
Efficiency ratio - GAAP							66.2	%	60.2	%
Effect of securities gains (losses), net							0.4		3.3
Effect of merger-related and restructuring charges, net							(0.2	)	(0.7	)
Effect of contingency reserve							-		0.2
Effect of losses/write-downs on NPL disposition loans							(1.0	)	(0.5	)
Effect of Colonial premises and equipment adjustments							-		0.1
Effect of FDIC loss share accounting							0.3		0.7
Effect of foreclosed property expense							(9.1	)	(8.1	)
Effect of leveraged lease sale							(0.2	)	-
Effect of VISA indemnification							(0.1	)	-
Effect of amortization of intangibles							(1.1	)	(1.3	)
Efficiency ratio - reported							55.2		53.9
Fee income ratio - GAAP							35.5	%	42.0	%
Effect of securities gains (losses), net							(0.4	)	(3.6	)
Effect of losses/write-downs on NPL disposition loans							1.0		0.6
Effect of FDIC loss share accounting							3.6		2.0
Fee income ratio - reported							39.7		41.0

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