BB&T Corporation

Quarterly Performance Summary

Fourth Quarter 2015

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 - Five Quarter Trend	5
Consolidated Balance Sheets	7
Consolidated Balance Sheets - Five Quarter Trend	8
Average Balance Sheets	9
Average Balance Sheets - Five Quarter Trend	10
Average Balances and Rates - Quarters	11
Credit Quality	14
Credit Quality - Supplemental Information	17
Preliminary Capital Information - Five Quarter Trend	18
Selected Items & Additional Information	19
Non-GAAP Reconciliations	20

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended								Year-to-Date
		December 31						%		December 31						%
		2015			2014			Change		2015			2014			Change
Summary Income Statement
Interest income		$	1,733		$	1,554		11.5	%	$	6,473		$	6,286		3.0	%
Interest expense			191			183		4.4			735			769		(4.4)
	Net interest income - taxable equivalent		1,542			1,371		12.5			5,738			5,517		4.0
Less:  Taxable-equivalent adjustment			38			36		5.6			146			143		2.1
	Net interest income		1,504			1,335		12.7			5,592			5,374		4.1
Provision for credit losses			129			83		55.4			428			251		70.5
	Net interest income after provision for credit losses		1,375			1,252		9.8			5,164			5,123		0.8
Noninterest income			1,015			1,022		(0.7)			4,019			3,856		4.2
Noninterest expense			1,597			1,394		14.6			6,266			5,852		7.1
Income before income taxes			793			880		(9.9)			2,917			3,127		(6.7)
Provision for income taxes			251			277		(9.4)			794			921		(13.8)
	Net income		542			603		(10.1)			2,123			2,206		(3.8)
Noncontrolling interests			3			15		(80.0)			39			75		(48.0)
Preferred stock dividends			37			37		―			148			148		―
	Net income available to common shareholders		502			551		(8.9)			1,936			1,983		(2.4)
Per Common Share Data
Earnings:
	Basic	$	0.64		$	0.77		(16.9)	%	$	2.59		$	2.76		(6.2)	%
	Diluted		0.64			0.75		(14.7)			2.56			2.72		(5.9)
Cash dividends declared			0.27			0.24		12.5			1.05			0.95		10.5
Common equity			31.66			30.09		5.2			31.66			30.09		5.2
Tangible common equity (1)			19.82			19.86		(0.2)			19.82			19.86		(0.2)
End of period shares outstanding			780,337			720,698		8.3			780,337			720,698		8.3
Weighted average shares:
	Basic		780,261			720,418		8.3			748,010			718,140		4.2
	Diluted		790,244			730,652		8.2			757,765			728,372		4.0
Performance Ratios
Return on average assets			1.03	%		1.28	%				1.08	%		1.19	%
Return on average risk-weighted assets			1.29			1.68					1.35			1.58
Return on average common shareholders' equity			8.06			9.99					8.34			9.32
Return on average tangible common shareholders' equity (2)			13.37			15.45					13.34			14.68
Net interest margin - taxable equivalent			3.35			3.36					3.32			3.42
Fee income ratio (3)			41.8			46.2					43.9			44.7
Efficiency ratio (3)			58.8			55.6					58.9			57.7
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.34	%		0.42	%				0.34	%		0.42	%
	Loans and leases plus foreclosed property		0.52			0.65					0.52			0.65
Net charge-offs as a percentage of average
	loans and leases		0.38			0.39					0.35			0.46
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.07			1.23					1.07			1.23
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.53	X		2.39	X				2.53	X		2.39	X
Average Balances
Total assets		$	209,217		$	186,462		12.2	%	$	197,347		$	185,095		6.6	%
Total securities (4)			43,468			40,817		6.5			42,103			40,541		3.9
Loans and leases			136,190			119,912		13.6			127,802			118,830		7.6
Deposits			148,491			130,315		13.9			138,498			129,077		7.3
Common shareholders' equity			24,736			21,895		13.0			23,206			21,280		9.1
Shareholders' equity			27,378			24,574		11.4			25,871			23,954		8.0
Period-End Balances
Total assets		$	209,947		$	186,834		12.4	%	$	209,947		$	186,834		12.4	%
Total securities (4)			43,827			41,147		6.5			43,827			41,147		6.5
Loans and leases			136,986			121,307		12.9			136,986			121,307		12.9
Deposits			149,124			129,040		15.6			149,124			129,040		15.6
Common shareholders' equity			24,703			21,686		13.9			24,703			21,686		13.9
Shareholders' equity			27,340			24,377		12.2			27,340			24,377		12.2
Capital Ratios - Preliminary
Risk-based:		Basel III			Basel I					Basel III			Basel I
	Common equity Tier 1		10.2	%		N/A					10.2	%		N/A
	Tier 1		11.8			12.4	%				11.8			12.4	%
	Total		14.2			14.9					14.2			14.9
Leverage			9.8			9.9					9.8			9.9
Tangible common equity to tangible assets (1)			7.7			8.0					7.7			8.0
NM - not meaningful.
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Ratios for earlier periods were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. 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.

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
		2015			2015			2015			2015			2014
Summary Income Statement
Interest income		$	1,733		$	1,687		$	1,525		$	1,528		$	1,554
Interest expense			191			186			177			181			183
	Net interest income - taxable equivalent		1,542			1,501			1,348			1,347			1,371
Less:  Taxable-equivalent adjustment			38			37			36			35			36
	Net interest income		1,504			1,464			1,312			1,312			1,335
Provision for credit losses			129			103			97			99			83
	Net interest income after provision for credit losses		1,375			1,361			1,215			1,213			1,252
Noninterest income			1,015			988			1,019			997			1,022
Noninterest expense			1,597			1,594			1,653			1,422			1,394
Income before income taxes			793			755			581			788			880
Provision for income taxes			251			222			80			241			277
	Net income		542			533			501			547			603
Noncontrolling interests			3			4			10			22			15
Preferred stock dividends			37			37			37			37			37
	Net income available to common shareholders		502			492			454			488			551
Per Common Share Data
Earnings:
	Basic	$	0.64		$	0.64		$	0.63		$	0.68		$	0.77
	Diluted		0.64			0.64			0.62			0.67			0.75
Cash dividends declared			0.27			0.27			0.27			0.24			0.24
Common equity			31.66			31.56			30.64			30.48			30.09
Tangible common equity (1)			19.82			19.77			20.21			20.13			19.86
End of period shares outstanding			780,337			780,150			733,481			723,159			720,698
Weighted average shares:
	Basic		780,261			764,435			724,880			721,639			720,418
	Diluted		790,244			774,023			734,527			731,511			730,652
Performance Ratios
Return on average assets			1.03	%		1.04	%		1.06	%		1.18	%		1.28	%
Return on average risk-weighted assets			1.29			1.32			1.32			1.48			1.68
Return on average common shareholders' equity			8.06			8.14			8.20			9.05			9.99
Return on average tangible common shareholders' equity (2)			13.37			13.23			12.76			14.00			15.45
Net interest margin - taxable equivalent			3.35			3.35			3.27			3.33			3.36
Fee income ratio (3)			41.8			42.1			46.3			45.8			46.2
Efficiency ratio (3)			58.8			59.2			59.2			58.5			55.6
Credit Quality
Nonperforming assets as a percentage of:
	Total assets		0.34	%		0.36	%		0.38	%		0.40	%		0.42	%
	Loans and leases plus foreclosed property		0.52			0.55			0.60			0.64			0.65
Net charge-offs as a percentage of average
	loans and leases		0.38			0.32			0.33			0.34			0.39
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.07			1.08			1.19			1.22			1.23
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		2.53	X		2.49	X		2.55	X		2.45	X		2.39	X
Average Balances
Total assets		$	209,217		$	203,531		$	189,033		$	187,297		$	186,462
Total securities (4)			43,468			43,048			40,727			41,133			40,817
Loans and leases			136,190			132,499			122,056			120,235			119,912
Deposits			148,491			143,837			131,868			129,531			130,315
Common shareholders' equity			24,736			23,957			22,210			21,883			21,895
Total shareholders' equity			27,378			26,612			24,888			24,566			24,574
Period-End Balances
Total assets		$	209,947		$	208,809		$	191,017		$	189,228		$	186,834
Total securities (4)			43,827			43,494			40,620			42,089			41,147
Loans and leases			136,986			136,967			124,770			122,027			121,307
Deposits			149,124			147,827			132,783			131,229			129,040
Common shareholders' equity			24,703			24,621			22,477			22,039			21,686
Shareholders' equity			27,340			27,264			25,132			24,738			24,377
Capital Ratios - Preliminary
Risk-based:		Basel III												Basel I
	Common equity Tier 1		10.2	%		10.1	%		10.4	%		10.5	%		N/A
	Tier 1		11.8			11.7			12.1			12.2			12.4	%
	Total		14.2			14.2			14.2			14.4			14.9
Leverage			9.8			9.9			10.2			10.1			9.9
Tangible common equity to tangible assets (1)			7.7			7.7			8.1			8.0			8.0
Applicable ratios are annualized. Risk-based and leverage capital ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Ratios for earlier periods were determined in accordance with Basel I.
(1)	Tangible common equity per share and tangible common equity to tangible assets ratios are non-GAAP measures.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. 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.

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
			2015		2014		$		%		2015		2014		$		%
Interest Income
	Interest and fees on loans and leases		$	1,449	$	1,272	$	177	13.9	%	$	5,347	$	5,163	$	184	3.6	%
	Interest and dividends on securities			237		237		―	―			941		939		2	0.2
	Interest on other earning assets			9		9		―	―			39		40		(1)	(2.5)
		Total interest income		1,695		1,518		177	11.7			6,327		6,142		185	3.0
Interest Expense
	Interest on deposits			62		58		4	6.9			233		239		(6)	(2.5)
	Interest on short-term borrowings			1		1		―	―			4		4		―	―
	Interest on long-term debt			128		124		4	3.2			498		525		(27)	(5.1)
		Total interest expense		191		183		8	4.4			735		768		(33)	(4.3)
Net interest income				1,504		1,335		169	12.7			5,592		5,374		218	4.1
	Provision for credit losses			129		83		46	55.4			428		251		177	70.5
Net interest income after provision for credit losses				1,375		1,252		123	9.8			5,164		5,123		41	0.8
Noninterest income
	Insurance income			380		409		(29)	(7.1)			1,596		1,643		(47)	(2.9)
	Service charges on deposits			165		160		5	3.1			631		632		(1)	(0.2)
	Mortgage banking income			104		128		(24)	(18.8)			455		395		60	15.2
	Investment banking and brokerage fees and commissions			91		112		(21)	(18.8)			398		387		11	2.8
	Trust and investment advisory revenues			64		56		8	14.3			240		221		19	8.6
	Bankcard fees and merchant discounts			56		52		4	7.7			218		207		11	5.3
	Checkcard fees			47		41		6	14.6			174		163		11	6.7
	Operating lease income			33		29		4	13.8			124		95		29	30.5
	Income from bank-owned life insurance			27		30		(3)	(10.0)			113		110		3	2.7
	FDIC loss share income, net			(52)		(84)		32	(38.1)			(253)		(343)		90	(26.2)
	Securities gains (losses), net			―		―		―	NM			(3)		(3)		―	―
	Other income			100		89		11	12.4			326		349		(23)	(6.6)
		Total noninterest income		1,015		1,022		(7)	(0.7)			4,019		3,856		163	4.2
Noninterest Expense
	Personnel expense			893		794		99	12.5			3,469		3,180		289	9.1
	Occupancy and equipment expense			192		168		24	14.3			708		682		26	3.8
	Software expense			52		45		7	15.6			192		174		18	10.3
	Loan-related expense			37		71		(34)	(47.9)			150		267		(117)	(43.8)
	Outside IT services			41		27		14	51.9			135		115		20	17.4
	Professional services			29		38		(9)	(23.7)			130		139		(9)	(6.5)
	Amortization of intangibles			32		22		10	45.5			105		91		14	15.4
	Regulatory charges			28		24		4	16.7			101		106		(5)	(4.7)
	Foreclosed property expense			11		10		1	10.0			53		40		13	32.5
	Merger-related and restructuring charges, net			50		18		32	177.8			165		46		119	NM
	Loss on early extinguishment of debt			―		―		―	NM			172		122		50	41.0
	Other expense			232		177		55	31.1			886		890		(4)	(0.4)
		Total noninterest expense		1,597		1,394		203	14.6			6,266		5,852		414	7.1
Earnings
	Income before income taxes			793		880		(87)	(9.9)			2,917		3,127		(210)	(6.7)
	Provision for income taxes			251		277		(26)	(9.4)			794		921		(127)	(13.8)
		Net Income		542		603		(61)	(10.1)			2,123		2,206		(83)	(3.8)
	Noncontrolling interests			3		15		(12)	(80.0)			39		75		(36)	(48.0)
	Preferred stock dividends			37		37		―	―			148		148		―	―
		Net income available to common shareholders	$	502	$	551	$	(49)	(8.9)	%	$	1,936	$	1,983	$	(47)	(2.4)	%
Earnings Per Common Share
		Basic	$	0.64	$	0.77	$	(0.13)	(16.9)	%	$	2.59	$	2.76	$	(0.17)	(6.2)	%
		Diluted		0.64		0.75		(0.11)	(14.7)			2.56		2.72		(0.16)	(5.9)
Weighted Average Shares Outstanding
		Basic		780,261		720,418		59,843	8.3			748,010		718,140		29,870	4.2
		Diluted		790,244		730,652		59,592	8.2			757,765		728,372		29,393	4.0
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
			2015		2015		2015		2015		2014
Interest Income
	Interest and fees on loans and leases		$	1,449	$	1,412	$	1,249	$	1,237	$	1,272
	Interest and dividends on securities			237		232		232		240		237
	Interest on other earning assets			9		6		8		16		9
		Total interest income		1,695		1,650		1,489		1,493		1,518
Interest Expense
	Interest on deposits			62		61		55		55		58
	Interest on short-term borrowings			1		1		1		1		1
	Interest on long-term debt			128		124		121		125		124
		Total interest expense		191		186		177		181		183
Net interest income				1,504		1,464		1,312		1,312		1,335
	Provision for credit losses			129		103		97		99		83
Net interest income after provision for credit losses				1,375		1,361		1,215		1,213		1,252
Noninterest income
	Insurance income			380		354		422		440		409
	Service charges on deposits			165		167		154		145		160
	Mortgage banking income			104		111		130		110		128
	Investment banking and brokerage fees and commissions			91		105		108		94		112
	Trust and investment advisory revenues			64		63		57		56		56
	Bankcard fees and merchant discounts			56		57		55		50		52
	Checkcard fees			47		45		43		39		41
	Operating lease income			33		32		30		29		29
	Income from bank-owned life insurance			27		29		27		30		30
	FDIC loss share income, net			(52)		(58)		(64)		(79)		(84)
	Securities gains (losses), net			―		(2)		(1)		―		―
	Other income			100		85		58		83		89
		Total noninterest income		1,015		988		1,019		997		1,022
Noninterest Expense
	Personnel expense			893		882		864		830		794
	Occupancy and equipment expense			192		183		166		167		168
	Software expense			52		50		46		44		45
	Loan-related expense			37		38		37		38		71
	Outside IT services			41		35		29		30		27
	Professional services			29		42		35		24		38
	Amortization of intangibles			32		29		23		21		22
	Regulatory charges			28		25		25		23		24
	Foreclosed property expense			11		15		14		13		10
	Merger-related and restructuring charges, net			50		77		25		13		18
	Loss on early extinguishment of debt			―		―		172		―		―
	Other expense			232		218		217		219		177
		Total noninterest expense		1,597		1,594		1,653		1,422		1,394
Earnings
	Income before income taxes			793		755		581		788		880
	Provision for income taxes			251		222		80		241		277
		Net Income		542		533		501		547		603
	Noncontrolling interests			3		4		10		22		15
	Preferred stock dividends			37		37		37		37		37
		Net income available to common shareholders	$	502	$	492	$	454	$	488	$	551
Earnings Per Common Share
		Basic	$	0.64	$	0.64	$	0.63	$	0.68	$	0.77
		Diluted		0.64		0.64		0.62		0.67		0.75
Weighted Average Shares Outstanding
		Basic		780,261		764,435		724,880		721,639		720,418
		Diluted		790,244		774,023		734,527		731,511		730,652

4

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
			2015		2015		2015		2015		2014
Net interest income (expense)			$	493	$	450	$	432	$	426	$	435
Net intersegment interest income (expense)				362		322		305		283		295
	Segment net interest income			855		772		737		709		730
Allocated provision (benefit) for credit losses				39		4		11		13		20
Noninterest income				301		304		290		271		296
Intersegment net referral fees (expense)				30		35		39		31		33
Noninterest expense				404		382		373		358		337
Amortization of intangibles				5		5		7		6		7
Allocated corporate expenses				309		305		306		305		301
	Income (loss) before income taxes			429		415		369		329		394
	Provision (benefit) for income taxes			157		152		135		120		144
		Segment net income (loss)	$	272	$	263	$	234	$	209	$	250
Identifiable assets (period end)			$	68,245	$	57,494	$	56,911	$	55,277	$	55,495
			Quarter Ended
Residential Mortgage Banking			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2015		2015		2015		2015		2014
Net interest income (expense)			$	336	$	337	$	343	$	341	$	357
Net intersegment interest income (expense)				(225)		(221)		(227)		(232)		(237)
	Segment net interest income			111		116		116		109		120
Allocated provision (benefit) for credit losses				8		10		3		(12)		(38)
Noninterest income				78		92		101		84		100
Intersegment net referral fees (expense)				1		1		―		―		1
Noninterest expense				77		83		75		79		104
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				25		22		23		23		23
	Income (loss) before income taxes			80		94		116		103		132
	Provision (benefit) for income taxes			31		35		44		39		50
		Segment net income (loss)	$	49	$	59	$	72	$	64	$	82
Identifiable assets (period end)			$	33,407	$	32,973	$	34,218	$	34,323	$	34,463
			Quarter Ended
Dealer Financial Services			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2015		2015		2015		2015		2014
Net interest income (expense)			$	231	$	221	$	216	$	213	$	214
Net intersegment interest income (expense)				(39)		(38)		(38)		(38)		(42)
	Segment net interest income			192		183		178		175		172
Allocated provision (benefit) for credit losses				78		67		48		61		80
Noninterest income				4		3		―		―		1
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				40		38		41		32		30
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				10		10		10		9		8
	Income (loss) before income taxes			68		71		79		73		55
	Provision (benefit) for income taxes			26		27		30		28		21
		Segment net income (loss)	$	42	$	44	$	49	$	45	$	34
Identifiable assets (period end)			$	15,130	$	13,794	$	13,906	$	14,012	$	12,821
			Quarter Ended
Specialized Lending			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2015		2015		2015		2015		2014
Net interest income (expense)			$	178	$	172	$	154	$	147	$	148
Net intersegment interest income (expense)				(52)		(49)		(43)		(42)		(40)
	Segment net interest income			126		123		111		105		108
Allocated provision (benefit) for credit losses				12		10		7		19		13
Noninterest income				73		60		74		64		69
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				71		63		65		57		58
Amortization of intangibles				2		1		1		1		2
Allocated corporate expenses				17		16		16		15		16
	Income (loss) before income taxes			97		93		96		77		88
	Provision (benefit) for income taxes			26		24		26		19		23
		Segment net income (loss)	$	71	$	69	$	70	$	58	$	65
Identifiable assets (period end)			$	20,732	$	20,098	$	19,561	$	18,661	$	18,218
(1)	Lines of business results are preliminary.

5

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
			2015			2015		2015		2015		2014
Net interest income (expense)			$	―		$	1	$	―	$	1	$	1
Net intersegment interest income (expense)				2			2		1		2		2
	Segment net interest income			2			3		1		3		3
Allocated provision (benefit) for credit losses				―			―		―		―		―
Noninterest income				388			353		425		442		421
Intersegment net referral fees (expense)				―			―		―		―		―
Noninterest expense				295			284		310		302		281
Amortization of intangibles				12			12		11		12		13
Allocated corporate expenses				24			25		25		25		29
	Income (loss) before income taxes			59			35		80		106		101
	Provision (benefit) for income taxes			23			14		27		34		36
		Segment net income (loss)	$	36		$	21	$	53	$	72	$	65
Identifiable assets (period end)			$	2,804		$	2,668	$	2,907	$	2,811	$	2,965
			Quarter Ended
Financial Services			Dec. 31			Sept. 30		June 30		March 31		Dec. 31
			2015			2015		2015		2015		2014
Net interest income (expense)			$	58		$	53	$	53	$	49	$	50
Net intersegment interest income (expense)				86			81		74		72		70
	Segment net interest income			144			134		127		121		120
Allocated provision (benefit) for credit losses				(3)			21		23		24		17
Noninterest income				209			225		212		201		219
Intersegment net referral fees (expense)				11			5		3		3		7
Noninterest expense				167			176		176		161		171
Amortization of intangibles				1			1		―		1		―
Allocated corporate expenses				34			34		34		33		31
	Income (loss) before income taxes			165			132		109		106		127
	Provision (benefit) for income taxes			62			50		41		40		48
		Segment net income (loss)	$	103		$	82	$	68	$	66	$	79
Identifiable assets (period end)			$	16,374		$	15,436	$	14,486	$	14,012	$	12,849
			Quarter Ended
Other, Treasury & Corporate (2)(3)			Dec. 31			Sept. 30		June 30		March 31		Dec. 31
			2015			2015		2015		2015		2014
Net interest income (expense)			$	208		$	230	$	114	$	135	$	130
Net intersegment interest income (expense)				(134)			(97)		(72)		(45)		(48)
	Segment net interest income			74			133		42		90		82
Allocated provision (benefit) for credit losses				(5)			(9)		5		(6)		(9)
Noninterest income				(38)			(49)		(83)		(65)		(84)
Intersegment net referral fees (expense)				(42)			(41)		(42)		(34)		(41)
Noninterest expense				511			539		590		412		391
Amortization of intangibles				12			10		4		1		―
Allocated corporate expenses				(419)			(412)		(414)		(410)		(408)
	Income (loss) before income taxes			(105)			(85)		(268)		(6)		(17)
	Provision (benefit) for income taxes			(74)			(80)		(223)		(39)		(45)
		Segment net income (loss)	$	(31)		$	(5)	$	(45)	$	33	$	28
Identifiable assets (period end)			$	53,255		$	66,346	$	49,028	$	50,132	$	50,023
			Quarter Ended
Total BB&T Corporation			Dec. 31			Sept. 30		June 30		March 31		Dec. 31
			2015			2015		2015		2015		2014
Net interest income (expense)			$	1,504		$	1,464	$	1,312	$	1,312	$	1,335
Net intersegment interest income (expense)				―			―		―		―		―
	Segment net interest income			1,504			1,464		1,312		1,312		1,335
Allocated provision (benefit) for credit losses				129			103		97		99		83
Noninterest income				1,015			988		1,019		997		1,022
Intersegment net referral fees (expense)				―			―		―		―		―
Noninterest expense				1,565			1,565		1,630		1,401		1,372
Amortization of intangibles				32			29		23		21		22
Allocated corporate expenses				―			―		―		―		―
	Income (loss) before income taxes			793			755		581		788		880
	Provision (benefit) for income taxes			251			222		80		241		277
		Segment net income (loss)	$	542		$	533	$	501	$	547	$	603
Identifiable assets (period end)			$	209,947		$	208,809	$	191,017	$	189,228	$	186,834
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
(3)	Includes financial data related to Susquehanna Bancshares, Inc. until the completion of the systems conversion, which occurred during the fourth quarter of 2015.

6

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)
				As of December 31				Change
				2015		2014		$		%
Assets
	Cash and due from banks			$	2,123	$	1,639	$	484	29.5	%
	Interest-bearing deposits with banks				1,435		529		906	171.3
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			153		157		(4)	(2.5)
	Restricted cash				456		374		82	21.9
	Securities available for sale at fair value				25,297		20,907		4,390	21.0
	Securities held to maturity at amortized cost				18,530		20,240		(1,710)	(8.4)
	Loans and leases:
		Commercial:
			Commercial and industrial		48,430		41,454		6,976	16.8
			Commercial real estate-income producing properties		13,421		10,722		2,699	25.2
			Commercial real estate-construction and development		3,732		2,735		997	36.5
			Dealer floor plan		1,215		1,091		124	11.4
		Direct retail lending			11,140		8,146		2,994	36.8
		Sales finance			10,327		9,509		818	8.6
		Revolving credit			2,510		2,460		50	2.0
		Residential mortgage			30,533		31,090		(557)	(1.8)
		Other lending subsidiaries			13,521		11,462		2,059	18.0
		Acquired from FDIC and PCI			1,122		1,215		(93)	(7.7)
			Total loans and leases held for investment		135,951		119,884		16,067	13.4
		Loans held for sale			1,035		1,423		(388)	(27.3)
			Total loans and leases		136,986		121,307		15,679	12.9
	Allowance for loan and lease losses				(1,460)		(1,474)		14	(0.9)
	Premises and equipment				2,007		1,827		180	9.9
	Goodwill				8,548		6,869		1,679	24.4
	Core deposit and other intangible assets				686		505		181	35.8
	Residential mortgage servicing rights at fair value				880		844		36	4.3
	Other assets				14,306		13,110		1,196	9.1
		Total assets		$	209,947	$	186,834	$	23,113	12.4	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	45,695	$	38,786	$	6,909	17.8	%
		Interest checking			25,410		20,262		5,148	25.4
		Money market and savings			60,461		50,604		9,857	19.5
		Time deposits			17,558		19,388		(1,830)	(9.4)
			Total deposits		149,124		129,040		20,084	15.6
	Short-term borrowings				3,593		3,717		(124)	(3.3)
	Long-term debt				23,769		23,312		457	2.0
	Accounts payable and other liabilities				6,121		6,388		(267)	(4.2)
		Total liabilities			182,607		162,457		20,150	12.4
	Shareholders' equity:
		Preferred stock			2,603		2,603		―	―
		Common stock			3,902		3,603		299	8.3
		Additional paid-in capital			8,365		6,517		1,848	28.4
		Retained earnings			13,464		12,317		1,147	9.3
		Accumulated other comprehensive loss			(1,028)		(751)		(277)	36.9
		Noncontrolling interests			34		88		(54)	(61.4)
			Total shareholders' equity		27,340		24,377		2,963	12.2
			Total liabilities and shareholders' equity	$	209,947	$	186,834	$	23,113	12.4	%

7

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)
				As of
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2015		2015		2015		2015		2014
Assets
	Cash and due from banks			$	2,123	$	1,538	$	1,607	$	1,452	$	1,639
	Interest-bearing deposits with banks				1,435		1,115		824		325		529
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			153		127		190		222		157
	Restricted cash				456		578		379		513		374
	Securities available for sale at fair value				25,297		24,249		21,183		21,674		20,907
	Securities held to maturity at amortized cost				18,530		19,245		19,437		20,415		20,240
	Loans and leases:
		Commercial:
			Commercial and industrial		48,430		48,095		43,607		42,294		41,454
			Commercial real estate-income producing properties		13,421		13,313		11,132		10,719		10,722
			Commercial real estate-construction and development		3,732		3,807		2,874		2,655		2,735
			Dealer floor plan		1,215		1,093		1,066		1,008		1,091
		Direct retail lending			11,140		10,626		8,675		8,288		8,146
		Sales finance			10,327		10,772		9,427		9,605		9,509
		Revolving credit			2,510		2,429		2,407		2,390		2,460
		Residential mortgage			30,533		31,070		30,054		30,533		31,090
		Other lending subsidiaries			13,521		13,235		12,067		11,304		11,462
		Acquired from FDIC and PCI			1,122		1,075		992		1,110		1,215
			Total loans and leases held for investment		135,951		135,515		122,301		119,906		119,884
		Loans held for sale			1,035		1,452		2,469		2,121		1,423
			Total loans and leases		136,986		136,967		124,770		122,027		121,307
	Allowance for loan and lease losses				(1,460)		(1,458)		(1,457)		(1,464)		(1,474)
	Premises and equipment				2,007		2,038		1,900		1,879		1,827
	Goodwill				8,548		8,498		7,141		6,950		6,869
	Core deposit and other intangible assets				686		700		514		530		505
	Residential mortgage servicing rights at fair value				880		848		912		764		844
	Other assets				14,306		14,364		13,617		13,941		13,110
		Total assets		$	209,947	$	208,809	$	191,017	$	189,228	$	186,834
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	45,695	$	44,700	$	42,234	$	41,414	$	38,786
		Interest checking			25,410		23,574		20,843		21,070		20,262
		Money market and savings			60,461		61,689		55,269		53,198		50,604
		Time deposits			17,558		17,864		14,437		15,547		19,388
			Total deposits		149,124		147,827		132,783		131,229		129,040
	Short-term borrowings				3,593		2,581		3,883		3,130		3,717
	Long-term debt				23,769		24,883		23,271		23,437		23,312
	Accounts payable and other liabilities				6,121		6,254		5,948		6,694		6,388
		Total liabilities			182,607		181,545		165,885		164,490		162,457
	Shareholders' equity:
		Preferred stock			2,603		2,603		2,603		2,603		2,603
		Common stock			3,902		3,901		3,667		3,616		3,603
		Additional paid-in capital			8,365		8,344		6,667		6,524		6,517
		Retained earnings			13,464		13,172		12,891		12,632		12,317
		Accumulated other comprehensive loss			(1,028)		(796)		(748)		(733)		(751)
		Noncontrolling interests			34		40		52		96		88
			Total shareholders' equity		27,340		27,264		25,132		24,738		24,377
			Total liabilities and shareholders' equity	$	209,947	$	208,809	$	191,017	$	189,228	$	186,834

8

BB&T Corporation
Average Balance Sheets
(Dollars in millions)
					Quarter Ended								Year-to-Date
					December 31				Change				December 31				Change
					2015		2014		$		%		2015		2014		$		%
Assets
	Securities at amortized cost (1):
		U.S. Treasury			$	2,794	$	2,118	$	676	31.9	%	$	2,650	$	1,969	$	681	34.6	%
		U.S. government-sponsored entities (GSE)				5,165		5,394		(229)	(4.2)			5,338		5,516		(178)	(3.2)
		Mortgage-backed securities issued by GSE				32,442		29,706		2,736	9.2			30,683		29,504		1,179	4.0
		States and political subdivisions				2,019		1,818		201	11.1			1,913		1,827		86	4.7
		Non-agency mortgage-backed				201		235		(34)	(14.5)			215		246		(31)	(12.6)
		Other				64		654		(590)	(90.2)			477		547		(70)	(12.8)
		Acquired from FDIC				783		892		(109)	(12.2)			827		932		(105)	(11.3)
			Total securities			43,468		40,817		2,651	6.5			42,103		40,541		1,562	3.9
	Other earning assets					3,493		1,830		1,663	90.9			2,768		1,881		887	47.2
	Loans and leases:
		Commercial:
			Commercial and industrial			48,047		40,383		7,664	19.0			44,648		39,537		5,111	12.9
			CRE-income producing properties			13,264		10,681		2,583	24.2			11,806		10,489		1,317	12.6
			CRE-construction and development			3,766		2,772		994	35.9			3,196		2,616		580	22.2
			Dealer floor plan			1,164		1,053		111	10.5			1,068		985		83	8.4
		Direct retail lending (2)				10,896		8,085		2,811	34.8			9,375		8,249		1,126	13.7
		Sales finance				10,533		9,194		1,339	14.6			9,975		9,022		953	10.6
		Revolving credit				2,458		2,427		31	1.3			2,406		2,385		21	0.9
		Residential mortgage (2)				30,334		31,046		(712)	(2.3)			30,252		31,528		(1,276)	(4.0)
		Other lending subsidiaries				13,281		11,351		1,930	17.0			12,291		10,848		1,443	13.3
		Acquired from FDIC and PCI				1,070		1,309		(239)	(18.3)			1,083		1,613		(530)	(32.9)
			Total loans and leases held for investment			134,813		118,301		16,512	14.0			126,100		117,272		8,828	7.5
		Loans held for sale				1,377		1,611		(234)	(14.5)			1,702		1,558		144	9.2
			Total loans and leases			136,190		119,912		16,278	13.6			127,802		118,830		8,972	7.6
				Total earning assets		183,151		162,559		20,592	12.7			172,673		161,252		11,421	7.1
	Nonearning assets					26,066		23,903		2,163	9.0			24,674		23,843		831	3.5
	Total assets				$	209,217	$	186,462	$	22,755	12.2	%	$	197,347	$	185,095	$	12,252	6.6	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	45,824	$	39,130	$	6,694	17.1	%	$	42,816	$	37,327	$	5,489	14.7	%
		Interest checking				24,157		19,308		4,849	25.1			22,092		18,731		3,361	17.9
		Money market and savings				61,431		51,176		10,255	20.0			56,592		49,728		6,864	13.8
		Time deposits				16,981		20,041		(3,060)	(15.3)			16,405		22,569		(6,164)	(27.3)
		Foreign office deposits - interest-bearing				98		660		(562)	(85.2)			593		722		(129)	(17.9)
			Total deposits			148,491		130,315		18,176	13.9			138,498		129,077		9,421	7.3
	Short-term borrowings					2,698		3,095		(397)	(12.8)			3,221		3,421		(200)	(5.8)
	Long-term debt					24,306		22,139		2,167	9.8			23,343		22,210		1,133	5.1
	Accounts payable and other liabilities					6,344		6,339		5	0.1			6,414		6,433		(19)	(0.3)
		Total liabilities				181,839		161,888		19,951	12.3			171,476		161,141		10,335	6.4
		Shareholders' equity				27,378		24,574		2,804	11.4			25,871		23,954		1,917	8.0
	Total liabilities and shareholders' equity				$	209,217	$	186,462	$	22,755	12.2	%	$	197,347	$	185,095	$	12,252	6.6	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

9

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
					Quarter Ended
					Dec. 31		Sept. 30		June 30		March 31		Dec. 31
					2015		2015		2015		2015		2014
Assets
	Securities at amortized cost (1):
		U.S. Treasury			$	2,794	$	2,745	$	2,561	$	2,497	$	2,118
		U.S. government-sponsored entities (GSE)				5,165		5,395		5,400		5,394		5,394
		Mortgage-backed securities issued by GSE				32,442		31,329		29,245		29,679		29,706
		States and political subdivisions				2,019		1,975		1,834		1,823		1,818
		Non-agency mortgage-backed				201		211		220		228		235
		Other				64		579		623		643		654
		Acquired from FDIC				783		814		844		869		892
			Total securities			43,468		43,048		40,727		41,133		40,817
	Other earning assets					3,493		2,917		2,645		1,999		1,830
	Loans and leases:
		Commercial:
			Commercial and industrial			48,047		46,462		42,541		41,448		40,383
			Commercial real estate-income producing properties			13,264		12,514		10,730		10,680		10,681
			Commercial real estate-construction and development			3,766		3,502		2,767		2,734		2,772
			Dealer floor plan			1,164		1,056		1,010		1,040		1,053
		Direct retail lending				10,896		9,926		8,449		8,191		8,085
		Sales finance				10,533		10,386		9,507		9,458		9,194
		Revolving credit				2,458		2,421		2,365		2,385		2,427
		Residential mortgage				30,334		30,384		29,862		30,427		31,046
		Other lending subsidiaries				13,281		12,837		11,701		11,318		11,351
		Acquired from FDIC and PCI				1,070		1,052		1,055		1,156		1,309
			Total loans and leases held for investment			134,813		130,540		119,987		118,837		118,301
		Loans held for sale				1,377		1,959		2,069		1,398		1,611
			Total loans and leases			136,190		132,499		122,056		120,235		119,912
				Total earning assets		183,151		178,464		165,428		163,367		162,559
	Nonearning assets					26,066		25,067		23,605		23,930		23,903
	Total assets				$	209,217	$	203,531	$	189,033	$	187,297	$	186,462
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	45,824	$	44,153	$	41,502	$	39,701	$	39,130
		Interest checking				24,157		22,593		20,950		20,623		19,308
		Money market and savings				61,431		59,306		53,852		51,644		51,176
		Time deposits				16,981		16,837		14,800		17,000		20,041
		Foreign office deposits - interest-bearing				98		948		764		563		660
			Total deposits			148,491		143,837		131,868		129,531		130,315
	Short-term borrowings					2,698		3,572		3,080		3,539		3,095
	Long-term debt					24,306		23,394		22,616		23,043		22,139
	Accounts payable and other liabilities					6,344		6,116		6,581		6,618		6,339
		Total liabilities				181,839		176,919		164,145		162,731		161,888
	Shareholders' equity					27,378		26,612		24,888		24,566		24,574
	Total liabilities and shareholders' equity				$	209,217	$	203,531	$	189,033	$	187,297	$	186,462
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.

10

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					December 31, 2015						September 30, 2015
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities at amortized cost (3):
		U.S. Treasury			$	2,794	$	12	1.67	%	$	2,745	$	11	1.60	%
		U.S. government-sponsored entities (GSE)				5,165		27	2.12			5,395		29	2.13
		Mortgage-backed securities issued by GSE				32,442		156	1.94			31,329		147	1.89
		States and political subdivisions				2,019		28	5.42			1,975		27	5.49
		Non-agency mortgage-backed				201		5	8.53			211		4	8.45
		Other				64		―	1.25			579		3	1.42
		Acquired from FDIC				783		22	11.34			814		24	11.57
			Total securities			43,468		250	2.30			43,048		245	2.27
	Other earning assets					3,493		8	0.90			2,917		7	0.97
	Loans and leases:
		Commercial:
			Commercial and industrial			48,047		387	3.20			46,462		386	3.30
			Commercial real estate-income producing properties			13,264		135	4.02			12,514		118	3.74
			Commercial real estate-construction and development			3,766		36	3.80			3,502		33	3.73
			Dealer floor plan			1,164		6	1.89			1,056		4	1.91
		Direct retail lending				10,896		108	3.97			9,926		105	4.18
		Sales finance				10,533		76	2.86			10,386		83	3.14
		Revolving credit				2,458		55	8.81			2,421		53	8.70
		Residential mortgage				30,334		316	4.17			30,384		319	4.18
		Other lending subsidiaries				13,281		287	8.57			12,837		276	8.56
		Acquired from FDIC and PCI				1,070		56	20.85			1,052		40	14.87
			Total loans and leases held for investment			134,813		1,462	4.31			130,540		1,417	4.31
		Loans held for sale				1,377		13	3.73			1,959		18	3.75
			Total loans and leases			136,190		1,475	4.31			132,499		1,435	4.31
				Total earning assets		183,151		1,733	3.77			178,464		1,687	3.76
	Nonearning assets					26,066						25,067
	Total assets				$	209,217					$	203,531
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	24,157		6	0.09		$	22,593		4	0.08
		Money market and savings				61,431		32	0.21			59,306		30	0.20
		Time deposits				16,981		24	0.58			16,837		26	0.61
		Foreign office deposits - interest-bearing				98		―	0.34			948		1	0.13
			Total interest-bearing deposits			102,667		62	0.24			99,684		61	0.24
	Short-term borrowings					2,698		1	0.17			3,572		2	0.15
	Long-term debt					24,306		128	2.11			23,394		123	2.12
		Total interest-bearing liabilities				129,671		191	0.59			126,650		186	0.59
	Noninterest-bearing deposits					45,824						44,153
	Accounts payable and other liabilities					6,344						6,116
	Shareholders' equity					27,378						26,612
	Total liabilities and shareholders' equity				$	209,217					$	203,531
	Average interest-rate spread								3.18						3.17
	Net interest income / net interest margin						$	1,542	3.35	%			$	1,501	3.35	%
	Taxable-equivalent adjustment						$	38					$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

11

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					June 30, 2015						March 31, 2015						December 31, 2014
					(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
	Securities at amortized cost (3):
		U.S. Treasury			$	2,561	$	10	1.56	%	$	2,497	$	9	1.49	%	$	2,118	$	9	1.54	%
		U.S. government-sponsored entities (GSE)				5,400		28	2.13			5,394		29	2.13			5,394		29	2.13
		Mortgage-backed securities issued by GSE				29,245		149	2.05			29,679		153	2.04			29,706		148	2.01
		States and political subdivisions				1,834		27	5.80			1,823		26	5.80			1,818		27	5.81
		Non-agency mortgage-backed				220		5	7.88			228		4	7.87			235		5	7.81
		Other				623		2	1.11			643		2	1.39			654		2	1.42
		Acquired from FDIC				844		24	11.36			869		31	14.46			892		31	13.77
			Total securities			40,727		245	2.41			41,133		254	2.47			40,817		251	2.45
	Other earning assets					2,645		7	1.19			1,999		16	3.13			1,830		9	1.92
	Loans and leases:
		Commercial:
			Commercial and industrial			42,541		335	3.15			41,448		326	3.19			40,383		332	3.27
			CRE-income producing properties			10,730		90	3.37			10,680		89	3.39			10,681		93	3.43
			CRE-construction and development			2,767		23	3.31			2,734		22	3.32			2,772		24	3.38
			Dealer floor plan			1,010		5	1.81			1,040		5	1.80			1,053		5	1.83
		Direct retail lending				8,449		86	4.04			8,191		82	4.08			8,085		78	3.89
		Sales finance				9,507		64	2.70			9,458		63	2.72			9,194		64	2.77
		Revolving credit				2,365		51	8.68			2,385		52	8.85			2,427		54	8.72
		Residential mortgage				29,862		308	4.14			30,427		312	4.11			31,046		324	4.17
		Other lending subsidiaries				11,701		255	8.72			11,318		249	8.92			11,351		252	8.81
		Acquired from FDIC and PCI				1,055		38	14.66			1,156		45	15.85			1,309		52	15.93
			Total loans and leases held for investment			119,987		1,255	4.19			118,837		1,245	4.24			118,301		1,278	4.30
		Loans held for sale				2,069		18	3.48			1,398		13	3.61			1,611		16	3.91
			Total loans and leases			122,056		1,273	4.18			120,235		1,258	4.23			119,912		1,294	4.29
				Total earning assets		165,428		1,525	3.69			163,367		1,528	3.77			162,559		1,554	3.80
	Nonearning assets					23,605						23,930						23,903
	Total assets				$	189,033					$	187,297					$	186,462
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	20,950		4	0.08		$	20,623		4	0.07		$	19,308		4	0.07
		Money market and savings				53,852		23	0.18			51,644		22	0.17			51,176		21	0.17
		Time deposits				14,800		28	0.72			17,000		29	0.71			20,041		32	0.66
		Foreign office deposits - interest-bearing				764		―	0.09			563		―	0.08			660		1	0.08
			Total interest-bearing deposits			90,366		55	0.24			89,830		55	0.25			91,185		58	0.25
	Short-term borrowings					3,080		1	0.16			3,539		1	0.11			3,095		1	0.14
	Long-term debt					22,616		121	2.14			23,043		125	2.18			22,139		124	2.22
		Total interest-bearing liabilities				116,062		177	0.61			116,412		181	0.63			116,419		183	0.62
	Noninterest-bearing deposits					41,502						39,701						39,130
	Accounts payable and other liabilities					6,581						6,618						6,339
	Shareholders' equity					24,888						24,566						24,574
	Total liabilities and shareholders' equity				$	189,033					$	187,297					$	186,462
	Average interest-rate spread								3.08						3.14						3.18
	Net interest income / net interest margin						$	1,348	3.27	%			$	1,347	3.33	%			$	1,371	3.36	%
	Taxable-equivalent adjustment						$	36					$	35					$	36
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

12

BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)
					Year-to-Date
					December 31, 2015						December 31, 2014
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities at amortized cost (3):
		U.S. Treasury			$	2,650	$	42	1.58	%	$	1,969	$	30	1.51	%
		U.S. government-sponsored entities (GSE)				5,338		113	2.13			5,516		116	2.10
		Mortgage-backed securities issued by GSE				30,683		605	1.98			29,504		589	2.00
		States and political subdivisions				1,913		108	5.62			1,827		106	5.78
		Non-agency mortgage-backed				215		18	8.17			246		19	7.55
		Other				477		7	1.31			547		8	1.43
		Acquired from FDIC				827		101	12.22			932		125	13.35
			Total securities			42,103		994	2.36			40,541		993	2.45
	Other earning assets					2,768		38	1.39			1,881		40	2.13
	Loans and leases:
		Commercial:
			Commercial and industrial			44,648		1,434	3.21			39,537		1,325	3.35
			CRE-income producing properties			11,806		432	3.66			10,489		366	3.49
			CRE-construction and development			3,196		114	3.57			2,616		92	3.51
			Dealer floor plan			1,068		20	1.85			985		18	1.87
		Direct retail lending (4)				9,375		381	4.07			8,249		338	4.10
		Sales finance				9,975		286	2.86			9,022		253	2.80
		Revolving credit				2,406		211	8.76			2,385		208	8.70
		Residential mortgage (4)				30,252		1,255	4.15			31,528		1,325	4.20
		Other lending subsidiaries				12,291		1,067	8.68			10,848		985	9.08
		Acquired from FDIC and PCI				1,083		179	16.57			1,613		278	17.22
			Total loans and leases held for investment			126,100		5,379	4.27			117,272		5,188	4.42
		Loans held for sale				1,702		62	3.63			1,558		65	4.19
			Total loans and leases			127,802		5,441	4.26			118,830		5,253	4.42
				Total earning assets		172,673		6,473	3.75			161,252		6,286	3.90
	Nonearning assets					24,674						23,843
	Total assets				$	197,347					$	185,095
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	22,092		18	0.08		$	18,731		13	0.07
		Money market and savings				56,592		107	0.19			49,728		74	0.15
		Time deposits				16,405		107	0.66			22,569		151	0.67
		Foreign office deposits - interest-bearing				593		1	0.12			722		1	0.07
			Total interest-bearing deposits			95,682		233	0.24			91,750		239	0.26
	Short-term borrowings					3,221		5	0.15			3,421		5	0.13
	Long-term debt					23,343		497	2.13			22,210		525	2.36
		Total interest-bearing liabilities				122,246		735	0.60			117,381		769	0.65
	Noninterest-bearing deposits					42,816						37,327
	Accounts payable and other liabilities					6,414						6,433
	Shareholders' equity					25,871						23,954
	Total liabilities and shareholders' equity				$	197,347					$	185,095
	Average interest-rate spread								3.15						3.25
	Net interest income / net interest margin						$	5,738	3.32	%			$	5,517	3.42	%
	Taxable-equivalent adjustment						$	146					$	143
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.
(4)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

13

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2015		2015		2015		2015		2014
Nonperforming assets (1)
	Nonaccrual loans and leases:
		Commercial:
			Commercial and industrial	$	237	$	211	$	198	$	230	$	239
			Commercial real estate-income producing properties		38		45		59		63		74
			Commercial real estate-construction and development		13		24		16		18		26
			Dealer floor plan		―		7		7		―		―
		Direct retail lending			43		39		41		47		48
		Sales finance			7		6		6		7		5
		Residential mortgage (2)			173		196		188		183		166
		Other lending subsidiaries			65		57		57		51		58
			Total nonaccrual loans and leases held for investment (2)		576		585		572		599		616
	Foreclosed real estate				82		85		86		90		87
	Foreclosed real estate-acquired from FDIC and PCI				26		45		47		53		56
	Other foreclosed property				28		29		24		23		23
			Total nonperforming assets (1)(2)	$	712	$	744	$	729	$	765	$	782
Performing troubled debt restructurings (TDRs) (3)
		Commercial:
			Commercial and industrial	$	49	$	54	$	75	$	54	$	64
			Commercial real estate-income producing properties		13		12		21		15		27
			Commercial real estate-construction and development		16		14		23		25		30
		Direct retail lending			72		75		81		84		84
		Sales finance			17		18		18		18		19
		Revolving credit			33		34		36		38		41
		Residential mortgage-nonguaranteed			288		275		273		269		261
		Residential mortgage-government guaranteed			316		321		328		325		360
		Other lending subsidiaries			178		173		172		168		164
			Total performing TDRs (3)	$	982	$	976	$	1,027	$	996	$	1,050
Loans 90 days or more past due and still accruing
		Direct retail lending		$	7	$	12	$	10	$	9	$	12
		Sales finance			5		4		4		3		5
		Revolving credit			10		9		9		10		9
		Residential mortgage-nonguaranteed			55		61		60		59		83
		Residential mortgage-government guaranteed (4)			121		128		154		157		238
		Acquired from FDIC and PCI (5)			114		167		124		154		188
			Total loans 90 days past due and still accruing (4)(5)	$	312	$	381	$	361	$	392	$	535
Loans 30-89 days past due
		Commercial:
			Commercial and industrial	$	36	$	26	$	16	$	20	$	23
			Commercial real estate-income producing properties		13		6		4		7		4
			Commercial real estate-construction and development		9		2		3		2		1
		Direct retail lending			58		46		41		40		41
		Sales finance			72		63		53		49		62
		Revolving credit			22		20		19		19		23
		Residential mortgage-nonguaranteed			397		368		362		356		392
		Residential mortgage-government guaranteed (6)			75		73		74		68		80
		Other lending subsidiaries			304		274		230		151		237
		Acquired from FDIC and PCI			42		28		31		47		33
			Total loans 30-89 days past due (6)	$	1,028	$	906	$	833	$	759	$	896
Excludes loans held for sale.
(1)	Loans acquired from the FDIC and PCI are accounted for using the accretion method.
(2)	During the fourth quarter of 2015, approximately $50 million of nonaccrual residential mortgage loans were sold.
(3)	Excludes TDRs that are nonperforming totaling $146 million, $154 million, $127 million, $127 million, and $126 million at December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively. These amounts are included in total nonperforming assets.
(4)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $365 million, $353 million, $338 million, $361 million and $410 million at December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively.
(5)	Approximately $93 million of PCI loans 90 days or more past due and still accruing as of September 30, 2015 have been reclassified to current based on a correction to the aging methodology for these loans.
(6)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $2 million, $3 million, $3 million, $2 million and $2 million at December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

14

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of/For the Quarter Ended
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2015		2015		2015		2015		2014
Allowance for credit losses
	Beginning balance			$	1,551	$	1,535	$	1,532	$	1,534	$	1,567
	Provision for credit losses (excluding loans acquired from FDIC and PCI)				128		100		97		105		84
	Provision (benefit) for loans acquired from FDIC and PCI				1		3		―		(6)		(1)
	Charge-offs:
		Commercial:
			Commercial and industrial		(19)		(16)		(32)		(14)		(27)
			Commercial real estate—income producing properties		(3)		(4)		(4)		(9)		(4)
			Commercial real estate—construction and development		(1)		(1)		―		(2)		(2)
		Direct retail lending			(14)		(15)		(13)		(12)		(14)
		Sales finance			(10)		(5)		(5)		(6)		(7)
		Revolving credit			(16)		(17)		(19)		(18)		(18)
		Residential mortgage-nonguaranteed			(14)		(7)		(8)		(11)		(10)
		Residential mortgage-government guaranteed			(2)		(3)		(1)		―		―
		Other lending subsidiaries			(85)		(77)		(57)		(67)		(71)
		Acquired from FDIC and PCI			―		―		―		(1)		(14)
			Total charge-offs		(164)		(145)		(139)		(140)		(167)
	Recoveries:
		Commercial:
			Commercial and industrial		8		8		13		8		13
			Commercial real estate—income producing properties		1		3		1		2		7
			Commercial real estate—construction and development		2		3		2		4		4
		Direct retail lending			6		8		7		8		7
		Sales finance			2		2		2		3		2
		Revolving credit			5		5		5		5		5
		Residential mortgage-nonguaranteed			1		1		1		―		5
		Other lending subsidiaries			9		8		10		9		8
			Total recoveries		34		38		41		39		51
	Net charge-offs				(130)		(107)		(98)		(101)		(116)
	Other				―		20		4		―		―
	Ending balance			$	1,550	$	1,551	$	1,535	$	1,532	$	1,534
Allowance for credit losses
	Allowance for loan and lease losses (excluding loans acquired from the FDIC and PCI)			$	1,399	$	1,398	$	1,400	$	1,407	$	1,410
	Allowance for loans acquired from the FDIC and PCI				61		60		57		57		64
	Reserve for unfunded lending commitments				90		93		78		68		60
		Total		$	1,550	$	1,551	$	1,535	$	1,532	$	1,534
											As of/For the
											Twelve Months Ended
											December 31
											2015		2014
Allowance for credit losses
	Beginning balance									$	1,534	$	1,821
	Provision for credit losses (excluding loans acquired from FDIC and PCI)										430		280
	Provision (benefit) for loans acquired from FDIC and PCI										(2)		(29)
	Charge-offs:
		Commercial:
			Commercial and industrial								(81)		(131)
			Commercial real estate—income producing properties								(20)		(31)
			Commercial real estate—construction and development								(4)		(11)
		Direct retail lending (1)									(54)		(69)
		Sales finance									(26)		(23)
		Revolving credit									(70)		(71)
		Residential mortgage-nonguaranteed (1)									(40)		(82)
		Residential mortgage-government guaranteed									(6)		(2)
		Other lending subsidiaries									(286)		(269)
		Acquired from FDIC and PCI									(1)		(21)
			Total charge-offs								(588)		(710)
	Recoveries:
		Commercial:
			Commercial and industrial								37		42
			Commercial real estate—income producing properties								7		14
			Commercial real estate—construction and development								11		19
		Direct retail lending (1)									29		29
		Sales finance									9		9
		Revolving credit									20		19
		Residential mortgage-nonguaranteed (1)									3		7
		Other lending subsidiaries									36		33
			Total recoveries								152		172
	Net charge-offs										(436)		(538)
	Other										24		―
	Ending balance									$	1,550	$	1,534
(1)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

15

BB&T Corporation
Credit Quality
			As of/For the Quarter Ended
			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2015		2015		2015		2015		2014
Asset Quality Ratios (including acquired from FDIC and PCI)
	Loans 30-89 days past due and still accruing as a
		percentage of loans and leases (1)	0.76	%	0.67	%	0.68	%	0.63	%	0.75	%
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)(3)	0.23		0.28		0.29		0.33		0.45
	Nonperforming loans and leases as a
		percentage of loans and leases	0.42		0.43		0.47		0.50		0.51
	Nonperforming assets as a percentage of:
		Total assets	0.34		0.36		0.38		0.40		0.42
		Loans and leases plus foreclosed property	0.52		0.55		0.60		0.64		0.65
	Net charge-offs as a percentage of average loans and leases		0.38		0.32		0.33		0.34		0.39
	Allowance for loan and lease losses as a percentage of
		loans and leases	1.07		1.08		1.19		1.22		1.23
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	2.83	X	3.44	X	3.71	X	3.60	X	3.21	X
		Nonperforming loans and leases	2.53		2.49		2.55		2.45		2.39
Asset Quality Ratios (excluding acquired from FDIC and PCI) (2)
	Loans 90 days or more past due and still accruing
		as a percentage of loans and leases (1)	0.15	%	0.16	%	0.19	%	0.20	%	0.29	%
									As of/For the
									Twelve Months Ended
									December 31
									2015		2014
Asset Quality Ratios
	Including acquired from FDIC and PCI:
		Net charge-offs as a percentage of average loans and leases							0.35	%	0.46	%
		Ratio of allowance for loan and lease losses to net charge-offs							3.36	X	2.74	X
Applicable ratios are annualized. Loans and leases exclude loans held for sale.
(1)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans. The prior quarters have been revised to include government guaranteed mortgage loans consistent with the current presentation.
(2)	These asset quality ratios have been adjusted to remove the impact of assets acquired from the FDIC and PCI.  Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios.  Management believes the inclusion of assets acquired from the FDIC and PCI in certain asset quality ratios results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were subject to different accounting requirements.
(3)	Approximately $93 million of PCI loans 90 days or more past due and still accruing as of September 30, 2015 have been reclassified to current based on a revision to the aging methodology for these loans.

16

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)
			As of December 31, 2015
										Past Due 30-89						Past Due 90+
			Current Status							Days						Days								Total
Performing TDRs: (1)
	Commercial:
		Commercial and industrial	$	45		91.8		%		$	4		8.2		%	$		―		―		%		$	49
		Commercial real estate—income producing properties		13		100.0					―		―					―		―					13
		Commercial real estate—construction and development		16		100.0					―		―					―		―					16
	Direct retail lending			70		97.2					2		2.8					―		―					72
	Sales finance			16		94.1					1		5.9					―		―					17
	Revolving credit			28		84.9					4		12.1					1		3.0					33
	Residential mortgage—nonguaranteed			236		81.9					44		15.3					8		2.8					288
	Residential mortgage—government guaranteed			174		55.1					64		20.2					78		24.7					316
	Other lending subsidiaries			146		82.0					32		18.0					―		―					178
		Total performing TDRs		744		75.8					151		15.4					87		8.8					982
Nonperforming TDRs (2)				61		41.8					23		15.7					62		42.5					146
		Total TDRs	$	805		71.4				$	174		15.4			$		149		13.2				$	1,128
					Quarter Ended
					Dec. 31				Sept. 30					June 30					March 31				Dec. 31
					2015				2015					2015					2015				2014
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial			0.09		%		0.07			%		0.18			%		0.06		%		0.13			%
		Commercial real estate—income producing properties			0.05				0.03					0.11					0.28				(0.13)
		Commercial real estate—construction and development			(0.10)				(0.25)					(0.20)					(0.36)				(0.18)
	Direct retail lending				0.30				0.29					0.29					0.18				0.36
	Sales finance				0.28				0.12					0.11					0.14				0.21
	Revolving credit				1.85				1.88					2.24					2.32				2.27
	Residential mortgage				0.19				0.11					0.12					0.15				0.06
	Other lending subsidiaries				2.30				2.12					1.60					2.07				2.20
	Acquired from FDIC and PCI				0.14				0.19					―					0.10				4.19
		Total loans and leases			0.38				0.32					0.33					0.34				0.39
																			Year-to-date
																			Dec. 31				Dec. 31
																			2015				2014
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial																	0.10		%		0.22			%
		Commercial real estate—income producing properties																	0.11				0.16
		Commercial real estate—construction and development																	(0.22)				(0.28)
	Direct retail lending																		0.27				0.49
	Sales finance																		0.16				0.16
	Revolving credit																		2.07				2.20
	Residential mortgage																		0.14				0.24
	Other lending subsidiaries																		2.03				2.18
	Acquired from FDIC and PCI																		0.10				1.33
		Total loans and leases																	0.35				0.46
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Nonperforming TDRs are included in nonaccrual loan disclosures.

17

BB&T Corporation
Preliminary 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
			2015			2015			2015			2015			2014
Selected Capital Information
	Risk-based capital:		Basel III												Basel I
		Common equity tier 1	$	17,081		$	16,822		$	16,031		$	15,755			N/A
		Tier 1		19,682			19,422			18,633			18,320		$	17,840
		Total		23,755			23,612			21,896			21,654			21,381
	Risk-weighted assets (1)			166,784			165,990			154,493			150,092			143,675
	Average quarterly tangible assets			209,131			195,623			182,444			180,790			179,785
	Risk-based capital ratios:
		Common equity tier 1		10.2	%		10.1	%		10.4	%		10.5	%		N/A
		Tier 1		11.8			11.7			12.1			12.2			12.4	%
		Total		14.2			14.2			14.2			14.4			14.9
	Leverage capital ratio			9.8			9.9			10.2			10.1			9.9
	Equity as a percentage of total assets			13.0			13.1			13.2			13.1			13.0
	Common equity per common share		$	31.66		$	31.56		$	30.64		$	30.48		$	30.09
Selected non-GAAP Capital Information (2)
	Tangible common equity as a percentage of tangible assets			7.7	%		7.7	%		8.1	%		8.0	%		8.0	%
	Tangible common equity per common share		$	19.82		$	19.77		$	20.21		$	20.13		$	19.86
Calculations of tangible common equity, tangible assets and related measures: (2)
Total shareholders' equity			$	27,340		$	27,264		$	25,132		$	24,738		$	24,377
Less:
	Preferred stock			2,603			2,603			2,603			2,603			2,603
	Noncontrolling interests			34			40			52			96			88
	Intangible assets			9,234			9,198			7,655			7,480			7,374
Tangible common equity			$	15,469		$	15,423		$	14,822		$	14,559		$	14,312
Total assets			$	209,947		$	208,809		$	191,017		$	189,228		$	186,834
Less:
	Intangible assets			9,234			9,198			7,655			7,480			7,374
Tangible assets			$	200,713		$	199,611		$	183,362		$	181,748		$	179,460
Tangible common equity as a percentage of tangible assets				7.7	%		7.7	%		8.1	%		8.0	%		8.0	%
Tangible common equity			$	15,469		$	15,423		$	14,822		$	14,559		$	14,312
Outstanding shares at end of period (in thousands)				780,337			780,150			733,481			723,159			720,698
Tangible common equity per common share			$	19.82		$	19.77		$	20.21		$	20.13		$	19.86
(1)	Risk-based capital, risk-weighted assets, leverage capital and related ratios for the first quarter of 2015 and later are determined in accordance with the Basel III Standardized Transitional Approach, which became effective January 1, 2015. Amounts and ratios for earlier periods were determined in accordance with Basel I.
(2)	Tangible common equity and related ratios are non-GAAP measures.  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.

18

BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)
													Favorable (Unfavorable)
Selected Items													Pre-Tax			After-Tax
Fourth Quarter 2015
	None
Third Quarter 2015
	None
Second Quarter 2015
	Gain on sale of American Coastal, excluding goodwill												$	23		$	15
	Allocation of non-deductible goodwill to American Coastal													(49)			(49)
		Net loss on sale of American Coastal		Other income										(26)			(34)
	Loss on early extinguishment of debt			Debt extinguishment charges										(172)			(107)
	Income tax adjustment			Provision for income taxes										N/A			107
First Quarter 2015
	None
Fourth Quarter 2014
	Mortgage reserve adjustments			Loan-related expense										(27)			(17)
	Franchise tax adjustment			Other expense										15			9
	Allowance release related to loan sale			Provision for credit losses										24			15
Third Quarter 2014
	Loss on early extinguishment of debt			Debt extinguishment charges										(122)			(76)
	Allowance release related to loan sale			Provision for credit losses										42			26
	Income tax adjustment			Provision for income taxes										N/A			50
Second Quarter 2014
	FHA-insured mortgage loan reserve adjustment			Other expense										(85)			(53)
	Mortgage loan indemnification reserve adjustment			Loan-related expense										(33)			(21)
	Income tax adjustment			Provision for income taxes										N/A			(14)
First Quarter 2014
	Reallocation of partnership profit rights			Noncontrolling interests										N/A			(16)
				As of / Quarter Ended
				Dec. 31			Sept. 30			June 30			March 31			Dec. 31
				2015			2015			2015			2015			2014
Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation:
		MSRs fair value increase (decrease)		$	31		$	(89)		$	142		$	(71)		$	(105)
		MSRs hedge gains (losses)			(24)			94			(119)			81			123
			Net	$	7		$	5		$	23		$	10		$	18
	Residential mortgage loan originations			$	3,535		$	5,039		$	5,498		$	4,035		$	3,888
	Residential mortgage servicing portfolio (1):
		Loans serviced for others			91,132			90,446			89,235			89,192			90,230
		Bank-owned loans serviced			31,037			32,134			31,927			31,887			32,027
			Total servicing portfolio		122,169			122,580			121,162			121,079			122,257
	Weighted-average coupon rate				4.12	%		4.13	%		4.15	%		4.18	%		4.20	%
	Weighted-average servicing fee				0.286			0.287			0.289			0.291			0.292
Selected Miscellaneous Information
	Derivatives notional amount			$	67,525		$	72,978		$	76,205		$	77,592		$	72,321
	Fair value of derivatives, net				178			286			177			185			109
	Accumulated other comprehensive income related to securities,
		net of tax (2)			(330)			(51)			(148)			8			(99)
	Common stock prices:
		High			39.47			41.90			41.70			40.17			39.69
		Low			34.24			34.73			37.33			34.95			34.50
		End of period			37.81			35.60			40.31			38.99			38.89
	Banking offices				2,139			2,150			1,903			1,875			1,839
	ATMs				3,181			3,361			3,077			3,026			2,977
	FTEs (3)				36,059			35,002			32,598			32,109			32,265
													Quarter Ended			YTD Ended
													Dec. 31, 2014			Dec. 31, 2014
Impact of Retrospective Adoption of New Accounting Guidance for Affordable Housing Investments
	Increase to other income												$	35		$	141
	Increase to provision for income taxes													41			161
		Increase (decrease) to net income												(6)			(20)
	Cumulative impact to retained earnings at end of period													(49)			(49)
(1)	Amounts reported are unpaid principal balance.
(2)	Includes the impact of the FDIC loss sharing agreements on the acquired securities.
(3)	Represents a quarterly average.

19

BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended
			Dec. 31			Sept. 30			June 30			March 31					Dec. 31
Efficiency and Fee Income Ratios (1)			2015			2015			2015			2015					2014
Efficiency ratio - GAAP			62.4	%		64.1	%		69.8	%		60.7		%			58.3		%
	Effect of merger-related and restructuring charges, net		(1.9)			(3.1)			(1.1)			(0.5)					(0.7)
	Effect of loss on sale of American Coastal		―			―			(0.8)			―					―
	Effect of mortgage reserve adjustments		―			―			―			―					(1.1)
	Effect of loss on early extinguishment of debt		―			―			(7.1)			―					―
	Effect of franchise tax adjustment		―			―			―			―					0.6
	Effect of FDIC loss share accounting		―			―			(0.1)			(0.1)					(0.1)
	Effect of foreclosed property expense		(0.4)			(0.6)			(0.6)			(0.6)					(0.4)
	Effect of amortization of intangibles		(1.3)			(1.2)			(0.9)			(1.0)					(1.0)
Efficiency ratio - reported			58.8			59.2			59.2			58.5					55.6
Fee income ratio - GAAP			39.7	%		39.7	%		43.0	%		42.5		%			42.7		%
	Effect of loss on sale of American Coastal		―			―			0.6			―					―
	Effect of FDIC loss share accounting		2.1			2.4			2.7			3.3					3.5
Fee income ratio - reported			41.8			42.1			46.3			45.8					46.2
												Year-to-Date Dec. 31
												2015					2014
Efficiency ratio - GAAP												64.2		%			62.4		%
	Effect of merger-related and restructuring charges, net											(1.7)					(0.5)
	Effect of mortgage loan indemnification reserves											―					(0.4)
	Effect of loss on sale of American Coastal											(0.2)					―
	Effect of mortgage reserve adjustments											―					(0.3)
	Effect of loss on early extinguishment of debt											(1.8)					(1.3)
	Effect of franchise tax adjustment											―					0.2
	Effect of FDIC loss share accounting											―					(0.2)
	Effect of foreclosed property expense											(0.5)					(0.4)
	Effect of FHA-insured mortgage loan reserve adjustment											―					(0.9)
	Effect of amortization of intangibles											(1.1)					(0.9)
Efficiency ratio - reported												58.9					57.7
Fee income ratio - GAAP												41.2		%			41.1		%
	Effect of loss on sale of American Coastal											0.2					―
	Effect of FDIC loss share accounting											2.5					3.6
Fee income ratio - reported												43.9					44.7
			Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31					Dec. 31
Return on Average Tangible Common Shareholders' Equity (2)		2015			2015			2015			2015					2014
Net income available to common shareholders		$	502		$	492		$	454		$		488			$		551
Plus: Amortization of intangibles, net of tax			21			18			14				13					14
Tangible net income available to common shareholders		$	523		$	510		$	468		$		501			$		565
Average common shareholders' equity		$	24,736		$	23,957		$	22,210		$		21,883			$		21,895
Less: Average intangible assets			9,224			8,666			7,496				7,366					7,385
Average tangible common shareholders' equity		$	15,512		$	15,291		$	14,714		$		14,517			$		14,510
Return on average tangible common shareholders' equity			13.37	%		13.23	%		12.76	%			14.00		%			15.45		%
											Year-to-Date Dec. 31,
											2015					2014
Net income available to common shareholders											$		1,936			$		1,983
Plus:
	Amortization of intangibles, net of tax												66					57
Tangible net income available to common shareholders											$		2,002			$		2,040
Average common shareholders' equity											$		23,206			$		21,280
Less:
	Average intangible assets												8,194					7,388
Average tangible common shareholders' equity											$		15,012			$		13,892
Return on average tangible common shareholders' equity													13.34		%			14.68		%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

20