Computation of Earnings Per Share

6 Months Ended

Jun. 30, 2011

Computation of Earnings Per Share

Computation of Earnings Per Share

NOTE 16. Computation of Earnings Per Share

BB&T's basic and diluted earnings per share amounts for the three and six months ended June 30, 2011 and 2010 respectively, were calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
	(Dollars in millions, except per share data, shares in thousands)
Basic Earnings Per Share:
Net income available to common shareholders	$	307	$	210	$	532	$	398
Weighted average number of common shares		696,625		692,113		695,971		691,456
Basic earnings per share	$	0.44	$	0.30	$	0.76	$	0.58
Diluted Earnings Per Share:
Net income available to common shareholders	$	307	$	210	$	532	$	398
Weighted average number of common shares		696,625		692,113		695,971		691,456
Add:
Effect of dilutive outstanding equity-based awards		8,344		9,209		8,612		8,767
Weighted average number of diluted common shares		704,969		701,322		704,583		700,223
Diluted earnings per share	$	0.44	$	0.30	$	0.76	$	0.57

For the three months ended June 30, 2011 and 2010, the number of anti-dilutive awards was 41.0 million and 25.8 million shares, respectively. For the six months ended June 30, 2011 and 2010, the number of anti-dilutive awards was 41.1 million and 32.1 million shares, respectively.