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BB&T Corp.
Standard & Poors, May 2011
Abstract
Strong base of fee revenues that contribute to good preprovision earnings Proven ability to integrate acquisitions but now focusing on organic growth Diversified business model Concentration in vulnerable Southeast U.S. markets Challenging real estate focus but improving credit trends Specialized lending business that adds incremental credit pressures Standard & Poor's Ratings Services' ratings on BB&T Corp. (BB&T) are based on the company's strong fee businesses and good earnings, its growth through acquisitions, and diversified business model. The company's concentration in the Southeast U.S., its troubled real estate portfolio, and specialized lending somewhat offset these strengths. BB&T's diversified business model, split about evenly in retail and commercial lending, and its strong-fee based business buttress its good preprovision income of about $3...
Companies mentioned in this report are: BB&T Corp.,Branch Banking & Trust Co. ,BB&T Capital Trust I,BB&T Capital Trust II,BB&T Capital Trust IV,BB&T Capital Trust VI,BB&T Capital Trust VII
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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