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BB&T Corp. Jan 12
Standard & Poors, Jan 2012
Abstract
Strong base of fee revenue that contributes 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' stable outlook on BB&T Corp. reflects its view that BB&T's consistent fee income and declining credit costs will translate into a further improvement in earnings performance and that management will continue to maintain adequate capital levels. If the economic challenges in the company's core markets intensify and NPAs, including past-due and restructured loans, climb above 6%, or if our RAC ratio declines and remains less than 7%, we...
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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