Truist Financial (TFC) 8-K 26thConsecutive year of record operating earnings

January 17, 2008
FOR IMMEDIATE RELEASE
Contacts:
ANALYSTS		MEDIA
Tamera Gjesdal	Chris Henson	Bob Denham
Senior Vice President	Sr. Exec. Vice President	Senior Vice President
Investor Relations	Chief Financial Officer	Corporate Communications
(336) 733-3058	(336)733-3008	(336) 733-1475

BB&T reports 2007 net income of $1.73 billion; up 13.5%

26^thConsecutive year of record operating earnings

     WINSTON-SALEM, N.C. -- BB&T Corporation (NYSE: BBT) reported today earnings for the fourth quarter and the full year 2007. For the fourth quarter, net income totaled $411 million, or $.75 per diluted share, compared with $251 million, or $.46 per diluted share, earned during the fourth quarter of 2006. These results reflect increases of 63.7% and 63.0%, respectively, compared to the fourth quarter last year.

     During the fourth quarter of 2007, BB&T recorded a net after-tax liability of $9 million relating to the Visa antitrust lawsuit settlement with American Express and other pending litigation. BB&T expects that proceeds from an anticipated share redemption related to its ownership interest in Visa’s planned initial public offering will more than offset this charge. In addition, BB&T recorded a credit of $7 million to the provision for income taxes related to leveraged lease transactions and $2 million in net after-tax merger-related and restructuring charges.

     Fourth quarter 2006 net income was negatively affected by a $139 million after-tax charge associated with providing additional tax reserves related to leveraged lease transactions, $47 million in after-tax losses resulting from restructuring a portion of the securities portfolio and $5 million in net after-tax merger-related and restructuring charges.

     Excluding the impact of these items from both 2007 and 2006, operating earnings for the fourth quarter of 2007 totaled $415 million, or $.75 per diluted share, compared with fourth quarter 2006 operating earnings of $442 million, or $.81 per diluted share. The 2007 operating results reflect decreases of 6.1% and 7.4%, respectively, compared to the same period last year.

     For the full year 2007, BB&T’s net income was $1.73 billion compared to $1.53 billion earned in 2006, an increase of 13.5% . Diluted earnings per share for 2007 totaled $3.14, an increase of 11.7% compared to $2.81 earned in 2006. Excluding net after-tax merger-related and restructuring charges or credits and nonrecurring items from 2007 and 2006, operating earnings for 2007 totaled $1.75 billion, an increase of 2.5% compared to operating earnings of $1.71 billion earned in 2006. Diluted operating earnings per share totaled $3.17 in 2007, an increase of 1.0% compared to $3.14 earned in 2006.

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     Cash basis operating results exclude the unamortized balances of intangibles from assets and shareholders’ equity, and exclude the amortization of intangibles, the net amortization of purchase accounting mark-to-market adjustments, merger-related and restructuring charges or credits and nonrecurring items from earnings. Cash basis operating earnings totaled $432 million for the fourth quarter of 2007, a decrease of 6.1% compared to the fourth quarter of 2006. Cash basis operating diluted earnings per share totaled $.78 for the fourth quarter of 2007, a decrease of 7.1% compared to $.84 earned during the same period in 2006. Cash basis operating earnings for the fourth quarter of 2007 produced annualized returns on average tangible assets and average tangible shareholders’ equity of 1.37% and 24.03%, respectively, compared to prior year returns of 1.61% and 26.88%, respectively.

     “Despite a very challenging economic environment and deteriorating credit quality, 2007 operating results represent our 26^th consecutive year of record operating earnings,” said Chairman and Chief Executive Officer John A. Allison. “As anticipated, levels of nonperforming assets and credit losses increased during the quarter as a result of the slowing residential real estate market and a weaker overall economy. These credit issues required an increase to the allowance for loan losses, which reduced fourth quarter earnings. While it is difficult to know the full extent of the economic downturn and the resulting impact on BB&T’s credit quality, given our current outlook, we do expect further increases in nonperforming assets and net charge-offs into 2008, but we believe the increases will be manageable.

     “Despite the credit issues, the fourth quarter also reflects a number of positives, including a slightly higher net interest margin compared to the third quarter that is very encouraging, solid production from our lending and deposit gathering efforts, healthy growth in many of our fee income producing businesses, strong capital levels, and a 1.0% reduction in noninterest expenses, excluding purchases, compared to the fourth quarter last year.”

Nonperforming Assets and Credit Losses Increase in Response to Economic Conditions

     BB&T’s nonperforming asset levels and credit losses increased in the fourth quarter. Nonperforming assets, as a percentage of total assets, increased to .52% at Dec. 31, 2007, compared to .42% at Sept. 30, 2007, and .29% at Dec. 31, 2006. Annualized net charge-offs were .48% of average loans and leases for the fourth quarter of 2007, up from .33% in the fourth quarter of 2006. Excluding losses incurred by BB&T’s specialized lending subsidiaries, annualized net charge-offs for the current quarter were .28% of average loans and leases compared to .18% in the same quarter last year. The provision for credit losses totaled $184 million in the fourth quarter of 2007, an increase of 152% compared to the same quarter last year, and exceeded net charge-offs by $73 million in the quarter. The higher provision increased the allowance for loan and lease losses as a percentage of loans to 1.10% at Dec. 31, 2007, compared to 1.0 4% at Sept. 30, 2007. The increases in net charge-offs, nonperforming assets and the provision for credit losses were largely driven by challenges in residential real estate markets with the largest concentration of credit issues occurring in Atlanta and Florida.

Combined Loan and Deposit Growth Remains Healthy

     Average loans and leases totaled $90.8 billion for the fourth quarter of 2007, reflecting an increase of $8.1 billion, or 9.8%, compared to the fourth quarter of 2006. This increase was composed of growth in average commercial loans and leases, which increased $3.2 billion, or 7.9%; average mortgage loans, which increased $2.2 billion, or 13.7%; average consumer loans, which increased $1.0 billion, or 4.3%; and growth in average loans originated by BB&T’s specialized lending subsidiaries, which increased $1.7 billion, or 48.9%, compared to the fourth quarter last year. For the full year 2007, average loans and leases were $88.0 billion, an increase of 10.9% compared to the same period last year.

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     BB&T’s deposit gathering efforts continued to be successful during the fourth quarter, as average client deposits increased 5.6% compared to the fourth quarter last year. Average total client deposits were $77.0 billion for the fourth quarter of 2007 compared to $72.9 billion for the same period of 2006. Total average deposits for the fourth quarter were $85.3 billion, an increase of 6.7% compared to $79.9 billion for the fourth quarter of 2006. For the full year 2007, average client deposits and average total deposits increased 9.2% and 8.1%, respectively, compared to the full year 2006.

BB&T’s Fee Based Businesses Produce Solid Quarterly Growth Rates

      Noninterest income, excluding securities gains and losses, increased $42 million, or 6.2%, during the fourth quarter of 2007 compared to 2006. These increases include higher revenues from BB&T’s insurance operations, service charges on deposit accounts, and other nondeposit fees and commissions, as well as a solid performance from both BB&T’s investment banking and brokerage operations and mortgage banking operations during the quarter.

     Commissions from BB&T’s insurance operations increased 3.3% to $221 million in the current quarter compared with $214 million earned in the fourth quarter of 2006. This increase was primarily the result of growth from improved sales of insurance products, which were partially offset by more competitive pricing in the property and casualty insurance market.

     Service charges on deposit accounts totaled $165 million for the fourth quarter of 2007, an increase of 17.0% compared to $141 million earned in the same quarter last year. This increase was attributable to growth in revenues from overdraft items.

     Other nondeposit fees and commissions totaled $133 million for the fourth quarter of 2007, an increase of 14.7% compared to the fourth quarter of 2006. This increase was generated primarily by growth in bankcard income and debit and check card related services.

     BB&T’s investment banking and brokerage operations enjoyed a solid quarter as fees increased 13.3% to $85 million compared to $75 million earned in the same quarter last year. This increase was primarily driven by growth in revenues at Scott & Stringfellow.

     Revenues from mortgage banking operations totaled $27 million for the fourth quarter of 2007, an increase of 12.5% compared to the fourth quarter of 2006. This growth was primarily attributable to an increase in commercial mortgage banking revenues, which increased 27.3% to $14 million in the fourth quarter of 2007 compared to $11 million earned during the fourth quarter of 2006, as a result of the acquisition of Collateral Real Estate Capital, LLC.

     Other noninterest income totaled $44 million for the fourth quarter of 2007 compared to $65 million earned in the same quarter last year, a decrease of 32.3%. This decrease primarily resulted from losses on trading, hedging and other market activities.

Capital Levels Remain Very Strong

     BB&T’s tangible and regulatory capital levels exceeded all internal targets and remained very strong at Dec. 31, 2007. BB&T’s tangible capital ratio was 5.6% at Dec. 31, 2007, and the Tier 1 leverage ratio was 7.2% . In addition, BB&T’s Tier 1 risked-based capital and total risked-based capital ratios as of Dec. 31, 2007, were 9.1% and 14.3%, respectively. BB&T’s risked-based capital ratios are significantly higher than its peer group of banks and provide a strong foundation for the future. Given these healthy capital levels and management’s current projections, it is anticipated that BB&T will increase the cash dividendduring 2008, which will mark the 37^th consecutive year that BB&T has raised the cash dividend to shareholders. BB&T has paid a cash dividend every year since 1903 and has been recognized as a member of both the Mergent Dividend Achievers and Standard and Poors Dividend Aristocrats based on an excellent track record of paying dividends.

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BB&T Exceeds Goals Related to Noninterest Expense

     Noninterest expense, on an operating basis, totaled $925 million for the fourth quarter of 2007, an increase of 1.3% compared to the same period in 2006. BB&T’s goal for 2007 was to limit noninterest expense growth to 4.0%, excluding purchases. In fact, noninterest expense decreased .7% for 2007 compared to the full year 2006, excluding acquisitions, and decreased 1.0% in 2007’s fourth quarter compared to the same period last year.

BB&T Expands Businesses Through High-Quality Acquisitions

     On Nov. 1, 2007, BB&T completed the acquisition of Collateral Real Estate Capital, LLC (“Collateral”), a commercial real estate finance company headquartered in Birmingham, Alabama. BB&T combined the operations of Collateral with its existing commercial mortgage banking subsidiary, Laureate Capital LLC. The combined company was renamed Grandbridge Real Estate Capital LLC and is based in Charlotte, North Carolina. Also, in early January 2008, BB&T Insurance Services continued to expand its metro Atlanta operation with the acquisition of Ott & Company of Alpharetta, Ga. and Ramsay Title Group of Norcross, Ga.

     At Dec. 31, 2007, BB&T had $132.6 billion in assets and operated 1,492 banking offices in the Carolinas, Virginia, West Virginia, Kentucky, Georgia, Maryland, Tennessee, Florida, Alabama, Indiana and Washington, D.C. BB&T’s common stock is traded on the New York Stock Exchange under the trading symbol BBT. The closing price of BB&T’s common stock on Jan. 16 was $28.19 per share.

     For additional information about BB&T’s financial performance, company news, products and services, please visit our Web site atwww.BBT.com.

Earnings Webcast

     To hear a live webcast of BB&T’s fourth quarter 2007 earnings conference call at 11:00 a.m. (EST) today, please visit our Web site atwww.BBT.com. Replays of the conference call will be available through our Web site until 5 p.m. (EST) on Friday, Feb. 1.

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     2006 operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.

     This press release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non-GAAP” measures in their analysis of the Corporation’s performance. Non-GAAP measures typically adjust GAAP performance measures to exclude the effects of charges, expenses and gains related to the consummation of mergers and acquisitions, and costs related to the integration of merged entities, as well as the amortization of intangibles and purchase accounting mark-to-market adjustments in the case of “cash basis” performance measures. These non-GAAP measures may also exclude other significant gains, losses or expenses that are unusual in nature and not expected to recur. Since these items and their impact on BB&T’s performance are difficult to predict, management believes presentations of financial measures excluding the impact of these items provide useful supplemental information that is important for a proper understanding of the operating results of BB&T’s core businesses. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

     This press release contains certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results may differ materially from current projections. Please refer to BB&T’s filings with the Securities and Exchange Commission for a summary of important factors that may affect BB&T’s forward-looking statements. BB&T undertakes no obligation to revise these statements following the date of this press release.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 5	Investor Relations	FAX (336) 733-3132

		For the Three Months Ended				Increase (Decrease)
(Dollars in millions, except per share data)		12/31/07			12/31/06		$			%
OPERATING EARNINGS STATEMENTS (1)
Interest income - taxable equivalent		$	2,029	$	1,888	$	141			7.5		%
Interest expense			1,021		910		111			12.2
Net interest income - taxable equivalent			1,008		978		30			3.1
Less: Taxable equivalent adjustment			17		22		(5	)		(22.7	)
Net interest income			991		956		35			3.7
Provision for credit losses			184		73		111			152.1
Net interest income after provision for credit losses			807		883		(76	)		(8.6	)
Noninterest income			718		677		41			6.1
Noninterest expense			925		913		12			1.3
Operating earnings before income taxes			600		647		(47	)		(7.3	)
Provision for income taxes			185		205		(20	)		(9.8	)
Operating earnings (1)		$	415	$	442	$	(27	)		(6.1	)	%
PER SHARE DATA BASED ON OPERATING EARNINGS (1)
Basic earnings		$	.76	$	.82	$	(.06	)		(7.3	)	%
Diluted earnings			.75		.81		(.06	)		(7.4	)
Weighted average shares (in thousands) -	Basic	547,795			540,807
	Diluted	551,078			546,618
Dividends paid per share		$	.46	$	.42	$	.04			9.5		%
PERFORMANCE RATIOS BASED ON OPERATING EARNINGS (1)
Return on average assets			1.26	%	1.48	%
Return on average equity			13.00		14.70
Net yield on earning assets (taxable equivalent)			3.46		3.70
Efficiency ratio (taxable equivalent) (2)			52.8		54.8
CASH BASIS PERFORMANCE
BASED ON OPERATING EARNINGS (1)(3)
Cash basis operating earnings		$	432	$	460	$	(28	)		(6.1	)	%
Diluted earnings per share			.78		.84		(.06	)		(7.1	)
Return on average tangible assets			1.37	%	1.61	%
Return on average tangible equity			24.03		26.88
Efficiency ratio (taxable equivalent) (2)			51.3		53.1
		For the Three Months Ended				Increase (Decrease)
(Dollars in millions, except per share data)		12/31/07			12/31/06	$			%
INCOME STATEMENTS
Interest income		$	2,012	$	1,866	$	146			7.8		%
Interest expense			1,021		910		111			12.2
Net interest income			991		956		35			3.7
Provision for credit losses			184		73		111			152.1
Net interest income after provision for credit losses			807		883		(76	)		(8.6	)
Noninterest income			718		602		116			19.3
Noninterest expense			942		922		20			2.2
Income before income taxes			583		563		20			3.6
Provision for income taxes			172		312		(140	)		(44.9	)
Net income		$	411	$	251	$	160			63.7		%
PER SHARE DATA
Basic earnings		$	.75	$	.46	$	.29			63.0		%
Diluted earnings			.75		.46		.29			63.0
Weighted average shares (in thousands) -	Basic	547,795			540,807
	Diluted	551,078			546,618
PERFORMANCE RATIOS BASED ON NET INCOME
Return on average assets			1.24	%	.84	%
Return on average equity			12.89		8.33
Efficiency ratio (taxable equivalent) (2)			53.8		55.3
NOTES: Prior period operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.
Applicable ratios are annualized.

(1) Operating earnings exclude the effect of merger-related and restructuring charges or credits and nonrecurring items. These amounts totaled $4 million

       and $191 million, net of tax, in the fourth quarters of 2007 and 2006, respectively. See Reconciliation Tables included herein.

(2) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage servicing rights, and gains or

       losses on mortgage servicing rights-related derivatives. Cash basis and operating ratios also exclude merger-related and restructuring charges or credits and nonrecurring

       items, where applicable. See Reconciliation Tables included herein.

(3) Cash basis performance information excludes the effect on earnings of amortization expense applicable to intangible assets, the unamortized balances of

       intangibles from assets and equity, net of deferred taxes, and the net amortization of purchase accounting mark-to-market adjustments. See Reconciliation

       Tables included herein.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 6	Investor Relations	FAX (336) 733-3132

		For the Twelve Months Ended					Increase (Decrease)
(Dollars in millions, except per share data)		12/31/07			12/31/06	$			%
OPERATING EARNINGS STATEMENTS (1)
Interest income - taxable equivalent		$	7,962	$	6,981	$	981			14.1		%
Interest expense			4,014		3,185		829			26.0
Net interest income - taxable equivalent			3,948		3,796		152			4.0
Less: Taxable equivalent adjustment			68		88		(20	)		(22.7	)
Net interest income			3,880		3,708		172			4.6
Provision for credit losses			448		240		208			86.7
Net interest income after provision for credit losses			3,432		3,468		(36	)		(1.0	)
Noninterest income			2,774		2,596		178			6.9
Noninterest expense			3,601		3,526		75			2.1
Operating earnings before income taxes			2,605		2,538		67			2.6
Provision for income taxes			856		831		25			3.0
Operating earnings (1)		$	1,749	$	1,707	$	42			2.5		%
PER SHARE DATA BASED ON OPERATING EARNINGS (1)
Basic earnings		$	3.20	$	3.17	$	.03			.9		%
Diluted earnings			3.17		3.14		.03			1.0
Weighted average shares (in thousands) -	Basic	547,184			539,140
	Diluted	551,755			543,891
Dividends paid per share		$	1.76	$	1.60	$	.16			10.0		%
PERFORMANCE RATIOS BASED ON OPERATING EARNINGS (1)
Return on average assets			1.38	%	1.49	%
Return on average equity			14.37		14.91
Net yield on earning assets (taxable equivalent)			3.52		3.74
Noninterest income as a percentage of
total income (taxable equivalent) (2)			41.3		40.6
Efficiency ratio (taxable equivalent) (2)			53.1		54.9
CASH BASIS PERFORMANCE
BASED ON OPERATING EARNINGS (1)(3)
Cash basis operating earnings		$	1,816	$	1,780	$	36			2.0		%
Diluted earnings per share			3.29		3.27		.02			.6
Return on average tangible assets			1.50	%	1.63	%
Return on average tangible equity			26.82		27.23
Efficiency ratio (taxable equivalent) (2)			51.6		53.2
		For the Twelve Months Ended					Increase (Decrease)
(Dollars in millions, except per share data)		12/31/07			12/31/06		$		%
INCOME STATEMENTS
Interest income		$	7,894	$	6,893	$	1,001			14.5		%
Interest expense			4,014		3,185		829			26.0
Net interest income			3,880		3,708		172			4.6
Provision for credit losses			448		240		208			86.7
Net interest income after provision for credit losses			3,432		3,468		(36	)		(1.0	)
Noninterest income			2,774		2,521		253			10.0
Noninterest expense			3,636		3,516		120			3.4
Income before income taxes			2,570		2,473		97			3.9
Provision for income taxes			836		945		(109	)		(11.5	)
Net income		$	1,734	$	1,528	$	206			13.5		%
PER SHARE DATA
Basic earnings		$	3.17	$	2.84	$	.33			11.6		%
Diluted earnings			3.14		2.81		.33			11.7
Weighted average shares (in thousands) -	Basic	547,184			539,140
	Diluted	551,755			543,891
PERFORMANCE RATIOS BASED ON NET INCOME
Return on average assets			1.37	%	1.34	%
Return on average equity			14.25		13.35
Efficiency ratio (taxable equivalent) (2)			53.7		54.8
NOTES: Prior period operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.
Applicable ratios are annualized.

(1) Operating earnings exclude the effect of merger-related and restructuring charges or credits and nonrecurring items. These amounts totaled $15 million

       and $179 million, net of tax, in 2007 and 2006, respectively. See Reconciliation Tables included herein.

(2) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage servicing rights, and gains or losses on

       mortgage servicing rights-related derivatives. Cash basis and operating ratios also exclude merger-related and restructuring charges or credits and

       nonrecurring items, where applicable. See Reconciliation Tables included herein.

(3) Cash basis performance information excludes the effect on earnings of amortization expense applicable to intangible assets, the unamortized balances of

      intangibles from assets and equity, net of deferred taxes, and the net amortization of purchase accounting mark-to-market adjustments. See Reconciliation Tables included herein.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 7	Investor Relations	FAX (336) 733-3132

					As of / For the Twelve Months Ended							Increase (Decrease)
(Dollars in millions)					12/31/07			12/31/06			$			%
CONSOLIDATED BALANCE SHEETS
End of period balances
Cash and due from banks					$	2,054		$	2,068		$	(14	)		(0.7	) %
Interest-bearing deposits with banks						592			544			48			8.8
Federal funds sold and other earning assets						715			283			432			152.7
Securities available for sale						22,419			20,721			1,698			8.2
Trading securities						1,009			2,147			(1,138	)		(53.0	)
Total securities						23,428			22,868			560			2.4
Commercial loans and leases						44,870			41,300			3,570			8.6
Direct retail loans						15,691			15,312			379			2.5
Sales finance loans						6,021			5,683			338			5.9
Revolving credit loans						1,618			1,414			204			14.4
Mortgage loans						17,467			15,596			1,871			12.0
Specialized lending						5,240			3,606			1,634			45.3
Total loans and leases held for investment						90,907			82,911			7,996			9.6
Loans held for sale						779			680			99			14.6
Total loans and leases						91,686			83,591			8,095			9.7
Allowance for loan and lease losses						1,004			888			116			13.1
Total earning assets						116,466			107,676			8,790			8.2
Premises and equipment, net						1,529			1,410			119			8.4
Goodwill						5,194			4,827			367			7.6
Core deposit and other intangibles						489			454			35			7.7
Other assets						7,935			6,194			1,741			28.1
Total assets						132,618			121,351			11,267			9.3
Noninterest-bearing deposits						13,059			13,393			(334	)		(2.5	)
Interest checking						1,201			1,333			(132	)		(9.9	)
Other client deposits						35,504			34,062			1,442			4.2
Client certificates of deposit						26,972			24,987			1,985			7.9
Total client deposits						76,736			73,775			2,961			4.0
Other interest-bearing deposits						10,030			7,196			2,834			39.4
Total deposits						86,766			80,971			5,795			7.2
Fed funds purchased, repos and other borrowings						10,634			8,087			2,547			31.5
Long-term debt						18,693			15,904			2,789			17.5
Total interest-bearing liabilities						103,034			91,569			11,465			12.5
Other liabilities						3,893			4,644			(751	)		(16.2	)
Total liabilities						119,986			109,606			10,380			9.5
Total shareholders' equity					$	12,632		$	11,745		$	887			7.6	%
Average balances
Securities, at amortized cost					$	23,311		$	21,348		$	1,963			9.2	%
Commercial loans and leases						42,475			38,966			3,509			9.0
Direct retail loans						15,471			14,904			567			3.8
Sales finance loans						5,903			5,385			518			9.6
Revolving credit loans						1,460			1,331			129			9.7
Mortgage loans						17,489			15,482			2,007			13.0
Specialized lending						5,154			3,245			1,909			58.8
Total loans and leases						87,952			79,313			8,639			10.9
Allowance for loan and lease losses						922			863			59			6.8
Other earning assets						1,042			911			131			14.4
Total earning assets						112,305			101,572			10,733			10.6
Total assets						126,420			114,328			12,092			10.6
Noninterest-bearing deposits						13,151			13,218			(67	)		(.5	)
Interest checking						2,297			2,164			133			6.1
Other client deposits						34,273			31,462			2,811			8.9
Client certificates of deposit						26,039			22,564			3,475			15.4
Total client deposits						75,760			69,408			6,352			9.2
Other interest-bearing deposits						7,741			7,822			(81	)		(1.0	)
Total deposits						83,501			77,230			6,271			8.1
Fed funds purchased, repos and other borrowings						9,325			7,006			2,319			33.1
Long-term debt						18,045			14,628			3,417			23.4
Total interest-bearing liabilities						97,720			85,646			12,074			14.1
Total shareholders' equity					$	12,166		$	11,452		$	714			6.2	%
						As of / For the Quarter Ended
(Dollars in millions, except per share data)			12/31/07			9/30/07			6/30/07			3/31/07			12/31/06
MISCELLANEOUS INFORMATION
Unrealized depreciation on
securities available for sale, net of tax		$	(29	)	$	(150	)	$	(339	)	$	(178	)	$	(249	)
Derivatives (notional value)			47,197			43,051			36,108			40,159			23,097
Fair value of derivatives portfolio			181			34			(175	)		(40	)		(45	)
Common stock prices:	High		42.61			43.00			43.02			44.30			44.74
	Low		30.36			36.95			39.13			39.54			42.48
	End of period		30.67			40.39			40.68			41.02			43.93
Weighted average shares (in thousands) -	Basic		547,795			550,603			548,385			541,851			540,807
	Diluted		551,078			555,336			553,935			547,230			546,618
End of period shares outstanding (in thousands)			545,955			549,337			551,948			542,416			541,475
End of period banking offices			1,492			1,501			1,507			1,472			1,459
ATMs			2,158			2,166			2,170			2,121			2,125
FTEs			29,394			28,886			28,961			28,876			29,344
NOTES: All items referring to average loans and leases include loans held for sale.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 8	Investor Relations	FAX (336) 733-3132

	As of / For the Quarter Ended
(Dollars in millions, except per share data)		12/31/07		9/30/07		6/30/07		3/31/07			12/31/06
OPERATING EARNINGS STATEMENTS (1)
Interest income - taxable equivalent
Interest and fees on loans and leases	$	1,711	$	1,725	$	1,682	$	1,622		$	1,609
Interest and dividends on securities		304		305		285		277			255
Interest on short-term investments		14		14		13		10			24
Total interest income - taxable equivalent		2,029		2,044		1,980		1,909			1,888
Interest expense
Interest on deposits		655		679		639		647			616
Interest on fed funds purchased, repos and other borrowings		110		110		102		87			80
Interest on long-term debt		256		263		254		212			214
Total interest expense		1,021		1,052		995		946			910
Net interest income - taxable equivalent		1,008		992		985		963			978
Less: Taxable equivalent adjustment		17		14		19		18			22
Net interest income		991		978		966		945			956
Provision for credit losses		184		105		88		71			73
Net interest income after provision for
credit losses		807		873		878		874			883
Noninterest income
Insurance commissions		221		206		229		197			214
Service charges on deposits		165		157		151		138			141
Other nondeposit fees and commissions		133		129		127		114			116
Investment banking and brokerage fees and commissions		85		87		89		82			75
Trust revenue		42		40		40		40			40
Mortgage banking income		27		27		31		30			24
Securities gains (losses), net		1		6		1		(11	)		2
Other noninterest income		44		23		61		62			65
Total noninterest income		718		675		729		652			677
Noninterest expense
Personnel expense		516		514		540		524			533
Occupancy and equipment expense		126		118		117		116			118
Foreclosed property expense		13		5		6		7			6
Amortization of intangibles		27		26		26		25			27
Other noninterest expense		243		218		229		205			229
Total noninterest expense		925		881		918		877			913
Operating earnings before income taxes		600		667		689		649			647
Provision for income taxes		185		219		228		224			205
Operating earnings (1)	$	415	$	448	$	461	$	425		$	442
PER SHARE DATA BASED ON
OPERATING EARNINGS (1)
Basic earnings	$	.76	$	.81	$	.84	$	.78		$	.82
Diluted earnings		.75		.81		.83		.78			.81
Dividends paid per share		.46		.46		.42		.42			.42
PERFORMANCE RATIOS BASED ON
OPERATING EARNINGS (1)
Return on average assets		1.26	%	1.38	%	1.48	%	1.42	%		1.48	%
Return on average equity		13.00		14.38		15.28		14.94			14.70
Net yield on earning assets (taxable equivalent)		3.46		3.45		3.55		3.61			3.70
Efficiency ratio (taxable equivalent) (2)		52.8		52.9		53.2		53.7			54.8
Noninterest income as a percentage of
total income (taxable equivalent) (2)		41.7		40.1		42.6		40.6			40.9
Average earning assets as a percentage of
average total assets		88.6		89.0		88.9		88.9			88.6
Average loans and leases as a percentage of
average deposits		106.5		105.8		106.1		102.9			103.5
CASH BASIS PERFORMANCE BASED ON
OPERATING EARNINGS (1) (3)
Cash basis operating earnings	$	432	$	466	$	477	$	441		$	460
Diluted earnings per share		.78		.84		.86		.81			.84
Return on average tangible assets		1.37	%	1.50	%	1.61	%	1.54	%		1.61	%
Return on average tangible equity		24.03		26.86		28.48		28.20			26.88
Efficiency ratio (taxable equivalent) (2)		51.3		51.3		51.7		52.1			53.1
NOTES: Prior period operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.
Applicable ratios are annualized.

(1) Operating earnings exclude the effect of merger-related and restructuring charges or credits and nonrecurring items. These amounts totaled $4 million,

       $4 million, $3 million, $4 million and $191 million, net of tax, for the quarters ended December 31, 2007, September 30, 2007, June 30, 2007, March 31, 2007,

      and December 31, 2006, respectively. See Reconciliation Tables included herein.

(2) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage servicing rights, and gains or losses

       on mortgage servicing rights-related derivatives. Cash basis and operating ratios also exclude merger-related and restructuring charges or credits and nonrecurring items,

       where applicable. See Reconciliation Tables included herein.

(3) Cash basis operating performance information excludes the effect on earnings of amortization expense applicable to intangible assets, the unamortized balances of intangibles from

       assets and equity, net of deferred taxes, and the net amortization of purchase accounting mark-to-market adjustments. See Reconciliation Tables included herein.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 9	Investor Relations	FAX (336) 733-3132

		As of / For the Quarter Ended
(Dollars in millions, except per share data)		12/31/07		9/30/07		6/30/07		3/31/07			12/31/06
INCOME STATEMENTS
Interest income
Interest and fees on loans and leases	$	1,706	$	1,719	$	1,675	$	1,613		$	1,601
Interest and dividends on securities		292		297		273		268			241
Interest on short-term investments		14		14		13		10			24
Total interest income		2,012		2,030		1,961		1,891			1,866
Interest expense
Interest on deposits		655		679		639		647			616
Interest on fed funds purchased, repos and other borrowings		110		110		102		87			80
Interest on long-term debt		256		263		254		212			214
Total interest expense		1,021		1,052		995		946			910
Net interest income		991		978		966		945			956
Provision for credit losses		184		105		88		71			73
Net interest income after provision for
credit losses		807		873		878		874			883
Noninterest income
Insurance commissions		221		206		229		197			214
Service charges on deposits		165		157		151		138			141
Other nondeposit fees and commissions		133		129		127		114			116
Investment banking and brokerage fees and commissions		85		87		89		82			75
Trust revenue		42		40		40		40			40
Mortgage banking income		27		27		31		30			24
Securities gains (losses), net		1		6		1		(11	)		(73	)
Other noninterest income		44		23		61		62			65
Total noninterest income		718		675		729		652			602
Noninterest expense
Personnel expense		516		514		540		524			533
Occupancy and equipment expense		126		118		117		116			118
Foreclosed property expense		13		5		6		7			6
Amortization of intangibles		27		26		26		25			27
Merger-related and restructuring charges (credits), net		3		7		5		6			9
Other noninterest expense		257		218		229		205			229
Total noninterest expense		942		888		923		883			922
Income before income taxes		583		660		684		643			563
Provision for income taxes		172		216		226		222			312
Net income	$	411	$	444	$	458	$	421		$	251
PER SHARE DATA
Basic earnings	$	.75	$	.81	$	.84	$	.78		$	.46
Diluted earnings		.75		.80		.83		.77			.46
		For the Quarter Ended
		12/31/07		9/30/07		6/30/07		3/31/07			12/31/06
ANNUALIZED INTEREST YIELDS / RATES (1)
Interest income:
Securities:
U.S. Treasury securities		4.59	%	4.48	%	4.53	%	4.47	%		4.48	%
U.S. government-sponsored entity securities		4.67		4.67		4.60		4.39			4.17
Mortgage-backed securities		5.27		5.21		5.02		5.09			5.10
States and political subdivisions		5.54		5.48		6.87		6.85			7.00
Other securities		6.43		6.01		5.94		7.03			6.45
Trading securities		4.06		4.54		4.36		5.89			3.45
Total securities		5.08		5.02		4.94		5.06			4.72
Loans:
Commercial loans and leases		7.37		7.80		7.92		7.89			7.97
Consumer loans		7.53		7.58		7.53		7.51			7.44
Mortgage loans		6.07		6.05		5.96		5.90			5.85
Specialized lending		13.10		13.02		13.37		13.62			15.29
Total loans		7.48		7.70		7.75		7.73			7.73
Other earning assets (2)		4.48		4.96		5.26		4.96			10.44
Total earning assets		6.95		7.11		7.14		7.17			7.14
Interest expense:
Interest-bearing deposits:
Interest checking		2.22		2.33		2.30		2.38			2.29
Other client deposits		2.69		2.94		2.85		2.82			2.76
Client certificates of deposit		4.58		4.64		4.63		4.60			4.53
Other interest-bearing deposits		4.72		5.22		5.34		5.35			5.35
Total interest-bearing deposits		3.60		3.80		3.73		3.77			3.67
Fed funds purchased, repos and other borrowings (2)		4.06		4.43		4.55		4.61			4.51
Long-term debt		5.39		5.59		5.51		5.32			5.27
Total interest-bearing liabilities		3.98		4.20		4.15		4.11			4.02
Net yield on earning assets		3.46	%	3.45	%	3.55	%	3.61	%		3.70	%
NOTES: (1) Fully taxable equivalent yields. Securities yields calculated based on amortized cost.
(2) The fourth quarter of 2006 includes interest income and expense associated with a deposit placed with the IRS to curtail the accrual of interest on disputed tax payments.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 10	Investor Relations	FAX (336) 733-3132

	As of / For the Quarter Ended
(Dollars in millions, except per share data)		12/31/07			9/30/07			6/30/07			3/31/07			12/31/06
SELECTED BALANCE SHEET DATA
End of period balances
Securities available for sale	$	22,419		$	23,061		$	22,254		$	20,898		$	20,721
Trading securities		1,009			1,587			1,067			906			2,147
Total securities		23,428			24,648			23,321			21,804			22,868
Commercial loans and leases		44,870			43,365			42,632			41,238			41,300
Direct retail loans		15,691			15,586			15,520			15,283			15,312
Sales finance loans		6,021			6,056			5,889			5,774			5,683
Revolving credit loans		1,618			1,535			1,461			1,386			1,414
Mortgage loans		17,467			17,051			16,640			16,011			15,596
Specialized lending		5,240			5,288			5,248			4,956			3,606
Total loans and leases held for investment		90,907			88,881			87,390			84,648			82,911
Loans held for sale		779			1,178			1,152			672			680
Total loans and leases		91,686			90,059			88,542			85,320			83,591
Allowance for loan and lease losses		1,004			934			920			896			888
Other earning assets		1,307			1,111			1,188			782			826
Total earning assets		116,466			116,057			113,599			108,193			107,676
Total assets		132,618			130,781			127,577			121,694			121,351
Noninterest-bearing deposits		13,059			13,197			13,641			13,533			13,393
Interest checking		1,201			1,128			1,384			1,288			1,333
Other client deposits		35,504			35,391			35,741			34,657			34,062
Client certificates of deposit		26,972			26,315			27,445			25,322			24,987
Total client deposits		76,736			76,031			78,211			74,800			73,775
Other interest-bearing deposits		10,030			9,154			5,868			5,039			7,196
Total deposits		86,766			85,185			84,079			79,839			80,971
Fed funds purchased, repos and other borrowings		10,634			10,618			9,410			6,770			8,087
Long-term debt		18,693			19,059			18,313			19,936			15,904
Total interest-bearing liabilities		103,034			101,665			98,161			93,012			91,569
Total shareholders' equity		12,632			12,402			12,125			11,650			11,745
Goodwill		5,194			5,132			5,114			4,860			4,827
Core deposit and other intangibles		489			491			504			479			454
Total intangibles		5,683			5,623			5,618			5,339			5,281
Mortgage servicing rights	$	560		$	567		$	609		$	525		$	512
Average balances
Securities, at amortized cost	$	23,967		$	24,246		$	23,124		$	21,872		$	21,609
Commercial loans and leases		43,969			42,838			41,935			41,122			40,758
Direct retail loans		15,640			15,534			15,438			15,272			15,291
Sales finance loans		6,042			6,006			5,823			5,734			5,623
Revolving credit loans		1,548			1,485			1,417			1,387			1,362
Mortgage loans		18,297			17,922			17,231			16,481			16,091
Specialized lending		5,309			5,305			5,095			4,898			3,565
Total loans and leases		90,805			89,090			86,939			84,894			82,690
Allowance for loan and lease losses		945			931			916			894			891
Other earning assets		1,257			1,105			967			840			917
Total earning assets		116,029			114,441			111,030			107,606			105,216
Total assets		131,009			128,633			124,848			121,054			118,777
Noninterest-bearing deposits		13,040			13,248			13,367			12,946			13,289
Interest checking		2,293			2,202			2,487			2,206			2,284
Other client deposits		34,981			34,836			33,860			33,393			32,616
Client certificates of deposit		26,682			26,456			25,919			25,076			24,712
Total client deposits		76,996			76,742			75,633			73,621			72,901
Other interest-bearing deposits		8,264			7,481			6,326			8,902			6,988
Total deposits		85,260			84,223			81,959			82,523			79,889
Fed funds purchased, repos and other borrowings		10,739			9,892			9,000			7,627			7,109
Long-term debt		18,864			18,721			18,471			16,086			16,101
Total interest-bearing liabilities		101,823			99,588			96,063			93,290			89,810
Total shareholders' equity	$	12,655		$	12,359		$	12,113		$	11,522		$	11,941
SELECTED CAPITAL INFORMATION (1)
Risk-based capital:
Tier 1	$	9,085		$	9,048		$	8,936		$	7,987		$	8,226
Total		14,226			14,081			13,968			12,791			13,016
Risk-weighted assets		99,659			96,926			94,732			92,192			90,982
Average quarterly tangible assets		125,515			123,480			119,636			116,161			114,007
Risk-based capital ratios:
Tier 1		9.1	%		9.3	%		9.4	%		8.7	%		9.0	%
Total		14.3			14.5			14.7			13.9			14.3
Leverage capital ratio		7.2			7.3			7.5			6.9			7.2
Equity as a percentage of total assets		9.5			9.5			9.5			9.6			9.7
Tangible equity as a percentage of tangible assets (2)		5.6			5.5			5.5			5.5			5.7
Book value per share	$	23.14		$	22.58		$	21.97		$	21.48		$	21.69
Tangible book value per share (2)		12.98			12.60			12.05			11.89			12.20
NOTES: All items referring to average loans and leases include loans held for sale.

(1) Current quarter risk-based capital information is preliminary.

(2) Excludes the carrying value of goodwill and other intangible assets from shareholders' equity and total assets, net of deferred taxes, where applicable.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 11	Investor Relations	FAX (336) 733-3132

	As of / For the Quarter Ended
(Dollars in millions)		12/31/07			9/30/07			6/30/07			3/31/07			12/31/06
ASSET QUALITY ANALYSIS
Allowance For Credit Losses
Beginning balance	$	941		$	926		$	901		$	888		$	884
Allowance for acquired (sold) loans, net		1			-			13			3			(1	)
Provision for credit losses		184			105			88			71			73
Charge-offs
Commercial loans and leases		(26	)		(18	)		(11	)		(10	)		(15	)
Direct retail loans		(18	)		(20	)		(22	)		(12	)		(13	)
Sales finance loans		(10	)		(9	)		(6	)		(6	)		(5	)
Revolving credit loans		(11	)		(12	)		(12	)		(12	)		(12	)
Mortgage loans		(6	)		(1	)		(2	)		(1	)		(2	)
Specialized lending		(54	)		(45	)		(40	)		(41	)		(36	)
Total charge-offs		(125	)		(105	)		(93	)		(82	)		(83	)
Recoveries
Commercial loans and leases		2			3			4			8			3
Direct retail loans		3			3			3			4			3
Sales finance loans		2			2			2			2			2
Revolving credit loans		3			3			3			3			3
Specialized lending		4			4			5			4			4
Total recoveries		14			15			17			21			15
Net charge-offs		(111	)		(90	)		(76	)		(61	)		(68	)
Ending balance	$	1,015		$	941		$	926		$	901		$	888
Allowance For Credit Losses
Allowance for loan and lease losses	$	1,004		$	934		$	920		$	896		$	888
Reserve for unfunded lending commitments		11			7			6			5			-
Total	$	1,015		$	941		$	926		$	901		$	888
Nonperforming Assets
Nonaccrual loans and leases:
Commercial loans and leases	$	273		$	237		$	178		$	148		$	129
Direct retail loans		43			56			43			43			39
Sales finance loans		5			4			4			1			2
Mortgage loans		119			74			63			51			53
Specialized lending		62			48			36			33			37
Total nonaccrual loans and leases		502			419			324			276			260
Foreclosed real estate		143			82			61			56			54
Other foreclosed property		51			46			38			35			35
Nonperforming assets	$	696		$	547		$	423		$	367		$	349
Loans 90 days or more past due
and still accruing:
Commercial loans and leases	$	40		$	21		$	18		$	18		$	14
Direct retail loans		58			18			17			13			20
Sales finance loans		17			14			12			16			17
Revolving credit loans		15			7			6			7			6
Mortgage loans		85			76			48			39			37
Specialized lending		8			13			7			10			8
Total loans 90 days or more past due
and still accruing		223			149			108			103			102
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases		.24	%		.17	%		.12	%		.12	%		.12	%
Asset Quality Ratios
Nonaccrual and restructured loans and leases
as a percentage of total loans and leases		.55	%		.47	%		.37	%		.32	%		.31	%
Nonperforming assets as a percentage of:
Total assets		.52			.42			.33			.30			.29
Loans and leases plus
foreclosed property		.76			.61			.48			.43			.42
Net charge-offs as a percentage of
average loans and leases		.48			.40			.35			.29			.33
Net charge-offs excluding specialized
lending as a percentage of average
loans and leases (1)		.28			.23			.20			.13			.18
Allowance for loan and lease losses as
a percentage of loans and leases		1.10			1.04			1.04			1.05			1.06
Allowance for loan and lease losses as
a percentage of loans and leases
held for investment		1.10			1.05			1.05			1.06			1.07
Ratio of allowance for loan and lease losses to:
Net charge-offs		2.29	x		2.61	x		3.04	x		3.58	x		3.29	x
Nonaccrual and restructured loans and leases		2.00			2.23			2.83			3.24			3.41
NOTES: All items referring to loans and leases include loans held for sale and are net of unearned income. Applicable ratios are annualized.
(1) Excludes net charge-offs and average loans from BB&T's specialized lending subsidiaries.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 12	Investor Relations	FAX (336) 733-3132

	As of / For the Twelve Months Ended							Increase (Decrease)
(Dollars in millions)		12/31/07			12/31/06				$			%
Allowance For Credit Losses
Beginning balance	$	888		$	830		$		58			7.0	%
Allowance for acquired (sold) loans, net		17			34				(17	)		NM
Provision for credit losses		448			240				208			86.7
Charge-offs
Commercial loans and leases		(65	)		(37	)			(28	)		75.7
Direct retail loans		(72	)		(48	)			(24	)		50.0
Sales finance loans		(31	)		(21	)			(10	)		47.6
Revolving credit loans		(47	)		(45	)			(2	)		4.4
Mortgage loans		(10	)		(6	)			(4	)		66.7
Specialized lending		(180	)		(120	)			(60	)		50.0
Total charge-offs		(405	)		(277	)			(128	)		46.2
Recoveries
Commercial loans and leases		17			15				2			13.3
Direct retail loans		13			12				1			8.3
Sales finance loans		8			8				-			-
Revolving credit loans		12			11				1			9.1
Mortgage loans		-			1				(1	)		(100.0	)
Specialized lending		17			14				3			21.4
Total recoveries		67			61				6			9.8
Net charge-offs		(338	)		(216	)			(122	)		56.5
Ending balance	$	1,015		$	888		$		127			14.3	%
Allowance For Credit Losses
Allowance for loan and lease losses	$	1,004		$	888		$		116			13.1	%
Reserve for unfunded lending commitments		11			-				11			NM
Total	$	1,015		$	888		$		127			14.3	%
Asset Quality Ratios
Net charge-offs as a percentage of
average loans and leases		.38	%		.27	%
Net charge-offs excluding specialized
lending as a percentage of average
loans and leases (1)		.21			.14
Ratio of allowance for loan and lease losses to
net charge-offs		2.97	x		4.12	x
				Percentage Increase (Decrease)
					QTD		Annualized Link QTD					YTD
				4Q07 vs. 4Q06			4Q07 vs. 3Q07				2007 vs. 2006
PERCENTAGE CHANGES IN SELECTED BALANCES ADJUSTED FOR
PURCHASE ACQUISITIONS (2)
Average Balances
Commercial loans and leases (3)					7.6	%			10.9	%		6.7	%
Direct retail loans					1.7				2.7			2.7
Sales finance loans					7.5				2.4			9.6
Revolving credit loans					13.6				16.8			9.5
Mortgage loans (4)					11.3				8.3			11.3
Specialized lending (5)					7.0				(3.0	)		11.7
Total loans and leases (3) (4) (5)					7.3				7.6			7.4
Noninterest-bearing deposits					(3.2	)			(6.2	)		(2.7	)
Interest checking					(4.5	)			16.4			(2.1	)
Other client deposits					6.2				1.7			7.1
Client certificates of deposit					6.1				3.4			12.0
Total client deposits					4.1				1.3			6.5
Other interest-bearing deposits					18.3				41.5			(2.1	)
Total deposits					5.3	%			4.9	%		5.7	%
PERCENTAGE CHANGES IN SELECTED INCOME STATEMENT ITEMS
BASED ON OPERATING EARNINGS ADJUSTED FOR PURCHASE ACQUISITIONS (2)
Net interest income - taxable equivalent (3)					(1.3	)			6.1			(1.1	)
Noninterest income
Insurance commissions					2.7				24.1			4.8
Service charges on deposits					16.1				22.7			9.2
Other nondeposit fees and commissions					13.8				9.2			12.0
Investment banking and brokerage fees and commissions					10.5				(18.0	)		7.5
Trust revenue					7.7				19.8			5.2
Mortgage banking income (6)					-				62.0			3.2
Securities gains (losses), net					NM				NM			NM
Other income					(34.3	)			NM			(13.1	)
Total noninterest income (6)					4.6				24.7			5.8
Noninterest expense
Personnel expense					(4.9	)			(3.0	)		(1.3	)
Occupancy and equipment expense					5.8				26.7			3.4
Other noninterest expense					4.0				51.5			(1.4	)
Total noninterest expense					(1.0	) %			16.3	%		(0.7	) %
NOTES: All items referring to loans and leases include loans held for sale and are net of unearned income. Applicable ratios are annualized.

(1) Excludes net charge-offs and average loans from BB&T's specialized lending subsidiaries.

(2) Adjusted to exclude estimated growth that resulted from the timing of acquisitions during 2007 and 2006.

(3) Adjusted for leveraged leases due to the adoption of FSP FAS 13-2 and the sale of a leveraged lease investment in the fourth quarter of 2007.

(4) Adjusted for the average impact of $51 million in mortgage loans securitized in the fourth quarter of 2006.

(5) Loans from specialized lending, excluding AFCO/CAFO from both 2006 and 2007, grew 14.2% and 20.7%, respectively, comparing the fourth quarter 2007 to

     the fourth quarter of 2006 and the YTD 2007 to the YTD 2006. In addition, total loans grew 7.6% and 7.7%, respectively, for the fourth quarter of 2007 compared

     to the fourth quarter of 2006 and the YTD 2007 to the YTD 2006.

(6) Excludes the net impact of valuation adjustments for mortgage servicing rights and gains or losses on mortgage servicing rights-related derivatives.

NM - not meaningful.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 13	Investor Relations	FAX (336) 733-3132

	As of / For the Quarter Ended
(Dollars in millions)	12/31/07			9/30/07			6/30/07			3/31/07			12/31/06
SELECTED MORTGAGE BANKING INFORMATION
Residential Mortgage Servicing Rights (1)	$	472		$	533		$	577		$	494		$	484
Income Statement Impact of Mortgage Servicing
Rights Valuation:
MSRs fair value (decrease) increase	$	(85	)	$	(54	)	$	72		$	7		$	-
MSRs derivative hedge gains (losses)		80			60			(73	)		(3	)		(3	)
Net	$	(5	)	$	6		$	(1	)	$	4		$	(3	)
Residential Mortgage Loan Originations	$	3,240		$	3,225		$	3,014		$	2,461		$	2,463
Residential Mortgage Servicing Portfolio:
Loans serviced for others	$	32,762		$	31,081		$	30,077		$	29,420		$	28,979
Bank owned loans serviced		18,191			18,059			17,611			16,571			16,257
Total servicing portfolio		50,953			49,140			47,688			45,991			45,236
Weighted Average Coupon Rate		6.01	%		5.98	%		5.95	%		5.93	%		5.92	%
Weighted Average Servicing Fee		.363			.359			.357			.356			.353
		For the Quarter Ended
(Dollars in millions, except per share data)	12/31/07			9/30/07			6/30/07			3/31/07			12/31/06
RECONCILIATION TABLE
Net income	$	411		$	444		$	458		$	421		$	251
Merger-related and restructuring items, net of tax		2			4			3			4			5
Other, net of tax (4)		2			-			-			-			186
Operating earnings		415			448			461			425			442
Amortization of intangibles, net of tax		16			17			16			16			17
Amortization of mark-to-market adjustments, net of tax		1			1			-			-			1
Cash basis operating earnings		432			466			477			441			460
Return on average assets		1.24	%		1.37	%		1.47	%		1.41	%		.84	%
Effect of merger-related and restructuring items, net of tax		.01			.01			.01			.01			.02
Effect of other, net of tax (4)		.01			-			-			-			.62
Operating return on average assets		1.26			1.38			1.48			1.42			1.48
Effect of amortization of intangibles, net of tax (2)		.11			.12			.13			.12			.13
Effect of amortization of mark-to-market adjustments,
net of tax		-			-			-			-			-
Cash basis operating return on average
tangible assets		1.37			1.50			1.61			1.54			1.61
Return on average equity		12.89	%		14.24	%		15.18	%		14.81	%		8.33	%
Effect of merger-related and restructuring items, net of tax		.05			.14			.10			.13			.19
Effect of other, net of tax (4)		.06			-			-			-			6.18
Operating return on average equity		13.00			14.38			15.28			14.94			14.70
Effect of amortization of intangibles, net of tax (2)		10.99			12.43			13.20			13.26			12.12
Effect of amortization of mark-to-market adjustments,
net of tax		.04			.05			-			-			.06
Cash basis operating return on average
tangible equity		24.03			26.86			28.48			28.20			26.88
Efficiency ratio (taxable equivalent) (3)		53.8	%		53.3	%		53.5	%		54.1	%		55.3	%
Effect of merger-related and restructuring items		(.2	)		(.4	)		(.3	)		(.4	)		(.5	)
Effect of other (4)		(.8	)		-			-			-			-
Operating efficiency ratio (3)		52.8			52.9			53.2			53.7			54.8
Effect of amortization of intangibles		(1.5	)		(1.6	)		(1.5	)		(1.6	)		(1.6	)
Effect of amortization of mark-to-market adjustments		-			-			-			-			(.1	)
Cash basis operating efficiency ratio (3)		51.3			51.3			51.7			52.1			53.1
Basic earnings per share	$	.75		$	.81		$	.84		$	.78		$	.46
Effect of merger-related and restructuring items, net of tax		.01			-			-			-			.01
Effect of other, net of tax (4)		-			-			-			-			.35
Operating basic earnings per share		.76			.81			.84			.78			.82
Diluted earnings per share	$	.75		$	.80		$	.83		$	.77		$	.46
Effect of merger-related and restructuring items, net of tax		-			.01			-			.01			.01
Effect of other, net of tax (4)		-			-			-			-			.34
Operating diluted earnings per share		.75			.81			.83			.78			.81
Effect of amortization of intangibles, net of tax		.03			.03			.03			.03			.03
Effect of amortization of mark-to-market adjustments,
net of tax		-			-			-			-			-
Cash basis operating diluted earnings per share		.78			.84			.86			.81			.84

NOTES:	Prior period operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.
	Applicable ratios are annualized.
	(1) Balances exclude commercial mortgage servicing rights totaling $88 million, $34 million, $32 million, $31 million and $28 million as of December 31, 2007, September 30, 2007,
	June 30, 2007, March 31, 2007 and December 31, 2006, respectively.
	(2) Reflects the effect of excluding average intangible assets from average assets and average equity, net of deferred taxes, to calculate cash basis ratios.
	(3) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage servicing rights, and gains or losses on mortgage
	servicing rights-related derivatives. Operating and cash basis ratios also exclude merger-related and restructuring charges or credits and nonrecurring items, where applicable.
	(4) Reflects a reserve charge relating to the Visa USA, Inc settlement totaling $9 million, net of tax, and a credit of $7 million to the provision for income taxes related to leveraged leases in
	the fourth quarter of 2007. The 2006 fourth quarter reflects an additional tax provision of $139 million related to leveraged leases and a loss on the sale of securities totaling $47 million,
	net of tax.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
Page 14	Investor Relations	FAX (336) 733-3132

	For the Twelve Months Ended
(Dollars in millions, except per share data)	12/31/07			12/31/06
RECONCILIATION TABLE
Net income	$	1,734		$	1,528
Merger-related and restructuring items, net of tax		13			11
Other, net of tax (3)		2			168
Operating earnings		1,749			1,707
Amortization of intangibles, net of tax		65			65
Amortization of mark-to-market adjustments, net of tax		2			8
Cash basis operating earnings		1,816			1,780
Return on average assets		1.37	%		1.34	%
Effect of merger-related and restructuring items, net of tax		.01			.01
Effect of other, net of tax (3)		-			.14
Operating return on average assets		1.38			1.49
Effect of amortization of intangibles, net of tax (1)		.12			.13
Effect of amortization of mark-to-market adjustments, net of tax		-			.01
Cash basis operating return on average tangible assets		1.50			1.63
Return on average equity		14.25	%		13.35	%
Effect of merger-related and restructuring items, net of tax		.10			.10
Effect of other, net of tax (3)		.02			1.46
Operating return on average equity		14.37			14.91
Effect of amortization of intangibles, net of tax (1)		12.42			12.20
Effect of amortization of mark-to-market adjustments, net of tax		.03			.12
Cash basis operating return on average tangible equity		26.82			27.23
Efficiency ratio (taxable equivalent) (2)		53.7	%		54.8	%
Effect of merger-related and restructuring items		(.3	)		(.3	)
Effect of other (3)		(.3	)		.4
Operating efficiency ratio (2)		53.1			54.9
Effect of amortization of intangibles		(1.5	)		(1.6	)
Effect of amortization of mark-to-market adjustments		-			(.1	)
Cash basis operating efficiency ratio (2)		51.6			53.2
Basic earnings per share	$	3.17		$	2.84
Effect of merger-related and restructuring items, net of tax		.02			.02
Effect of other, net of tax (3)		.01			.31
Operating basic earnings per share		3.20			3.17
Diluted earnings per share	$	3.14		$	2.81
Effect of merger-related and restructuring items, net of tax		.02			.02
Effect of other, net of tax (3)		.01			.31
Operating diluted earnings per share		3.17			3.14
Effect of amortization of intangibles, net of tax		.12			.12
Effect of amortization of mark-to-market adjustments, net of tax		-			.01
Cash basis operating diluted earnings per share		3.29			3.27
NOTES: Prior period operating and cash basis results have been revised to include equity-based compensation expense to be comparable with the 2007 results presented herein.
Applicable ratios are annualized.

             (1) Reflects the effect of excluding average intangible assets from average assets and average equity, net of deferred taxes, to calculate cash basis ratios.

             (2) Excludes securities gains (losses), foreclosed property expense, increases or decreases in the valuation of mortgage servicing rights, and gains or losses

                        on mortgage servicing rights-related derivatives. Operating and cash basis ratios also exclude merger-related and restructuring charges or credits

                        and nonrecurring items, where applicable.

             (3) Reflects a reserve charge relating to the Visa USA, Inc settlement totaling $9 million, net of tax, and a credit of $7 million to the provision for income taxes related to leveraged leases

                       in 2007. 2006 reflects an additional tax provision of $139 million related to leveraged leases, a loss on the sale of securities totaling $47 million, net of tax, and a gain on the sale of

                        duplicate facilities totaling $18 million, net of tax.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
CREDIT SUPPLEMENT PAGE 1	Investor Relations	FAX (336) 733-3132

(Dollars in millions, except average loan size)
SUPPLEMENTAL RESIDENTIAL MORTGAGE PORTFOLIO INFORMATION
	As of / For the Period Ended December 31, 2007
								Construction/
Mortgage Loans		Prime		ALT-A				Permanent			Subprime (1)
Total loans outstanding	$	12,213		$	3,295		$	1,788		$	520
Average loan size (in thousands)		187			323			298			64
Average credit score		720			734			734			604
Percentage of total loans		13.3	%		3.6	%		2.0	%		.6	%
Percentage that are first mortgages		99.6			99.7			98.7			81.2
Nonaccrual loans and leases as a percentage of category		.55			.72			1.09			3.28
Gross charge-offs as a percentage of category		.04			.03			.26			.78
	As of / For the Period Ended December 31, 2007
											Gross Charge-
								Nonaccrual as a			Offs as a
	Total Mortgages				Percentage of			Percentage of			Percentage of
Residential Mortgage Loans by State	Outstanding (1)				Total			Outstandings			Outstandings
North Carolina	$	4,385			24.6	%		.33	%		.06	%
Virginia		3,627			20.4			.53			.09
Florida		2,657			14.9			1.67			.04
Maryland		1,876			10.5			.43			.05
South Carolina		1,676			9.4			.38			.02
Georgia		1,669			9.4			1.37			.22
West Virginia		398			2.2			.52			.01
Kentucky		356			2.0			.53			.14
Tennessee		246			1.4			.13			.02
Washington, D.C.		185			1.0			.40			-
Other		741			4.2			.94			.11
Total	$	17,816			100.0	%		.71	%		.08	%
(Dollars in millions, except average loan size)
SUPPLEMENTAL HOME EQUITY PORTFOLIO INFORMATION (2)
								As of / For the Period Ended
								December 31, 2007
								Home Equity			Home Equity
Home Equity Loans & Lines								Loans			Lines
Total loans outstanding							$	10,138		$	4,463
Average loan size (in thousands) (3)								47			32
Average credit score								724			757
Percentage of total loans								11.1	%		4.9	%
Percentage that are first mortgages								76.9			22.6
Nonaccrual loans and leases as a percentage of category								.32			.19
Gross charge-offs as a percentage of category								.29			.26
	As of / For the Period Ended December 31, 2007
	Total Home										Gross Charge-
	Equity Loans and							Nonaccrual as a			Offs as a
	Lines				Percentage of			Percentage of			Percentage of
Home Equity Loans and Lines by State	Outstanding				Total			Outstandings			Outstandings
North Carolina	$	5,145			35.2	%		.24	%		.43	%
Virginia		3,223			22.1			.14			.19
South Carolina		1,454			10.0			.37			.23
Georgia		1,136			7.8			.41			.29
West Virginia		904			6.2			.30			.10
Maryland		843			5.8			.18			.15
Florida		714			4.9			.57			.27
Kentucky		615			4.2			.39			.20
Tennessee		457			3.1			.43			.08
Washington, D.C.		92			.6			.29			.55
Other		18			.1			.57			-
Total	$	14,601			100.0	%		.28	%		.28	%

NOTES: (1) Includes $350 million in loans originated by Lendmark Financial Services, which are disclosed as a part of the specialized lending category.

             (2) Home Equity portfolio is a component of direct retail loans and originated through the BB&T branching network.

             (3) Home equity lines without an outstanding balance are excluded from this calculation.

QUARTERLY PERFORMANCE SUMMARY	Tamera L. Gjesdal
BB&T Corporation (NYSE:BBT)	Senior Vice President	(336) 733-3058
CREDIT SUPPLEMENT PAGE 2	Investor Relations	FAX (336) 733-3132

(Dollars in millions, except average loan and average client size)
SUPPLEMENTAL COMMERCIAL REAL ESTATE LOAN PORTFOLIO INFORMATION (1)
	As of / For the Period Ended December 31, 2007
Residential Acquisition, Development, and Construction		Builder /		Land / Land			Condos /					Other Commercial			Total Commercial
Loans (ADC)		Construction		Development			Townhomes			Total ADC		Real Estate (2)			Real Estate
Total loans outstanding	$	3,446	$	4,614		$	665		$	8,725		$	9,769		$	18,494
Average loan size (in thousands)		286		586			1,419			427			433			430
Average client size (in thousands)		857		1,345			3,400			1,137			604			781
Percentage of total loans		3.8	%	5.0	%		.7	%		9.5	%		10.7	%		20.2	%
Nonaccrual loans and leases as a percentage of category		1.33		1.39			.45			1.30			.37			.81
Gross charge-offs as a percentage of category		.21		.20			.23			.21			.07			.13
			As of / For the Period Ended December 31, 2007
															Gross Charge-
									Nonaccrual			Nonaccrual as a			Offs as a
Residential Acquisition, Development, and Construction				Total		Percentage of			Loans			Percentage of			Percentage of
Loans (ADC) by State of Origination				Outstandings		Total			and Leases			Outstandings			Outstandings
North Carolina			$	2,893			33.2	%	$	18			.62	%		.10	%
Georgia				1,754			20.1			28			1.58			.57
Virginia				1,410			16.2			4			.32			.13
Florida				928			10.7			35			3.77			.10
South Carolina				674			7.7			5			.72			.02
Tennessee				291			3.3			4			1.25			.05
Washington, D.C.				264			3.0			1			.34			-
Kentucky				221			2.5			5			2.42			.09
West Virginia				151			1.7			13			8.61			1.07
Maryland				139			1.6			-			-			-
Total			$	8,725			100.0	%	$	113			1.30	%		.21	%

NOTES:	(1) Commercial real estate loans (CRE) are defined as loans to finance non-owner occupied real property where the primary repayment source is the sale or rental/lease of the real property.
	Definition is based on internal classification.
	(2) Other CRE loans consist primarily of non-residential income producing CRE loans. C&I loans secured by real property are excluded.