Truist Financial (TFC) 8-K BB&T’s 1st quarter EPS up 91% to $0.61 Earnings increase 92% to $431 million

Exhibit 99.2

 

BB&T Corporation
Quarterly Performance Summary
First Quarter 2012

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	5
Lines of Business Financial Performance - Five Quarter Trend	6
Consolidated Balance Sheets	8
Consolidated Balance Sheets - Five Quarter Trend	9
Average Balance Sheets	10
Average Balance Sheets - Five Quarter Trend	11
Average Balances and Rates - Quarters	12
Credit Quality	14
Credit Quality - Supplemental Information	17
Capital Information - Five Quarter Trend	18
Selected Items & Additional Information	19
NON-GAAP Reconciliation Table	20

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands) 

		Year-to-Date
		March 31					%
		2012			2011		Change
Summary Income Statement
Interest income	$	1,780		$	1,713		3.9	%
Interest expense		307			392		(21.7	)
Net interest income - taxable equivalent		1,473			1,321		11.5
Less: Taxable-equivalent adjustment		37			36		2.8
Net interest income		1,436			1,285		11.8
Provision for credit losses		288			340		(15.3	)
Net interest income after provision for credit losses		1,148			945		21.5
Noninterest income		871			714		22.0
Noninterest expense		1,385			1,372		0.9
Income before income taxes		634			287		120.9
Provision for income taxes		189			53		NM
Net income		445			234		90.2
Noncontrolling interest		14			9		55.6
Net income available to common shareholders		431			225		91.6
Per Common Share Data
Earnings
Basic	$	0.62		$	0.32		93.8	%
Diluted		0.61			0.32		90.6
Cash dividends declared (1)		0.20			0.17		17.6
Book value		25.51			23.86		6.9
Tangible book value (2)		17.12			15.59		9.8
End of period shares outstanding (in thousands)		698,454			696,285		0.3
Weighted average shares (in thousands)
Basic		697,685			695,309		0.3
Diluted		707,369			704,101		0.5
Performance Ratios
Return on average assets		1.03	%		0.60	%
Return on average common shareholders' equity		9.75			5.48
Net interest margin - taxable equivalent		3.93			4.01
Fee income ratio (3)		41.0			40.1
Efficiency ratio (3)		52.0			57.1
Credit Quality (including amounts related to covered loans and
covered foreclosed property)
Nonperforming assets as a percentage of
Total assets		1.50	%		2.69	%
Loans and leases plus foreclosed property		2.35			3.97
Net charge-offs as a percentage of average
loans and leases		1.28			1.56
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.02			2.58
Ratio of allowance for loan and lease losses to
nonperforming loans and leases held for investment		1.18	X		1.09	X
Average Balances
Total assets	$	173,969		$	156,931		10.9	%
Total securities (4)		36,589			25,059		46.0
Loans and leases		110,403			105,294		4.9
Deposits		124,606			105,614		18.0
Shareholders' equity		17,829			16,673		6.9
Period-End Balances
Total assets	$	174,752		$	157,039		11.3	%
Total securities (4)		37,865			26,220		44.4
Loans and leases		110,686			104,887		5.5
Deposits		124,157			106,913		16.1
Shareholders' equity		17,882			16,670		7.3
Capital Ratios (5)
Risk-based
Tier 1		12.7	%		12.1	%
Total		16.2			15.8
Leverage		9.1			9.3
Tangible common equity (2)		7.1			7.2
Tier 1 common equity to risk-weighted assets (2)		10.0			9.3

Applicable ratios are annualized.
(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessmentto calculate these ratios. See the calculations and management's reasons for using these measures on page 18 of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDICloss share accounting, and other selected items as detailed on page 19 of this supplement. See Non-GAAP reconciliations on page 20 of this supplement.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities atamortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current quarter regulatory capital information is preliminary.

1

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands) 

		Quarter Ended
		March 31			Dec. 31		Sept. 30				June 30			March 31
		2012			2011		2011				2011			2011
Summary Income Statement
Interest income	$	1,780		$	1,807		$	1,788		$	1,727		$	1,713
Interest expense		307			318			334			337			392
Net interest income - taxable equivalent		1,473			1,489			1,454			1,390			1,321
Less: Taxable-equivalent adjustment		37			37			38			36			36
Net interest income		1,436			1,452			1,416			1,354			1,285
Provision for credit losses		288			272			250			328			340
Net interest income after provision for credit losses		1,148			1,180			1,166			1,026			945
Noninterest income		871			922			690			787			714
Noninterest expense		1,385			1,618			1,417			1,395			1,372
Income before income taxes		634			484			439			418			287
Provision for income taxes		189			84			68			91			53
Net income		445			400			371			327			234
Noncontrolling interest		14			9			5			20			9
Net income available to common shareholders		431			391			366			307			225
Per Common Share Data
Earnings
Basic	$	0.62		$	0.56		$	0.52		$	0.44		$	0.32
Diluted		0.61			0.55			0.52			0.44			0.32
Cash dividends declared (1)		0.20			0.16			0.16			0.16			0.17
Book value		25.51			24.98			25.07			24.37			23.86
Tangible book value (2)		17.12			16.73			16.42			15.95			15.59
End of period shares outstanding (in thousands)		698,454			697,143			697,101			696,894			696,285
Weighted average shares (in thousands)
Basic		697,685			697,117			697,052			696,625			695,309
Diluted		707,369			706,178			705,604			704,969			704,101
Performance Ratios
Return on average assets		1.03	%		0.93	%		0.89	%		0.83	%		0.60	%
Return on average common shareholders' equity		9.75			8.76			8.30			7.25			5.48
Net interest margin - taxable equivalent		3.93			4.02			4.09			4.15			4.01
Fee income ratio (3)		41.0			38.4			39.3			40.8			40.1
Efficiency ratio (3)		52.0			53.5			54.6			55.8			57.1
Credit Quality (including amounts related to covered
loans and covered foreclosed property)
Nonperforming assets as a percentage of
Total assets		1.50	%		1.62	%		1.98	%		2.32	%		2.69	%
Loans and leases plus foreclosed property		2.35			2.52			3.05			3.46			3.97
Net charge-offs as a percentage of average
loans and leases		1.28			1.44			1.57			1.71			1.56
Allowance for loan and lease losses as a percentage
of loans and leases held for investment		2.02			2.10			2.25			2.43			2.58
Ratio of allowance for loan and lease losses to
nonperforming loans and leases held for investment		1.18	X		1.21	X		1.20	X		1.22	X		1.09	X
Average Balances
Total assets	$	173,969		$	171,496		$	165,520		$	157,730		$	156,931
Total securities (4)		36,589			35,867			31,567			27,060			25,059
Loans and leases		110,403			108,523			105,658			104,341			105,294
Deposits		124,606			121,925			115,056			106,466			105,614
Shareholders' equity		17,829			17,755			17,551			17,072			16,673
Period-End Balances
Total assets	$	174,752		$	174,579		$	167,677		$	159,310		$	157,039
Total securities (4)		37,865			36,407			32,784			27,961			26,220
Loans and leases		110,686			111,205			107,449			105,350			104,887
Deposits		124,157			124,939			117,567			108,064			106,913
Shareholders' equity		17,882			17,480			17,541			17,049			16,670
Capital Ratios (5)
Risk-based
Tier 1		12.7	%		12.5	%		12.6	%		12.4	%		12.1	%
Total		16.2			15.7			16.1			16.1			15.8
Leverage		9.1			9.0			9.2			9.5			9.3
Tangible common equity (2)		7.1			6.9			7.1			7.2			7.2
Tier 1 common equity to risk-weighted assets (2)		10.0			9.7			9.8			9.6			9.3

Applicable ratios are annualized.
(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate theseratios. See the calculations and management's reasons for using these measures on page 18 of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting,and other selected items as detailed on page 19 of this supplement. See Non-GAAP reconciliations on page 20 of this supplement.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-endbalances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current regulatory capital information is preliminary.

2

BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands) 

		Year-to-Date
		March 31				Change
		2012		2011		$		%
Interest Income
Interest and fees on loans and leases	$	1,502	$	1,520	$	(18	)	(1.2	) %
Interest and dividends on securities		234		150		84		56.0
Interest on other earning assets		7		6		1		16.7
Total interest income		1,743		1,676		67		4.0
Interest Expense
Interest on deposits		121		171		(50	)	(29.2	)
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		1		4		(3	)	(75.0	)
Interest on long-term debt		185		216		(31	)	(14.4	)
Total interest expense		307		391		(84	)	(21.5	)
Net interest income		1,436		1,285		151		11.8
Provision for credit losses		288		340		(52	)	(15.3	)
Net interest income after provision for credit loss		1,148		945		203		21.5
Noninterest income
Insurance income		271		250		21		8.4
Service charges on deposits		137		135		2		1.5
Mortgage banking income		216		95		121		127.4
Investment banking and brokerage fees and commissions		89		87		2		2.3
Checkcard fees		43		72		(29	)	(40.3	)
Bankcard fees and merchant discounts		54		46		8		17.4
Trust and investment advisory revenues		45		43		2		4.7
Income from bank-owned life insurance		30		30		-		-
FDIC loss share income, net		(57	)	(58	)	1		(1.7	)
Securities gains (losses), net		(9	)	-		(9	)	NM
Other income		52		14		38		NM
Total noninterest income		871		714		157		22.0
Noninterest Expense
Personnel expense		730		694		36		5.2
Foreclosed property expense		92		143		(51	)	(35.7	)
Occupancy and equipment expense		153		154		(1	)	(0.6	)
Loan processing expenses		63		56		7		12.5
Regulatory charges		41		61		(20	)	(32.8	)
Professional services		35		31		4		12.9
Software expense		32		26		6		23.1
Amortization of intangibles		22		26		(4	)	(15.4	)
Merger-related and restructuring charges, net		12		(2	)	14		NM
Other expenses		205		183		22		12.0
Total noninterest expense		1,385		1,372		13		0.9
Earnings
Income before income taxes		634		287		347		120.9
Provision for income taxes		189		53		136		NM
Net Income		445		234		211		90.2
Noncontrolling interest		14		9		5		55.6
Net income available to common shareholders	$	431	$	225	$	206		91.6	%
Earnings Per Common Share
Basic	$	0.62	$	0.32	$	0.30		93.8	%
Diluted		0.61		0.32		0.29		90.6
Weighted Average Shares Outstanding
Basic		697,685		695,309		2,376		0.3
Diluted		707,369		704,101		3,268		0.5
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
	March 31			Dec. 31			Sept. 30			June 30			March 31
	2012			2011			2011			2011			2011
Interest Income
Interest and fees on loans and leases	$	1,502		$	1,530		$	1,546		$	1,523		$	1,520
Interest and dividends on securities		234			235			199			163			150
Interest on other earning assets		7			4			5			4			6
Total interest income		1,743			1,769			1,750			1,690			1,676
Interest Expense
Interest on deposits		121			137			150			152			171
Interest on federal funds purchased, securities sold under
repurchase agreements and short-term borrowed funds		1			1			3			3			4
Interest on long-term debt		185			179			181			181			216
Total interest expense		307			317			334			336			391
Net interest income		1,436			1,452			1,416			1,354			1,285
Provision for credit losses		288			272			250			328			340
Net interest income after provision for credit loss		1,148			1,180			1,166			1,026			945
Noninterest income
Insurance income		271			254			241			299			250
Service charges on deposits		137			142			141			145			135
Mortgage banking income		216			135			123			83			95
Investment banking and brokerage fees and commissions		89			75			81			90			87
Checkcard fees		43			42			78			79			72
Bankcard fees and merchant discounts		54			55			51			52			46
Trust and investment advisory revenues		45			42			43			45			43
Income from bank-owned life insurance		30			30			33			29			30
FDIC loss share income, net		(57	)		(46	)		(104	)		(81	)		(58	)
Securities gains (losses), net		(9	)		103			(39	)		(2	)		-
Other income		52			90			42			48			14
Total noninterest income		871			922			690			787			714
Noninterest Expense
Personnel expense		730			679			671			683			694
Foreclosed property expense		92			346			168			145			143
Occupancy and equipment expense		153			159			151			152			154
Loan processing expenses		63			59			55			57			56
Regulatory charges		41			46			46			59			61
Professional services		35			49			56			38			31
Software expense		32			33			30			29			26
Amortization of intangibles		22			24			24			25			26
Merger-related and restructuring charges, net		12			16			-			2			(2	)
Other expenses		205			207			216			205			183
Total noninterest expense		1,385			1,618			1,417			1,395			1,372
Earnings
Income before income taxes		634			484			439			418			287
Provision for income taxes		189			84			68			91			53
Net Income		445			400			371			327			234
Noncontrolling interest		14			9			5			20			9
Net income available to common shareholders	$	431		$	391		$	366		$	307		$	225
Earnings Per Common Share
Basic	$	0.62		$	0.56		$	0.52		$	0.44		$	0.32
Diluted		0.61			0.55			0.52			0.44			0.32
Weighted Average Shares Outstanding
Basic		697,685			697,117			697,052			696,625			695,309
Diluted		707,369			706,178			705,604			704,969			704,101

4

BB&T Corporation
Lines of Business Financial Performance (1)
Year-To-Date March 31, 2012 and 2011
(Dollars in millions) 

							Residential								Dealer
	Community Banking						Mortgage Banking								Financial Services								Specialized Lending
	March 31		March 31		Percent		March 31			March 31			Percent		March 31			March 31			Percent		March 31			March 31			Percent
	2012		2011		Change		2012			2011			Change		2012			2011			Change		2012			2011			Change
Net interest income (expense)	$	506	$	469	7.9	%	$	278		$	254		9.4	%	$	210		$	210		-	%	$	167		$	150		11.3	%
Net intersegment interest income
(expense)		356		430	(17.2	)		(191	)		(183	)	4.4			(59	)		(73	)	(19.2	)		(44	)		(45	)	(2.2	)
Net interest income (expense)
and intersegment		862		899	(4.1	)		87			71		22.5			151			137		10.2			123			105		17.1
Allocated provision for loan
and lease losses		255		204	25.0			(22	)		79		(127.8	)		27			33		(18.2	)		27			4		NM
Noninterest income		268		193	38.9			195			75		160.0			2			2		-			52			50		4.0
Intersegment net referral fees
(expense)		39		33	18.2			-			-		NM			-			-		NM			-			-		NM
Noninterest expense		487		538	(9.5	)		85			63		34.9			25			22		13.6			63			55		14.5
Amortization of intangibles		9		13	(30.8	)		-			-		NM			-			-		NM			1			1		-
Allocated corporate expenses		256		226	13.3			14			12		16.7			9			9		-			19			15		26.7
Income (loss) before income taxes		162		144	12.5			205			(8	)	NM			92			75		22.7			65			80		(18.8	)
Provision (benefit) for income
taxes		57		51	11.8			77			(3	)	NM			35			28		25.0			12			17		(29.4	)
Segment net income (loss)	$	105	$	93	12.9		$	128		$	(5	)	NM		$	57		$	47		21.3		$	53		$	63		(15.9	)
Identifiable segment assets
(period end)	$	60,750	$	62,295	(2.5	)	$	25,288	$		21,669		16.7		$	10,050	$		9,480		6.0		$	16,891		$	14,407		17.2
															Other, Treasury								Total BB&T
	Insurance Services						Financial Services								& Corporate (2)								Corporation
	March 31		March 31		Percent		March 31			March 31			Percent		March 31			March 31			Percent		March 31			March 31			Percent
		2012	2011		Change		2012			2011			Change		2012			2011			Change		2012			2011			Change
Net interest income (expense)	$	1	$	1	-	%	$	27		$	23		17.4	%	$	247		$	178		38.8	%	$	1,436		$	1,285		11.8	%
Net intersegment interest income
(expense)		1		2	(50.0	)		80			56		42.9			(143	)		(187	)	(23.5	)		-			-		NM
Net interest income (expense)
and intersegment		2		3	(33.3	)		107			79		35.4			104			(9	)	NM			1,436			1,285		11.8
Allocated provision for loan
and lease losses		-		-	NM			14			(9	)	NM			(13	)		29		(144.8	)		288			340		(15.3	)
Noninterest income		270		249	8.4			178			166		7.2			(94	)		(21	)	NM			871			714		22.0
Intersegment net referral fees
(expense)		-		-	NM			6			5		20.0			(45	)		(38	)	18.4			-			-		NM
Noninterest expense		212		195	8.7			153			143		7.0			338			330		2.4			1,363			1,346		1.3
Amortization of intangibles		10		10	-			1			1		-			1			1		-			22			26		(15.4	)
Allocated corporate expenses		20		17	17.6			23			13		76.9			(341	)		(292	)	16.8			-			-		NM
Income (loss) before income taxes		30		30	-			100			102		(2.0	)		(20	)		(136	)	(85.3	)		634			287		120.9
Provision (benefit) for income
taxes		7		9	(22.2	)		37			37		-			(36	)		(86	)	(58.1	)		189			53		NM
Segment net income (loss)	$	23	$	21	9.5		$	63		$	65		(3.1	)	$	16		$	(50	)	(132.0	)	$	445		$	234		90.2
Identifiable segment assets
(period end)	$	2,311	$	2,252	2.6		$	7,790		$	5,874		32.6		$	51,672		$	41,062		25.8		$	174,752		$	157,039		11.3

(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM	- not meaningful.

5

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions) 

		Quarter Ended
Community Banking		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	506		$	499		$	486		$	483		$	469
Net intersegment interest income (expense)		356			388			405			419			430
Net interest income (expense) and intersegment		862			887			891			902			899
Allocated provision for loan and lease losses		255			118			142			125			204
Noninterest income		268			242			284			298			193
Intersegment net referral fees (expense)		39			40			32			28			33
Noninterest expense		487			740			549			526			538
Amortization of intangibles		9			11			11			12			13
Allocated corporate expenses		256			225			224			224			226
Income (loss) before income taxes		162			75			281			341			144
Provision (benefit) for income taxes		57			24			102			125			51
Segment net income (loss)	$	105		$	51		$	179		$	216		$	93
Identifiable segment assets (period end)	$	60,750		$	61,072		$	61,008		$	61,410		$	62,295
		Quarter Ended
Residential Mortgage Banking		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	278		$	272		$	255		$	244		$	254
Net intersegment interest income (expense)		(191	)		(187	)		(182	)		(182	)		(183	)
Net interest income (expense) and intersegment		87			85			73			62			71
Allocated provision for loan and lease losses		(22	)		39			56			146			79
Noninterest income		195			111			100			63			75
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		85			86			78			69			63
Amortization of intangibles		-			-			-			-			-
Allocated corporate expenses		14			12			12			12			12
Income (loss) before income taxes		205			59			27			(102	)		(8	)
Provision (benefit) for income taxes		77			22			10			(38	)		(3	)
Segment net income (loss)	$	128		$	37		$	17		$	(64	)	$	(5	)
Identifiable segment assets (period end)	$	25,288		$	25,471		$	23,270		$	21,625		$	21,669
		Quarter Ended
Dealer Financial Services		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	210		$	213		$	217		$	212		$	210
Net intersegment interest income (expense)		(59	)		(62	)		(67	)		(68	)		(73	)
Net interest income (expense) and intersegment		151			151			150			144			137
Allocated provision for loan and lease losses		27			42			24			26			33
Noninterest income		2			1			2			2			2
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		25			23			22			23			22
Amortization of intangibles		-			-			-			1			-
Allocated corporate expenses		9			9			10			10			9
Income (loss) before income taxes		92			78			96			86			75
Provision (benefit) for income taxes		35			29			36			33			28
Segment net income (loss)	$	57		$	49		$	60		$	53		$	47
Identifiable segment assets (period end)	$	10,050		$	9,874		$	9,803		$	9,681		$	9,480
		Quarter Ended
Specialized Lending		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	167		$	167		$	164		$	155		$	150
Net intersegment interest income (expense)		(44	)		(48	)		(47	)		(44	)		(45	)
Net interest income (expense) and intersegment		123			119			117			111			105
Allocated provision for loan and lease losses		27			23			27			17			4
Noninterest income		52			57			53			50			50
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		63			58			61			59			55
Amortization of intangibles		1			2			1			2			1
Allocated corporate expenses		19			15			16			15			15
Income (loss) before income taxes		65			78			65			68			80
Provision (benefit) for income taxes		12			15			11			13			17
Segment net income (loss)	$	53		$	63		$	54		$	55		$	63
Identifiable segment assets (period end)	$	16,891		$	16,766		$	16,089		$	15,168		$	14,407

(1) Lines of business results are preliminary. 

6

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions) 

		Quarter Ended
Insurance Services		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	1		$	-		$	1		$	-		$	1
Net intersegment interest income (expense)		1			1			2			1			2
Net interest income (expense) and intersegment		2			1			3			1			3
Allocated provision for loan and lease losses		-			-			-			-			-
Noninterest income		270			256			238			297			249
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		212			187			198			206			195
Amortization of intangibles		10			11			10			11			10
Allocated corporate expenses		20			22			17			17			17
Income (loss) before income taxes		30			37			16			64			30
Provision (benefit) for income taxes		7			12			5			18			9
Segment net income (loss)	$	23		$	25		$	11		$	46		$	21
Identifiable segment assets (period end)	$	2,311		$	2,352		$	2,135		$	2,343		$	2,252
		Quarter Ended
Financial Services		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	27		$	29		$	27		$	28		$	23
Net intersegment interest income (expense)		80			80			70			60			56
Net interest income (expense) and intersegment		107			109			97			88			79
Allocated provision for loan and lease losses		14			9			1			(2	)		(9	)
Noninterest income		178			183			171			173			166
Intersegment net referral fees (expense)		6			6			5			4			5
Noninterest expense		153			143			142			146			143
Amortization of intangibles		1			1			-			1			1
Allocated corporate expenses		23			14			15			13			13
Income (loss) before income taxes		100			131			115			107			102
Provision (benefit) for income taxes		37			48			42			40			37
Segment net income (loss)	$	63		$	83		$	73		$	67		$	65
Identifiable segment assets (period end)	$	7,790		$	7,413		$	6,561		$	6,233		$	5,874
		Quarter Ended
Other, Treasury & Corporate (2)		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	247		$	272		$	266		$	232		$	178
Net intersegment interest income (expense)		(143	)		(172	)		(181	)		(186	)		(187	)
Net interest income (expense) and intersegment		104			100			85			46			(9	)
Allocated provision for loan and lease losses		(13	)		41			-			16			29
Noninterest income		(94	)		72			(158	)		(96	)		(21	)
Intersegment net referral fees (expense)		(45	)		(46	)		(37	)		(32	)		(38	)
Noninterest expense		338			357			343			341			330
Amortization of intangibles		1			(1	)		2			(2	)		1
Allocated corporate expenses		(341	)		(297	)		(294	)		(291	)		(292	)
Income (loss) before income taxes		(20	)		26			(161	)		(146	)		(136	)
Provision (benefit) for income taxes		(36	)		(66	)		(138	)		(100	)		(86	)
Segment net income (loss)	$	16		$	92		$	(23	)	$	(46	)	$	(50	)
Identifiable segment assets (period end)	$	51,672		$	51,631		$	48,811		$	42,850		$	41,062
		Quarter Ended
Total BB&T Corporation		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Net interest income (expense)	$	1,436		$	1,452		$	1,416		$	1,354		$	1,285
Net intersegment interest income (expense)		-			-			-			-			-
Net interest income (expense) and intersegment		1,436			1,452			1,416			1,354			1,285
Allocated provision for loan and lease losses		288			272			250			328			340
Noninterest income		871			922			690			787			714
Intersegment net referral fees (expense)		-			-			-			-			-
Noninterest expense		1,363			1,594			1,393			1,370			1,346
Amortization of intangibles		22			24			24			25			26
Allocated corporate expenses		-			-			-			-			-
Income (loss) before income taxes		634			484			439			418			287
Provision (benefit) for income taxes		189			84			68			91			53
Segment net income (loss)	$	445		$	400		$	371		$	327		$	234
Identifiable segment assets (period end)	$	174,752		$	174,579		$	167,677		$	159,310		$	157,039

(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

7

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions) 

		As of March 31						Change
		2012			2011			$		%
Assets
Cash and due from banks	$	1,336		$	1,030		$	306		29.7	%
Interest-bearing deposits with banks		2,464			865			1,599		184.9
Federal funds sold and securities purchased under
resale agreements or similar arrangements		252			305			(53	)	(17.4	)
Segregated cash due from banks		20			153			(133	)	(86.9	)
Trading securities at fair value		589			730			(141	)	(19.3	)
Securities available for sale at fair value (1)		24,380			17,887			6,493		36.3
Securities held to maturity		13,485			8,333			5,152		61.8
Loans and leases:
Commercial loans and leases
Commercial and industrial		36,156			33,587			2,569		7.6
Commercial real estate—other		10,543			11,277			(734	)	(6.5	)
Commercial real estate—residential ADC (2)		1,823			3,061			(1,238	)	(40.4	)
Direct retail lending		14,862			13,612			1,250		9.2
Sales finance loans		7,587			7,121			466		6.5
Revolving credit loans		2,159			2,063			96		4.7
Residential mortgage loans		21,513			18,228			3,285		18.0
Other lending subsidiaries		8,951			7,767			1,184		15.2
Other acquired loans		35			56			(21	)	(37.5	)
Total loans and leases held for investment (excluding covered loans)		103,629			96,772			6,857		7.1
Covered loans		4,532			5,803			(1,271	)	(21.9	)
Total loans and leases held for investment		108,161			102,575			5,586		5.4
Loans held for sale		2,525			2,312			213		9.2
Total loans and leases		110,686			104,887			5,799		5.5
Allowance for loan and lease losses		(2,181	)		(2,641	)		460		(17.4	)
FDIC loss share receivable		949			1,580			(631	)	(39.9	)
Premises and equipment		1,822			1,830			(8	)	(0.4	)
Goodwill		6,077			6,014			63		1.0
Core deposit and other intangible assets		422			483			(61	)	(12.6	)
Residential mortgage servicing rights at fair value		696			928			(232	)	(25.0	)
Other assets (3)		13,755			14,655			(900	)	(6.1	)
Total assets	$	174,752		$	157,039		$	17,713		11.3	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	27,410		$	21,864		$	5,546		25.4	%
Interest checking		20,318			17,701			2,617		14.8
Money market and savings		46,759			40,388			6,371		15.8
Certificates and other time deposits		29,648			25,952			3,696		14.2
Foreign office deposits - interest-bearing		22			1,008			(986	)	(97.8	)
Total deposits		124,157			106,913			17,244		16.1
Fed funds purchased, repos and other borrowings		3,436			5,186			(1,750	)	(33.7	)
Long-term debt		22,768			22,591			177		0.8
Other liabilities		6,509			5,679			830		14.6
Total liabilities		156,870			140,369			16,501		11.8
Shareholders' equity:
Common stock		3,492			3,481			11		0.3
Additional paid-in capital		5,880			5,794			86		1.5
Retained earnings		9,064			8,042			1,022		12.7
Accumulated other comprehensive loss		(616	)		(706	)		90		(12.7	)
Noncontrolling interest		62			59			3		5.1
Total shareholders' equity		17,882			16,670			1,212		7.3
Total liabilities and shareholders' equity	$	174,752		$	157,039		$	17,713		11.3	%

(1)	Includes $1.6 billion and $1.7 billion at March 31, 2012 and 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Commercial real estate - residential ADC represents residential acquisition, development and construction loans.
(3)	Includes $403 million and $401 million of foreclosed property and other assets covered by FDIC loss sharing agreements at March 31, 2012 and 2011,respectively.

8

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions) 

		As of
		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Assets
Cash and due from banks	$	1,336		$	1,562		$	1,312		$	1,199		$	1,030
Interest-bearing deposits with banks		2,464			2,646			2,907			1,337			865
Federal funds sold and securities purchased under
resale agreements or similar arrangements		252			136			185			250			305
Segregated cash due from banks		20			20			19			19			153
Trading securities at fair value		589			534			428			564			730
Securities available for sale at fair value (1)		24,380			22,313			24,649			19,409			17,887
Securities held to maturity		13,485			14,094			8,135			8,552			8,333
Loans and leases:
Commercial loans and leases
Commercial and industrial		36,156			36,415			34,817			34,166			33,587
Commercial real estate—other		10,543			10,689			10,931			11,134			11,277
Commercial real estate—residential ADC		1,823			2,061			2,414			2,689			3,061
Direct retail lending		14,862			14,467			13,882			13,679			13,612
Sales finance loans		7,587			7,401			7,265			7,236			7,121
Revolving credit loans		2,159			2,212			2,128			2,091			2,063
Residential mortgage loans		21,513			20,581			19,361			18,372			18,228
Other lending subsidiaries		8,951			8,737			8,636			8,464			7,767
Other acquired loans		35			39			47			50			56
Total loans and leases held for investment (excluding covered loans)		103,629			102,602			99,481			97,881			96,772
Covered loans		4,532			4,867			5,222			5,504			5,803
Total loans and leases held for investment		108,161			107,469			104,703			103,385			102,575
Loans held for sale		2,525			3,736			2,746			1,965			2,312
Total loans and leases		110,686			111,205			107,449			105,350			104,887
Allowance for loan and lease losses		(2,181	)		(2,256	)		(2,355	)		(2,516	)		(2,641	)
FDIC loss share receivable		949			1,100			1,221			1,446			1,580
Premises and equipment		1,822			1,855			1,864			1,846			1,830
Goodwill		6,077			6,078			6,016			6,016			6,014
Core deposit and other intangible assets		422			444			433			457			483
Residential mortgage servicing rights at fair value		696			563			573			879			928
Other assets (2)		13,755			14,285			14,841			14,502			14,655
Total assets	$	174,752		$	174,579		$	167,677		$	159,310		$	157,039
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	27,410		$	25,684		$	24,557		$	22,507		$	21,864
Interest checking		20,318			20,701			18,971			18,660			17,701
Money market and savings		46,759			44,618			43,858			39,356			40,388
Certificates and other time deposits		29,648			33,899			30,142			26,865			25,952
Foreign office deposits - interest-bearing		22			37			39			676			1,008
Total deposits		124,157			124,939			117,567			108,064			106,913
Fed funds purchased, repos and other borrowings		3,436			3,566			3,953			4,842			5,186
Long-term debt		22,768			21,803			22,153			23,380			22,591
Other liabilities		6,509			6,791			6,463			5,975			5,679
Total liabilities		156,870			157,099			150,136			142,261			140,369
Shareholders' equity:
Common stock		3,492			3,486			3,486			3,484			3,481
Additional paid-in capital		5,880			5,873			5,856			5,830			5,794
Retained earnings		9,064			8,772			8,493			8,241			8,042
Accumulated other comprehensive loss		(616	)		(713	)		(356	)		(574	)		(706	)
Noncontrolling interest		62			62			62			68			59
Total shareholders' equity		17,882			17,480			17,541			17,049			16,670
Total liabilities and shareholders' equity	$	174,752		$	174,579		$	167,677		$	159,310		$	157,039

(1)	Includes $1.6 billion, $1.6 billion, $1.7 billion, $1.7 billion and $1.7 billion at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 andMarch 31, 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Includes $403 million, $415 million, $387 million, $390 million and $401 million of foreclosed property and other assets covered by FDIC loss sharingagreements at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.

9

BB&T Corporation
Average Balance Sheets
(Dollars in millions) 

		Year-to-Date
		March 31				Change
		2012		2011		$		%
Assets
Total securities, at amortized cost (1)
U.S. government-sponsored entities (GSE)	$	820	$	93	$	727		NM	%
Mortgage-backed securities issued by GSE		31,742		20,409		11,333		55.5
States and political subdivisions		1,858		1,969		(111	)	(5.6	)
Non-agency mortgage-backed securities		411		595		(184	)	(30.9	)
Other securities		532		750		(218	)	(29.1	)
Covered securities		1,226		1,243		(17	)	(1.4	)
Total securities		36,589		25,059		11,530		46.0
Other earning assets		3,502		2,978		524		17.6
Loans and leases
Commercial loans and leases
Commercial and industrial		36,021		33,433		2,588		7.7
Commercial real estate—other		10,678		11,368		(690	)	(6.1	)
Commercial real estate—residential ADC		1,989		3,281		(1,292	)	(39.4	)
Direct retail lending		14,674		13,672		1,002		7.3
Sales finance loans		7,516		7,080		436		6.2
Revolving credit loans		2,175		2,082		93		4.5
Residential mortgage loans		21,056		17,926		3,130		17.5
Other lending subsidiaries		8,668		7,797		871		11.2
Other acquired loans		38		57		(19	)	(33.3	)
Total loans and leases held for investment
(excluding covered loans)		102,815		96,696		6,119		6.3
Covered loans		4,672		5,927		(1,255	)	(21.2	)
Total loans and leases held for investment		107,487		102,623		4,864		4.7
Loans held for sale		2,916		2,671		245		9.2
Total loans and leases		110,403		105,294		5,109		4.9
Total earning assets		150,494		133,331		17,163		12.9
Nonearning assets		23,475		23,600		(125	)	(0.5	)
Total assets	$	173,969	$	156,931	$	17,038		10.9	%
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits	$	26,173	$	20,990	$	5,183		24.7	%
Interest checking		19,712		17,622		2,090		11.9
Money market and savings		45,667		38,724		6,943		17.9
Certificates and other time deposits		32,942		26,815		6,127		22.8
Foreign office deposits - interest-bearing		112		1,463		(1,351	)	(92.3	)
Total deposits		124,606		105,614		18,992		18.0
Fed funds purchased, repos and other borrowings		3,452		7,286		(3,834	)	(52.6	)
Long-term debt		21,720		21,879		(159	)	(0.7	)
Other liabilities		6,362		5,479		883		16.1
Total liabilities		156,140		140,258		15,882		11.3
Shareholders' equity		17,829		16,673		1,156		6.9
Total liabilities and shareholders' equity	$	173,969	$	156,931	$	17,038		10.9	%

Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.
NM	- not meaningful.

10

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions) 

						Quarter Ended
		March 31		Dec. 31		Sept. 30		June 30		March 31
		2012		2011		2011		2011		2011
Assets
Total securities, at amortized cost (1)
U.S. government-sponsored entities (GSE)	$	820	$	709	$	236	$	106	$	93
Mortgage-backed securities issued by GSE		31,742		31,053		27,104		22,516		20,409
States and political subdivisions		1,858		1,861		1,864		1,889		1,969
Non-agency mortgage-backed securities		411		459		511		547		595
Other securities		532		544		598		745		750
Covered securities		1,226		1,241		1,254		1,257		1,243
Total securities		36,589		35,867		31,567		27,060		25,059
Other earning assets		3,502		2,974		4,034		2,834		2,978
Loans and leases
Commercial loans and leases
Commercial and industrial		36,021		35,232		34,280		33,647		33,433
Commercial real estate—other		10,678		10,839		11,069		11,287		11,368
Commercial real estate—residential ADC		1,989		2,298		2,576		2,933		3,281
Direct retail lending		14,674		14,141		13,754		13,629		13,672
Sales finance loans		7,516		7,308		7,234		7,184		7,080
Revolving credit loans		2,175		2,159		2,109		2,070		2,082
Residential mortgage loans		21,056		20,051		18,818		18,311		17,926
Other lending subsidiaries		8,668		8,627		8,652		8,029		7,797
Other acquired loans		38		42		48		53		57
Total loans and leases held for investment (excluding covered loans)		102,815		100,697		98,540		97,143		96,696
Covered loans		4,672		5,109		5,342		5,625		5,927
Total loans and leases held for investment		107,487		105,806		103,882		102,768		102,623
Loans held for sale		2,916		2,717		1,776		1,573		2,671
Total loans and leases		110,403		108,523		105,658		104,341		105,294
Total earning assets		150,494		147,364		141,259		134,235		133,331
Nonearning assets		23,475		24,132		24,261		23,495		23,600
Total assets	$	173,969	$	171,496	$	165,520	$	157,730	$	156,931
Liabilities and Shareholders' Equity
Deposits
Noninterest-bearing deposits	$	26,173	$	25,216	$	23,370	$	22,151	$	20,990
Interest checking		19,712		19,467		19,004		18,337		17,622
Money market and savings		45,667		44,789		42,174		39,388		38,724
Certificates and other time deposits		32,942		32,290		30,140		25,977		26,815
Foreign office deposits - interest-bearing		112		163		368		613		1,463
Total deposits		124,606		121,925		115,056		106,466		105,614
Fed funds purchased, repos and other borrowings		3,452		3,727	��	4,307		5,486		7,286
Long-term debt		21,720		21,689		22,347		23,114		21,879
Other liabilities		6,362		6,400		6,259		5,592		5,479
Total liabilities		156,140		153,741		147,969		140,658		140,258
Shareholders' equity		17,829		17,755		17,551		17,072		16,673
Total liabilities and shareholders' equity	$	173,969	$	171,496	$	165,520	$	157,730	$	156,931

Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.

11

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions) 

		Quarter Ended
		March 31, 2012					December 31, 2011
		(1)	Interest		(2)		(1)		Interest		(2)
		Average	Income/		Yields/		Average		Income/		Yields/
		Balances	Expense		Rates		Balances		Expense		Rates
Assets
Total securities, at amortized cost (3)
U.S. government-sponsored entities (GSE)	$	820	$	3	1.54	%	$	709	$	2	1.57	%
Mortgage-backed securities issued by GSE		31,742		174	2.20			31,053		164	2.12
States and political subdivisions		1,858		27	5.84			1,861		28	5.82
Non-agency mortgage-backed securities		411		6	5.98			459		8	7.26
Other securities		532		2	1.64			544		2	1.61
Covered securities		1,226		34	11.02			1,241		43	13.89
Total securities		36,589		246	2.70			35,867		247	2.76
Other earning assets		3,502		7	0.76			2,974		4	0.57
Loans and leases
Commercial loans and leases
Commercial and industrial		36,021		362	4.04			35,232		368	4.14
Commercial real estate—other		10,678		101	3.81			10,839		105	3.82
Commercial real estate—residential ADC		1,989		18	3.58			2,298		20	3.46
Direct retail lending		14,674		178	4.89			14,141		179	5.03
Sales finance loans		7,516		80	4.27			7,308		84	4.56
Revolving credit loans		2,175		46	8.51			2,159		48	8.68
Residential mortgage loans		21,056		239	4.54			20,051		232	4.65
Other lending subsidiaries		8,668		249	11.53			8,627		247	11.36
Other acquired loans		38		4	39.18			42		4	37.22
Total loans and leases held for investment
(excluding covered loans)		102,815		1,277	4.99			100,697		1,287	5.08
Covered loans		4,672		224	19.32			5,109		244	18.96
Total loans and leases held for investment		107,487		1,501	5.61			105,806		1,531	5.75
Loans held for sale		2,916		26	3.62			2,717		25	3.71
Total loans and leases		110,403		1,527	5.56			108,523		1,556	5.69
Total earning assets		150,494		1,780	4.75			147,364		1,807	4.88
Nonearning assets		23,475						24,132
Total assets	$	173,969					$	171,496
Liabilities and Shareholders' Equity
Interest-bearing deposits
Interest checking	$	19,712		6	0.13		$	19,467		7	0.15
Money market and savings		45,667		22	0.19			44,789		24	0.21
Certificates and other time deposits		32,942		93	1.13			32,290		106	1.30
Foreign office deposits - interest-bearing		112		-	0.03			163		-	0.03
Total interest-bearing deposits		98,433		121	0.49			96,709		137	0.56
Fed funds purchased, repos and other borrowings		3,452		1	0.23			3,727		2	0.24
Long-term debt		21,720		185	3.41			21,689		179	3.28
Total interest-bearing liabilities		123,605		307	1.00			122,125		318	1.04
Noninterest-bearing deposits		26,173						25,216
Other liabilities		6,362						6,400
Shareholders' equity		17,829						17,755
Total liabilities and shareholders' equity	$	173,969					$	171,496
Average interest-rate spread					3.75						3.84
Net interest income/ net interest margin			$	1,473	3.93	%			$	1,489	4.02	%
Taxable-equivalent adjustment			$	37					$	37

	Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

12

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions) 

								Quarter Ended
		September 30, 2011						June 30, 2011						March 31, 2011
	(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
Total securities, at amortized cost (3)
U.S. government-sponsored entities (GSE)	$	236	$	1	0.88	%	$	106	$	-	1.91	%	$	93	$	1	2.41	%
Mortgage-backed securities issued by GSE		27,104		129	1.89			22,516		95	1.69			20,409		84	1.65
States and political subdivisions		1,864		26	5.78			1,889		28	5.74			1,969		27	5.55
Non-agency mortgage-backed securities		511		9	6.90			547		8	6.44			595		10	6.38
Other securities		598		2	1.55			745		3	1.49			750		3	1.56
Covered securities		1,254		45	14.21			1,257		43	13.66			1,243		37	12.06
Total securities		31,567		212	2.68			27,060		177	2.62			25,059		162	2.59
Other earning assets		4,034		6	0.51			2,834		4	0.62			2,978		6	0.80
Loans and leases
Commercial loans and leases
Commercial and industrial		34,280		363	4.21			33,647		356	4.25			33,433		359	4.35
Commercial real estate—other		11,069		105	3.78			11,287		107	3.79			11,368		108	3.84
Commercial real estate—residential ADC		2,576		23	3.53			2,933		26	3.56			3,281		28	3.50
Direct retail lending		13,754		177	5.10			13,629		175	5.15			13,672		174	5.17
Sales finance loans		7,234		87	4.78			7,184		90	4.99			7,080		91	5.23
Revolving credit loans		2,109		46	8.77			2,070		45	8.75			2,082		46	8.90
Residential mortgage loans		18,818		228	4.83			18,311		219	4.80			17,926		223	4.97
Other lending subsidiaries		8,652		246	11.28			8,029		233	11.68			7,797		227	11.76
Other acquired loans		48		4	33.74			53		5	34.52			57		4	31.68
Total loans and leases held for investment
(excluding covered loans)		98,540		1,279	5.16			97,143		1,256	5.19			96,696		1,260	5.27
Covered loans		5,342		273	20.29			5,625		274	19.47			5,927		262	17.96
Total loans and leases held for investment		103,882		1,552	5.94			102,768		1,530	5.97			102,623		1,522	6.00
Loans held for sale		1,776		18	3.98			1,573		16	4.01			2,671		23	3.48
Total loans and leases		105,658		1,570	5.91			104,341		1,546	5.94			105,294		1,545	5.94
Total earning assets		141,259		1,788	5.03			134,235		1,727	5.16			133,331		1,713	5.19
Nonearning assets		24,261						23,495						23,600
Total assets	$	165,520					$	157,730					$	156,931
Liabilities and Shareholders' Equity
Interest-bearing deposits
Interest checking	$	19,004		8	0.16		$	18,337		8	0.16		$	17,622		7	0.17
Money market and savings		42,174		30	0.29			39,388		35	0.35			38,724		40	0.42
Certificates and other time deposits		30,140		112	1.47			25,977		111	1.72			26,815		124	1.88
Foreign office deposits - interest-bearing		368		-	0.04			613		(2)	(0.97	)		1,463		-	(0.26	)
Total interest-bearing deposits		91,686		150	0.65			84,315		152	0.72			84,624		171	0.82
Fed funds purchased, repos and other borrowings		4,307		3	0.31			5,486		4	0.22			7,286		5	0.30
Long-term debt		22,347		181	3.22			23,114		181	3.14			21,879		216	3.97
Total interest-bearing liabilities		118,340		334	1.12			112,915		337	1.19			113,789		392	1.39
Noninterest-bearing deposits		23,370						22,151						20,990
Other liabilities		6,259						5,592						5,479
Shareholders' equity		17,551						17,072						16,673
Total liabilities and shareholders' equity	$	165,520					$	157,730					$	156,931
Average interest-rate spread					3.91						3.97						3.80
Net interest income/ net interest margin			$	1,454	4.09	%			$	1,390	4.15	%			$	1,321	4.01	%
Taxable-equivalent adjustment			$	38					$	36					$	36

Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

13

BB&T Corporation
Credit Quality
(Dollars in millions) 

						As of
		March 31		Dec. 31		Sept. 30		June 30		March 31
		2012		2011		2011		2011		2011
Nonperforming assets (1)
Nonaccrual loans and leases
Commercial loans and leases
Commercial and industrial	$	685	$	582	$	579	$	611	$	594
Commercial real estate—other		312		394		438		467		508
Commercial real estate—residential ADC		312		376		428		460		568
Direct retail lending		139		142		151		172		182
Sales finance loans		15		7		7		7		9
Residential mortgage loans (6)		320		308		298		292		511
Other lending subsidiaries		60		63		56		52		55
Total nonaccrual loans and leases held for investment		1,843		1,872		1,957		2,061		2,427
Loans held for sale		-		-		26		116		189
Total nonaccrual loans and leases		1,843		1,872		1,983		2,177		2,616
Foreclosed real estate (2)		378		536		950		1,147		1,211
Other foreclosed property		35		42		36		29		36
Total nonperforming assets (excluding covered assets) (2)	$	2,256	$	2,450	$	2,969	$	3,353	$	3,863
Performing troubled debt restructurings (TDRs) (3)
Commercial loans and leases
Commercial and industrial	$	76	$	74	$	64	$	100	$	125
Commercial real estate—other		82		117		124		153		233
Commercial real estate—residential ADC		30		44		55		105		120
Direct retail lending		117		146		141		143		146
Sales finance loans		7		8		6		6		5
Revolving credit loans		61		62		63		62		62
Residential mortgage loans (7)		589		608		568		570		587
Other lending subsidiaries		53		50		46		39		31
Total performing TDRs (7)	$	1,015	$	1,109	$	1,067	$	1,178	$	1,309
Loans 90 days or more past due and still accruing
Commercial loans and leases
Commercial and industrial	$	2	$	2	$	1	$	4	$	6
Commercial real estate—other		1		-		2		4		20
Commercial real estate—residential ADC		-		-		-		-		5
Direct retail lending		48		55		52		59		59
Sales finance loans		13		18		19		21		23
Revolving credit loans		14		17		15		16		18
Residential mortgage loans (8)(10)		72		104		91		90		124
Other lending subsidiaries		6		5		5		7		6
Other acquired loans		1		1		2		2		2
Total loans 90 days past due and still accruing (excluding covered loans) (4)(8)(10)	$	157	$	202	$	187	$	203	$	263
Loans 30-89 days past due
Commercial loans and leases
Commercial and industrial	$	62	$	85	$	76	$	72	$	137
Commercial real estate—other		26		22		27		35		54
Commercial real estate—residential ADC		8		14		27		25		40
Direct retail lending		135		161		148		154		166
Sales finance loans		50		75		67		68		67
Revolving credit loans		20		22		23		22		24
Residential mortgage loans (9)(11)		397		479		445		426		444
Other lending subsidiaries		172		273		243		198		166
Other acquired loans		-		1		1		-		1
Total loans 30-89 days past due (excluding covered loans) (5)(9)(11)	$	870	$	1,132	$	1,057	$	1,000	$	1,099

(1)	Covered and other acquired loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually pastdue are noted in the footnotes below.
(2)	Excludes foreclosed real estate totaling $364 million, $378 million, $355 million, $348 million and $362 million at March 31, 2012, December 31, 2011,September 30, 2011, June 30, 2011 and March 31, 2011, respectively, that are covered by FDIC loss sharing agreements.
(3)	Excludes TDRs that are nonperforming totaling $263 million, $280 million, $319 million, $381 million and $479 million at March 31, 2012, December 31, 2011,September 30, 2011, June 30, 2011 and March 31, 2011, respectively. These amounts are included in total nonperforming assets.
(4)	Excludes loans past due 90 days or more that are covered by FDIC loss sharing agreements totaling $677 million, $736 million, $872 million, $935 million and$1.2 billion at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.
(5)	Excludes loans past due 30-89 days that are covered by FDIC loss sharing agreements totaling $258 million, $222 million, $211 million, $308 million and $252million at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.
(6)	Includes a reduction of $231 million in mortgage loans during the second quarter of 2011 in connection with BB&T's NPL disposition strategy.
(7)	Excludes restructured mortgage loans that are government guaranteed totaling $242 million, $236 million, $214 million, $184 million, and $148 million atMarch 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively. Includes mortgage loans held for sale.
(8)	Excludes mortgage loans past due 90 days or more that are government guaranteed totaling $218 million, $206 million, $185 million, $162 million and $187million at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively. Includes past due mortgage loans heldfor sale.
(9)	Excludes mortgage loans past due 30-89 days that are government guaranteed totaling $82 million, $91 million, $82 million, $78 million and $71 million atMarch 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively. Includes past due mortgage loans held for sale.
(10)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 90 days or more totaling $439 million,$426 million, $389 million, $389 million and $406 million at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011,respectively.
(11)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 30-89 days totaling $5 million, $7million, $7 million, $7 million and $6 million at March 31, 2012, December 31, 2011, September 30, 2011, June 30, 2011 and March 31, 2011, respectively.

14

BB&T Corporation
Credit Quality
(Dollars in millions) 

		As of/For the Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
	2012			2011			2011			2011			2011
Allowance for credit losses
Beginning balance	$	2,285		$	2,406		$	2,575		$	2,691		$	2,755
Provision for credit losses (excluding covered loans)		285			223			243			313			340
Provision for covered loans		3			49			7			15			-
Charge-offs
Commercial loans and leases
Commercial and industrial		(63	)		(81	)		(102	)		(62	)		(78	)
Commercial real estate—other		(73	)		(60	)		(64	)		(81	)		(68	)
Commercial real estate—residential ADC		(54	)		(92	)		(61	)		(78	)		(71	)
Direct retail lending		(57	)		(58	)		(74	)		(66	)		(78	)
Sales finance loans		(7	)		(8	)		(7	)		(7	)		(10	)
Revolving credit loans		(22	)		(21	)		(23	)		(24	)		(27	)
Residential mortgage loans (1)		(42	)		(45	)		(41	)		(129	)		(54	)
Other lending subsidiaries		(60	)		(53	)		(42	)		(43	)		(52	)
Covered loans		(15	)		(13	)		(53	)		-			-
Total charge-offs		(393	)		(431	)		(467	)		(490	)		(438	)
Recoveries
Commercial loans and leases
Commercial and industrial		4			6			9			9			4
Commercial real estate—other		3			3			6			6			3
Commercial real estate—residential ADC		8			5			9			7			4
Direct retail lending		10			10			10			8			9
Sales finance loans		3			2			2			3			2
Revolving credit loans		5			5			4			5			5
Residential mortgage loans		1			2			1			1			1
Other lending subsidiaries		7			5			7			7			6
Total recoveries		41			38			48			46			34
Net charge-offs		(352	)		(393	)		(419	)		(444	)		(404	)
Ending balance	$	2,221		$	2,285		$	2,406		$	2,575		$	2,691
Allowance for credit losses
Allowance for loan and lease losses (excluding covered loans)	$	2,044		$	2,107		$	2,242		$	2,357		$	2,497
Allowance for covered loans		137			149			113			159			144
Reserve for unfunded lending commitments		40			29			51			59			50
Total	$	2,221		$	2,285		$	2,406		$	2,575		$	2,691

(1) Includes charge-offs of $87 million in the second quarter of 2011 in connection with BB&T's NPL disposition strategy. 

15

BB&T Corporation
Credit Quality 

	As of/For the Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2012		2011		2011		2011		2011
Asset Quality Ratios (including amounts related to covered loans
and covered foreclosed property)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)(2)	1.02	%	1.22	%	1.18	%	1.24	%	1.29	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)(2)	0.75		0.84		0.99		1.08		1.36
Nonperforming loans and leases as a
percentage of total loans and leases	1.67		1.68		1.85		2.07		2.49
Nonperforming assets as a percentage of:
Total assets	1.50		1.62		1.98		2.32		2.69
Loans and leases plus foreclosed property	2.35		2.52		3.05		3.46		3.97
Net charge-offs as a percentage of average loans and leases	1.28		1.44		1.57		1.71		1.56
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	2.02		2.10		2.25		2.43		2.58
Ratio of allowance for loan and lease losses to:
Net charge-offs	1.54	X	1.45	X	1.42	X	1.41	X	1.61	X
Nonperforming loans and leases held for investment	1.18		1.21		1.20		1.22		1.09
Asset Quality Ratios (excluding amounts related to covered loans
and covered foreclosed property) (3)
Loans 30-89 days past due and still accruing as a
percentage of total loans and leases (1)(2)	0.82	%	1.06	%	1.03	%	1.00	%	1.11	%
Loans 90 days or more past due and still accruing
as a percentage of total loans and leases (1)(2)	0.15		0.19		0.18		0.20		0.27
Nonperforming loans and leases as a
percentage of total loans and leases	1.74		1.76		1.94		2.18		2.64
Nonperforming assets as a percentage of:
Total assets	1.33		1.45		1.83		2.18		2.56
Loans and leases plus foreclosed property	2.12		2.29		2.88		3.32		3.85
Net charge-offs as a percentage of average loans and leases (4)	1.28		1.46		1.44		1.80		1.65
Allowance for loan and lease losses as a percentage of
loans and leases held for investment	1.97		2.05		2.25		2.41		2.58
Ratio of allowance for loan and lease losses to:
Net charge-offs	1.51	X	1.40	X	1.55	X	1.32	X	1.52	X
Nonperforming loans and leases held for investment	1.11		1.13		1.15		1.14		1.03

	Applicable ratios are annualized.
(1)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase. Refer to the footnotes on page 14 of this supplementfor amounts related to these loans.
(2)	Excludes mortgage loans guaranteed by the government. Refer to the footnotes on page 14 of this supplement for amounts related to these loans.
(3)	These asset quality ratios have been adjusted to remove the impact of covered loans and covered foreclosed property. Appropriate adjustments to thenumerator and denominator have been reflected in the calculation of these ratios. Management believes the inclusion of covered loans in certain asset qualityratios that include nonperforming assets, past due loans or net charge-offs in the numerator or denominator results in distortion of these ratios and they maynot be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.
(4)	Excluding the impact of losses and balances associated with BB&T's NPL disposition strategy, the adjusted net charge-offs ratio would have been 1.46% forthe second quarter of 2011.

16

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions) 

	As of March 31, 2012
					Past Due 30-89				Past Due 90+
	Current Status				Days				Days					Total
Performing restructurings: (1)
Commercial loans
Commercial and industrial	$	75	98.7	%	$	-	-	%	$	1	1.3	%	$	76
Commercial real estate—other		81	98.8			1	1.2			-	-			82
Commercial real estate—residential ADC		30	100.0			-	-			-	-			30
Direct retail lending		109	93.1			7	6.0			1	0.9			117
Sales finance loans		6	85.7			-	-			1	14.3			7
Revolving credit loans		50	82.0			6	9.8			5	8.2			61
Residential mortgage loans (2)		504	85.6			72	12.2			13	2.2			589
Other lending subsidiaries		48	90.6			5	9.4			-	-			53
Total performing restructurings		903	88.9			91	9.0			21	2.1			1,015
Nonperforming restructurings (3)		79	30.1			43	16.3			141	53.6			263
Total restructurings (2)	$	982	76.8	%	$	134	10.5	%	$	162	12.7	%	$	1,278

(1)	Past due performing restructurings are included in past due disclosures.
(2)	Excludes restructured mortgage loans that are government guaranteed totaling $242 million.
(3)	Nonperforming restructurings are included in nonaccrual loan disclosures.

	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2012		2011		2011		2011		2011
Net charge-offs as a percentage of
average loans and leases:
Commercial loans and leases
Commercial and industrial	0.66	%	0.84	%	1.08	%	0.64	%	0.90	%
Commercial real estate—other	2.64		2.11		2.09		2.64		2.33
Commercial real estate—residential ADC	9.37		14.84		8.06		9.62		8.34
Direct retail lending	1.29		1.36		1.84		1.70		2.06
Sales finance loans	0.23		0.34		0.28		0.24		0.42
Revolving credit loans	3.12		3.13		3.30		3.77		4.33
Residential mortgage loans	0.78		0.86		0.84		2.80		1.20
Other lending subsidiaries	2.45		2.16		1.61		1.83		2.39
Covered loans	1.29		0.99		3.97		-		-
Total loans and leases (1)	1.28		1.44		1.57		1.71		1.56
Total loans and leases, excluding covered loans (1)	1.28		1.46		1.44		1.80		1.65

Applicable ratios are annualized.
(1)	Total loans and leases includes loans held for sale.

17

BB&T Corporation
Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands) 

		As of / Quarter Ended
		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Selected Capital Information (1)
Risk-based capital
Tier 1	$	15,205		$	14,913		$	14,696		$	14,363		$	14,100
Total		19,343			18,802			18,837			18,641			18,389
Risk-weighted assets (2)		119,304			119,725			117,020			116,041			116,484
Average quarterly tangible assets		167,749			165,349			159,268			151,677			151,049
Risk-based capital ratios
Tier 1		12.7	%		12.5	%		12.6	%		12.4	%		12.1	%
Total		16.2			15.7			16.1			16.1			15.8
Leverage capital ratio		9.1			9.0			9.2			9.5			9.3
Equity as a percentage of total assets		10.2			10.0			10.5			10.7			10.6
Book value per common share	$	25.51		$	24.98		$	25.07		$	24.37		$	23.86
Selected Non-GAAP Capital Information (3)
Tangible common equity as a percentage of tangible assets		7.1	%		6.9	%		7.1	%		7.2	%		7.2	%
Tier 1 common equity as a percentage of risk-weighted assets		10.0			9.7			9.8			9.6			9.3
Tangible book value per common share	$	17.12		$	16.73		$	16.42		$	15.95		$	15.59
Calculations of Tier 1 common equity and tangible assets and related measures:
Tier 1 equity	$	15,205		$	14,913		$	14,696		$	14,363		$	14,100
Less:
Qualifying restricted core capital elements		3,250			3,250			3,249			3,249			3,248
Tier 1 common equity	$	11,955		$	11,663		$	11,447		$	11,114		$	10,852
Total assets	$	174,752		$	174,579		$	167,677		$	159,310		$	157,039
Less:
Intangible assets, net of deferred taxes		6,402			6,406			6,330			6,353			6,374
Plus:
Regulatory adjustments, net of deferred taxes		327			421			99			389			572
Tangible assets	$	168,677		$	168,594		$	161,446		$	153,346		$	151,237
Total risk-weighted assets (2)	$	119,304		$	119,725		$	117,020		$	116,041		$	116,484
Tangible common equity as a percentage of tangible assets		7.1	%		6.9	%		7.1	%		7.2	%		7.2	%
Tier 1 common equity as a percentage of risk-weighted assets		10.0			9.7			9.8			9.6			9.3
Tier 1 common equity	$	11,955		$	11,663		$	11,447		$	11,114		$	10,852
Outstanding shares at end of period (in thousands)		698,454			697,143			697,101			696,894			696,285
Tangible book value per common share	$	17.12		$	16.73		$	16.42		$	15.95		$	15.59

(1)	Current quarter regulatory capital information is preliminary.
(2)	Risk-weighted assets are determined based on regulatory capital requirements. Under the regulatory framework for determining risk-weighted assets eachasset class is assigned a risk-weighting of 0%, 20%, 50% or 100% based on the underlying risk of the specific asset class. In addition, off balance sheetexposures are first converted to a balance sheet equivalent amount and subsequently assigned to one of the four risk-weightings.
(3)	Tangible common equity and Tier 1 common equity ratios are Non-GAAP measures. BB&T uses the Tier 1 common equity definition used in the SCAPassessment to calculate these ratios. BB&T's management uses these measures to assess the quality of capital and believes that investors may find themuseful in their analysis of the Corporation. These capital measures are not necessarily comparable to similar capital measures that may be presented by othercompanies.

18

BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data) 

											Favorable (Unfavorable)
Selected Items											Pre-Tax			After-Tax
First Quarter 2012
Tax related items, net (1)	Other noninterest income									$	(42	)	$	(50	)
Leveraged lease write-downs	Other noninterest expense										(15	)		(10	)
Fourth Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income										(11	)		(7	)
VISA indemnification	Other noninterest expense										(11	)		(7	)
Third Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income										(37	)		(23	)
Leveraged lease sale	Other noninterest expense										(16	)		10
Second Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income										(27	)		(17	)
First Quarter 2011
Losses/write-downs related to NPL disposition strategy	Other noninterest income										(74	)		(46	)
		As of / Quarter Ended
		March 31			Dec. 31			Sept. 30			June 30			March 31
		2012			2011			2011			2011			2011
Selected Mortgage Banking Information
Income statement impact of mortgage servicing rights valuation
MSRs fair value increase (decrease)	$	93		$	(23	)	$	(299	)	$	(61	)	$	41
MSRs hedge gains (losses)		(53	)		45			329			59			(39	)
Net	$	40		$	22		$	30		$	(2	)	$	2
Residential mortgage loan originations	$	8,250		$	8,424		$	5,549		$	3,888		$	5,802
Residential mortgage servicing portfolio (2)
Loans serviced for others		70,318			67,066			66,305			65,872			64,894
Bank-owned loans serviced		24,308			24,574			22,413			20,956			21,174
Total servicing portfolio		94,626			91,640			88,718			86,828			86,068
Weighted-average coupon rate		4.89	%		5.02	%		5.10	%		5.14	%		5.17	%
Weighted-average servicing fee		0.332			0.338			0.341			0.344			0.346
Selected Miscellaneous Information
Derivatives notional amount	$	69,059		$	67,581		$	67,403		$	58,060		$	57,160
Fair value of derivatives		(78	)		19			207			(29	)		(77	)
Accumulated comprehensive income related to securities,
net of tax (3)		134			50			159			(128	)		(307	)
Common stock prices
High		31.94			25.57			27.36			27.81			29.60
Low		25.26			19.76			18.92			25.24			25.95
End of period		31.39			25.17			21.33			26.84			27.45
Banking offices		1,773			1,779			1,780			1,778			1,781
ATMs		2,436			2,483			2,484			2,475			2,476
FTEs		31,185			31,774			31,684			31,617			31,365

(1)	Includes write-downsofinvestments in affordable housing and other tax adjustments.
(2)	Amounts reported are unpaid principal balance.
(3)	Includes the impact of the FDIC loss sharing agreements on the covered securities.

19

BB&T Corporation
NON-GAAP Reconciliation Table 

	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
NON-GAAP Reconciliation Table	2012		2011		2011		2011		2011
Efficiency ratio - GAAP	59.0	%	67.1	%	66.1	%	64.1	%	67.4	%
Effect of securities gains (losses), net	(0.2	)	2.4		(1.0	)	-		-
Effect of merger-related and restructuring charges, net	(0.5	)	(0.7	)	-		(0.1	)	0.1
Effect of losses/write-downs on NPL disposition loans	-		(0.2	)	(0.9	)	(0.7	)	(2.1	)
Effect of FDIC loss share accounting	0.1		0.9		0.1		0.3		-
Effect of affordable housing investments write-down	(1.0	)	-		-		-		-
Effect of foreclosed property expense	(3.9	)	(14.5	)	(7.8	)	(6.6	)	(7.0	)
Effect of leveraged lease sale/write-downs	(0.6	)	-		(0.8	)	-		-
Effect of VISA indemnification	-		(0.5	)	-		-		-
Effect of amortization of intangibles	(0.9	)	(1.0	)	(1.1	)	(1.2	)	(1.3	)
Efficiency ratio - reported	52.0		53.5		54.6		55.8		57.1
Fee income ratio - GAAP	37.1	%	38.2	%	32.2	%	36.1	%	35.1	%
Effect of securities gains (losses), net	0.2		(2.7	)	1.1		-		-
Effect of losses/write-downs on NPL disposition loans	-		0.3		1.1		0.7		2.2
Effect of affordable housing investments write-down	1.1		-		-		-		-
Effect of FDIC loss share accounting	2.6		2.6		4.9		4.0		2.8
Fee income ratio - reported	41.0		38.4		39.3		40.8		40.1

20