Truist Financial (TFC) 8-K BB&T reports strong core results

Exhibit 99.2

BB&T Corporation

Quarterly Performance Summary

Second Quarter 2014

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	7
Consolidated Balance Sheets	9
Consolidated Balance Sheets - Five Quarter Trend	10
Average Balance Sheets	11
Average Balance Sheets - Five Quarter Trend	12
Average Balances and Rates - Quarters	13
Credit Quality	16
Credit Quality - Supplemental Information	19
Preliminary Capital Information - Five Quarter Trend	20
Selected Items & Additional Information	21
Non-GAAP Reconciliations	22

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended								Year-to-Date
		June 30						%		June 30						%
		2014			2013			Change		2014			2013			Change
Summary Income Statement
Interest income		$	1,572		$	1,680		(6.4)	%	$	3,154		$	3,377		(6.6)	%
Interest expense			194			228		(14.9)			393			466		(15.7)
	Net interest income - taxable equivalent		1,378			1,452		(5.1)			2,761			2,911		(5.2)
Less:  Taxable-equivalent adjustment			35			37		(5.4)			71			74		(4.1)
	Net interest income		1,343			1,415		(5.1)			2,690			2,837		(5.2)
Provision for credit losses			74			168		(56.0)			134			440		(69.5)
	Net interest income after provision for credit losses		1,269			1,247		1.8			2,556			2,397		6.6
Noninterest income			933			1,046		(10.8)			1,844			2,047		(9.9)
Noninterest expense			1,551			1,496		3.7			2,954			2,910		1.5
Income before income taxes			651			797		(18.3)			1,446			1,534		(5.7)
Provision for income taxes			173			221		(21.7)			390			702		(44.4)
	Net income		478			576		(17.0)			1,056			832		26.9
Noncontrolling interests			16			16		―			56			32		75.0
Preferred stock dividends			37			13		184.6			74			43		72.1
	Net income available to common shareholders		425			547		(22.3)			926			757		22.3
Per Common Share Data
Earnings:
	Basic	$	0.59		$	0.78		(24.4)	%	$	1.29		$	1.08		19.4	%
	Diluted		0.58			0.77		(24.7)			1.27			1.06		19.8
Cash dividends declared			0.24			0.23		4.3			0.47			0.46		2.2
Common equity			29.57			27.51		7.5			29.57			27.51		7.5
Tangible common equity (1)			19.26			16.92		13.8			19.26			16.92		13.8
End of period shares outstanding (in thousands)			719,584			702,995		2.4			719,584			702,995		2.4
Weighted average shares (in thousands):
	Basic		719,080			702,082		2.4			715,978			701,245		2.1
	Diluted		728,452			712,861		2.2			726,388			711,998		2.0
Performance Ratios
Return on average assets			1.04	%		1.27	%				1.16	%		0.92	%
Return on average risk-weighted assets			1.37			1.68					1.54			1.23
Return on average common shareholders' equity			8.03			11.39					8.93			7.95
Return on average tangible common shareholders' equity (2)			12.74			19.12					14.23			13.57
Net interest margin - taxable equivalent			3.43			3.70					3.47			3.73
Fee income ratio (3)			44.0			44.6					43.6			43.8
Efficiency ratio (3)			59.8			57.6					59.6			57.0
Credit Quality (including covered assets)
Nonperforming assets as a percentage of:
	Total assets		0.52	%		0.79	%				0.52	%		0.79	%
	Loans and leases plus foreclosed property		0.80			1.23					0.80			1.23
Net charge-offs as a percentage of average
	loans and leases		0.41			0.74					0.48			0.87
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.33			1.64					1.33			1.64
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.89	X		1.66	X				1.89	X		1.66	X
Average Balances
Total assets		$	185,065		$	182,508		1.4	%	$	183,739		$	182,262		0.8	%
Total securities (4)			40,656			36,719		10.7			40,388			36,760		9.9
Loans and leases			118,510			117,852		0.6			117,447			117,419		―
Deposits			129,599			129,983		(0.3)			127,669			130,209		(2.0)
Common shareholders' equity			21,193			19,293		9.8			20,903			19,216		8.8
Shareholders' equity			23,876			21,789		9.6			23,571			21,553		9.4
Period-End Balances
Total assets		$	188,012		$	183,392		2.5	%	$	188,012		$	183,392		2.5	%
Total securities (4)			41,368			38,228		8.2			41,368			38,228		8.2
Loans and leases			121,215			118,282		2.5			121,215			118,282		2.5
Deposits			131,586			131,079		0.4			131,586			131,079		0.4
Common shareholders' equity			21,277			19,337		10.0			21,277			19,337		10.0
Shareholders' equity			23,965			21,996		9.0			23,965			21,996		9.0
Capital Ratios - Preliminary
Risk-based:
	Tier 1 common equity to risk-weighted assets (1)		10.2	%		9.3	%				10.2	%		9.3	%
	Tier 1		12.0			11.1					12.0			11.1
	Total		14.3			13.9					14.3			13.9	��
	Basel III common equity Tier 1, estimated (1)		10.0			9.0					10.0			9.0
Leverage			9.5			8.8					9.5			8.8
Tangible common equity to tangible assets (1)			7.7			6.8					7.7			6.8
Applicable ratios are annualized.
(1)	Tangible common equity per share, tangible common equity to tangible assets, Tier 1 common equity to risk-weighted assets and Basel III common equity Tier 1 ratios are non-GAAP measures.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

1

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended
		June 30			March 31			Dec. 31			Sept. 30			June 30
		2014			2014			2013			2013			2013
Summary Income Statement
Interest income		$	1,572		$	1,582		$	1,601		$	1,676		$	1,680
Interest expense			194			199			204			222			228
	Net interest income - taxable equivalent		1,378			1,383			1,397			1,454			1,452
Less:  Taxable-equivalent adjustment			35			36			35			37			37
	Net interest income		1,343			1,347			1,362			1,417			1,415
Provision for credit losses			74			60			60			92			168
	Net interest income after provision for credit losses		1,269			1,287			1,302			1,325			1,247
Noninterest income			933			911			985			905			1,046
Noninterest expense			1,551			1,403			1,456			1,471			1,496
Income before income taxes			651			795			831			759			797
Provision for income taxes			173			217			243			450			221
	Net income		478			578			588			309			576
Noncontrolling interests			16			40			14			4			16
Preferred stock dividends			37			37			37			37			13
	Net income available to common shareholders		425			501			537			268			547
Per Common Share Data
Earnings:
	Basic	$	0.59		$	0.70		$	0.76		$	0.38		$	0.78
	Diluted		0.58			0.69			0.75			0.37			0.77
Cash dividends declared			0.24			0.23			0.23			0.23			0.23
Common equity			29.57			29.03			28.52			27.59			27.51
Tangible common equity (1)			19.26			18.77			18.08			17.06			16.92
End of period shares outstanding (in thousands)			719,584			718,497			706,620			704,925			702,995
Weighted average shares (in thousands):
	Basic		719,080			712,842			705,485			704,134			702,082
	Diluted		728,452			724,283			717,671			716,101			712,861
Performance Ratios
Return on average assets			1.04	%		1.29	%		1.30	%		0.68	%		1.27	%
Return on average risk-weighted assets			1.37			1.71			1.70			0.89			1.68
Return on average common shareholders' equity			8.03			9.87			10.85			5.44			11.39
Return on average tangible common shareholders' equity (2)			12.74			15.81			17.91			9.33			19.12
Net interest margin - taxable equivalent			3.43			3.52			3.56			3.68			3.70
Fee income ratio (3)			44.0			43.2			43.5			41.6			44.6
Efficiency ratio (3)			59.8			59.3			59.9			60.1			57.6
Credit Quality (including covered assets)
Nonperforming assets as a percentage of:
	Total assets		0.52	%		0.59	%		0.64	%		0.72	%		0.79	%
	Loans and leases plus foreclosed property		0.80			0.92			1.00			1.10			1.23
Net charge-offs as a percentage of average
	loans and leases		0.41			0.56			0.48			0.48			0.74
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.33			1.41			1.49			1.59			1.64
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.89	X		1.82	X		1.85	X		1.78	X		1.66	X
Average Balances
Total assets		$	185,065		$	182,397		$	179,534		$	181,021		$	182,508
Total securities (4)			40,656			40,117			37,022			36,547			36,719
Loans and leases			118,510			116,372			117,001			118,265			117,852
Deposits			129,599			125,718			125,906			127,948			129,983
Common shareholders' equity			21,193			20,610			19,657			19,491			19,293
Total shareholders' equity			23,876			23,264			22,305			22,139			21,789
Period-End Balances
Total assets		$	188,012		$	184,651		$	183,010		$	181,708		$	183,392
Total securities (4)			41,368			41,308			40,205			36,394			38,228
Loans and leases			121,215			117,632			117,139			118,582			118,282
Deposits			131,586			127,476			127,475			127,484			131,079
Common shareholders' equity			21,277			20,859			20,156			19,446			19,337
Shareholders' equity			23,965			23,556			22,809			22,094			21,996
Capital Ratios - Preliminary
Risk-based:
	Tier 1 common equity to risk-weighted assets (1)		10.2	%		10.2	%		9.9	%		9.4	%		9.3	%
	Tier 1		12.0			12.1			11.8			11.3			11.1
	Total		14.3			14.6			14.3			13.9			13.9
	Basel III common equity Tier 1, estimated (1)		10.0			10.0			9.7			9.2			9.0
Leverage			9.5			9.5			9.3			9.0			8.8
Tangible common equity to tangible assets (1)			7.7			7.6��			7.3			6.9			6.8
Applicable ratios are annualized.
(1)	Tangible common equity per share, tangible common equity to tangible assets, Tier 1 common equity to risk-weighted assets and Basel III common equity Tier 1 ratios are non-GAAP measures.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes certain items as detailed in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes trading securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

2

BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended									Year-to-Date
			June 30				Change					June 30				Change
			2014		2013		$		%			2014		2013		$		%
Interest Income
	Interest and fees on loans and leases		$	1,295	$	1,418	$	(123)	(8.7)	%		$	2,590	$	2,851	$	(261)	(9.2)	%
	Interest and dividends on securities			234		215		19	8.8				470		430		40	9.3
	Interest on other earning assets			8		10		(2)	(20.0)				23		21		2	9.5
		Total interest income		1,537		1,643		(106)	(6.5)				3,083		3,302		(219)	(6.6)
Interest Expense
	Interest on deposits			60		78		(18)	(23.1)				120		164		(44)	(26.8)
	Interest on short-term borrowings			1		3		(2)	(66.7)				2		4		(2)	(50.0)
	Interest on long-term debt			133		147		(14)	(9.5)				271		297		(26)	(8.8)
		Total interest expense		194		228		(34)	(14.9)				393		465		(72)	(15.5)
Net interest income				1,343		1,415		(72)	(5.1)				2,690		2,837		(147)	(5.2)
	Provision for credit losses			74		168		(94)	(56.0)				134		440		(306)	(69.5)
Net interest income after provision for credit losses				1,269		1,247		22	1.8				2,556		2,397		159	6.6
Noninterest income
	Insurance income			422		426		(4)	(0.9)				849		791		58	7.3
	Service charges on deposits			149		143		6	4.2				292		281		11	3.9
	Mortgage banking income			86		168		(82)	(48.8)				160		348		(188)	(54.0)
	Investment banking and brokerage fees and commissions			92		99		(7)	(7.1)				180		193		(13)	(6.7)
	Bankcard fees and merchant discounts			70		65		5	7.7				132		124		8	6.5
	Trust and investment advisory revenues			55		49		6	12.2				109		97		12	12.4
	Checkcard fees			52		51		1	2.0				99		98		1	1.0
	Income from bank-owned life insurance			25		26		(1)	(3.8)				52		54		(2)	(3.7)
	FDIC loss share income, net			(88)		(85)		(3)	3.5				(172)		(144)		(28)	19.4
	Securities gains (losses), net			―		23		(23)	(100.0)				2		46		(44)	(95.7)
	Other income			70		81		(11)	(13.6)				141		159		(18)	(11.3)
		Total noninterest income		933		1,046		(113)	(10.8)				1,844		2,047		(203)	(9.9)
Noninterest Expense
	Personnel expense			809		844		(35)	(4.1)				1,591		1,661		(70)	(4.2)
	Occupancy and equipment expense			168		170		(2)	(1.2)				344		341		3	0.9
	Loan-related expense			100		63		37	58.7				169		121		48	39.7
	Professional services			34		47		(13)	(27.7)				67		83		(16)	(19.3)
	Software expense			42		38		4	10.5				85		76		9	11.8
	Regulatory charges			30		35		(5)	(14.3)				59		70		(11)	(15.7)
	Outside IT services			31		21		10	47.6				58		36		22	61.1
	Amortization of intangibles			23		27		(4)	(14.8)				46		54		(8)	(14.8)
	Foreclosed property expense			10		12		(2)	(16.7)				19		30		(11)	(36.7)
	Merger-related and restructuring charges, net			13		27		(14)	(51.9)				21		32		(11)	(34.4)
	Other expense			291		212		79	37.3				495		406		89	21.9
		Total noninterest expense		1,551		1,496		55	3.7				2,954		2,910		44	1.5
Earnings
	Income before income taxes			651		797		(146)	(18.3)				1,446		1,534		(88)	(5.7)
	Provision for income taxes			173		221		(48)	(21.7)				390		702		(312)	(44.4)
		Net Income		478		576		(98)	(17.0)				1,056		832		224	26.9
	Noncontrolling interests			16		16		―	―				56		32		24	75.0
	Preferred stock dividends			37		13		24	184.6				74		43		31	72.1
		Net income available to common shareholders	$	425	$	547	$	(122)	(22.3)	%		$	926	$	757	$	169	22.3	%
Earnings Per Common Share
		Basic	$	0.59	$	0.78	$	(0.19)	(24.4)	%		$	1.29	$	1.08	$	0.21	19.4	%
		Diluted		0.58		0.77		(0.19)	(24.7)				1.27		1.06		0.21	19.8
Weighted Average Shares Outstanding
		Basic		719,080		702,082		16,998	2.4				715,978		701,245		14,733	2.1
		Diluted		728,452		712,861		15,591	2.2				726,388		711,998		14,390	2.0

3

BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended
			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Interest Income
	Interest and fees on loans and leases		$	1,295	$	1,295	$	1,341	$	1,411	$	1,418
	Interest and dividends on securities			234		236		220		221		215
	Interest on other earning assets			8		15		5		7		10
		Total interest income		1,537		1,546		1,566		1,639		1,643
Interest Expense
	Interest on deposits			60		60		65		72		78
	Interest on short-term borrowings			1		1		1		1		3
	Interest on long-term debt			133		138		138		149		147
		Total interest expense		194		199		204		222		228
Net interest income				1,343		1,347		1,362		1,417		1,415
	Provision for credit losses			74		60		60		92		168
Net interest income after provision for credit losses				1,269		1,287		1,302		1,325		1,247
Noninterest income
	Insurance income			422		427		371		355		426
	Service charges on deposits			149		143		151		152		143
	Mortgage banking income			86		74		100		117		168
	Investment banking and brokerage fees and commissions			92		88		101		89		99
	Bankcard fees and merchant discounts			70		62		65		67		65
	Trust and investment advisory revenues			55		54		52		51		49
	Checkcard fees			52		47		50		51		51
	Income from bank-owned life insurance			25		27		32		27		26
	FDIC loss share income, net			(88)		(84)		(75)		(74)		(85)
	Securities gains (losses), net			―		2		5		―		23
	Other income			70		71		133		70		81
		Total noninterest income		933		911		985		905		1,046
Noninterest Expense
	Personnel expense			809		782		827		805		844
	Occupancy and equipment expense			168		176		174		177		170
	Loan-related expense			100		69		64		70		63
	Professional services			34		33		46		60		47
	Software expense			42		43		43		39		38
	Regulatory charges			30		29		33		40		35
	Outside IT services			31		27		29		24		21
	Amortization of intangibles			23		23		26		26		27
	Foreclosed property expense			10		9		11		14		12
	Merger-related and restructuring charges, net			13		8		10		4		27
	Other expense			291		204		193		212		212
		Total noninterest expense		1,551		1,403		1,456		1,471		1,496
Earnings
	Income before income taxes			651		795		831		759		797
	Provision for income taxes			173		217		243		450		221
		Net Income		478		578		588		309		576
	Noncontrolling interests			16		40		14		4		16
	Preferred stock dividends			37		37		37		37		13
		Net income available to common shareholders	$	425	$	501	$	537	$	268	$	547
Earnings Per Common Share
		Basic	$	0.59	$	0.70	$	0.76	$	0.38	$	0.78
		Diluted		0.58		0.69		0.75		0.37		0.77
Weighted Average Shares Outstanding
		Basic		719,080		712,842		705,485		704,134		702,082
		Diluted		728,452		724,283		717,671		716,101		712,861

4

BB&T Corporation
Lines of Business Financial Performance (1)(2)
Quarter Ended June 30, 2014 and 2013
(Dollars in millions)
								Residential						Dealer
		Community Banking						Mortgage Banking						Financial Services						Specialized Lending
		June 30		June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent
		2014		2013		Change		2014		2013		Change		2014		2013		Change		2014		2013		Change
Net interest income (expense)		$	430	$	427	0.7	%	$	375	$	398	(5.8)	%	$	207	$	210	(1.4)	%	$	143	$	178	(19.7)	%
Net intersegment interest income
	(expense)		299		339	(11.8)			(250)		(248)	0.8			(39)		(39)	―			(34)		(30)	13.3
Segment net interest income			729		766	(4.8)			125		150	(16.7)			168		171	(1.8)			109		148	(26.4)
Allocated provision (benefit) for
	credit losses		35		108	(67.6)			(1)		30	(103.3)			31		41	(24.4)			13		28	(53.6)
Noninterest income			316		310	1.9			68		151	(55.0)			―		1	(100.0)			51		��54	(5.6)
Intersegment net referral fees
	(expense)		29		51	(43.1)			―		―	―			―		―	―			―		―	―
Noninterest expense			397		445	(10.8)			206		98	110.2			28		27	3.7			52		64	(18.8)
Amortization of intangibles			8		9	(11.1)			―		―	―			―		―	―			1		2	(50.0)
Allocated corporate expenses			284		260	9.2			21		17	23.5			7		8	(12.5)			15		16	(6.3)
Income (loss) before income taxes			350		305	14.8			(33)		156	(121.2)			102		96	6.3			79		92	(14.1)
Provision (benefit) for income
	taxes		128		111	15.3			(12)		59	(120.3)			39		37	5.4			19		24	(20.8)
Segment net income (loss)		$	222	$	194	14.4		$	(21)	$	97	(121.6)		$	63	$	59	6.8		$	60	$	68	(11.8)
Identifiable assets (period end)		$	54,707	$	55,789	(1.9)		$	36,448	$	36,912	(1.3)		$	12,513	$	11,188	11.8		$	17,666	$	17,439	1.3
														Other, Treasury						Total BB&T
		Insurance Services						Financial Services						& Corporate (3)						Corporation
		June 30		June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent
		2014		2013		Change		2014		2013		Change		2014		2013		Change		2014		2013		Change
Net interest income (expense)		$	1	$	―	NM	%	$	42	$	40	5.0	%	$	145	$	162	(10.5)	%	$	1,343	$	1,415	(5.1)	%
Net intersegment interest income
	(expense)		2		2	―			68		75	(9.3)			(46)		(99)	(53.5)			―		―	―
Segment net interest income			3		2	50.0			110		115	(4.3)			99		63	57.1			1,343		1,415	(5.1)
Allocated provision (benefit) for
	credit losses		―		―	―			3		13	(76.9)			(7)		(52)	(86.5)			74		168	(56.0)
Noninterest income			424		427	(0.7)			189		184	2.7			(115)		(81)	42.0			933		1,046	(10.8)
Intersegment net referral fees
	(expense)		―		―	―			7		10	(30.0)			(36)		(61)	(41.0)			―		―	―
Noninterest expense			309		292	5.8			164		156	5.1			372		387	(3.9)			1,528		1,469	4.0
Amortization of intangibles			14		15	(6.7)			―		―	―			―		1	(100.0)			23		27	(14.8)
Allocated corporate expenses			17		14	21.4			30		26	15.4			(374)		(341)	9.7			―		―	―
Income (loss) before income taxes			87		108	(19.4)			109		114	(4.4)			(43)		(74)	(41.9)			651		797	(18.3)
Provision (benefit) for income
	taxes		29		37	(21.6)			41		43	(4.7)			(71)		(90)	(21.1)			173		221	(21.7)
Segment net income (loss)		$	58	$	71	(18.3)		$	68	$	71	(4.2)		$	28	$	16	75.0		$	478	$	576	(17.0)
Identifiable assets (period end)		$	3,015	$	3,164	(4.7)		$	11,972	$	10,024	19.4		$	51,691	$	48,876	5.8		$	188,012	$	183,392	2.5
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.
(3)	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 (1)(2)
Year-To-Date June 30, 2014 and 2013
(Dollars in millions)
								Residential							Dealer
		Community Banking						Mortgage Banking							Financial Services						Specialized Lending
		June 30		June 30		Percent		June 30			June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent
		2014		2013		Change		2014			2013		Change		2014		2013		Change		2014		2013		Change
Net interest income (expense)		$	854	$	849	0.6	%	$	753		$	799	(5.8)	%	$	409	$	415	(1.4)	%	$	281	$	352	(20.2)	%
Net intersegment interest income
	(expense)		598		692	(13.6)			(501)			(502)	(0.2)			(77)		(79)	(2.5)			(68)		(62)	9.7
Segment net interest income			1,452		1,541	(5.8)			252			297	(15.2)			332		336	(1.2)			213		290	(26.6)
Allocated provision (benefit) for
	credit losses		51		225	(77.3)			(21)			23	(191.3)			104		109	(4.6)			22		79	(72.2)
Noninterest income			611		597	2.3			128			312	(59.0)			1		3	(66.7)			100		106	(5.7)
Intersegment net referral fees
	(expense)		55		105	(47.6)			1			―	NM			―		―	―			―		―	―
Noninterest expense			791		870	(9.1)			292			176	65.9			57		54	5.6			103		128	(19.5)
Amortization of intangibles			16		19	(15.8)			―			―	―			―		―	―			2		3	(33.3)
Allocated corporate expenses			568		520	9.2			42			33	27.3			14		15	(6.7)			29		32	(9.4)
Income (loss) before income taxes			692		609	13.6			68			377	(82.0)			158		161	(1.9)			157		154	1.9
Provision (benefit) for income
	taxes		253		222	14.0			26			143	(81.8)			60		62	(3.2)			38		36	5.6
Segment net income (loss)		$	439	$	387	13.4		$	42		$	234	(82.1)		$	98	$	99	(1.0)		$	119	$	118	0.8
Identifiable assets (period end)		$	54,707	$	55,789	(1.9)		$	36,448		$	36,912	(1.3)		$	12,513	$	11,188	11.8		$	17,666	$	17,439	1.3
															Other, Treasury						Total BB&T
		Insurance Services						Financial Services							& Corporate (3)						Corporation
		June 30		June 30		Percent		June 30			June 30		Percent		June 30		June 30		Percent		June 30		June 30		Percent
		2014		2013		Change		2014			2013		Change		2014		2013		Change		2014		2013		Change
Net interest income (expense)		$	1	$	1	―	%	$	82		$	75	9.3	%	$	310	$	346	(10.4)	%	$	2,690	$	2,837	(5.2)	%
Net intersegment interest income
	(expense)		3		3	―			134			155	(13.5)			(89)		(207)	(57.0)			―		―	―
Segment net interest income			4		4	―			216			230	(6.1)			221		139	59.0			2,690		2,837	(5.2)
Allocated provision (benefit) for
	credit losses		―		―	―			3			22	(86.4)			(25)		(18)	38.9			134		440	(69.5)
Noninterest income			855		793	7.8			366			360	1.7			(217)		(124)	75.0			1,844		2,047	(9.9)
Intersegment net referral fees
	(expense)		―		―	―			13			18	(27.8)			(69)		(123)	(43.9)			―		―	―
Noninterest expense			612		580	5.5			313			308	1.6			740		740	―			2,908		2,856	1.8
Amortization of intangibles			27		30	(10.0)			1			1	―			―		1	(100.0)			46		54	(14.8)
Allocated corporate expenses			34		29	17.2			60			50	20.0			(747)		(679)	10.0			―		―	―
Income (loss) before income taxes			186		158	17.7			218			227	(4.0)			(33)		(152)	(78.3)			1,446		1,534	(5.7)
Provision (benefit) for income
	taxes		53		52	1.9			82			85	(3.5)			(122)		102	NM			390		702	(44.4)
Segment net income (loss)		$	133	$	106	25.5		$	136		$	142	(4.2)		$	89	$	(254)	(135.0)		$	1,056	$	832	26.9
Identifiable assets (period end)		$	3,015	$	3,164	(4.7)		$	11,972		$	10,024	19.4		$	51,691	$	48,876	5.8		$	188,012	$	183,392	2.5
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.
(3)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM	- not meaningful.

6

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)(2)
(Dollars in millions)
			Quarter Ended
Community Banking			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	430	$	424	$	432	$	431	$	427
Net intersegment interest income (expense)				299		299		318		326		339
	Segment net interest income			729		723		750		757		766
Allocated provision (benefit) for credit losses				35		16		8		46		108
Noninterest income				316		295		311		321		310
Intersegment net referral fees (expense)				29		26		31		42		51
Noninterest expense				397		394		413		409		445
Amortization of intangibles				8		8		8		9		9
Allocated corporate expenses				284		284		261		260		260
	Income (loss) before income taxes			350		342		402		396		305
	Provision (benefit) for income taxes			128		125		148		146		111
		Segment net income (loss)	$	222	$	217	$	254	$	250	$	194
Identifiable assets (period end)			$	54,707	$	55,288	$	55,666	$	55,190	$	55,789
			Quarter Ended
Residential Mortgage Banking			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	375	$	378	$	388	$	397	$	398
Net intersegment interest income (expense)				(250)		(251)		(250)		(247)		(248)
	Segment net interest income			125		127		138		150		150
Allocated provision (benefit) for credit losses				(1)		(20)		18		(29)		30
Noninterest income				68		60		76		96		151
Intersegment net referral fees (expense)				―		1		―		(1)		―
Noninterest expense				206		86		98		96		98
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				21		21		18		17		17
	Income (loss) before income taxes			(33)		101		80		161		156
	Provision (benefit) for income taxes			(12)		38		31		61		59
		Segment net income (loss)	$	(21)	$	63	$	49	$	100	$	97
Identifiable assets (period end)			$	36,448	$	36,050	$	36,083	$	37,436	$	36,912
			Quarter Ended
Dealer Financial Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	207	$	202	$	209	$	210	$	210
Net intersegment interest income (expense)				(39)		(38)		(40)		(39)		(39)
	Segment net interest income			168		164		169		171		171
Allocated provision (benefit) for credit losses				31		73		57		48		41
Noninterest income				―		1		―		1		1
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				28		29		26		28		27
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				7		7		7		7		8
	Income (loss) before income taxes			102		56		79		89		96
	Provision (benefit) for income taxes			39		21		30		33		37
		Segment net income (loss)	$	63	$	35	$	49	$	56	$	59
Identifiable assets (period end)			$	12,513	$	11,823	$	11,525	$	11,503	$	11,188
			Quarter Ended
Specialized Lending			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	143	$	138	$	145	$	181	$	178
Net intersegment interest income (expense)				(34)		(34)		(31)		(33)		(30)
	Segment net interest income			109		104		114		148		148
Allocated provision (benefit) for credit losses				13		9		5		1		28
Noninterest income				51		49		58		58		54
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				52		51		55		72		64
Amortization of intangibles				1		1		1		1		2
Allocated corporate expenses				15		14		16		17		16
	Income (loss) before income taxes			79		78		95		115		92
	Provision (benefit) for income taxes			19		19		25		33		24
		Segment net income (loss)	$	60	$	59	$	70	$	82	$	68
Identifiable assets (period end)			$	17,666	$	16,146	$	16,564	$	17,076	$	17,439
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.

7

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)(2)
(Dollars in millions)
			Quarter Ended
Insurance Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	1	$	―	$	1	$	1	$	―
Net intersegment interest income (expense)				2		1		1		2		2
	Segment net interest income			3		1		2		3		2
Allocated provision (benefit) for credit losses				―		―		―		―		―
Noninterest income				424		431		385		357		427
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				309		303		268		287		292
Amortization of intangibles				14		13		15		16		15
Allocated corporate expenses				17		17		21		14		14
	Income (loss) before income taxes			87		99		83		43		108
	Provision (benefit) for income taxes			29		24		29		16		37
		Segment net income (loss)	$	58	$	75	$	54	$	27	$	71
Identifiable assets (period end)			$	3,015	$	3,070	$	2,990	$	2,876	$	3,164
			Quarter Ended
Financial Services			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	42	$	40	$	39	$	39	$	40
Net intersegment interest income (expense)				68		66		71		72		75
	Segment net interest income			110		106		110		111		115
Allocated provision (benefit) for credit losses				3		―		(3)		(1)		13
Noninterest income				189		177		205		179		184
Intersegment net referral fees (expense)				7		6		9		9		10
Noninterest expense				164		149		161		149		156
Amortization of intangibles				―		1		1		1		―
Allocated corporate expenses				30		30		24		25		26
	Income (loss) before income taxes			109		109		141		125		114
	Provision (benefit) for income taxes			41		41		53		47		43
		Segment net income (loss)	$	68	$	68	$	88	$	78	$	71
Identifiable assets (period end)			$	11,972	$	10,883	$	10,001	$	11,051	$	10,024
			Quarter Ended
Other, Treasury & Corporate (3)			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	145	$	165	$	148	$	158	$	162
Net intersegment interest income (expense)				(46)		(43)		(69)		(81)		(99)
	Segment net interest income			99		122		79		77		63
Allocated provision (benefit) for credit losses				(7)		(18)		(25)		27		(52)
Noninterest income				(115)		(102)		(50)		(107)		(81)
Intersegment net referral fees (expense)				(36)		(33)		(40)		(50)		(61)
Noninterest expense				372		368		409		404		387
Amortization of intangibles				―		―		1		(1)		1
Allocated corporate expenses				(374)		(373)		(347)		(340)		(341)
	Income (loss) before income taxes			(43)		10		(49)		(170)		(74)
	Provision (benefit) for income taxes			(71)		(51)		(73)		114		(90)
		Segment net income (loss)	$	28	$	61	$	24	$	(284)	$	16
Identifiable assets (period end)			$	51,691	$	51,391	$	50,181	$	46,576	$	48,876
			Quarter Ended
Total BB&T Corporation			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Net interest income (expense)			$	1,343	$	1,347	$	1,362	$	1,417	$	1,415
Net intersegment interest income (expense)				―		―		―		―		―
	Segment net interest income			1,343		1,347		1,362		1,417		1,415
Allocated provision (benefit) for credit losses				74		60		60		92		168
Noninterest income				933		911		985		905		1,046
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				1,528		1,380		1,430		1,445		1,469
Amortization of intangibles				23		23		26		26		27
Allocated corporate expenses				―		―		―		―		―
	Income (loss) before income taxes			651		795		831		759		797
	Provision (benefit) for income taxes			173		217		243		450		221
		Segment net income (loss)	$	478	$	578	$	588	$	309	$	576
Identifiable assets (period end)			$	188,012	$	184,651	$	183,010	$	181,708	$	183,392
(1)	Lines of business results are preliminary.
(2)	During the first quarter of 2014, approximately $8.3 billion of home equity loans were transferred from Community Banking to Residential Mortgage Banking based on a change in how these loans will be managed as a result of new qualified mortgage regulations. Prior period segment data has been reclassified to conform to the current presentation.
(3)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

8

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)
				As of June 30				Change
				2014		2013		$		%
Assets
	Cash and due from banks			$	1,718	$	1,444	$	274	19.0	%
	Interest-bearing deposits with banks				589		740		(151)	(20.4)
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			141		195		(54)	(27.7)
	Restricted cash				292		585		(293)	(50.1)
	Securities available for sale at fair value (1)				20,936		24,477		(3,541)	(14.5)
	Securities held to maturity				20,432		13,751		6,681	48.6
	Loans and leases:
		Commercial:
			Commercial and industrial		40,318		38,701		1,617	4.2
			Commercial real estate—income producing properties		10,438		9,971		467	4.7
	��		Commercial real estate—construction and development		2,634		2,527		107	4.2
		Direct retail lending (2)			7,797		16,069		(8,272)	(51.5)
		Sales finance			10,405		8,821		1,584	18.0
		Revolving credit			2,391		2,325		66	2.8
		Residential mortgage (2)			32,800		23,795		9,005	37.8
		Other lending subsidiaries			11,087		10,836		251	2.3
			Total loans and leases held for investment (excluding covered loans)		117,870		113,045		4,825	4.3
		Covered loans			1,653		2,749		(1,096)	(39.9)
			Total loans and leases held for investment		119,523		115,794		3,729	3.2
		Loans held for sale			1,692		2,488		(796)	(32.0)
			Total loans and leases		121,215		118,282		2,933	2.5
	Allowance for loan and lease losses				(1,590)		(1,901)		311	(16.4)
	Premises and equipment				1,857		1,893		(36)	(1.9)
	Goodwill				6,868		6,824		44	0.6
	Core deposit and other intangible assets				552		620		(68)	(11.0)
	Residential mortgage servicing rights at fair value				954		892		62	7.0
	Other assets (3)				14,048		15,590		(1,542)	(9.9)
		Total assets		$	188,012	$	183,392	$	4,620	2.5	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	37,398	$	33,760	$	3,638	10.8	%
		Interest checking			18,557		19,053		(496)	(2.6)
		Money market and savings			49,191		48,529		662	1.4
		Certificates and other time deposits			26,440		29,737		(3,297)	(11.1)
			Total deposits		131,586		131,079		507	0.4
	Short-term borrowings				3,979		3,192		787	24.7
	Long-term debt				21,927		19,362		2,565	13.2
	Other liabilities				6,555		7,763		(1,208)	(15.6)
		Total liabilities			164,047		161,396		2,651	1.6
	Shareholders' equity:
		Preferred stock			2,603		2,603		―	―
		Common stock			3,598		3,515		83	2.4
		Additional paid-in capital			6,451		6,042		409	6.8
		Retained earnings			11,634		10,564		1,070	10.1
		Accumulated other comprehensive loss			(406)		(784)		378	(48.2)
		Noncontrolling interests			85		56		29	51.8
		Total shareholders' equity			23,965		21,996		1,969	9.0
		Total liabilities and shareholders' equity		$	188,012	$	183,392	$	4,620	2.5	%
(1)	Includes covered securities of $1.3 billion and $1.5 billion at June 30, 2014 and 2013, respectively.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.
(3)	Includes $98 million and $221 million of covered foreclosed property and covered other assets at June 30, 2014 and 2013, respectively.

9

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)
				As of
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2014		2014		2013		2013		2013
Assets
	Cash and due from banks			$	1,718	$	1,722	$	1,565	$	1,811	$	1,444
	Interest-bearing deposits with banks				589		354		452		498		740
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			141		144		148		160		195
	Restricted cash				292		363		422		516		585
	Securities available for sale at fair value (1)				20,936		20,496		22,104		22,865		24,477
	Securities held to maturity				20,432		20,812		18,101		13,529		13,751
	Loans and leases:
		Commercial:
			Commercial and industrial		40,318		39,119		38,508		38,256		38,701
			Commercial real estate—income producing properties		10,438		10,411		10,228		9,860		9,971
			Commercial real estate—construction and development		2,634		2,478		2,382		2,453		2,527
		Direct retail lending (2)			7,797		7,519		15,869		16,128		16,069
		Sales finance			10,405		9,759		9,382		9,132		8,821
		Revolving credit			2,391		2,340		2,403		2,333		2,325
		Residential mortgage (2)			32,800		32,897		24,648		24,037		23,795
		Other lending subsidiaries			11,087		10,186		10,462		11,102		10,836
			Total loans and leases held for investment (excluding covered loans)		117,870		114,709		113,882		113,301		113,045
		Covered loans			1,653		1,819		2,035		2,324		2,749
			Total loans and leases held for investment		119,523		116,528		115,917		115,625		115,794
		Loans held for sale			1,692		1,104		1,222		2,957		2,488
			Total loans and leases		121,215		117,632		117,139		118,582		118,282
	Allowance for loan and lease losses				(1,590)		(1,642)		(1,732)		(1,838)		(1,901)
	Premises and equipment				1,857		1,854		1,869		1,876		1,893
	Goodwill				6,868		6,824		6,814		6,823		6,824
	Core deposit and other intangible assets				552		546		569		595		620
	Residential mortgage servicing rights at fair value				954		1,008		1,047		956		892
	Other assets (3)				14,048		14,538		14,512		15,335		15,590
		Total assets		$	188,012	$	184,651	$	183,010	$	181,708	$	183,392
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	37,398	$	36,322	$	34,972	$	34,486	$	33,760
		Interest checking			18,557		18,416		18,861		18,837		19,053
		Money market and savings			49,191		49,072		48,687		49,000		48,529
		Certificates and other time deposits			26,440		23,666		24,955		25,161		29,737
			Total deposits		131,586		127,476		127,475		127,484		131,079
	Short-term borrowings				3,979		3,285		4,138		4,813		3,192
	Long-term debt				21,927		23,384		21,493		20,402		19,362
	Other liabilities				6,555		6,950		7,095		6,915		7,763
		Total liabilities			164,047		161,095		160,201		159,614		161,396
	Shareholders' equity:
		Preferred stock			2,603		2,603		2,603		2,603		2,603
		Common stock			3,598		3,592		3,533		3,525		3,515
		Additional paid-in capital			6,451		6,385		6,172		6,112		6,042
		Retained earnings			11,634		11,382		11,044		10,669		10,564
		Accumulated other comprehensive loss			(406)		(500)		(593)		(860)		(784)
		Noncontrolling interests			85		94		50		45		56
		Total shareholders' equity			23,965		23,556		22,809		22,094		21,996
		Total liabilities and shareholders' equity		$	188,012	$	184,651	$	183,010	$	181,708	$	183,392
(1)	Includes covered securities of $1.3 billion, $1.4 billion, $1.4 billion, $1.4 billion and $1.5 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.
(3)	Includes $98 million, $138 million, $163 million, $186 million and $221 million of covered foreclosed property and covered other assets at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

10

BB&T Corporation
Average Balance Sheets
(Dollars in millions)
					Quarter Ended								Year-to-Date
					June 30				Change				June 30				Change
					2014		2013		$		%		2014		2013		$		%
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	1,932	$	360	$	1,572	NM	%	$	1,784	$	332	$	1,452	NM	%
		U.S. government-sponsored entities (GSE)				5,604		4,872		732	15.0			5,603		4,547		1,056	23.2
		Mortgage-backed securities issued by GSE				29,627		27,803		1,824	6.6			29,484		28,169		1,315	4.7
		States and political subdivisions				1,831		1,836		(5)	(0.3)			1,832		1,837		(5)	(0.3)
		Non-agency mortgage-backed				250		289		(39)	(13.5)			255		294		(39)	(13.3)
		Other				464		466		(2)	(0.4)			470		472		(2)	(0.4)
		Covered				948		1,093		(145)	(13.3)			960		1,109		(149)	(13.4)
			Total securities			40,656		36,719		3,937	10.7			40,388		36,760		3,628	9.9
	Other earning assets					1,977		2,626		(649)	(24.7)			1,927		2,731		(804)	(29.4)
	Loans and leases:
		Commercial:
			Commercial and industrial			39,397		38,359		1,038	2.7			38,919		38,139		780	2.0
			CRE—income producing properties			10,382		9,864		518	5.3			10,338		9,863		475	4.8
			CRE—construction and development			2,566		2,668		(102)	(3.8)			2,511		2,733		(222)	(8.1)
		Direct retail lending (2)				7,666		15,936		(8,270)	(51.9)			8,503		15,847		(7,344)	(46.3)
		Sales finance				10,028		8,520		1,508	17.7			9,729		8,181		1,548	18.9
		Revolving credit				2,362		2,268		94	4.1			2,359		2,273		86	3.8
		Residential mortgage (2)				32,421		23,391		9,030	38.6			31,533		23,504		8,029	34.2
		Other lending subsidiaries				10,553		10,407		146	1.4			10,395		10,198		197	1.9
			Total loans and leases held for investment
				(excluding covered loans)		115,375		111,413		3,962	3.6			114,287		110,738		3,549	3.2
		Covered loans				1,739		2,858		(1,119)	(39.2)			1,806		2,995		(1,189)	(39.7)
			Total loans and leases held for investment			117,114		114,271		2,843	2.5			116,093		113,733		2,360	2.1
		Loans held for sale				1,396		3,581		(2,185)	(61.0)			1,354		3,686		(2,332)	(63.3)
			Total loans and leases			118,510		117,852		658	0.6			117,447		117,419		28	0.0
				Total earning assets		161,143		157,197		3,946	2.5			159,762		156,910		2,852	1.8
	Nonearning assets					23,922		25,311		(1,389)	(5.5)			23,977		25,352		(1,375)	(5.4)
	Total assets				$	185,065	$	182,508	$	2,557	1.4	%	$	183,739	$	182,262	$	1,477	0.8	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	36,634	$	33,586	$	3,048	9.1	%	$	36,017	$	33,055	$	2,962	9.0	%
		Interest checking				18,406		19,276		(870)	(4.5)			18,510		19,720		(1,210)	(6.1)
		Money market and savings				48,965		48,140		825	1.7			48,866		48,285		581	1.2
		Certificates and other time deposits				25,010		28,034		(3,024)	(10.8)			23,481		28,481		(5,000)	(17.6)
		Foreign office deposits - interest-bearing				584		947		(363)	(38.3)			795		668		127	19.0
			Total deposits			129,599		129,983		(384)	(0.3)			127,669		130,209		(2,540)	(2.0)
	Short-term borrowings					2,962		5,118		(2,156)	(42.1)			3,638		4,670		(1,032)	(22.1)
	Long-term debt					22,206		18,287		3,919	21.4			22,318		18,488		3,830	20.7
	Other liabilities					6,422		7,331		(909)	(12.4)			6,543		7,342		(799)	(10.9)
			Total liabilities			161,189		160,719		470	0.3			160,168		160,709		(541)	(0.3)
	Shareholders' equity					23,876		21,789		2,087	9.6			23,571		21,553		2,018	9.4
	Total liabilities and shareholders' equity				$	185,065	$	182,508	$	2,557	1.4	%	$	183,739	$	182,262	$	1,477	0.8	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.
NM - not meaningful.

11

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
					Quarter Ended
					June 30		March 31		Dec. 31		Sept. 30		June 30
					2014		2014		2013		2013		2013
Assets
	Securities, at amortized cost (1):
		U.S. Treasury			$	1,932	$	1,634	$	824	$	518	$	360
		U.S. government-sponsored entities (GSE)				5,604		5,603		5,596		5,358		4,872
		Mortgage-backed securities issued by GSE				29,627		29,339		27,020		27,050		27,803
		States and political subdivisions				1,831		1,833		1,834		1,835		1,836
		Non-agency mortgage-backed				250		259		268		277		289
		Other				464		477		475		463		466
		Covered				948		972		1,005		1,046		1,093
			Total securities			40,656		40,117		37,022		36,547		36,719
	Other earning assets					1,977		1,875		2,022		2,173		2,626
	Loans and leases:
		Commercial:
			Commercial and industrial			39,397		38,435		38,101		38,446		38,359
			Commercial real estate—income producing properties			10,382		10,293		10,031		9,907		9,864
			Commercial real estate—construction and development			2,566		2,454		2,433		2,459		2,668
		Direct retail lending (2)				7,666		9,349		15,998		16,112		15,936
		Sales finance				10,028		9,428		9,262		8,992		8,520
		Revolving credit				2,362		2,357		2,357		2,308		2,268
		Residential mortgage (2)				32,421		30,635		23,979		23,403		23,391
		Other lending subsidiaries				10,553		10,236		10,448		11,018		10,407
			Total loans and leases held for investment (excluding covered loans)			115,375		113,187		112,609		112,645		111,413
		Covered loans				1,739		1,874		2,186		2,502		2,858
			Total loans and leases held for investment			117,114		115,061		114,795		115,147		114,271
		Loans held for sale				1,396		1,311		2,206		3,118		3,581
			Total loans and leases			118,510		116,372		117,001		118,265		117,852
				Total earning assets		161,143		158,364		156,045		156,985		157,197
	Nonearning assets					23,922		24,033		23,489		24,036		25,311
	Total assets				$	185,065	$	182,397	$	179,534	$	181,021	$	182,508
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits			$	36,634	$	35,392	$	35,347	$	34,244	$	33,586
		Interest checking				18,406		18,615		18,969		18,826		19,276
		Money market and savings				48,965		48,767		49,298		48,676		48,140
		Certificates and other time deposits				25,010		21,935		21,580		25,562		28,034
		Foreign office deposits - interest-bearing				584		1,009		712		640		947
			Total deposits			129,599		125,718		125,906		127,948		129,983
	Short-term borrowings					2,962		4,321		3,865		4,637		5,118
	Long-term debt					22,206		22,432		20,756		19,447		18,287
	Other liabilities					6,422		6,662		6,702		6,850		7,331
		Total liabilities				161,189		159,133		157,229		158,882		160,719
	Shareholders' equity					23,876		23,264		22,305		22,139		21,789
	Total liabilities and shareholders' equity				$	185,065	$	182,397	$	179,534	$	181,021	$	182,508
Average balances exclude basis adjustments for fair value hedges.
(1)	Excludes trading securities.
(2)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

12

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					June 30, 2014						March 31, 2014
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	1,932	$	7	1.50	%	$	1,634	$	6	1.50	%
		U.S. government-sponsored entities (GSE)				5,604		29	2.08			5,603		29	2.09
		Mortgage-backed securities issued by GSE				29,627		146	1.97			29,339		150	2.04
		States and political subdivisions				1,831		27	5.78			1,833		26	5.77
		Non-agency mortgage-backed				250		4	7.65			259		5	6.99
		Other				464		2	1.46			477		2	1.57
		Covered				948		32	13.56			972		31	12.86
			Total securities			40,656		247	2.43			40,117		249	2.48
	Other earning assets					1,977		8	1.60			1,875		15	3.30
	Loans and leases:
		Commercial:
			Commercial and industrial			39,397		332	3.38			38,435		325	3.43
			Commercial real estate—income producing properties			10,382		90	3.50			10,293		91	3.57
			Commercial real estate—construction and development			2,566		23	3.57			2,454		22	3.64
		Direct retail lending (4)				7,666		80	4.24			9,349		99	4.28
		Sales finance				10,028		67	2.67			9,428		66	2.84
		Revolving credit				2,362		51	8.64			2,357		51	8.78
		Residential mortgage (4)				32,421		342	4.22			30,635		325	4.26
		Other lending subsidiaries				10,553		244	9.26			10,236		238	9.42
			Total loans and leases held for investment
				(excluding covered loans)		115,375		1,229	4.27			113,187		1,217	4.34
		Covered loans				1,739		73	16.77			1,874		86	18.65
			Total loans and leases held for investment			117,114		1,302	4.46			115,061		1,303	4.58
		Loans held for sale				1,396		15	4.21			1,311		15	4.46
			Total loans and leases			118,510		1,317	4.45			116,372		1,318	4.58
				Total earning assets		161,143		1,572	3.91			158,364		1,582	4.03
	Nonearning assets					23,922						24,033
	Total assets				$	185,065					$	182,397
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	18,406		3	0.06		$	18,615		3	0.07
		Money market and savings				48,965		18	0.14			48,767		15	0.13
		Certificates and other time deposits				25,010		39	0.64			21,935		42	0.75
		Foreign office deposits - interest-bearing				584		―	0.08			1,009		―	0.06
			Total interest-bearing deposits			92,965		60	0.26			90,326		60	0.27
	Short-term borrowings					2,962		1	0.16			4,321		1	0.11
	Long-term debt					22,206		133	2.38			22,432		138	2.49
		Total interest-bearing liabilities				118,133		194	0.66			117,079		199	0.69
	Noninterest-bearing deposits					36,634						35,392
	Other liabilities					6,422						6,662
	Shareholders' equity					23,876						23,264
	Total liabilities and shareholders' equity				$	185,065					$	182,397
	Average interest-rate spread								3.25						3.34
	Net interest income/ net interest margin						$	1,378	3.43	%			$	1,383	3.52	%
	Taxable-equivalent adjustment						$	35					$	36
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.
(4)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

13

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					December 31, 2013						September 30, 2013						June 30, 2013
					(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
	Securities, at amortized cost (3):
		U.S. Treasury			$	824	$	2	0.70	%	$	518	$	―	0.23	%	$	360	$	―	0.23	%
		U.S. government-sponsored entities (GSE)				5,596		29	2.10			5,358		28	2.06			4,872		25	2.01
		Mortgage-backed securities issued by GSE				27,020		142	2.11			27,050		135	2.01			27,803		138	1.97
		States and political subdivisions				1,834		27	5.82			1,835		27	5.79			1,836		26	5.81
		Non-agency mortgage-backed				268		4	5.87			277		4	5.75			289		4	5.57
		Other				475		2	1.42			463		2	1.44			466		1	1.51
		Covered				1,005		28	11.17			1,046		38	14.37			1,093		34	12.48
			Total securities			37,022		234	2.52			36,547		234	2.56			36,719		228	2.49
	Other earning assets					2,022		5	0.91			2,173		8	1.49			2,626		9	1.40
	Loans and leases:
		Commercial:
			Commercial and industrial			38,101		336	3.50			38,446		346	3.58			38,359		351	3.67
			CRE—income producing properties			10,031		91	3.60			9,907		92	3.68			9,864		92	3.75
			CRE—construction and development			2,433		23	3.84			2,459		24	3.92			2,668		26	3.82
		Direct retail lending				15,998		183	4.50			16,112		188	4.67			15,936		186	4.67
		Sales finance				9,262		69	2.95			8,992		69	3.06			8,520		69	3.25
		Revolving credit				2,357		51	8.64			2,308		50	8.60			2,268		48	8.48
		Residential mortgage				23,979		250	4.18			23,403		249	4.24			23,391		246	4.21
		Other lending subsidiaries				10,448		247	9.40			11,018		280	10.09			10,407		274	10.54
			Total loans and leases held for investment
				(excluding covered loans)		112,609		1,250	4.41			112,645		1,298	4.59			111,413		1,292	4.64
		Covered loans				2,186		89	16.28			2,502		106	16.78			2,858		121	16.95
			Total loans and leases held for investment			114,795		1,339	4.64			115,147		1,404	4.85			114,271		1,413	4.95
		Loans held for sale				2,206		23	4.19			3,118		30	3.73			3,581		30	3.42
			Total loans and leases			117,001		1,362	4.63			118,265		1,434	4.82			117,852		1,443	4.90
				Total earning assets		156,045		1,601	4.08			156,985		1,676	4.25			157,197		1,680	4.28
	Nonearning assets					23,489						24,036						25,311
	Total assets				$	179,534					$	181,021					$	182,508
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	18,969		3	0.07		$	18,826		4	0.07		$	19,276		3	0.08
		Money market and savings				49,298		16	0.12			48,676		15	0.12			48,140		15	0.13
		Certificates and other time deposits				21,580		45	0.83			25,562		53	0.83			28,034		60	0.84
		Foreign office deposits - interest-bearing				712		1	0.06			640		―	0.06			947		―	0.09
			Total interest-bearing deposits			90,559		65	0.28			93,704		72	0.31			96,397		78	0.32
	Short-term borrowings					3,865		1	0.14			4,637		2	0.13			5,118		2	0.18
	Long-term debt					20,756		138	2.64			19,447		148	3.05			18,287		148	3.23
		Total interest-bearing liabilities				115,180		204	0.70			117,788		222	0.75			119,802		228	0.76
	Noninterest-bearing deposits					35,347						34,244						33,586
	Other liabilities					6,702						6,850						7,331
	Shareholders' equity					22,305						22,139						21,789
	Total liabilities and shareholders' equity				$	179,534					$	181,021					$	182,508
	Average interest-rate spread								3.38						3.50						3.52
	Net interest income/ net interest margin						$	1,397	3.56	%			$	1,454	3.68	%			$	1,452	3.70	%
	Taxable-equivalent adjustment						$	35					$	37					$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.

14

BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)
					Year-to-Date
					June 30, 2014						June 30, 2013
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Securities, at amortized cost (3):
		U.S. Treasury			$	1,784	$	13	1.50	%	$	332	$	―	0.23	%
		U.S. government-sponsored entities (GSE)				5,603		58	2.08			4,547		46	2.00
		Mortgage-backed securities issued by GSE				29,484		296	2.01			28,169		275	1.95
		States and political subdivisions				1,832		53	5.78			1,837		53	5.80
		Non-agency mortgage-backed				255		9	7.32			294		8	5.57
		Other				470		4	1.51			472		3	1.46
		Covered				960		63	13.21			1,109		71	12.84
			Total securities			40,388		496	2.46			36,760		456	2.48
	Other earning assets					1,927		23	2.43			2,731		21	1.53
	Loans and leases:
		Commercial:
			Commercial and industrial			38,919		657	3.40			38,139		704	3.72
			Commercial real estate—income producing properties			10,338		181	3.54			9,863		186	3.79
			Commercial real estate—construction and development			2,511		45	3.60			2,733		52	3.85
		Direct retail lending (4)				8,503		179	4.26			15,847		370	4.70
		Sales finance				9,729		133	2.75			8,181		137	3.38
		Revolving credit				2,359		102	8.71			2,273		96	8.49
		Residential mortgage (4)				31,533		667	4.24			23,504		497	4.23
		Other lending subsidiaries				10,395		482	9.33			10,198		541	10.68
			Total loans and leases held for investment
				(excluding covered loans)		114,287		2,446	4.31			110,738		2,583	4.69
		Covered loans				1,806		159	17.74			2,995		256	17.23
			Total loans and leases held for investment			116,093		2,605	4.52			113,733		2,839	5.02
		Loans held for sale				1,354		30	4.33			3,686		61	3.35
			Total loans and leases			117,447		2,635	4.51			117,419		2,900	4.97
				Total earning assets		159,762		3,154	3.97			156,910		3,377	4.33
	Nonearning assets					23,977						25,352
	Total assets				$	183,739					$	182,262
Liabilities and Shareholders' Equity
	Interest-bearing deposits:
		Interest checking			$	18,510		6	0.07		$	19,720		8	0.09
		Money market and savings				48,866		33	0.14			48,285		33	0.14
		Certificates and other time deposits				23,481		81	0.69			28,481		123	0.87
		Foreign office deposits - interest-bearing				795		―	0.07			668		―	0.10
			Total interest-bearing deposits			91,652		120	0.26			97,154		164	0.34
	Short-term borrowings					3,638		2	0.13			4,670		4	0.18
	Long-term debt					22,318		271	2.44			18,488		298	3.23
		Total interest-bearing liabilities				117,608		393	0.67			120,312		466	0.78
	Noninterest-bearing deposits					36,017						33,055
	Other liabilities					6,543						7,342
	Shareholders' equity					23,571						21,553
	Total liabilities and shareholders' equity				$	183,739					$	182,262
	Average interest-rate spread								3.30						3.55
	Net interest income/ net interest margin						$	2,761	3.47	%			$	2,911	3.73	%
	Taxable-equivalent adjustment						$	71					$	74
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Excludes trading securities.
(4)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

15

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2014		2014		2013		2013		2013
Nonperforming assets (1)
	Nonaccrual loans and leases:
		Commercial:
			Commercial and industrial	$	298	$	334	$	363	$	415	$	457
			Commercial real estate—income producing properties		84		98		113		127		146
			Commercial real estate—construction and development		38		49		51		66		100
		Direct retail lending (2)			49		52		109		110		119
		Sales finance			5		4		5		5		5
		Residential mortgage (2)(3)			320		319		243		238		254
		Other lending subsidiaries (3)(4)			47		47		51		69		68
			Total nonaccrual loans and leases held for investment (4)		841		903		935		1,030		1,149
	Foreclosed real estate (5)				56		59		71		85		89
	Other foreclosed property				19		24		47		47		38
			Total nonperforming assets (excluding covered assets) (4)(5)	$	916	$	986	$	1,053	$	1,162	$	1,276
Performing troubled debt restructurings (TDRs) (6)
		Commercial:
			Commercial and industrial	$	86	$	76	$	77	$	74	$	59
			Commercial real estate—income producing properties		27		42		50		50		44
			Commercial real estate—construction and development		30		32		39		44		43
		Direct retail lending (2)			91		93		187		185		188
		Sales finance			18		19		17		18		17
		Revolving credit			46		47		48		51		53
		Residential mortgage—nonguaranteed (2)(3)(7)			814		836		785		720		726
		Residential mortgage—government guaranteed			438		391		379		383		367
		Other lending subsidiaries (3)(4)			141		132		126		200		183
			Total performing TDRs (4)	$	1,691	$	1,668	$	1,708	$	1,725	$	1,680
Loans 90 days or more past due and still accruing
		Commercial:
			Commercial and industrial	$	―	$	―	$	―	$	―	$	3
		Direct retail lending (2)			11		10		33		34		30
		Sales finance			3		4		5		5		5
		Revolving credit			8		9		10		11		13
		Residential mortgage—nonguaranteed (2)(7)			80		76		69		68		68
		Residential mortgage—government guaranteed (8)			255		307		297		268		246
		Other lending subsidiaries			―		4		5		4		4
			Total loans 90 days past due and still accruing (excluding covered loans) (7)(8)(9)	$	357	$	410	$	419	$	390	$	369
Loans 30-89 days past due
		Commercial:
			Commercial and industrial	$	21	$	26	$	35	$	27	$	32
			Commercial real estate—income producing properties		7		14		8		13		9
			Commercial real estate—construction and development		2		3		2		2		3
		Direct retail lending (2)			41		50		132		121		123
		Sales finance			49		45		56		46		47
		Revolving credit			20		21		23		22		20
		Residential mortgage—nonguaranteed (2)(3)(7)			516		491		463		424		465
		Residential mortgage—government guaranteed (10)			89		75		96		107		103
		Other lending subsidiaries (3)(4)			197		133		221		268		241
			Total loans 30-89 days past due (excluding covered loans) (4)(7)(10)(11)	$	942	$	858	$	1,036	$	1,030	$	1,043
(1)	Covered loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually past due are noted below.
(2)	During the first quarter of 2014, approximately $55 million of nonaccrual loans, $94 million of performing TDRs, $22 million of loans 90 days or more past due and $83 million of loans 30-89 days past due were transferred from direct retail lending to residential mortgage.
(3)	During the fourth quarter of 2013, approximately $16 million of nonaccrual loans, $66 million of performing TDRs and $40 million of loans 30-89 days past due were transferred from other lending subsidiaries to residential mortgage.
(4)	During the fourth quarter of 2013, approximately $9 million of nonaccrual loans, $24 million of performing TDRs and $26 million of loans 30-89 days past due were sold in connection with the sale of a consumer lending subsidiary.
(5)	Excludes covered foreclosed real estate totaling $56 million, $98 million, $121 million, $148 million and $181 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.
(6)	Excludes TDRs that are nonperforming totaling $192 million, $213 million, $193 million, $191 million, and $211 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively. These amounts are included in total nonperforming assets.
(7)	Includes residential mortgage loans held for sale as appropriate.
(8)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $423 million, $486 million, $511 million, $497 million and $492 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.
(9)	Excludes covered loans past due 90 days or more totaling $249 million, $258 million, $304 million, $364 million and $401 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.
(10)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $3 million, $2 million, $4 million, $5 million and $5 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.
(11)	Excludes covered loans past due 30-89 days totaling $84 million, $85 million, $88 million, $104 million and $102 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

16

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of/For the Quarter Ended
				June 30		March 31		Dec. 31		Sept. 30		June 30
				2014		2014		2013		2013		2013
Allowance for credit losses
	Beginning balance			$	1,722	$	1,821	$	1,930	$	1,982	$	2,031
	Provision for credit losses (excluding covered loans)				83		67		71		90		179
	Provision for covered loans				(9)		(7)		(11)		2		(11)
	Charge-offs:
		Commercial:
			Commercial and industrial		(40)		(33)		(45)		(42)		(70)
			Commercial real estate—income producing properties		(11)		(8)		(6)		(10)		(24)
			Commercial real estate—construction and development		(3)		(4)		(4)		(7)		(25)
		Direct retail lending (1)			(19)		(19)		(29)		(35)		(42)
		Sales finance			(4)		(7)		(7)		(5)		(5)
		Revolving credit			(18)		(18)		(22)		(22)		(20)
		Residential mortgage (1)			(21)		(21)		(17)		(15)		(16)
		Other lending subsidiaries			(47)		(85)		(60)		(66)		(61)
		Covered			(4)		(3)		(1)		(2)		(2)
			Total charge-offs		(167)		(198)		(191)		(204)		(265)
	Recoveries:
		Commercial:
			Commercial and industrial		10		9		13		17		10
			Commercial real estate—income producing properties		3		2		5		7		6
			Commercial real estate—construction and development		10		3		8		11		4
		Direct retail lending (1)			7		8		9		11		10
		Sales finance			2		3		2		3		2
		Revolving credit			5		5		4		3		5
		Residential mortgage (1)			―		1		1		―		1
		Other lending subsidiaries			9		8		7		8		10
			Total recoveries		46		39		49		60		48
	Net charge-offs				(121)		(159)		(142)		(144)		(217)
	Sale of subsidiary				―		―		(27)		―		―
	Ending balance			$	1,675	$	1,722	$	1,821	$	1,930	$	1,982
Allowance for credit losses
	Allowance for loan and lease losses (excluding covered loans)			$	1,499	$	1,538	$	1,618	$	1,712	$	1,775
	Allowance for covered loans				91		104		114		126		126
	Reserve for unfunded lending commitments				85		80		89		92		81
		Total		$	1,675	$	1,722	$	1,821	$	1,930	$	1,982
											As of/For the
											Six Months Ended
											June 30
											2014		2013
Allowance for credit losses
	Beginning balance									$	1,821	$	2,048
	Provision for credit losses (excluding covered loans)										150		426
	Provision for covered loans										(16)		14
	Charge-offs
		Commercial
			Commercial and industrial								(73)		(161)
			Commercial real estate—income producing properties								(19)		(58)
			Commercial real estate—construction and development								(7)		(47)
		Direct retail lending (1)									(38)		(84)
		Sales finance									(11)		(11)
		Revolving credit									(36)		(41)
		Residential mortgage (1)									(42)		(49)
		Other lending subsidiaries									(132)		(129)
		Covered									(7)		(16)
			Total charge-offs								(365)		(596)
	Recoveries
		Commercial
			Commercial and industrial								19		17
			Commercial real estate—income producing properties								5		9
			Commercial real estate—construction and development								13		11
		Direct retail lending (1)									15		18
		Sales finance									5		4
		Revolving credit									10		10
		Residential mortgage (1)									1		2
		Other lending subsidiaries									17		19
			Total recoveries								85		90
	Net charge-offs										(280)		(506)
	Ending balance									$	1,675	$	1,982
(1)	During the first quarter of 2014, $8.3 billion of loans were transferred from direct retail lending to residential mortgage.

17

BB&T Corporation
Credit Quality
			As of/For the Quarter Ended
			June 30		March 31		Dec. 31		Sept. 30		June 30
			2014		2014		2013		2013		2013
Asset Quality Ratios (including covered assets)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)	0.85	%	0.80	%	0.96	%	0.96	%	0.97	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)	0.50		0.57		0.62		0.64		0.65
	Nonperforming loans and leases as a
		percentage of total loans and leases	0.69		0.77		0.80		0.87		0.97
	Nonperforming assets as a percentage of:
		Total assets	0.52		0.59		0.64		0.72		0.79
		Loans and leases plus foreclosed property	0.80		0.92		1.00		1.10		1.23
	Net charge-offs as a percentage of average loans and leases		0.41		0.56		0.48		0.48		0.74
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.33		1.41		1.49		1.59		1.64
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	3.28	X	2.54	X	3.06	X	3.22	X	2.18	X
		Nonperforming loans and leases held for investment	1.89		1.82		1.85		1.78		1.66
Asset Quality Ratios (excluding covered assets) (2)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)	0.79	%	0.74	%	0.90	%	0.89	%	0.90	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)	0.30		0.35		0.36		0.33		0.32
	Nonperforming loans and leases as a
		percentage of total loans and leases	0.70		0.78		0.81		0.89		0.99
	Nonperforming assets as a percentage of:
		Total assets	0.49		0.54		0.58		0.65		0.71
		Loans and leases plus foreclosed property	0.76		0.85		0.91		1.00		1.10
	Net charge-offs as a percentage of average loans and leases		0.40		0.55		0.49		0.49		0.75
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.27		1.34		1.42		1.51		1.57
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	3.19	X	2.42	X	2.88	X	3.03	X	2.07	X
		Nonperforming loans and leases held for investment	1.78		1.70		1.73		1.66		1.55
									As of/For the
									Six Months Ended
									June 30
									2014		2013
Asset Quality Ratios
	Including covered loans:
		Net charge-offs as a percentage of average loans and leases							0.48	%	0.87	%
		Ratio of allowance for loan and lease losses to net charge-offs							2.81	X	1.87	X
	Excluding covered loans: (2)
		Net charge-offs as a percentage of average loans and leases							0.48	%	0.86	%
		Ratio of allowance for loan and lease losses to net charge-offs							2.72	X	1.80	X
Applicable ratios are annualized.
(1)	Excludes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans. The prior quarters have been revised to include government guaranteed mortgage loans consistent with the current presentation.
(2)	These asset quality ratios have been adjusted to remove the impact of covered loans and covered foreclosed property.  Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios.  Management believes the inclusion of covered assets in certain asset quality ratios that include nonperforming assets, past due loans or net charge-offs in the numerator or denominator results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by loss share accounting.

18

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)
			As of June 30, 2014
										Past Due 30-89						Past Due 90+
			Current Status							Days						Days								Total
Performing TDRs: (1)
	Commercial:
		Commercial and industrial	$	86		100.0		%		$	―		―		%	$		―		―		%		$	86
		Commercial real estate—income producing properties		27		100.0					―		―					―		―					27
		Commercial real estate—construction and development		30		100.0					―		―					―		―					30
	Direct retail lending			87		95.6					4		4.4					―		―					91
	Sales finance			17		94.4					1		5.6					―		―					18
	Revolving credit			40		86.9					5		10.9					1		2.2					46
	Residential mortgage—nonguaranteed			693		85.1					103		12.7					18		2.2					814
	Residential mortgage—government guaranteed			227		51.8					74		16.9					137		31.3					438
	Other lending subsidiaries			123		87.2					18		12.8					―		―					141
		Total performing TDRs		1,330		78.7					205		12.1					156		9.2					1,691
Nonperforming TDRs (2)				64		33.3					20		10.4					108		56.3					192
		Total TDRs	$	1,394		74.1				$	225		11.9			$		264		14.0				$	1,883
					Quarter Ended
					June 30				March 31					Dec. 31					Sept. 30				June 30
					2014				2014					2013					2013				2013
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial			0.30		%		0.26			%		0.33			%		0.26		%		0.63			%
		Commercial real estate—income producing properties			0.34				0.22					0.06					0.19				0.70
		Commercial real estate—construction and development			(0.96)				0.09					(0.49)					(0.75)				3.11
	Direct retail lending				0.61				0.49					0.50					0.61				0.79
	Sales finance				0.09				0.17					0.20					0.15				0.10
	Revolving credit				2.28				2.30					3.00					3.05				2.64
	Residential mortgage				0.24				0.27					0.27					0.24				0.27
	Other lending subsidiaries				1.43				3.04					2.01					2.05				1.98
	Covered				0.92				0.67					0.16					0.25				0.41
		Total loans and leases (3)			0.41				0.56					0.48					0.48				0.74
		Total loans and leases, excluding covered loans (3)			0.40				0.55					0.49					0.49				0.75
																			Year-to-date
																			June 30				June 30
																			2014				2013
Net charge-offs as a percentage of average loans and leases:
	Commercial:
		Commercial and industrial																	0.28		%		0.76			%
		Commercial real estate—income producing properties																	0.28				0.99
		Commercial real estate—construction and development																	(0.45)				2.61
	Direct retail lending																		0.54				0.83
	Sales finance																		0.13				0.15
	Revolving credit																		2.29				2.79
	Residential mortgage																		0.26				0.41
	Other lending subsidiaries																		2.22				2.19
	Covered																		0.79				1.12
		Total loans and leases (3)																	0.48				0.87
		Total loans and leases, excluding covered loans (3)																	0.48				0.86
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Nonperforming TDRs are included in nonaccrual loan disclosures.
(3)	Total loans and leases includes loans held for sale.

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BB&T Corporation
Preliminary Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
				As of / Quarter Ended
			June 30			March 31			Dec. 31			Sept. 30			June 30
			2014			2014			2013			2013			2013
Selected Capital Information
	Risk-based capital:
		Tier 1	$	16,984		$	16,699		$	16,074		$	15,606		$	15,397
		Total		20,270			20,154			19,514			19,255			19,193
	Risk-weighted assets (1)			141,436			137,947			136,489			138,302			138,265
	Average quarterly tangible assets			177,983			175,424			172,425			173,787			174,865
	Risk-based capital ratios:
		Tier 1		12.0	%		12.1	%		11.8	%		11.3	%		11.1	%
		Total		14.3			14.6			14.3			13.9			13.9
	Leverage capital ratio			9.5			9.5			9.3			9.0			8.8
	Equity as a percentage of total assets			12.7			12.8			12.5			12.2			12.0
	Common equity per common share		$	29.57		$	29.03		$	28.52		$	27.59		$	27.51
Selected non-GAAP Capital Information (2)
	Tangible common equity as a percentage of tangible assets			7.7	%		7.6	%		7.3	%		6.9	%		6.8	%
	Tier 1 common equity as a percentage of risk-weighted assets			10.2			10.2			9.9			9.4			9.3
	Tangible common equity per common share		$	19.26		$	18.77		$	18.08		$	17.06		$	16.92
Calculations of tangible common equity, Tier 1 common equity, tangible assets and related measures: (2)
Total shareholders' equity			$	23,965		$	23,556		$	22,809		$	22,094		$	21,996
Less:
	Preferred stock			2,603			2,603			2,603			2,603			2,603
	Noncontrolling interests			85			94			50			45			56
	Intangible assets			7,420			7,370			7,383			7,418			7,444
Tangible common equity			$	13,857		$	13,489		$	12,773		$	12,028		$	11,893
Add:
	Regulatory adjustments			524			607			698			975			901
Tier 1 common equity (Basel I)			$	14,381		$	14,096		$	13,471		$	13,003		$	12,794
Total assets			$	188,012		$	184,651		$	183,010		$	181,708		$	183,392
Less:
	Intangible assets			7,420			7,370			7,383			7,418			7,444
Tangible assets			$	180,592		$	177,281		$	175,627		$	174,290		$	175,948
Risk-weighted assets (1)			$	141,436		$	137,947		$	136,489		$	138,302		$	138,265
Tangible common equity as a percentage of tangible assets				7.7	%		7.6	%		7.3	%		6.9	%		6.8	%
Tier 1 common equity as a percentage of risk-weighted assets				10.2			10.2			9.9			9.4			9.3
Tangible common equity			$	13,857		$	13,489		$	12,773		$	12,028		$	11,893
Outstanding shares at end of period (in thousands)				719,584			718,497			706,620			704,925			702,995
Tangible common equity per common share			$	19.26		$	18.77		$	18.08		$	17.06		$	16.92
(1)	Risk-weighted assets are determined based on regulatory capital requirements.  Under the regulatory framework for determining risk-weighted assets each asset 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 sheet exposures are first converted to a balance sheet equivalent amount and subsequently assigned to one of the four risk-weightings.
(2)	Tangible common equity, Tier 1 common equity and related ratios are non-GAAP measures.  BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation.  These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.

20

BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)
														Favorable (Unfavorable)
Selected Items														Pre-Tax			After-Tax
Second Quarter 2014
	FHA-insured mortgage loan reserve adjustment			Other expense										$	(85)		$	(53)
	Mortgage loan indemnification reserve adjustment			Loan-related expense											(33)			(21)
	Income tax adjustment			Provision for income taxes											N/A			(14)
First Quarter 2014
	Reallocation of partnership profit rights			Noncontrolling interests											N/A			(16)
Fourth Quarter 2013
	Gain on sale of subsidiary			Other income											31			19
Third Quarter 2013
	Income tax adjustment			Provision for income taxes											N/A			(235)
	Owned real estate and related adjustments			Other expense											(11)			(7)
Second Quarter 2013
	None														N/A			N/A
First Quarter 2013
	Income tax adjustment			Provision for income taxes											N/A			(281)
				As of / Quarter Ended
				June 30				March 31			Dec. 31			Sept. 30			June 30
				2014				2014			2013			2013			2013
Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation:
		MSRs fair value increase (decrease)		$	(56)			$	(43)		$	52		$	22		$	101
		MSRs hedge gains (losses)			61				45			(48)			(17)			(86)
			Net	$	5			$	2		$	4		$	5		$	15
	Residential mortgage loan originations			$	4,710			$	3,804		$	5,344		$	8,327		$	9,260
	Residential mortgage servicing portfolio (1):
		Loans serviced for others			88,595				88,239			87,434			84,025			80,846
		Bank-owned loans serviced			34,154				33,703			33,722			35,618			34,925
			Total servicing portfolio		122,749				121,942			121,156			119,643			115,771
	Weighted-average coupon rate				4.23	%			4.23	%		4.24	%		4.24	%		4.32	%
	Weighted-average servicing fee				0.295				0.297			0.298			0.301			0.306
Selected Miscellaneous Information
	Derivatives notional amount			$	61,504			$	63,115		$	59,318		$	62,771		$	64,111
	Fair value of derivatives, net				55				(67)			(106)			(160)			(21)
	Accumulated other comprehensive income related to securities,
		net of tax (2)			(179)				(204)			(289)			(163)			(81)
	Common stock prices:
		High			40.95				41.04			37.42			36.59			34.37
		Low			36.38				36.28			32.65			33.30			29.18
		End of period			39.43				40.17			37.32			33.75			33.88
	Banking offices				1,844				1,824			1,825			1,824			1,851
	ATMs				2,992				2,946			2,935			2,941			2,885
	FTEs				33,411				33,765			33,696			33,677			33,869
(1)	Amounts reported are unpaid principal balance.
(2)	Includes the impact of the FDIC loss sharing agreements on the covered securities.

21

BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended
		June 30		March 31		Dec. 31		Sept. 30		June 30
Efficiency and Fee Income Ratios (1)		2014		2014		2013		2013		2013
Efficiency ratio - GAAP		67.1	%	61.2	%	61.1	%	62.4	%	59.9	%
	Effect of securities gains (losses), net	―		―		0.1		―		0.5
	Effect of merger-related and restructuring charges, net	(0.6)		(0.3)		(0.4)		(0.2)		(1.1)
	Effect of mortgage loan indemnification reserves	(1.4)		―		―		―		―
	Effect of gain on sale of subsidiary	―		―		0.8		―		―
	Effect of FDIC loss share accounting	(0.2)		(0.1)		(0.2)		―		(0.2)
	Effect of foreclosed property expense	(0.4)		(0.4)		(0.5)		(0.6)		(0.5)
	Effect of FHA-insured mortgage loan reserve adjustment	(3.7)		―		―		―		―
	Effect of owned real estate adjustments	―		―		―		(0.5)		―
	Effect of amortization of intangibles	(1.0)		(1.1)		(1.0)		(1.0)		(1.0)
Efficiency ratio - reported		59.8		59.3		59.9		60.1		57.6
Fee income ratio - GAAP		40.4	%	39.7	%	41.4	%	38.4	%	41.9	%
	Effect of securities gains (losses), net	―		―		(0.1)		―		(0.5)
	Effect of gain on sale of subsidiary	―		―		(0.8)		―		―
	Effect of FDIC loss share accounting	3.6		3.5		3.0		3.2		3.2
Fee income ratio - reported		44.0		43.2		43.5		41.6		44.6
								Year-to-Date June 30
								2014		2013
Efficiency ratio - GAAP								64.1	%	58.7	%
	Effect of securities gains (losses), net							―		0.5
	Effect of merger-related and restructuring charges, net							(0.4)		(0.6)
	Effect of mortgage loan indemnification reserves							(0.7)		―
	Effect of FDIC loss share accounting							(0.2)		0.1
	Effect of foreclosed property expense							(0.4)		(0.6)
	Effect of FHA-insured mortgage loan reserve adjustment							(1.8)		―
	Effect of amortization of intangibles							(1.0)		(1.1)
Efficiency ratio - reported								59.6		57.0
Fee income ratio - GAAP								40.0	%	41.3	%
	Effect of securities gains (losses), net							―		(0.5)
	Effect of FDIC loss share accounting							3.6		3.0
Fee income ratio - reported								43.6		43.8

			Quarter Ended
		June 30			March 31			Dec. 31			Sept. 30			June 30
Return on Average Tangible Common Shareholders' Equity (2)		2014			2014			2013			2013			2013
Net income available to common shareholders		$	425		$	501		$	537		$	268		$	547
Plus: Amortization of intangibles, net of tax			15			14			16			16			17
Tangible net income available to common shareholders		$	440		$	515		$	553		$	284		$	564
Average common shareholders' equity		$	21,193		$	20,610		$	19,657		$	19,491		$	19,293
Less: Average intangible assets			7,378			7,379			7,397			7,431			7,456
Average tangible common shareholders' equity		$	13,815		$	13,231		$	12,260		$	12,060		$	11,837
Return on average tangible common shareholders' equity			12.74	%		15.81	%		17.91	%		9.33	%		19.12	%
		June 30			March 31			Dec. 31			Sept. 30			June 30
Basel III Common Equity Tier 1 Ratio - Preliminary		2014			2014			2013			2013			2013
Tier 1 common equity under Basel 1		$	14,381		$	14,096		$	13,471		$	13,003		$	12,794
Adjustments			92			96			98			64			62
Common equity Tier 1 under Basel III definition		$	14,473		$	14,192		$	13,569		$	13,067		$	12,856
Estimated risk-weighted assets under Basel III definition		$	145,062		$	141,972		$	140,670		$	142,003		$	142,822
Basel III common equity Tier 1 ratio			10.0	%		10.0	%		9.7	%		9.2	%		9.0	%
															March 31
Net Charge-offs Excluding Impact of Nonprime Automobile Lending Process Change (Excluding Covered)															2014
Net charge-offs														$	156
Less: Impact of nonprime automobile lending process change															(23)
Net charge-offs, as adjusted														$	133
Average loans and leases														$	114,498
Net charge-offs as a percentage of average loans and leases, as adjusted (excluding covered)															0.47	%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

22

BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended June 30, 2014
Certain Performance Measures (1)		Reported		FHA-insured Reserve Adj.		Mortgage Indem. Reserve Adj.		Tax Adj.		Adjusted
Net income available to common shareholders		$	425	$	53	$	21	$	14	$	513
Weighted average number of diluted common shares			728,452		―		―		―		728,452
Diluted EPS		$	0.58							$	0.70
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance and believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.

23