Truist Financial (TFC) 10-Q 9 Nov 09 2009 Q3 Quarterly report Financial data

Statement Of Financial Position

Statement Of Financial Position Unclassified - Deposit Based Operations (USD $)
In Millions, except Share data in Thousands	9 Months Ended Sep. 30, 2009	9 Months Ended Dec. 31, 2008
Assets
Cash and due from banks	$1,292	$1,639
Interest-bearing deposits with banks	579	751
Federal funds sold and securities purchased under resale agreements or similar arrangements	520	350
Segregated cash due from banks	286	379
Trading securities at fair value	686	376
Securities available for sale at fair value ($1,176 covered by FDIC loss share at September 30, 2009)	34,133	32,843
Loans held for sale ($3,083 and $1,396 at fair value at September 30, 2009 and December 31, 2008, respectively)	3,126	1,424
Loans and leases ($8,305 covered by FDIC loss share at September 30, 2009)	103,901	97,245
Allowance for loan and lease losses	(2,379)	(1,574)
Loans and leases, net of allowance for loan and lease losses	101,522	95,671
FDIC loss share receivable	3,336	0
Premises and equipment	1,591	1,580
Goodwill	6,183	5,483
Core deposit and other intangible assets	645	542
Residential mortgage servicing rights at fair value	639	370
Other assets ($182 of foreclosed property and other assets covered by FDIC loss share at September 30, 2009)	10,790	10,607
Total assets	165,328	152,015
Deposits:
Noninterest-bearing deposits	18,673	13,649
Interest checking	3,621	2,576
Other client deposits	48,878	39,413
Client certificates of deposit	32,553	27,937
Other interest-bearing deposits	10,785	15,038
Total deposits	114,510	98,613
Federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds	8,357	10,788
Long-term debt	21,317	18,032
Accounts payable and other liabilities	5,002	8,501
Total liabilities	149,186	135,934
Commitments and contingencies (Note 6)	-	-
Shareholders' equity:
Preferred stock, liquidation preference of $1,000,000 per share	0	3,082
Common stock, $5 par	3,437	2,796
Additional paid-in capital	5,563	3,510
Retained earnings	7,458	7,381
Accumulated other comprehensive loss, net of deferred income taxes of $(223) at September 30, 2009 and $(438) at December 31, 2008	(364)	(732)
Noncontrolling interest	48	44
Total shareholders' equity	16,142	16,081
Total liabilities and shareholders' equity	$165,328	$152,015
Common shares outstanding	687,446	559,248
Common shares authorized	1,000,000	1,000,000
Preferred shares outstanding	0	3
Preferred shares authorized	5,000	5,000

1_Statement Of Financial Positi

Statement Of Financial Position Unclassified - Deposit Based Operations (Parenthetical) (USD $)
In Millions, except Per Share data	Sep. 30, 2009	Dec. 31, 2008
Securities available for sale at fair value, covered by FDIC loss share	$1,176	$0
Loans held for sale, at fair value	3,083	1,396
Loans and leases, covered by FDIC loss share	8,305	0
Other assets, foreclosed property and other assets covered by FDIC loss share	182	0
Preferred stock, liquidation preference	$1,000,000	$1,000,000
Common stock, par	$5	$5
Accumulated other comprehensive loss, deferred income taxes	($223)	($438)

Statement Of Income Interest Ba

Statement Of Income Interest Based Revenue (USD $)
In Millions, except Share data in Thousands	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Interest Income
Interest and fees on loans and leases	$1,414	$1,499	$4,072	$4,595
Interest and dividends on securities	329	287	986	859
Interest on other earning assets	2	7	6	24
Total interest income	1,745	1,793	5,064	5,478
Interest Expense
Interest on deposits	311	449	977	1,468
Interest on federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds	11	48	51	195
Interest on long-term debt	186	208	515	642
Total interest expense	508	705	1,543	2,305
Net Interest Income	1,237	1,088	3,521	3,173
Provision for credit losses	709	364	2,086	917
Net Interest Income After Provision for Credit Losses	528	724	1,435	2,256
Noninterest Income
Insurance income	254	232	787	681
Service charges on deposits	180	176	504	502
Investment banking and brokerage fees and commissions	89	84	263	258
Mortgage banking income	144	83	516	199
Checkcard fees	59	52	165	151
Other nondeposit fees and commissions	59	47	165	140
Trust and investment advisory revenues	36	37	101	115
Bankcard fees and merchant discounts	41	38	115	113
Income from bank-owned life insurance	24	24	72	62
Other income	23	6	76	103
Securities gains (losses), net
Realized gains (losses), net	34	54	240	107
Other-than-temporary impairments	(3)	(41)	(117)	(41)
Less non-credit portion recognized in other comprehensive income	0	0	77	0
Total securities gains (losses), net	31	13	200	66
Total noninterest income	940	792	2,964	2,390
Noninterest Expense
Personnel expense	644	552	1,867	1,664
Occupancy and equipment expense	149	127	406	374
Professional services	68	55	185	140
Foreclosed property expense	118	22	214	52
Regulatory charges	44	8	183	17
Loan processing expenses	38	32	101	96
Amortization of intangibles	29	25	78	77
Merger-related and restructuring charges, net	18	5	29	11
Other expenses	212	179	507	468
Total noninterest expense	1,320	1,005	3,570	2,899
Earnings
Income before income taxes	148	511	829	1,747
Provision for income taxes	(9)	149	146	525
Net income	157	362	683	1,222
Noncontrolling interest	5	4	15	8
Dividends and accretion on preferred stock	0	0	124	0
Net income available to common shareholders	$152	$358	$544	$1,214
Earnings Per Common Share
Basic	0.23	0.65	0.89	2.22
Diluted	0.23	0.65	0.88	2.2
Cash dividends paid	0.15	0.47	1.09	1.39
Weighted Average Shares Outstanding
Basic	665,408	549,761	609,698	547,543
Diluted	672,457	553,544	615,307	551,144

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions, except Share data in Thousands		Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Total
Beginning Balance at Dec. 31, 2007		$0	$2,730	$3,087	$6,919	($104)	$32	$12,664
Beginning Balance at Dec. 31, 2007	545,955
Comprehensive income (loss):
Net income					1,214		8	1,222
Net change in other comprehensive income (loss)						(357)		(357)
Total comprehensive income (loss) (Note 10)					1,214	(357)	8	865
Common stock issued:
In purchase acquisitions	1,181
In purchase acquisitions			6	27				33
In connection with stock option exercises and other employee benefits, net of cancellations	1,857
In connection with stock option exercises and other employee benefits, net of cancellations			9	43				52
In connection with dividend reinvestment plan	813
In connection with dividend reinvestment plan			4	19				23
In connection with private placement to BB&T pension plan	2,458
In connection with private placement to BB&T pension plan			12	41				53
Cash dividends declared on common stock ($.77 per share in 2009 and $1.40 per share in 2008)					(768)			(768)
Cumulative effect of adoption of accounting principle					(8)			(8)
Equity-based compensation expense				61				61
Other, net	(5)
Other, net							5	5
Ending Balance at Sep. 30, 2008	552,259
Ending Balance at Sep. 30, 2008		0	2,761	3,278	7,357	(461)	45	12,980
Beginning Balance at Jun. 30, 2008		0
Common stock issued:
Ending Balance at Sep. 30, 2008		0
Beginning Balance at Dec. 31, 2008		3,082	2,796	3,510	7,381	(732)	44	16,081
Beginning Balance at Dec. 31, 2008	559,248
Comprehensive income (loss):
Net income					668		15	683
Net change in other comprehensive income (loss)						368		368
Total comprehensive income (loss) (Note 10)					668	368	15	1,051
Common stock issued:
In purchase acquisitions	96
In purchase acquisitions			1	1				2
In connection with stock option exercises and other employee benefits, net of cancellations	329
In connection with stock option exercises and other employee benefits, net of cancellations			2	2				4
In connection with dividend reinvestment plan	2,396
In connection with dividend reinvestment plan			12	39				51
In connection with 401(k) plan	665
In connection with 401(k) plan			3	13				16
In common stock offerings	124,712
In common stock offerings			623	2,014				2,637
Redemption of preferred stock and warrant		(3,134)		(67)				(3,201)
Cash dividends declared on common stock ($.77 per share in 2009 and $1.40 per share in 2008)					(467)			(467)
Cash dividends accrued on preferred stock					(73)			(73)
Equity-based compensation expense				50				50
Other, net		52		1	(51)		(11)	(9)
Ending Balance at Sep. 30, 2009	687,446
Ending Balance at Sep. 30, 2009		$0	$3,437	$5,563	$7,458	($364)	$48	$16,142

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (USD $)
	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash dividends declared on common stock, per share	0.77	1.4

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect Deposit Based Operations (USD $)
In Millions	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash Flows From Operating Activities:
Net income	$157	$362	$683	$1,222
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for credit losses	709	364	2,086	917
Depreciation			166	146
Amortization of intangibles	29	25	78	77
Equity-based compensation			50	61
Discount accretion and premium amortization on long-term debt, net			46	74
Gain on sales of securities, net	(31)	(13)	(200)	(66)
Net (increase) decrease in trading securities			(310)	461
Net increase in loans held for sale			(539)	(600)
Net decrease (increase) in other assets			255	(2,289)
Net (decrease) increase in accounts payable and other liabilities			(3,429)	513
Decrease (increase) in segregated cash due from banks			93	(99)
Other, net			154	17
Net cash (used in) provided by operating activities			(867)	434
Cash Flows From Investing Activities:
Proceeds from sales of securities available for sale			17,060	12,374
Proceeds from maturities, calls and paydowns of securities available for sale			6,087	3,774
Purchases of securities available for sale			(20,117)	(14,827)
Originations and purchases of loans and leases, net of principal collected			44	(5,360)
Net cash acquired (paid) in business combinations			4,478	(159)
Proceeds from disposals of premises and equipment			5	4
Purchases of premises and equipment			(128)	(152)
Proceeds from sales of foreclosed property or other real estate held for sale			253	106
Other, net			0	95
Net cash provided by (used in) investing activities			7,682	(4,145)
Cash Flows From Financing Activities:
Net (decrease) increase in deposits			(3,399)	1,626
Net decrease in federal funds purchased, securities sold under repurchase agreements and short-term borrowed funds			(2,506)	(559)
Proceeds from issuance of long-term debt			3,490	4,901
Repayment of long-term debt			(3,542)	(2,342)
Net proceeds from common stock issued			2,708	128
Retirement of preferred stock and warrant			(3,201)	0
Cash dividends paid on common stock			(624)	(760)
Cash dividends paid on preferred stock			(93)	0
Other, net			3	(8)
Net cash (used in) provided by financing activities			(7,164)	2,986
Net Decrease in Cash and Cash Equivalents			(349)	(725)
Cash and Cash Equivalents at Beginning of Period			2,740	3,117
Cash and Cash Equivalents at End of Period	2,391	2,392	2,391	2,392
Cash paid during the period for:
Interest			1,555	2,335
Income taxes			416	562
Noncash investing and financing activities:
Transfers of loans to foreclosed property			$1,160	$374

NOTE 1. Basis of Presentation

NOTE 1. Basis of Presentation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 1. Basis of Presentation	NOTE 1. Basis of Presentation General In the opinion of management, the accompanying unaudited Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Changes in Shareholders Equity, and Consolidated Statements of Cash Flows of BBT Corporation and subsidiaries (referred to herein as BBT, the Corporation or the Company), are fair statements of BBTs financial position at September30, 2009 and December31, 2008, BBTs results of operations for the three and nine month periods ended September30, 2009 and 2008, and BBTs changes in shareholders equity and cash flows for the nine month periods ended September30, 2009 and 2008. In the opinion of management, all normal recurring adjustments necessary for a fair statement of the consolidated financial position and consolidated results of operations have been made. Management has evaluated the effect subsequent events would have on the consolidated financial statements through the time these consolidated financial statements were filed with the Securities and Exchange Commission on November9, 2009. These consolidated financial statements and notes are presented in accordance with the instructions for Form 10-Q. The information contained in the financial statements and footnotes included in BBTs Annual Report on Form 10-K for the year ended December31, 2008 should be referred to in connection with these unaudited interim consolidated financial statements. Effective July1, 2009, the Financial Accounting Standards Board (FASB) issued new guidance relating to FASB Codification Topic 105-10: Generally Accepted Accounting Principles (Topic 105-10). The FASB CodificationTM is the single source of authoritative nongovernmental generally accepted accounting principles (GAAP) in the United States of America. Topic 105-10 is effective for financial statements that cover interim and annual periods ending after September15, 2009. Other than resolving certain minor inconsistencies in current GAAP, Topic 105-10 is not intended to change GAAP, but rather to make it easier to review and research GAAP applicable to a particular transaction or specific accounting issue. Nature of Operations BBT is a financial holding company headquartered in Winston-Salem, North Carolina. BBT conducts operations through its North Carolina chartered commercial bank subsidiary, Branch Banking and Trust Company (Branch Bank), a federally chartered thrift institution, BBT Financial, FSB (BBT FSB) and its nonbank subsidiaries. Branch Bank has offices in North Carolina, South Carolina, Virginia, West Virginia, Florida, Kentucky, Georgia, Maryland, Alabama, Tennessee, Texas, Nevada, Indiana and Washington, D.C. Branch Bank provides a wide range of banking services to individuals and businesses, and offers a variety of loans to businesses and consumers. Such loans are made primarily to individuals residing in the market areas described above or to businesses located within BBTs geographic footprint. Branch Bank also markets a wide range of deposit services to individuals and businesses. Branch Bank offers, either directly, or through its subsidiaries, lease financing to businesses and municipa

NOTE 2. Business Combinations

NOTE 2. Business Combinations
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 2. Business Combinations	NOTE 2. Business Combinations Acquisitions On August14, 2009, Branch Bank entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire certain assets and assume substantially all of the deposits and certain liabilities of Colonial Bank, an Alabama state-chartered bank headquartered in Montgomery, Alabama (Colonial Bank). Colonial Bank operated 357 locations in Florida, Alabama, Georgia, Texas and Nevada. Excluding the effects of purchase accounting adjustments, Branch Bank assumed approximately $19.2 billion of the deposits of Colonial Bank. Additionally, Branch Bank purchased approximately $14.3 billion in loans, $165 million of other real estate owned (OREO) and $3.7 billion of investment securities. In connection with the acquisition, Branch Bank also entered into loss sharing agreements with the FDIC. Approximately $14.3 billion of acquired loans and OREO and $1.1 billion of the purchased investment securities are covered by loss sharing agreements between the FDIC and Branch Bank. Pursuant to the terms of these loss sharing agreements, the FDICs obligation to reimburse Branch Bank for losses with respect to certain loans, OREO, certain investment securities and other assets (collectively, covered assets), begins with the first dollar of loss incurred. The terms of the loss sharing agreement with respect to certain non-agency mortgage-backed securities totaling $624 million provides that Branch Bank will be reimbursed by the FDIC for 95% of any and all losses. All other covered assets are subject to a stated threshold of $5.0 billion that provides for the FDIC to reimburse Branch Bank for (1)80% of losses incurred up to $5 billion and (2)95% of losses in excess of $5 billion. Gains and recoveries on covered assets will offset losses, or be paid to the FDIC, at the applicable loss share percentage at the time of recovery. The loss sharing agreement applicable to single family residential mortgage loans provides for FDIC loss sharing and Branch Bank reimbursement to the FDIC, in each case as described above, for ten years. The loss sharing agreement applicable to commercial loans and other covered assets provides for FDIC loss sharing for five years and Branch Bank reimbursement to the FDIC for gains and recoveries for a total of eight years, in each case as described above. The loss sharing agreements are subject to certain servicing procedures as specified in the agreements. The expected reimbursements under the loss sharing agreements were recorded as an indemnification asset at their estimated fair value of $3.3 billion on the acquisition date. On October15, 2019, BBT is required to pay the FDIC 55% of the excess, if any, of (i)$1 billion over (ii)the sum of (A)25% of the total net amounts paid to BBT under both of the loss sharing agreements (i.e., BBTs payments received from the FDIC for losses, offset by BBTs payments made to the FDIC for recoveries) plus (B)20% of the deemed total cost to BBT of administering the assets covered under the loss sharing agreements other than shared loss securities. The deemed total cost to BBT of administering the covered asset

NOTE 3. Securities

NOTE 3. Securities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 3. Securities	NOTE 3.Securities The amortized cost and approximate fair values of securities available for sale were as follows: September30, 2009 Amortized Cost Gross Unrealized Fair Value Gains Losses (Dollars in millions) Securities available for sale: U.S. government-sponsored entities (GSE) $ 2,643 $ 24 $ $ 2,667 Mortgage-backed securities issued by GSE 25,880 326 54 26,152 States and political subdivisions 2,238 99 128 2,209 Non-agency mortgage-backed securities 1,393 332 1,061 Equity and other securities 849 20 1 868 Covered securities 1,152 35 11 1,176 Total securities available for sale $ 34,155 $ 504 $ 526 $ 34,133 December 31, 2008 Amortized Cost Gross Unrealized Fair Value Gains Losses (Dollars in millions) Securities available for sale: U.S. government-sponsored entities (GSE) $ 1,320 $ 13 $ $ 1,333 Mortgage-backed securities issued by GSE 27,117 338 25 27,430 States and political subdivisions 2,413 8 344 2,077 Non-agency mortgage-backed securities 1,573 475 1,098 Equity and other securities 937 2 34 905 Total securities available for sale $ 33,360 $ 361 $ 878 $ 32,843 Covered securities include $861 million of non-agency mortgage-backed securities and $315 million of municipal securities acquired as part of the Colonial Bank transaction. All covered securities are covered by one of the FDIC loss share agreements as further discussed in Note 2 to these consolidated financial statements. At September30, 2009 and December31, 2008, securities with carrying value of approximately $15.2 billion and $16.1 billion were pledged to secure municipal deposits, securities sold under agreements to repurchase, other borrowings, and for other purposes as required or permitted by law. BBT had certain investments in marketable debt securities and mortgage-backed securities issued by Fannie Mae and Freddie Mac that exceeded ten percent of shareholders equity at September30, 2009. The Fannie Mae investments had total amortized cost and fair values of $17.7 billion and $17.9 billion, respectively at September30, 2009, while Freddie Mac investments had total amortized cost and fair values of $7.0 billion and $7.1 billion, respectively. At September30, 2009, non-agency mortgage-backed securities primarily consisted of residential mortgage-backed securities. Equity securities include investments in stock issued by the FHLB of Atlanta. At September30, 2009 and December31, 2008, BBT held $656 million and $479 million, respectively, of investments in FHLB stock. Proceeds from sales of securities available for sale during the first nine months of 2009 and 2008 were $17.1 billion and $12.4 billion, respectively. Gross gains of $241 million and gross losses of $1 million were rea

NOTE 4. Loans and Leases

NOTE 4. Loans and Leases
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 4. Loans and Leases	NOTE 4.Loans and Leases The following table provides a breakdown of BBTs loan portfolio as of September30, 2009 and December31, 2008: September30, 2009 December31, 2008 (Dollars in millions) Loans and leases, net of unearned income: Commercial loans and leases $ 49,591 $ 50,480 Sales finance 6,493 6,354 Revolving credit 1,929 1,777 Direct retail 14,482 15,454 Residential mortgage loans 15,463 17,091 Specialized lending 7,497 6,089 Other acquired loans 141 Total loans and leases held for investment (excluding covered loans) 95,596 97,245 Covered loans 8,305 Total loans and leases held for investment 103,901 97,245 Loans held for sale 3,126 1,424 Total loans and leases $ 107,027 $ 98,669 Covered loans represent loans acquired from the FDIC subject to one of the loss sharing agreements. Other acquired loans represent consumer loans acquired from the FDIC that are not subject to one of the loss sharing agreements. BBT evaluated purchased loans for impairment in accordance with the provisions of FASB Topic310-30: Loans and Debt Securities Acquired with Deteriorated Credit Quality (Topic310-30). Purchased loans with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered impaired. The following table reflects the carrying value of all purchased impaired and nonimpaired loans as of September30, 2009: Purchased Impaired Loans Purchased Nonimpaired Loans Total (Dollars in millions) Residential mortgage loans $ 819 $ 899 $ 1,718 Commercial real estate loans 2,653 2,780 5,433 Commercial loans 93 1,061 1,154 Total covered loans 3,565 4,740 8,305 Other acquired loans 17 124 141 Total $ 3,582 $ 4,864 $ 8,446 As of August14, 2009, the preliminary estimate of the contractually required payments receivable for all purchased impaired loans acquired in the Colonial Bank transaction, including those covered and not covered under loss sharing agreements with the FDIC, were $8.0 billion, the cash flows expected to be collected were $4.4 billion including interest, and the estimated fair value of the loans was $3.6 billion. These amounts were determined based upon the estimated remaining life of the underlying loans, which includes the effects of estimated prepayments. At September30, 2009, none of these loans were classified as nonperforming assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all purchased impaired loans. There was no allowance for credit losses related to the purchased impaired loans at September30, 2009. Because of the short time period between the execution of the Purchase and Assumption Agreement and Septemb

NOTE 5. Long-Term Debt

NOTE 5. Long-Term Debt
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 5. Long-Term Debt	NOTE 5. Long-Term Debt Long-term debt is summarized as follows: September30, 2009 December31, 2008 (Dollars in millions) Parent Company 3.10% Senior Notes Due 2011 $ 250 $ 3.85% Senior Notes Due 2012 1,000 3.38% Senior Notes Due 2013 499 5.70% Senior Notes Due 2014 509 6.85% Senior Notes Due 2019 538 6.50% Subordinated Notes Due 2011 (1) 610 648 4.75% Subordinated Notes Due 2012 (1) 489 497 5.20% Subordinated Notes Due 2015 (1,3) 932 997 4.90% Subordinated Notes Due 2017 (1,3) 335 368 5.25% Subordinated Notes Due 2019 (1,3) 586 600 Branch Bank Floating Rate Senior Notes Due 2009 516 Floating Rate Subordinated Notes Due 2016 (1,8) 350 350 Floating Rate Subordinated Notes Due 2017 (1,8) 261 300 4.875% Subordinated Notes Due 2013 (1) 222 250 5.625% Subordinated Notes Due 2016 (1,3) 386 399 Federal Home Loan Bank Advances to Branch Bank (4) Varying maturities to 2028 10,711 9,838 Junior Subordinated Debt to Unconsolidated Trusts (2) 5.85% BBT Capital Trust I Securities Due 2035 514 514 6.75% BBT Capital Trust II Securities Due 2036 598 598 6.82% BBT Capital Trust IV Securities Due 2077(5) 600 600 8.95% BBT Capital Trust V Securities Due 2068 (6) 450 450 9.60% BBT Capital Trust VI Securities Due 2069 575 Other Securities (7) 182 182 Other Long-Term Debt 74 66 Fair value hedge-related basis adjustments 646 859 Total Long-Term Debt $ 21,317 $ 18,032 (1) Subordinated notes that qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations. (2) Securities that qualify under the risk-based capital guidelines as Tier 1 capital, subject to certain limitations. (3) These fixed rate notes were swapped to floating rates based on LIBOR. At September30, 2009, the effective rates paid on these borrowings ranged from .42% to .98%. (4) At September30, 2009, $800 million of these advances were swapped to a floating rate based on LIBOR. The weighted average cost of these advances was 3.36% including the effect of the swapped portion, and the weighted average maturity was 7.2 years. (5) These securities are fixed rate through June12, 2037 and then switch to a floating rate based on LIBOR. (6) $360 million of this issuance was swapped to a floating rate based on LIBOR. At September30, 2009 the effective rate on the swapped portion was 3.67%. (7) These securities were issued by companies acquired by BBT. At September30, 2009, the effective rate paid on these borrowings ranged from 2.00% to 10.07%. These securities have varying maturities through 2035. (8) These floating-rate securities are based on LIBOR and had an effective rate of .66% as of September30, 2009. In July 2009, BBT Capital Trust VI (BBTCT VI) issued $575 mill

NOTE 6. Contractual Obligations

NOTE 6. Contractual Obligations, Commitments, Contingent Liabilities, and Off-Balance Sheet Arrangements
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 6. Contractual Obligations, Commitments, Contingent Liabilities, and Off-Balance Sheet Arrangements	NOTE 6. Contractual Obligations, Commitments, Contingent Liabilities, and Off-Balance Sheet Arrangements BBT utilizes a variety of financial instruments to meet the financing needs of clients and reduce exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees, and derivatives. BBT also has commitments to fund certain affordable housing investments and contingent liabilities of certain sold loans. Standby letters of credit and financial guarantees written are unconditional commitments issued by BBT to guarantee the performance of a customer to a third party. These guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper issuance, bond financing and similar transactions. The credit risk involved in the issuance of these guarantees is essentially the same as that involved in extending loans to clients and as such, the instruments are collateralized when necessary. As of September30, 2009 and December31, 2008, BBT had issued standby letters of credit totaling $8.0 billion and $5.9 billion, respectively. The carrying amount of the liability for such guarantees was $34 million and $20 million at September30, 2009 and December31, 2008, respectively. A derivative is a financial instrument that derives its cash flows, and therefore its value, by reference to an underlying instrument, index or referenced interest rate. These instruments include interest-rate swaps, swaptions, caps, floors, collars, financial forward and futures contracts, when-issued securities, foreign exchange contracts and options written and purchased. BBT uses derivatives primarily to manage risk related to securities, business loans, Federal Funds purchased, other overnight funding, long-term debt, mortgage servicing rights, mortgage banking operations and certificates of deposit. BBT also uses derivatives to facilitate transactions on behalf of its clients. BBT held a variety of derivative financial instruments with notional values of $69.6 billion and $74.2 billion at September30, 2009 and December31, 2008, respectively. These instruments were in a net gain position of $382 million and $626 million at September30, 2009 and December31, 2008, respectively. BBT invests in certain affordable housing and historic building rehabilitation projects throughout its market area as a means of supporting local communities and receives tax credits related to these investments. BBT typically acts as a limited partner in these investments and does not exert control over the operating or financial policies of the partnerships. Branch Bank typically provides financing during the construction and development of the properties; however, permanent financing is generally obtained from independent third parties upon completion of a project. As of September30, 2009 and December31, 2008, BBT had investments of $1.1 billion and $891 million, respectively, related to these projects, which are included in other assets on the Consolidated Balance Sheets. BBTs outstanding commitments to fund affordable housing investments totaled $410

NOTE 7. Intangible Assets

NOTE 7. Intangible Assets
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 7. Intangible Assets	NOTE 7. Intangible Assets As a result of the acquisition of certain assets and liabilities of Colonial from the FDIC, BBT recorded goodwill and a core deposit intangible asset totaling $690 million and $176 million, respectively, at August14, 2009. The core deposit intangible asset will be amortized over ten years based upon the total economic benefits received. Estimated amortization expense of the core deposit intangible asset for each of the next five years totals $46 million, $30 million, $24 million, $18 million and $15 million. The goodwill arising from the Colonial transaction reflects the increased market share and related synergies that are expected to result. The amount of goodwill is the residual difference in the fair value of the net liability assumed and the payment from the FDIC for assuming this net liability. The changes in the carrying amount of goodwill attributable to each of BBTs operating segments for the nine months ended September30, 2009, are as follows: Goodwill Activity by Operating Segment Banking Network Residential Mortgage Banking Sales Finance Specialized Lending Insurance Services Financial Services All Other Total (Dollars in millions) Balance, January1, 2009 $ 4,038 $ 7 $ 93 $ 98 $ 1,029 $ 192 $ 26 $ 5,483 Acquisitions 690 9 699 Contingent consideration 2 2 Other adjustments (2 ) 2 (1 ) (1 ) Balance, September30, 2009 $ 4,726 $ 7 $ 93 $ 109 $ 1,030 $ 192 $ 26 $ 6,183 The following table presents the gross carrying amounts and accumulated amortization for BBTs identifiable intangible assets subject to amortization at the dates presented: Identifiable Intangible Assets As of September30, 2009 As of December31, 2008 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Dollars in millions) Identifiable intangible assets Core deposit intangibles $ 633 $ (355 ) $ 278 $ 457 $ (325 ) $ 132 Other (1) 724 (357 ) 367 719 (309 ) 410 Totals $ 1,357 $ (712 ) $ 645 $ 1,176 $ (634 ) $ 542 (1) Other identifiable intangibles are primarily customer relationship intangibles.

NOTE 8. Benefit Plans

NOTE 8. Benefit Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 8. Benefit Plans	NOTE 8. Benefit Plans BBT provides various benefit plans to substantially all employees, including employees of acquired entities. Employees of acquired entities generally participate in existing BBT plans after consummation of the business combinations. The plans of acquired institutions are typically merged into the BBT plans after consummation of the mergers, and, under these circumstances, credit is usually given to these employees for years of service at the acquired institution for vesting and eligibility purposes. The Colonial transaction, as an asset purchase, was handled differently from typical mergers. The retirement plans of Colonial were not assumed by BBT, and as such, were not merged into the BBT plans. Credit for years of service with Colonial, where given, was determined on a plan-by-plan basis with regard to the participation of former Colonial employees in BBTs plans. Please refer to BBTs Annual Report on Form 10-K for the year ended December31, 2008 for descriptions and disclosures about the various benefit plans offered by BBT. The following table summarizes the components of net periodic benefit cost recognized for BBTs pension plans for the three and nine month periods ended September30, 2009 and 2008, respectively: Pension Plans Qualified Nonqualified For the ThreeMonthsEnded September30, For the ThreeMonthsEnded September30, 2009 2008 2009 2008 (Dollars in millions) Service cost $ 17 $ 16 $ 1 $ 1 Interest cost 20 18 3 3 Estimated return on plan assets (36 ) (36 ) Amortization and other 13 (1 ) Net periodic benefit cost $ 14 $ (3 ) $ 4 $ 4 Pension Plans Qualified Nonqualified For the NineMonthsEnded September 30, For the NineMonthsEnded September 30, 2009 2008 2009 2008 (Dollars in millions) Service cost $ 55 $ 51 $ 3 $ 3 Interest cost 58 54 7 7 Estimated return on plan assets (107 ) (104 ) Amortization and other 41 (3 ) 1 1 Net periodic benefit cost $ 47 $ (2 ) $ 11 $ 11 BBT makes contributions to the qualified pension plan in amounts between the minimum required for funding standard accounts and the maximum amount deductible for federal income tax purposes. Discretionary contributions of $50 million and $422 million were made to the qualified pension plan in the third and first quarters of 2009, respectively. A discretionary contribution of $83 million was made to the qualified pension plan in the third quarter of 2008. Management currently has no plans to make any additional contributions to the qualified pension plan in 2009; however, management may elect to make additional contributions during 2009 if deemed appropriate.

NOTE 9. Computation of Earnings

NOTE 9. Computation of Earnings Per Common Share
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 9. Computation of Earnings Per Common Share	NOTE 9. Computation of Earnings Per Common Share BBTs basic and diluted earnings per common share amounts for the three and nine month periods ended September30, 2009 and 2008, respectively, were calculated as follows: For the Three Months Ended September30, For the Nine Months Ended September30, 2009 2008 2009 2008 (Dollars in millions, except per share data, shares in thousands) Basic Earnings Per Common Share: Net income available to common shareholders $ 152 $ 358 $ 544 $ 1,214 Weighted average number of common shares 665,408 549,761 609,698 547,543 Basic earnings per common share $ .23 $ .65 $ .89 $ 2.22 Diluted Earnings Per Common Share: Net income available to common shareholders $ 152 $ 358 $ 544 $ 1,214 Weighted average number of common shares 665,408 549,761 609,698 547,543 Effect of dilutive outstanding equity-based awards 7,049 3,783 5,609 3,601 Weighted average number of diluted common shares 672,457 553,544 615,307 551,144 Diluted earnings per common share $ .23 $ .65 $ .88 $ 2.20 For the three months ended September30, 2009 and 2008, the number of anti-dilutive awards was 37.9million and 35.1million shares, respectively. For the nine months ended September30, 2009 and 2008, the number of anti-dilutive awards was 38.9million and 32.7million shares, respectively.

NOTE 10. Comprehensive Income

NOTE 10. Comprehensive Income (Loss)
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 10. Comprehensive Income (Loss)	NOTE 10. Comprehensive Income (Loss) The balances in accumulated other comprehensive loss for the periods indicated are shown in the following tables: As of September30, 2009 As of December31, 2008 Pre-Tax Amount Deferred TaxExpense (Benefit) After-Tax Amount Pre-Tax Amount Deferred TaxExpense (Benefit) After-Tax Amount (Dollars in millions) Unrecognized net pension and postretirement costs $ (689 ) $ (261 ) $ (428 ) $ (720 ) $ (273 ) $ (447 ) Unrealized net gains on cash flow hedges 152 58 94 76 28 48 Unrealized net losses on securities available for sale (22 ) (8 ) (14 ) (517 ) (193 ) (324 ) FDICs share of unrealized net gains on securities available for sale under the loss share agreements(1) (19 ) (7 ) (12 ) Foreign currency translation adjustment (9 ) (5 ) (4 ) (9 ) (9 ) Total $ (587 ) $ (223 ) $ (364 ) $ (1,170 ) $ (438 ) $ (732 ) (1) Approximately $1.2 billion of securities available for sale are covered by loss sharing agreements with the FDIC as discussed in Note 2 to these consolidated financial statements. The securities covered by the loss share agreements reflected a net unrealized pretax gain of $24 million as of September 30, 2009. The FDICs share of this net unrealized pretax gain, upon sale, is $19 million and has been recorded as a reduction in other comprehensive income. As of September30, 2009, unrealized net losses on securities available for sale included $61 million of pre-tax losses related to other-than-temporarily impaired securities. The following tables reflect the components of total comprehensive income for the three and nine month periods ended September30, 2009 and 2008, respectively. For the Three Months Ended September30, 2009 September30, 2008 Pre-Tax TaxEffect After-Tax Pre-Tax TaxEffect After-Tax (Dollars in millions) Comprehensive income: Net income $ 148 $ (9 ) $ 157 $ 511 $ 149 $ 362 Other comprehensive income: Unrealized net holding gains (losses) arising during the period on securities available for sale 626 237 389 (184 ) (68 ) (116 ) Reclassification adjustment for losses (gains) on securities available for sale included in net income (31 ) (12 ) (19 ) (13 ) (5 ) (8 ) Net change in amounts attributable to the FDIC under the loss share (19 ) (7 ) (12 ) Net change in unrecognized gains (losses) on cash flow hedges 4 2 2 (6 ) (6 ) Net change in foreign currency translation adjustment 1 (3 ) 4 (1 ) (1 ) Net change in pension and postretirement liability

NOTE 11. Equity-Based Compensat

NOTE 11. Equity-Based Compensation Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 11. Equity-Based Compensation Plans	NOTE 11. Equity-Based Compensation Plans BBT has options, restricted shares of common stock and restricted share units outstanding from the following equity-based compensation plans: the 2004 Stock Incentive Plan (2004 Plan), the 1995 Omnibus Stock Incentive Plan, the Non-Employee Directors Stock Option Plan, and plans assumed from acquired entities. All plans generally allow for accelerated vesting of awards for holders who retire and have met all retirement eligibility requirements and in connection with certain other events. BBTs shareholders have approved all equity-based compensation plans with the exception of plans assumed from acquired companies. As of September30, 2009, the 2004 Plan is the only plan that has awards available for future grants. Please refer to BBTs Annual Report on Form 10-K for the year ended December31, 2008 for further disclosures related to equity-based awards issued by BBT. BBT measures the fair value of each option award on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants awarded during the first nine months of 2009 and 2008. Substantially all of BBTs option awards are granted in February of each year. Therefore, the assumptions noted below are weighted accordingly. 2009 2008 Assumptions: Risk-free interest rate 3.1 % 3.7 % Dividend yield 6.0 4.5 Volatility factor 29.1 15.5 Expected life 7.1 yrs 6.9 yrs Fair value of options per share $ 2.59 $ 3.43 BBT measures the fair value of restricted shares based on the price of BBTs common stock on the grant date and the fair value of restricted share units based on the price of BBTs common stock on the grant date less the present value of expected dividends that are foregone during the vesting period. The following table details the activity during the first nine months of 2009 related to stock options awarded by BBT: FortheNineMonthsEnded September 30, 2009 Options Wtd.Avg. Exercise Price Outstanding at beginning of period 41,837,504 $ 36.55 Granted 2,832,038 16.89 Exercised (218,469 ) 27.60 Forfeited or expired (1,587,428 ) 35.47 Outstanding at end of period 42,863,645 35.36 Exercisable at end of period 30,078,604 36.25 The following table details the activity during the first nine months of 2009 related to restricted shares and restricted share units awarded by BBT: FortheNineMonthsEnded September 30, 2009 Shares/Units Wtd.Avg. GrantDate Fair Value Nonvested at beginning of period 6,259,349 $ 29.15 Granted 5,002,692 7.46 Vested (171,325 ) 27.39 Forfeited (153,848 ) 21.76 Nonvested at end of period 10,936,868 19.36

NOTE 12. Fair Value Disclosures

NOTE 12. Fair Value Disclosures
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 12. Fair Value Disclosures	NOTE 12. Fair Value Disclosures BBT carries various assets and liabilities at fair value based on applicable accounting standards. In addition, BBT has elected to account for prime residential mortgage and commercial mortgage loans held for sale at fair value in accordance with FASB Topic 825: The Fair Value Option for Financial Assets and Liabilities (Topic 825 or the Fair Value Option). Topic 820 established a framework for measuring fair value and defines fair value as the exchange price that would be received on the measurement date to sell an asset or the price paid to transfer a liability in the principal or most advantageous market available to the entity in an orderly transaction between market participants. Topic 820 also established a three level fair value hierarchy that describes the inputs that are used to measure assets and liabilities. Level 1 Level 1 asset and liability fair values are based on quoted prices in active markets for identical assets and liabilities. Level 1 assets and liabilities include certain equity securities and derivative contracts that are traded in an active market. Level 2 Level 2 asset and liability fair values are based on observable inputs that include: quoted market prices for similar assets or liabilities; quoted market prices that are not in an active market; or other inputs that are observable in the market and can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities and mortgage-backed securities that are held in the Corporations trading and available-for-sale portfolios, loans held for sale, certain derivative contracts and short-term borrowings. Level 3 Level 3 assets and liabilities are financial instruments whose value is calculated by the use of pricing models and/or discounted cash flow methodologies, as well as financial instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. Level 3 assets and liabilities include certain trading securities, obligations of state and political subdivisions, non-agency mortgage-backed securities, covered securities, mortgage servicing rights, venture capital investments and certain derivative contracts. Assets and liabilities measured at fair value on a recurring basis, including financial instruments for which BBT has elected the Fair Value Option in accordance with Topic 825 are summarized below: FairValueMeasurementsforAssetsandLiabilities Measured on a Recurring Basis 9/30/2009 Level 1 Level 2 Level 3 (Dollars in Millions) Assets: Trading securities $ 686 $ 233 $ 440 $ 13 Securities available for sale: U.S. government-sponsored entities (GSE) 2,667 2,667 Mortgage-backed securities issued by GSE 26,152 26,152 States and political subdivisions 2,209 1,983 226 Non-agency mortgage-back

NOTE 13. Derivative Financial I

NOTE 13. Derivative Financial Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 13. Derivative Financial Instruments	NOTE 13. Derivative Financial Instruments BBT uses a variety of derivative instruments to manage interest rate and foreign exchange risks. These instruments consist of interest-rate swaps, swaptions, caps, floors, collars, financial forward and futures contracts, when-issued securities, foreign exchange contracts and options written and purchased. A derivative is a financial instrument that derives its cash flows, and therefore its value, by reference to an underlying instrument, index or referenced interest rate. There are five areas of risk management: balance sheet management, mortgage banking operations, mortgage servicing rights, net investment in a foreign subsidiary and client-related and other risk management activities. The following tables set forth certain information concerning BBTs derivative financial instruments and related hedged items at September30, 2009: Derivative Classifications and Hedging Relationships September30, 2009 Hedged Item or Transaction Notional Amount Fair Value Gain(1) Loss(1) (Dollars in millions) Derivatives Designated as Cash Flow Hedges: Interest rate contracts: Receive fixed swaps First forecasted interest receipts on commercial loans $ 2,000 $ 33 $ (3 ) Pay fixed swaps First forecasted interest payments on 3month LIBOR funding 2,600 10 (31 ) Caps First forecasted interest payments on 3month LIBOR funding 442 Total 5,042 43 (34 ) Derivatives Designated as Net Investment Hedges: Foreign exchange contracts 73 (1 ) Derivatives Designated as Fair Value Hedges: Interest rate contracts: Receive fixed swaps Individual fixed rate long-term debt issuances 3,429 288 (3 ) Receive fixed swaps Long-term CDs 328 5 Pay fixed swaps Individual fixed rate municipal securities classified as available for sale 354 (83 ) Total 4,111 293 (86 ) Derivatives Not Designated as Hedges: Client-related and other risk management Interest rate contracts Receive fixed swaps 11,320 509 (14 ) Pay fixed swaps 10,681 14 (471 ) Other swaps 7,719 4 (3 ) Option trades 917 Swaptions 540 29 (28 ) Futures contracts 1,117 Collars 122 5 (5 ) Forward rate agreements 900 Foreign exchange contracts 362 7 (6 ) Mortgage Banking Interest rate contracts Receive fixed swaps 33 1 Interest rate lock commitments 3,085 27 Forward commitments 3,771 1 (42 ) Swaptions 200 13 Option trades 909 (20 ) TBA/Wh

NOTE 14. Operating Segments

NOTE 14. Operating Segments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 14. Operating Segments	NOTE 14. Operating Segments BBTs operations are divided into seven reportable business segments: the Banking Network, Residential Mortgage Banking, Sales Finance, Specialized Lending, Insurance Services, Financial Services and Treasury. These operating segments have been identified based on BBTs organizational structure. The segments require unique technology and marketing strategies and offer different products and services. While BBT is managed as an integrated organization, individual executive managers are held accountable for the operations of these business segments. BBT emphasizes revenue growth by focusing on client service, sales effectiveness and relationship management. The segment results contained herein are presented based on internal management accounting policies that were designed to support these strategic objectives. Unlike financial accounting, there is no comprehensive authoritative body of guidance for management accounting equivalent to generally accepted accounting principles. The performance of the segments is not comparable with BBTs consolidated results or with similar information presented by any other financial institution. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. During the third quarter of 2009, BBT further refined its allocation of the economic provision for credit losses. This change was retroactively applied to January 2009 and primarily impacted the Residential Mortgage Banking and Sales Finance segments, which were allocated provision expense adjustments of approximately $21 million and $(24 million), respectively, related to the first half of 2009. The majority of the assets and liabilities, and the related income and expense of the former Colonial Bank since the acquisition date on August14, 2009 were recorded in the Parent/Reconciling segment. Please refer to BBTs Annual Report on Form 10-K for the year ended December31, 2008 for a description of internal accounting policies and the basis of segmentation, including a description of the segments presented in the accompanying tables. The following tables disclose selected financial information with respect to BBTs reportable business segments for the periods indicated: BBT Corporation Reportable Segments For the Three Months Ended September30, 2009 and 2008 Banking Network Residential Mortgage Banking Sales Finance SpecializedLending Insurance Services 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 (Dollars in millions) Net interest income (expense) $ 460 $ 534 $ 263 $ 284 $ 106 $ 102 $ 212 $ 179 $ 1 $ 3 Net funds transfer pricing (FTP) 473 286 (175 ) (208 ) (73 ) (72 ) (55 ) (51 ) (1 ) (1 ) Net interest income (expense) and FTP 933 820 88 76 33 30 1

NOTE 15. Loan Servicing

NOTE 15. Loan Servicing
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
NOTE 15. Loan Servicing	NOTE 15.Loan Servicing BBT has two classes of mortgage servicing rights for which it separately manages the economic risks: residential and commercial. Commercial mortgage servicing rights are recorded as other assets on the Consolidated Balance Sheets at lower of cost or market and amortized in proportion to and over the estimated period that net servicing income is expected to be received based on projections of the amount and timing of estimated future net cash flows. Residential mortgage servicing rights are recorded on the Consolidated Balance Sheets at fair value with changes in fair value recorded as a component of mortgage banking income in the Consolidated Statements of Income for each period. BBT uses various derivative instruments to mitigate the income statement effect of changes in fair value, which arise as a result of changes in valuation inputs and assumptions, of its residential mortgage servicing rights. The following is an analysis of the activity in BBTs residential mortgage servicing rights for the nine month periods ended September30, 2009 and 2008: ResidentialMortgageServicingRights For the Nine MonthsEnded September30, 2009 2008 (Dollarsinmillions) Carrying value, January1, $ 370 $ 472 Additions 331 168 Increase (decrease) in fair value: Due to changes in valuation inputs or assumptions 32 27 Other changes (1) (94 ) (66 ) Carrying value, September30, $ 639 $ 601 (1) Represents the realization of expected net servicing cash flows, expected borrower payments and the passage of time. BBT uses assumptions and estimates in determining the fair value of capitalized mortgage servicing rights. These assumptions include prepayment speeds, servicing costs and Option Adjusted Spread (OAS) commensurate with the risks involved and comparable to assumptions used by market participants to value and bid servicing rights available for sale in the market. At September30, 2009, the weighted average life was 4.0 years, the prepayment speed was 19.9% and the OAS was 3.6%. The unpaid principal balances of BBTs total residential mortgage servicing portfolio were $69.8 billion and $59.7 billion at September30, 2009 and December31, 2008, respectively. The unpaid principal balances of residential mortgage loans serviced for others consist primarily of agency conforming fixed-rate mortgage loans and totaled $52.1 billion and $40.7 billion at September30, 2009 and December31, 2008, respectively. Mortgage loans serviced for others are not included in loans on the accompanying Consolidated Balance Sheets. BBT recognized servicing fees of $135 million and $105 million during the first nine months of 2009 and 2008, respectively, as a component of mortgage banking income. At September30, 2009 and 2008, the approximate weighted average servicing fee was .37% of the outstanding balance of the residential mortgage loans. The weighted average coupon interest rate on the portfolio of mortgage loans serviced for others was 5.62% and 6.01% at September30, 2009 and 2008, respectively.

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 31, 2009
Entity [Text Block]
Trading Symbol	BBT
Entity Registrant Name	BB&T CORP
Entity Central Index Key	0000092230
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		687,617,017