Have you been eager to see how BB&T Corporation (BBT - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
In-Line Earnings
BB&T came out with adjusted earnings per share of 73 cents, which was in line with the Zacks Consensus Estimate.Â
A rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q4 has remained stable over the last 7 days.
Notably, BB&T has a decent earnings surprise history. Before posting in line earnings in Q4, the company delivered positive surprises in three of the prior four quarters.
BB&T Corp. Price and EPS Surprise
BB&T Corp. Price and EPS Surprise | BB&T Corp. Quote
Overall, on an average the company posted positive earnings surprise of 6.0% in the trailing four quarters.
Revenue at Par with Expectation
BB&T posted total revenues (taxable-equivalent) of $2.77 billion, almost at par with the Zacks Consensus Estimate. However, it came around 8% higher than the year-ago number.
Key Statistics to Note:
- Adjusted Efficiency ratio of 59.5%Â
- Average loans and leases held for investment were $142.3 billion as of Dec 31, 2016
- Average deposits were $160.1 billion as of Dec 31, 2016
- Dividend payout ratio of 41.0% as of Dec 31, 2016
- Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.0% as Dec 31, 2016