BB&T Corporation (NYSE: BBT) was out with fourth-quarter numbers Thursday.
The company, based out of Winston-Salem, North Carolina, said net income available to common shareholders was $754 million. Earnings per diluted common share were $0.97 for the fourth quarter of 2018, down from $1.01 last quarter.
Excluding merger-related and restructuring charges of $76 million ($59 million after-tax), net income available to common shareholders was $813 million, or $1.05 per diluted share, up from $1.03 last quarter.
Net income available to common shareholders was $789 million ($1.01 per diluted share) for the third quarter of 2018 and $614 million ($0.77 per diluted share) for the fourth quarter of 2017.
CEO Kelly King said, "We are pleased to report record taxable-equivalent revenues of $3.0 billion and strong fourth-quarter and record full-year earnings, while we continue to make significant investments in our digital platform to enhance our clients' experiences.
"Our diversified businesses continue to perform well, as evidenced by quarterly record revenues of $487 million from insurance income and $139 million from investment banking income."
Earnings per diluted common share were $0.97, down $0.04 compared to third quarter of 2018. Diluted earnings per share was $1.05, excluding merger-related and restructuring charges
BB&T boasts a status as one of the largest financial services holding companies in the U.S. with $225.7 billion in assets and market capitalization of approximately $33.1 billion as of December 31, 2018.
Shares early Thursday were down 49 cents, or 1%, to $47.05
