BB&T Corp. (BBT) Reports Lower Earnings

Regional Bank BB&T Corp. (NYSE: BBT) beat the market expectations despite the dip in earnings.

Regional Bank BB&T Corp reported an EPS of $0.27 for Q4Y09, which is down from $0.51 for the same time period last year. The market consensus for EPS stood at $0.21. It reported a net income of $877 million for the full year. The bank stated that it recorded 29% growth in its deposits during Q4.

Talking with CNBC, Regional Bank BB&T Corp’s CEO & Chairman Kelly King proclaimed his support for the re-appointment of Fed Chief Ben Bernanke. The bank has been ranked as the 3rd largest bank in the Charlotte region.