BB&T Corp. (BBT) reported a rise in third-quarter net income available to common shareholders to $469 million, or $0.66 per share, from $366 million, or $0.52 per share, reported in the 2011 third quarter. On average, 35 analysts polled by Thomson Reuters expected earnings per share of $0.71 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly earnings were reduced by merger-related charges associated with the acquisition of BankAtlantic totaling $43 million pretax, or $0.04 per share, the company added.
Total revenues were $2.5 billion for the quarter, up from $2.14 billion a year before. The increase in total revenues included $66 million of higher taxable-equivalent net interest income, which was primarily driven by a 28.7% decline in funding costs from the same quarter of the prior year. Analysts estimated revenues of $2.45 billion for the third quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.