Historical Stock Data on BB&T Corporation;
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Free Historical Stock Data on BB&T Corporation

Stock Symbol: BBT

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Business Description
BB&T Corporation is a financial holding company. BB&T conducts its business operations primarily through its banking subsidiaries, which have offices in North Carolina, South Carolina, Virginia, Maryland, Georgia, West Virginia, Tennessee, Kentucky, Alabama and the metropolitan Washington, D.C. area. The primary goal of the BB&T lending function is to help clients achieve their financial goals and secure their financial futures on terms that are fair to the clients and profitable to the Company. BB&T maintains a portion of its assets as investment securities. Deposits are the primary source of funds for lending and investing activities.

Financial Information
BB&T is a multi-bank holding Co. that conducts its operations in NC, SC, VA, MD, GA, WV, KY and Washington, D.C. For the six months ended 6/30/02, total interest income fell 12% to $2.20 billion. Net interest income after LLP rose 12% to $1.22 billion. Net income before account. change increased 33% to $627.8 million. Net interest income reflects lower interest earning assets, offset by decreased interest costs. Net income reflects higher agency insurance commissions.