Operating Segments

9 Months Ended

Sep. 30, 2013

Operating Segments

Operating Segments

NOTE 16. Operating Segments

The following tables disclose selected financial information with respect to reportable segments for the periods indicated:
BB&T Corporation
Reportable Segments
Three Months Ended September 30, 2013 and 2012
		Community				Residential				Dealer				Specialized
		Banking				Mortgage Banking				Financial Services				Lending
		2013		2012		2013		2012		2013		2012		2013		2012
		(Dollars in millions)
Net interest income (expense)		$	537	$	525	$	291	$	286	$	210	$	214	$	181	$	181
Net intersegment interest income (expense)			262		315		(184)		(193)		(40)		(48)		(34)		(33)
Segment net interest income			799		840		107		93		170		166		147		148
Allocated provision for loan and lease losses			45		92		(28)		23		47		43		1		62
Noninterest income			311		281		96		190		1		1		60		58
Intersegment net referral fees (expense)			37		49		(1)		―		―		―		―		―
Noninterest expense			411		427		89		111		28		24		72		67
Amortization of intangibles			9		8		―		―		―		1		1		1
Allocated corporate expenses			257		256		17		14		7		8		17		20
Income (loss) before income taxes			425		387		124		135		89		91		116		56
Provision (benefit) for income taxes			157		142		47		51		34		35		33		9
Segment net income (loss)		$	268	$	245	$	77	$	84	$	55	$	56	$	83	$	47
Identifiable segment assets (period end)		$	62,904	$	61,294	$	28,766	$	28,615	$	11,503	$	10,316	$	18,143	$	18,650
										Other, Treasury				Total BB&T
		Insurance Services				Financial Services				and Corporate (1)				Corporation
		2013		2012		2013		2012		2013		2012		2013		2012
		(Dollars in millions)
Net interest income (expense)		$	―	$	1	$	38	$	33	$	160	$	243	$	1,417	$	1,483
Net intersegment interest income (expense)			2		1		73		86		(79)		(128)		―		―
Segment net interest income			2		2		111		119		81		115		1,417		1,483
Allocated provision for loan and lease losses			―		―		(2)		13		29		11		92		244
Noninterest income			357		334		179		184		(99)		(85)		905		963
Intersegment net referral fees (expense)			―		―		8		7		(44)		(56)		―		―
Noninterest expense			286		272		150		153		409		444		1,445		1,498
Amortization of intangibles			15		18		1		―		―		3		26		31
Allocated corporate expenses			23		20		25		26		(346)		(344)		―		―
Income (loss) before income taxes			35		26		124		118		(154)		(140)		759		673
Provision (benefit) for income taxes			13		10		47		45		119		(115)		450		177
Segment net income (loss)		$	22	$	16	$	77	$	73	$	(273)	$	(25)	$	309	$	496
Identifiable segment assets (period end)		$	2,876	$	3,090	$	11,487	$	9,088	$	45,371	$	50,968	$	181,050	$	182,021
(1)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

BB&T Corporation
Reportable Segments
Nine Months Ended September 30, 2013 and 2012
		Community				Residential				Dealer				Specialized
		Banking				Mortgage Banking				Financial Services				Lending
		2013		2012		2013		2012		2013		2012		2013		2012
			(Dollars in millions)
Net interest income (expense)		$	1,593	$	1,547	$	884	$	850	$	625	$	634	$	533	$	522
Net intersegment interest income (expense)			829		981		(560)		(574)		(120)		(152)		(96)		(108)
Segment net interest income			2,422		2,528		324		276		505		482		437		414
Allocated provision for loan and lease losses			237		535		18		39		156		97		79		111
Noninterest income			889		828		408		547		4		5		170		163
Intersegment net referral fees (expense)			131		134		(1)		(1)		―		―		―		―
Noninterest expense			1,288		1,359		247		288		82		74		200		190
Amortization of intangibles			28		27		―		―		―		1		4		4
Allocated corporate expenses			773		768		50		41		22		27		49		58
Income (loss) before income taxes			1,116		801		416		454		249		288		275		214
Provision (benefit) for income taxes			410		291		158		172		95		110		71		43
Segment net income (loss)		$	706	$	510	$	258	$	282	$	154	$	178	$	204	$	171
Identifiable segment assets (period end)		$	62,904	$	61,294	$	28,766	$	28,615	$	11,503	$	10,316	$	18,143	$	18,650
										Other, Treasury				Total BB&T
		Insurance Services				Financial Services				and Corporate (1)				Corporation
		2013		2012		2013		2012		2013		2012		2013		2012
		(Dollars in millions)
Net interest income (expense)		$	2	$	2	$	112	$	96	$	505	$	730	$	4,254	$	4,381
Net intersegment interest income (expense)			5		3		227		250		(285)		(400)		―		―
Segment net interest income			7		5		339		346		220		330		4,254		4,381
Allocated provision for loan and lease losses			―		―		21		21		21		2		532		805
Noninterest income			1,150		997		538		532		(207)		(272)		2,952		2,800
Intersegment net referral fees (expense)			―		―		27		19		(157)		(152)		―		―
Noninterest expense			866		744		457		479		1,161		1,124		4,301		4,258
Amortization of intangibles			46		45		2		2		―		3		80		82
Allocated corporate expenses			68		59		75		71		(1,037)		(1,024)		―		―
Income (loss) before income taxes			177		154		349		324		(289)		(199)		2,293		2,036
Provision (benefit) for income taxes			59		49		131		122		228		(230)		1,152		557
Segment net income (loss)		$	118	$	105	$	218	$	202	$	(517)	$	31	$	1,141	$	1,479
Identifiable segment assets (period end)		$	2,876	$	3,090	$	11,487	$	9,088	$	45,371	$	50,968	$	181,050	$	182,021
(1)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.