Quarterly Performance Summary

BB&T Corporation

Second Quarter 2018

Table of Contents
Quarterly Performance Summary
BB&T Corporation
	Page
Financial Highlights	1
Financial Highlights - Five Quarter Trend	2
Consolidated Statements of Income	3
Consolidated Statements of Income - Five Quarter Trend	4
Segment Financial Performance - Five Quarter Trend	5
Consolidated Ending Balance Sheets - Five Quarter Trend	6
Average Balance Sheets	7
Average Balance Sheets - Five Quarter Trend	8
Average Balances and Rates - Quarters	9
Average Balances and Rates - Year-To-Date	11
Credit Quality	12
Capital Information - Five Quarter Trend	15
Selected Items, Selected Mortgage Banking Information & Additional Information	16
Non-GAAP Reconciliations	17

Financial Highlights
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)	Quarter Ended								Year-to-Date
	June 30						%		June 30						%
	2018			2017			Change		2018			2017			Change
Summary Income Statement
Interest income	$	2,016		$	1,864		8.2	%	$	3,960		$	3,679		7.6	%
Interest expense	337			189			78.3		625			355			76.1
Net interest income - taxable equivalent	1,679			1,675			0.2		3,335			3,324			0.3
Less: Taxable-equivalent adjustment	22			40			(45.0	)	45			80			(43.8	)
Net interest income	1,657			1,635			1.3		3,290			3,244			1.4
Provision for credit losses	135			135			—		285			283			0.7
Net interest income after provision for credit losses	1,522			1,500			1.5		3,005			2,961			1.5
Noninterest income	1,222			1,220			0.2		2,402			2,391			0.5
Noninterest expense	1,720			1,742			(1.3	)	3,406			3,844			(11.4	)
Income before income taxes	1,024			978			4.7		2,001			1,508			32.7
Provision for income taxes	202			304			(33.6	)	388			408			(4.9	)
Net income	822			674			22.0		1,613			1,100			46.6
Noncontrolling interests	3			(1		)	NM		6			4			50.0
Preferred stock dividends	44			44			—		87			87			—
Net income available to common shareholders	775			631			22.8		1,520			1,009			50.6
Per Common Share Data
Earnings per share-basic	$	1.00		$	0.78		28.2	%	$	1.95		$	1.25		56.0	%
Earnings per share-diluted	0.99			0.77			28.6		1.93			1.23			56.9
Cash dividends declared	0.375			0.300			25.0		0.75			0.60			25.0
Common equity	34.51			33.73			2.3		34.51			33.73			2.3
Tangible common equity (1)	21.26			20.86			1.9		21.26			20.86			1.9
End of period shares outstanding	774,447			808,093			(4.2	)	774,447			808,093			(4.2	)
Weighted average shares outstanding-basic	775,836			808,980			(4.1	)	777,716			809,439			(3.9	)
Weighted average shares outstanding-diluted	785,750			819,389			(4.1	)	788,362			821,072			(4.0	)
Performance Ratios
Return on average assets	1.49		%	1.22		%			1.47		%	1.01		%
Return on average risk-weighted assets	1.85			1.53					1.83			1.26
Return on average common shareholders' equity	11.74			9.30					11.59			7.53
Return on average tangible common shareholders' equity (2)	19.78			15.60					19.57			12.85
Net interest margin - taxable equivalent	3.45			3.47					3.45			3.47
Fee income ratio	42.5			42.7					42.2			42.4
Efficiency ratio-GAAP	59.7			61.0					59.8			68.2
Efficiency ratio-adjusted (2)	57.4			58.6					57.4			58.3
Credit Quality
Nonperforming assets as a percentage of:
Assets	0.28		%	0.31		%			0.28		%	0.31		%
Loans and leases plus foreclosed property	0.43			0.48					0.43			0.48
Net charge-offs as a percentage of average loans and leases	0.30			0.37					0.36			0.40
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.05			1.03					1.05			1.03
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.74x			2.43x					2.74x			2.43x
Average Balances
Assets	$	221,344		$	221,018		0.1	%	$	221,381		$	220,493		0.4	%
Securities (3)	47,145			45,410			3.8		47,756			45,010			6.1
Loans and leases	145,752			144,327			1.0		144,834			144,014			0.6
Deposits	157,676			160,263			(1.6	)	157,409			160,820			(2.1	)
Common shareholders' equity	26,483			27,208			(2.7	)	26,455			27,008			(2.0	)
Shareholders' equity	29,585			30,302			(2.4	)	29,556			30,104			(1.8	)
Period-End Balances
Assets	$	222,681		$	221,192		0.7	%	$	222,681		$	221,192		0.7	%
Securities (3)	45,668			45,283			0.9		45,668			45,283			0.9
Loans and leases	147,798			145,116			1.8		147,798			145,116			1.8
Deposits	159,475			156,968			1.6		159,475			156,968			1.6
Common shareholders' equity	26,727			27,254			(1.9	)	26,727			27,254			(1.9	)
Shareholders' equity	29,832			30,349			(1.7	)	29,832			30,349			(1.7	)
Capital Ratios (current quarter is preliminary)
Risk-based:
Common equity Tier 1	10.2		%	10.3		%			10.2		%	10.3		%
Tier 1	11.9			12.1					11.9			12.1
Total	13.9			14.1					13.9			14.1
Leverage	10.0			10.1					10.0			10.1
Applicable ratios are annualized.
NM - not meaningful
(1) Represents a non-GAAP measure. See the calculations and management's reasons for using this measure in the Preliminary Capital Information - Five Quarter Trend section of this supplement.
(2) Represents a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3) Includes AFS and HTM securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

1

Financial Highlights - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Summary Income Statement
Interest income	$	2,016		$	1,944		$	1,936		$	1,918		$	1,864
Interest expense	337			288			254			230			189
Net interest income - taxable equivalent	1,679			1,656			1,682			1,688			1,675
Less: Taxable-equivalent adjustment	22			23			38			41			40
Net interest income	1,657			1,633			1,644			1,647			1,635
Provision for credit losses	135			150			138			126			135
Net interest income after provision for credit losses	1,522			1,483			1,506			1,521			1,500
Noninterest income	1,222			1,180			1,225			1,166			1,220
Noninterest expense	1,720			1,686			1,855			1,745			1,742
Income before income taxes	1,024			977			876			942			978
Provision for income taxes	202			186			209			294			304
Net income	822			791			667			648			674
Noncontrolling interests	3			3			9			8			(1		)
Preferred stock dividends	44			43			44			43			44
Net income available to common shareholders	775			745			614			597			631
Per Common Share Data
Earnings per share-basic	$	1.00		$	0.96		$	0.78		$	0.75		$	0.78
Earnings per share-diluted	0.99			0.94			0.77			0.74			0.77
Cash dividends declared	0.375			0.375			0.330			0.330			0.300
Common equity	34.51			34.06			34.01			33.92			33.73
Tangible common equity (1)	21.26			20.86			20.80			20.78			20.86
End of period shares outstanding	774,447			779,752			782,006			788,921			808,093
Weighted average shares outstanding-basic	775,836			779,617			783,764			794,558			808,980
Weighted average shares outstanding-diluted	785,750			791,005			795,867			806,124			819,389
Performance Ratios
Return on average assets	1.49		%	1.45		%	1.19		%	1.16		%	1.22		%
Return on average risk-weighted assets	1.85			1.81			1.50			1.45			1.53
Return on average common shareholders' equity	11.74			11.43			9.10			8.82			9.30
Return on average tangible common shareholders' equity (2)	19.78			19.36			15.35			14.89			15.60
Net interest margin - taxable equivalent	3.45			3.44			3.43			3.48			3.47
Fee income ratio	42.5			41.9			42.7			41.4			42.7
Efficiency ratio-GAAP	59.7			60.0			64.7			62.0			61.0
Efficiency ratio-adjusted (2)	57.4			57.3			57.2			58.3			58.6
Credit Quality
Nonperforming assets as a percentage of:
Assets	0.28		%	0.30		%	0.28		%	0.31		%	0.31		%
Loans and leases plus foreclosed property	0.43			0.47			0.44			0.48			0.48
Net charge-offs as a percentage of average loans and leases	0.30			0.41			0.36			0.35			0.37
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.05			1.05			1.04			1.04			1.03
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	2.74x			2.49x			2.62x			2.44x			2.43x
Average Balances
Assets	$	221,344		$	221,419		$	222,525		$	220,732		$	221,018
Securities (3)	47,145			48,374			48,093			45,968			45,410
Loans and leases	145,752			143,906			144,089			144,181			144,327
Deposits	157,676			157,138			157,959			157,414			160,263
Common shareholders' equity	26,483			26,428			26,759			26,857			27,208
Shareholders' equity	29,585			29,528			29,853			29,948			30,302
Period-End Balances
Assets	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192
Securities (3)	45,668			47,407			47,574			46,631			45,283
Loans and leases	147,798			144,206			144,800			144,011			145,116
Deposits	159,475			158,196			157,371			156,135			156,968
Common shareholders' equity	26,727			26,559			26,595			26,757			27,254
Shareholders' equity	29,832			29,662			29,695			29,853			30,349
Capital Ratios (current quarter is preliminary)
Risk-based:
Common equity Tier 1	10.2		%	10.2		%	10.2		%	10.2		%	10.3		%
Tier 1	11.9			12.0			11.9			11.9			12.1
Total	13.9			14.0			13.9			14.0			14.1
Leverage	10.0			9.9			9.9			9.9			10.1
Applicable ratios are annualized.
(1) Represents a non-GAAP measure. See the calculations and management's reasons for using this measure in the Preliminary Capital Information - Five Quarter Trend section of this supplement.
(2) Represents a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3) Includes AFS and HTM securities. Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

2

Consolidated Statements of Income
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended										Year-to-Date
	June 30					Change					June 30				Change
	2018		2017			$			%		2018		2017		$			%
Interest Income
Interest and fees on loans and leases	$	1,687	$	1,540		$	147		9.5	%	$	3,292	$	3,041	$	251		8.3	%
Interest and dividends on securities	294		272			22			8.1		585		530		55			10.4
Interest on other earning assets	13		12			1			8.3		38		28		10			35.7
Total interest income	1,994		1,824			170			9.3		3,915		3,599		316			8.8
Interest Expense
Interest on deposits	148		80			68			85.0		266		149		117			78.5
Interest on short-term borrowings	23		5			18			NM		43		7		36			NM
Interest on long-term debt	166		104			62			59.6		316		199		117			58.8
Total interest expense	337		189			148			78.3		625		355		270			76.1
Net Interest Income	1,657		1,635			22			1.3		3,290		3,244		46			1.4
Provision for credit losses	135		135			—			—		285		283		2			0.7
Net Interest Income After Provision for Credit Losses	1,522		1,500			22			1.5		3,005		2,961		44			1.5
Noninterest Income
Insurance income	481		481			—			—		917		939		(22		)	(2.3	)
Service charges on deposits	179		176			3			1.7		344		344		—			—
Mortgage banking income	94		94			—			—		193		197		(4		)	(2.0	)
Investment banking and brokerage fees and commissions	109		105			4			3.8		222		196		26			13.3
Trust and investment advisory revenues	72		70			2			2.9		144		138		6			4.3
Bankcard fees and merchant discounts	72		75			(3		)	(4.0	)	141		134		7			5.2
Checkcard fees	57		54			3			5.6		109		105		4			3.8
Operating lease income	36		37			(1		)	(2.7	)	73		73		—			—
Income from bank-owned life insurance	30		32			(2		)	(6.3	)	61		61		—			—
Securities gains (losses), net	1		—			1			NM		1		—		1			NM
Other income	91		96			(5		)	(5.2	)	197		204		(7		)	(3.4	)
Total noninterest income	1,222		1,220			2			0.2		2,402		2,391		11			0.5
Noninterest Expense
Personnel expense	1,074		1,068			6			0.6		2,113		2,103		10			0.5
Occupancy and equipment expense	187		198			(11		)	(5.6	)	381		391		(10		)	(2.6	)
Software expense	67		57			10			17.5		132		115		17			14.8
Outside IT services	32		39			(7		)	(17.9	)	64		88		(24		)	(27.3	)
Regulatory charges	39		36			3			8.3		79		75		4			5.3
Amortization of intangibles	31		36			(5		)	(13.9	)	64		74		(10		)	(13.5	)
Loan-related expense	26		36			(10		)	(27.8	)	55		66		(11		)	(16.7	)
Professional services	32		38			(6		)	(15.8	)	62		60		2			3.3
Merger-related and restructuring charges, net	24		10			14			140.0		52		46		6			13.0
Loss (gain) on early extinguishment of debt	—		—			—			—		—		392		(392		)	(100.0	)
Other expense	208		224			(16		)	(7.1	)	404		434		(30		)	(6.9	)
Total noninterest expense	1,720		1,742			(22		)	(1.3	)	3,406		3,844		(438		)	(11.4	)
Earnings
Income before income taxes	1,024		978			46			4.7		2,001		1,508		493			32.7
Provision for income taxes	202		304			(102		)	(33.6	)	388		408		(20		)	(4.9	)
Net income	822		674			148			22.0		1,613		1,100		513			46.6
Noncontrolling interests	3		(1		)	4			NM		6		4		2			50.0
Preferred stock dividends	44		44			—			—		87		87		—			—
Net income available to common shareholders	$	775	$	631		$	144		22.8	%	$	1,520	$	1,009	$	511		50.6	%
Earnings Per Common Share
Basic	$	1.00	$	0.78		$	0.22		28.2	%	$	1.95	$	1.25	$	0.70		56.0	%
Diluted	0.99		0.77			0.22			28.6		1.93		1.23		0.70			56.9
Weighted Average Shares Outstanding
Basic	775,836		808,980			(33,144		)	(4.1	)	777,716		809,439		(31,723)			(3.9	)
Diluted	785,750		819,389			(33,639		)	(4.1	)	788,362		821,072		(32,710)			(4.0	)
New pension accounting guidance was adopted in 1Q18 such that only service cost is included in personnel expense with the other pension expense elements included in other expense. Prior periods have been retrospectively adjusted to conform to the new presentation and total noninterest expense was not affected.
NM - not meaningful

3

Consolidated Statements of Income - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	Quarter Ended
	June 30		March 31		Dec. 31			Sept. 30		June 30
	2018		2018		2017			2017		2017
Interest Income
Interest and fees on loans and leases	$	1,687	$	1,605	$	1,598		$	1,591	$	1,540
Interest and dividends on securities	294		291		286			276		272
Interest on other earning assets	13		25		14			10		12
Total interest income	1,994		1,921		1,898			1,877		1,824
Interest Expense
Interest on deposits	148		118		104			91		80
Interest on short-term borrowings	23		20		19			15		5
Interest on long-term debt	166		150		131			124		104
Total interest expense	337		288		254			230		189
Net Interest Income	1,657		1,633		1,644			1,647		1,635
Provision for credit losses	135		150		138			126		135
Net Interest Income After Provision for Credit Losses	1,522		1,483		1,506			1,521		1,500
Noninterest Income
Insurance income	481		436		418			397		481
Service charges on deposits	179		165		183			179		176
Mortgage banking income	94		99		104			114		94
Investment banking and brokerage fees and commissions	109		113		111			103		105
Trust and investment advisory revenues	72		72		72			68		70
Bankcard fees and merchant discounts	72		69		67			70		75
Checkcard fees	57		52		55			54		54
Operating lease income	36		37		37			36		37
Income from bank-owned life insurance	30		31		33			28		32
Securities gains (losses), net	1		—		(1		)	—		—
Other income	91		106		146			117		96
Total noninterest income	1,222		1,180		1,225			1,166		1,220
Noninterest Expense
Personnel expense	1,074		1,039		1,072			1,051		1,068
Occupancy and equipment expense	187		194		195			198		198
Software expense	67		65		65			62		57
Outside IT services	32		32		38			34		39
Regulatory charges	39		40		38			40		36
Amortization of intangibles	31		33		34			34		36
Loan-related expense	26		29		32			32		36
Professional services	32		30		36			27		38
Merger-related and restructuring charges, net	24		28		22			47		10
Loss (gain) on early extinguishment of debt	—		—		—			—		—
Other expense	208		196		323			220		224
Total noninterest expense	1,720		1,686		1,855			1,745		1,742
Earnings
Income before income taxes	1,024		977		876			942		978
Provision for income taxes	202		186		209			294		304
Net income	822		791		667			648		674
Noncontrolling interests	3		3		9			8		(1		)
Preferred stock dividends	44		43		44			43		44
Net income available to common shareholders	$	775	$	745	$	614		$	597	$	631
Earnings Per Common Share
Basic	$	1.00	$	0.96	$	0.78		$	0.75	$	0.78
Diluted	0.99		0.94		0.77			0.74		0.77
Weighted Average Shares Outstanding
Basic	775,836		779,617		783,764			794,558		808,980
Diluted	785,750		791,005		795,867			806,124		819,389
New pension accounting guidance was adopted in 1Q18 such that only service cost is included in personnel expense with the other pension expense elements included in other expense. Prior periods have been retrospectively adjusted to conform to the new presentation and total noninterest expense was not affected.

4

Segment Financial Performance - Preliminary
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Community Banking Retail and Consumer Finance
Net interest income (expense)	$	853		$	837		$	857		$	863		$	853
Net intersegment interest income (expense)	70			49			38			38			39
Segment net interest income	923			886			895			901			892
Allocated provision for credit losses	110			122			138			116			118
Noninterest income	354			339			358			362			353
Noninterest expense	667			673			695			675			682
Income (loss) before income taxes	500			430			420			472			445
Provision (benefit) for income taxes	123			106			157			176			166
Segment net income (loss)	$	377		$	324		$	263		$	296		$	279
Community Banking Commercial
Net interest income (expense)	$	491		$	464		$	453		$	451		$	430
Net intersegment interest income (expense)	54			70			93			90			95
Segment net interest income	545			534			546			541			525
Allocated provision for credit losses	42			37			19			—			46
Noninterest income	108			105			105			107			109
Noninterest expense	254			254			273			295			320
Income (loss) before income taxes	357			348			359			353			268
Provision (benefit) for income taxes	80			78			125			123			91
Segment net income (loss)	$	277		$	270		$	234		$	230		$	177
Financial Services and Commercial Finance
Net interest income (expense)	$	169		$	159		$	154		$	154		$	145
Net intersegment interest income (expense)	19			18			25			24			38
Segment net interest income	188			177			179			178			183
Allocated provision for credit losses	(4		)	(5		)	(13		)	9			(17		)
Noninterest income	303			301			315			289			297
Noninterest expense	312			301			307			296			300
Income (loss) before income taxes	183			182			200			162			197
Provision (benefit) for income taxes	38			38			64			50			63
Segment net income (loss)	$	145		$	144		$	136		$	112		$	134
Insurance Holdings and Premium Finance
Net interest income (expense)	$	29		$	26		$	25		$	25		$	25
Net intersegment interest income (expense)	(7		)	(6		)	(6		)	(6		)	(5		)
Segment net interest income	22			20			19			19			20
Allocated provision for credit losses	—			1			—			1			1
Noninterest income	484			439			428			401			485
Noninterest expense	408			375			393			389			408
Income (loss) before income taxes	98			83			54			30			96
Provision (benefit) for income taxes	25			21			21			12			36
Segment net income (loss)	$	73		$	62		$	33		$	18		$	60
Other, Treasury & Corporate (1)
Net interest income (expense)	$	115		$	147		$	155		$	154		$	182
Net intersegment interest income (expense)	(136		)	(131		)	(150		)	(146		)	(167		)
Segment net interest income	(21		)	16			5			8			15
Allocated provision for credit losses	(13		)	(5		)	(6		)	—			(13		)
Noninterest income	(27		)	(4		)	19			7			(24		)
Noninterest expense	79			83			187			90			32
Income (loss) before income taxes	(114		)	(66		)	(157		)	(75		)	(28		)
Provision (benefit) for income taxes	(64		)	(57		)	(158		)	(67		)	(52		)
Segment net income (loss)	$	(50	)	$	(9	)	$	1		$	(8	)	$	24
Total BB&T Corporation
Net interest income (expense)	$	1,657		$	1,633		$	1,644		$	1,647		$	1,635
Net intersegment interest income (expense)	—			—			—			—			—
Segment net interest income	1,657			1,633			1,644			1,647			1,635
Allocated provision for credit losses	135			150			138			126			135
Noninterest income	1,222			1,180			1,225			1,166			1,220
Noninterest expense	1,720			1,686			1,855			1,745			1,742
Income (loss) before income taxes	1,024			977			876			942			978
Provision (benefit) for income taxes	202			186			209			294			304
Net income	$	822		$	791		$	667		$	648		$	674
(1) Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

5

Consolidated Ending Balance Sheets - Five Quarter Trend
BB&T Corporation
(Dollars in millions)
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Assets
Cash and due from banks	$	2,046		$	1,869		$	2,243		$	2,195		$	2,201
Interest-bearing deposits with banks	662			912			343			428			671
Cash equivalents	213			132			127			75			137
Restricted cash	132			198			370			429			419
Securities available for sale at fair value	23,919			25,017			24,547			23,184			26,899
Securities held to maturity at amortized cost	21,749			22,390			23,027			23,447			18,384
Loans and leases:
Commercial:
Commercial and industrial	60,474			59,132			59,153			58,550			59,085
CRE	21,610			21,497			21,263			20,855			20,279
Lease financing	1,924			1,886			1,911			1,887			1,724
Retail:
Residential mortgage	29,965			28,792			28,725			28,657			29,217
Direct	11,661			11,675			11,891			11,941			12,001
Indirect	17,140			16,680			17,235			17,496			17,929
Revolving credit	2,876			2,766			2,872			2,697			2,630
PCI	533			589			651			711			780
Total loans and leases held for investment	146,183			143,017			143,701			142,794			143,645
Loans held for sale	1,615			1,189			1,099			1,217			1,471
Total loans and leases	147,798			144,206			144,800			144,011			145,116
Allowance for loan and lease losses	(1,530		)	(1,498		)	(1,490		)	(1,478		)	(1,485		)
Premises and equipment	2,154			2,078			2,055			2,043			2,084
Goodwill	9,617			9,617			9,618			9,618			9,618
Core deposit and other intangible assets	647			679			711			745			782
Mortgage servicing rights at fair value	1,143			1,119			1,056			1,044			1,052
Other assets	14,131			14,010			14,235			14,599			15,314
Total assets	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192
Liabilities
Deposits:
Noninterest-bearing deposits	$	54,270		$	55,085		$	53,767		$	54,049		$	53,343
Interest checking	27,257			27,217			27,677			26,575			27,966
Money market and savings	63,167			62,169			62,757			60,904			61,671
Time deposits	14,781			13,725			13,170			14,607			13,988
Total deposits	159,475			158,196			157,371			156,135			156,968
Short-term borrowings	3,576			4,321			4,938			7,916			6,142
Long-term debt	24,081			23,410			23,648			20,863			21,738
Accounts payable and other liabilities	5,717			5,140			5,990			5,573			5,995
Total liabilities	192,849			191,067			191,947			190,487			190,843
Shareholders' Equity:
Preferred stock	3,053			3,053			3,053			3,053			3,053
Common stock	3,872			3,899			3,910			3,945			4,040
Additional paid-in capital	7,364			7,593			7,893			8,192			8,966
Retained earnings	17,197			16,712			16,259			15,656			15,321
Accumulated other comprehensive loss	(1,706		)	(1,645		)	(1,467		)	(1,036		)	(1,073		)
Noncontrolling interests	52			50			47			43			42
Total shareholders' equity	29,832			29,662			29,695			29,853			30,349
Total liabilities and shareholders' equity	$	222,681		$	220,729		$	221,642		$	220,340		$	221,192

6

Average Balance Sheets
BB&T Corporation
(Dollars in millions)
	Quarter Ended									Year-to-Date
	June 30				Change					June 30				Change
	2018		2017		$			%		2018		2017		$			%
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,537	$	4,761	$	(1,224	)	(25.7	)%	$	3,538	$	4,746	$	(1,208	)	(25.5	)%
U.S. government-sponsored entities (GSE)	2,384		2,386		(2		)	(0.1	)	2,384		2,385		(1		)	—
Mortgage-backed securities issued by GSE	39,777		35,911		3,866			10.8		40,292		35,412		4,880			13.8
States and political subdivisions	1,051		1,879		(828		)	(44.1	)	1,133		1,985		(852		)	(42.9	)
Non-agency mortgage-backed	354		416		(62		)	(14.9	)	364		424		(60		)	(14.2	)
Other	42		57		(15		)	(26.3	)	45		58		(13		)	(22.4	)
Total securities	47,145		45,410		1,735			3.8		47,756		45,010		2,746			6.1
Other earning assets	2,197		3,649		(1,452		)	(39.8	)	2,223		3,953		(1,730		)	(43.8	)
Loans and leases:
Commercial:
Commercial and industrial	59,548		58,150		1,398			2.4		59,090		57,639		1,451			2.5
CRE	21,546		20,304		1,242			6.1		21,472		20,100		1,372			6.8
Lease financing	1,862		1,664		198			11.9		1,867		1,658		209			12.6
Retail:
Residential mortgage	29,272		29,392		(120		)	(0.4	)	29,049		29,546		(497		)	(1.7	)
Direct	11,680		12,000		(320		)	(2.7	)	11,735		12,007		(272		)	(2.3	)
Indirect	16,804		18,127		(1,323		)	(7.3	)	16,859		18,132		(1,273		)	(7.0	)
Revolving credit	2,831		2,612		219			8.4		2,815		2,610		205			7.9
PCI	559		825		(266		)	(32.2	)	595		854		(259		)	(30.3	)
Total loans and leases held for investment	144,102		143,074		1,028			0.7		143,482		142,546		936			0.7
Loans held for sale	1,650		1,253		397			31.7		1,352		1,468		(116		)	(7.9	)
Total loans and leases	145,752		144,327		1,425			1.0		144,834		144,014		820			0.6
Total earning assets	195,094		193,386		1,708			0.9		194,813		192,977		1,836			1.0
Nonearning assets	26,250		27,632		(1,382		)	(5.0	)	26,568		27,516		(948		)	(3.4	)
Total assets	$	221,344	$	221,018	$	326		0.1	%	$	221,381	$	220,493	$	888		0.4	%
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	53,963	$	52,573	$	1,390		2.6	%	$	53,681	$	51,838	$	1,843		3.6	%
Interest checking	26,969		28,849		(1,880		)	(6.5	)	27,119		29,211		(2,092		)	(7.2	)
Money market and savings	62,105		64,294		(2,189		)	(3.4	)	61,899		64,574		(2,675		)	(4.1	)
Time deposits	13,966		14,088		(122		)	(0.9	)	13,907		14,504		(597		)	(4.1	)
Foreign office deposits - interest-bearing	673		459		214			46.6		803		693		110			15.9
Total deposits	157,676		160,263		(2,587		)	(1.6	)	157,409		160,820		(3,411		)	(2.1	)
Short-term borrowings	5,323		2,748		2,575			93.7		5,399		2,428		2,971			122.4
Long-term debt	23,639		21,767		1,872			8.6		23,658		21,264		2,394			11.3
Accounts payable and other liabilities	5,121		5,938		(817		)	(13.8	)	5,359		5,877		(518		)	(8.8	)
Total liabilities	191,759		190,716		1,043			0.5		191,825		190,389		1,436			0.8
Shareholders' equity	29,585		30,302		(717		)	(2.4	)	29,556		30,104		(548		)	(1.8	)
Total liabilities and shareholders' equity	$	221,344	$	221,018	$	326		0.1	%	$	221,381	$	220,493	$	888		0.4	%
Average balances exclude basis adjustments for fair value hedges.
(1) Includes AFS and HTM securities.

7

Average Balance Sheets - Five Quarter Trend
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Assets
Securities at amortized cost (1):
U.S. Treasury	$	3,537	$	3,538	$	3,447	$	3,794	$	4,761
U.S. government-sponsored entities (GSE)	2,384		2,385		2,385		2,385		2,386
Mortgage-backed securities issued by GSE	39,777		40,813		40,381		37,734		35,911
States and political subdivisions	1,051		1,215		1,435		1,596		1,879
Non-agency mortgage-backed	354		375		391		405		416
Other	42		48		54		54		57
Total securities	47,145		48,374		48,093		45,968		45,410
Other earning assets	2,197		2,250		3,123		2,924		3,649
Loans and leases:
Commercial:
Commercial and industrial	59,548		58,627		58,478		58,211		58,150
CRE	21,546		21,398		20,998		20,776		20,304
Lease financing	1,862		1,872		1,851		1,732		1,664
Retail:
Residential mortgage	29,272		28,824		28,559		28,924		29,392
Direct	11,680		11,791		11,901		11,960		12,000
Indirect	16,804		16,914		17,426		17,678		18,127
Revolving credit	2,831		2,798		2,759		2,668		2,612
PCI	559		631		689		742		825
Total loans and leases held for investment	144,102		142,855		142,661		142,691		143,074
Loans held for sale	1,650		1,051		1,428		1,490		1,253
Total loans and leases	145,752		143,906		144,089		144,181		144,327
Total earning assets	195,094		194,530		195,305		193,073		193,386
Nonearning assets	26,250		26,889		27,220		27,659		27,632
Total assets	$	221,344	$	221,419	$	222,525	$	220,732	$	221,018
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing deposits	$	53,963	$	53,396	$	54,288	$	53,489	$	52,573
Interest checking	26,969		27,270		26,746		27,000		28,849
Money market and savings	62,105		61,690		61,693		61,450		64,294
Time deposits	13,966		13,847		13,744		13,794		14,088
Foreign office deposits - interest-bearing	673		935		1,488		1,681		459
Total deposits	157,676		157,138		157,959		157,414		160,263
Short-term borrowings	5,323		5,477		6,342		5,983		2,748
Long-term debt	23,639		23,677		22,639		21,459		21,767
Accounts payable and other liabilities	5,121		5,599		5,732		5,928		5,938
Total liabilities	191,759		191,891		192,672		190,784		190,716
Shareholders' equity	29,585		29,528		29,853		29,948		30,302
Total liabilities and shareholders' equity	$	221,344	$	221,419	$	222,525	$	220,732	$	221,018
Average balances exclude basis adjustments for fair value hedges.
(1) Includes AFS and HTM securities.

8

Average Balances and Rates - Quarters
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	June 30, 2018						March 31, 2018
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,537	$	17	1.80	%	$	3,538	$	15	1.77	%
U.S. government-sponsored entities (GSE)	2,384		14		2.23		2,385		13		2.23
Mortgage-backed securities issued by GSE	39,777		241		2.44		40,813		248		2.42
States and political subdivisions	1,051		8		3.79		1,215		11		3.78
Non-agency mortgage-backed	354		17		17.35		375		7		7.73
Other	42		—		3.26		48		—		2.28
Total securities	47,145		297		2.53		48,374		294		2.44
Other earning assets	2,197		13		2.24		2,250		25		4.54
Loans and leases:
Commercial:
Commercial and industrial	59,548		580		3.92		58,627		537		3.72
CRE	21,546		246		4.64		21,398		234		4.47
Lease financing	1,862		12		3.05		1,872		14		3.00
Retail:
Residential mortgage	29,272		291		4.01		28,824		289		4.00
Direct	11,680		150		5.10		11,791		141		4.90
Indirect	16,804		311		7.46		16,914		304		7.31
Revolving credit	2,831		73		9.16		2,798		67		8.94
PCI	559		26		18.92		631		30		19.21
Total loans and leases held for investment	144,102		1,689		4.70		142,855		1,616		4.57
Loans held for sale	1,650		17		4.02		1,051		9		3.66
Total loans and leases	145,752		1,706		4.70		143,906		1,625		4.57
Total earning assets	195,094		2,016		4.14		194,530		1,944		4.04
Nonearning assets	26,250						26,889
Total assets	$	221,344					$	221,419
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	26,969	29		0.42		$	27,270	25		0.37
Money market and savings	62,105		86		0.56		61,690		67		0.44
Time deposits	13,966		30		0.86		13,847		23		0.68
Foreign office deposits - interest-bearing	673		3		1.77		935		3		1.42
Total interest-bearing deposits	103,713		148		0.57		103,742		118		0.46
Short-term borrowings	5,323		23		1.77		5,477		20		1.43
Long-term debt	23,639		166		2.81		23,677		150		2.54
Total interest-bearing liabilities	132,675		337		1.02		132,896		288		0.87
Noninterest-bearing deposits	53,963						53,396
Accounts payable and other liabilities	5,121						5,599
Shareholders' equity	29,585						29,528
Total liabilities and shareholders' equity	$	221,344					$	221,419
Average interest-rate spread					3.12						3.17
Net interest income/ net interest margin			$	1,679	3.45	%			$	1,656	3.44	%
Taxable-equivalent adjustment			$	22					$	23
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.

9

Average Balances and Rates - Quarters
BB&T Corporation
(Dollars in millions)
	Quarter Ended
	December 31, 2017						September 30, 2017						June 30, 2017
	(1)		Interest		(2)		(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,447	$	15	1.71	%	$	3,794	$	16	1.68	%	$	4,761	$	21	1.73	%
U.S. government-sponsored entities (GSE)	2,385		13		2.22		2,385		13		2.22		2,386		14		2.22
Mortgage-backed securities issued by GSE	40,381		238		2.36		37,734		216		2.29		35,911		198		2.21
States and political subdivisions	1,435		11		3.23		1,596		20		5.07		1,879		25		5.29
Non-agency mortgage-backed	391		13		13.27		405		19		18.58		416		25		24.16
Other	54		—		2.34		54		1		2.26		57		—		2.22
Total securities	48,093		290		2.42		45,968		285		2.47		45,410		283		2.49
Other earning assets	3,123		15		1.91		2,924		11		1.42		3,649		11		1.36
Loans and leases:
Commercial:
Commercial and industrial	58,478		539		3.65		58,211		531		3.63		58,150		518		3.57
CRE	20,998		229		4.33		20,776		229		4.37		20,304		196		3.87
Lease financing	1,851		13		2.82		1,732		12		2.71		1,664		12		2.91
Retail:
Residential mortgage	28,559		286		4.00		28,924		292		4.04		29,392		295		4.01
Direct	11,901		143		4.78		11,960		143		4.73		12,000		135		4.55
Indirect	17,426		309		7.05		17,678		310		6.95		18,127		309		6.83
Revolving credit	2,759		62		9.01		2,668		60		8.92		2,612		57		8.78
PCI	689		36		20.69		742		32		17.15		825		37		17.94
Total loans and leases held for investment	142,661		1,617		4.51		142,691		1,609		4.48		143,074		1,559		4.37
Loans held for sale	1,428		14		3.67		1,490		13		3.70		1,253		11		3.65
Total loans and leases	144,089		1,631		4.50		144,181		1,622		4.47		144,327		1,570		4.36
Total earning assets	195,305		1,936		3.95		193,073		1,918		3.95		193,386		1,864		3.87
Nonearning assets	27,220						27,659						27,632
Total assets	$	222,525					$	220,732					$	221,018
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	26,746	22		0.32		$	27,000	20		0.29		$	28,849	15		0.22
Money market and savings	61,693		57		0.37		61,450		49		0.32		64,294		47		0.29
Time deposits	13,744		21		0.57		13,794		17		0.51		14,088		17		0.48
Foreign office deposits - interest-bearing	1,488		4		1.18		1,681		5		1.14		459		1		1.03
Total interest-bearing deposits	103,671		104		0.40		103,925		91		0.35		107,690		80		0.30
Short-term borrowings	6,342		19		1.13		5,983		15		1.03		2,748		5		0.70
Long-term debt	22,639		131		2.36		21,459		124		2.29		21,767		104		1.91
Total interest-bearing liabilities	132,652		254		0.77		131,367		230		0.70		132,205		189		0.57
Noninterest-bearing deposits	54,288						53,489						52,573
Accounts payable and other liabilities	5,732						5,928						5,938
Shareholders' equity	29,853						29,948						30,302
Total liabilities and shareholders' equity	$	222,525					$	220,732					$	221,018
Average interest-rate spread					3.18						3.25						3.30
Net interest income/ net interest margin			$	1,682	3.43	%			$	1,688	3.48	%			$	1,675	3.47	%
Taxable-equivalent adjustment			$	38					$	41					$	40
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.

10

Average Balances and Rates - Year-To-Date
BB&T Corporation
(Dollars in millions)
	Year-to-Date
	June 30, 2018						June 30, 2017
	(1)		Interest		(2)		(1)		Interest		(2)
	Average		Income/		Yields/		Average		Income/		Yields/
	Balances		Expense		Rates		Balances		Expense		Rates
Assets
Securities at amortized cost (3):
U.S. Treasury	$	3,538	$	32	1.79	%	$	4,746	$	41	1.72	%
U.S. government-sponsored entities (GSE)	2,384		27		2.23		2,385		27		2.22
Mortgage-backed securities issued by GSE	40,292		489		2.43		35,412		387		2.19
States and political subdivisions	1,133		19		3.78		1,985		52		5.20
Non-agency mortgage-backed	364		24		12.41		424		45		21.45
Other	45		—		2.73		58		—		2.05
Total securities	47,756		591		2.48		45,010		552		2.45
Other earning assets	2,223		38		3.40		3,953		27		1.43
Loans and leases:
Commercial:
Commercial and industrial	59,090		1,117		3.82		57,639		1,010		3.53
CRE	21,472		480		4.56		20,100		379		3.81
Lease financing	1,867		26		3.03		1,658		24		2.88
Retail:
Residential mortgage	29,049		580		4.01		29,546		592		4.01
Direct	11,735		291		5.00		12,007		264		4.44
Indirect	16,859		615		7.39		18,132		611		6.79
Revolving credit	2,815		140		9.05		2,610		114		8.79
PCI	595		56		19.07		854		80		18.86
Total loans and leases held for investment	143,482		3,305		4.64		142,546		3,074		4.34
Loans held for sale	1,352		26		3.87		1,468		26		3.56
Total loans and leases	144,834		3,331		4.63		144,014		3,100		4.33
Total earning assets	194,813		3,960		4.09		192,977		3,679		3.84
Nonearning assets	26,568						27,516
Total assets	$	221,381					$	220,493
Liabilities and Shareholders' Equity
Interest-bearing deposits:
Interest checking	$	27,119	54		0.39		$	29,211	28		0.20
Money market and savings	61,899		153		0.50		64,574		84		0.26
Time deposits	13,907		53		0.77		14,504		34		0.48
Foreign office deposits - interest-bearing	803		6		1.57		693		3		0.79
Total interest-bearing deposits	103,728		266		0.52		108,982		149		0.28
Short-term borrowings	5,399		43		1.60		2,428		7		0.58
Long-term debt	23,658		316		2.67		21,264		199		1.87
Total interest-bearing liabilities	132,785		625		0.94		132,674		355		0.54
Noninterest-bearing deposits	53,681						51,838
Accounts payable and other liabilities	5,359						5,877
Shareholders' equity	29,556						30,104
Total liabilities and shareholders' equity	$	221,381					$	220,493
Average interest-rate spread					3.15						3.30
Net interest income/ net interest margin			$	3,335	3.45	%			$	3,324	3.47	%
Taxable-equivalent adjustment			$	45					$	80
Applicable ratios are annualized.
(1) Excludes basis adjustments for fair value hedges.
(2) Yields are on a taxable-equivalent basis utilizing the marginal income tax rates for the periods presented.
(3) Includes AFS and HTM securities.

11

Credit Quality
BB&T Corporation
(Dollars in millions)
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Nonperforming Assets (1)
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	243	$	257	$	259	$	288	$	300
CRE	61		67		45		41		50
Lease financing	9		13		1		2		3
Retail:
Residential mortgage	119		127		129		141		131
Direct	58		64		64		64		65
Indirect	68		74		72		70		63
Total nonaccrual loans and leases held for investment (1)(2)	558		602		570		606		612
Foreclosed real estate	43		40		32		46		48
Other foreclosed property	23		27		25		28		30
Total nonperforming assets (1)(2)	$	624	$	669	$	627	$	680	$	690
Performing Troubled Debt Restructurings (TDRs) (3)
Commercial:
Commercial and industrial	$	44	$	38	$	50	$	62	$	50
CRE	11		12		16		22		24
Retail:
Residential mortgage	647		627		605		609		603
Direct	58		59		62		63		63
Indirect	284		277		281		267		244
Revolving credit	29		29		29		29		29
Total performing TDRs (3)(4)	$	1,073	$	1,042	$	1,043	$	1,052	$	1,013
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	—	$	—	$	1	$	—	$	—
CRE	—		—		1		—		—
Retail:
Residential mortgage (5)	374		420		465		409		401
Direct	4		6		6		9		7
Indirect	4		5		6		6		4
Revolving credit	10		11		12		11		10
PCI	43		48		57		70		71
Total loans 90 days past due and still accruing (5)	$	435	$	490	$	548	$	505	$	493
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial	$	26	$	31	$	41	$	47	$	32
CRE	4		10		8		8		3
Lease financing	2		1		4		1		2
Retail:
Residential mortgage (6)	441		400		472		455		393
Direct	52		55		65		55		54
Indirect	337		272		412		358		341
Revolving credit	21		21		23		22		20
PCI	22		24		27		41		29
Total loans 30-89 days past due (6)	$	905	$	814	$	1,052	$	987	$	874
Excludes loans held for sale.
(1) PCI loans are accounted for using the accretion method.
(2) Sales of nonperforming loans totaled $12 million, $33 million, $44 million, $19 million and $75 million for the quarter ended June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(3) Excludes TDRs that are nonperforming totaling $191 million, $196 million, $189 million, $203 million and $214 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively. These amounts are included in total nonperforming assets.
(4) Sales of performing TDRs, which were primarily residential mortgage loans, totaled $17 million, $29 million, $44 million, $49 million and $203 million for the quarter ended June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(5) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 90 days or more totaling $27 million, $23 million, $66 million, $45 million and $32 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.
(6) Includes government guaranteed GNMA mortgage loans that BB&T has the right but not the obligation to repurchase that are past due 30-89 days totaling $1 million, $1 million, $2 million, $2 million and $2 million at June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017 and June 30, 2017, respectively.

12

Credit Quality
BB&T Corporation
(Dollars in millions)	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Allowance for Credit Losses
Beginning balance	$	1,614		$	1,609		$	1,601		$	1,602		$	1,599
Provision for credit losses (excluding PCI loans)	142			153			137			128			151
Provision (benefit) for PCI loans	(7		)	(3		)	1			(2		)	(16		)
Charge-offs:
Commercial:
Commercial and industrial	(23		)	(23		)	(23		)	(13		)	(26		)
CRE	(2		)	(6		)	(2		)	(4		)	(3		)
Lease financing	(1		)	(1		)	(1		)	(2		)	(1		)
Retail:
Residential mortgage	(5		)	(4		)	(8		)	(7		)	(20		)
Direct	(17		)	(19		)	(15		)	(16		)	(16		)
Indirect	(82		)	(107		)	(104		)	(103		)	(88		)
Revolving credit	(21		)	(21		)	(19		)	(17		)	(19		)
PCI	—			—			—			(1		)	—
Total charge-offs	(151		)	(181		)	(172		)	(163		)	(173		)
Recoveries:
Commercial:
Commercial and industrial	11			8			12			8			9
CRE	1			2			4			3			3
Lease financing	1			—			1			1			—
Retail:
Residential mortgage	1			—			1			—			1
Direct	6			6			6			6			7
Indirect	17			15			13			14			16
Revolving credit	5			5			5			4			5
Total recoveries	42			36			42			36			41
Net charge-offs	(109		)	(145		)	(130		)	(127		)	(132		)
Ending balance	$	1,640		$	1,614		$	1,609		$	1,601		$	1,602
Allowance for Credit Losses:
Allowance for loan and lease losses (excluding PCI loans)	$	1,512		$	1,473		$	1,462		$	1,451		$	1,455
Allowance for PCI loans	18			25			28			27			30
Reserve for unfunded lending commitments	110			116			119			123			117
Total	$	1,640		$	1,614		$	1,609		$	1,601		$	1,602
										As of/For the Year-to-Date
										Period Ended June 30
										2018			2017
Allowance for Credit Losses
Beginning balance										$	1,609		$	1,599
Provision for credit losses (excluding PCI loans)										295			297
Provision (benefit) for PCI loans										(10		)	(14		)
Charge-offs:
Commercial:
Commercial and industrial										(46		)	(59		)
CRE										(8		)	(4		)
Lease financing										(2		)	(2		)
Retail:
Residential mortgage										(9		)	(32		)
Direct										(36		)	(30		)
Indirect										(189		)	(195		)
Revolving credit										(42		)	(40		)
PCI										—			—
Total charge-offs										(332		)	(362		)
Recoveries:
Commercial:
Commercial and industrial										19			16
CRE										3			9
Lease financing										1			—
Retail:
Residential mortgage										1			1
Direct										12			13
Indirect										32			33
Revolving credit										10			10
Total recoveries										78			82
Net charge-offs										(254		)	(280		)
Other										—			—
Ending balance										$	1,640		$	1,602

13

Credit Quality
BB&T Corporation
(Dollars in millions)	As of/For the Quarter Ended
	June 30		March 31		Dec. 31		Sept. 30		June 30
	2018		2018		2017		2017		2017
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.62	%	0.57	%	0.73	%	0.69	%	0.61	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.30		0.34		0.38		0.35		0.34
Nonperforming loans and leases as a percentage of loans and leases	0.38		0.42		0.40		0.42		0.43
Nonperforming assets as a percentage of:
Total assets	0.28		0.30		0.28		0.31		0.31
Loans and leases plus foreclosed property	0.43		0.47		0.44		0.48		0.48
Net charge-offs as a percentage of average loans and leases	0.30		0.41		0.36		0.35		0.37
Allowance for loan and lease losses as a percentage of loans and leases	1.05		1.05		1.04		1.04		1.03
Ratio of allowance for loan and lease losses to:
Net charge-offs	3.49X		2.55X		2.89X		2.93X		2.80X
Nonperforming loans and leases	2.74X		2.49X		2.62X		2.44X		2.43X
Asset Quality Ratios (Excluding Government Guaranteed and PCI)
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.04	%	0.04	%	0.05	%	0.05	%	0.05	%
							As of/For the Year-to-Date
							Period Ended June 30
							2018		2017
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.36	%	0.40	%
Ratio of allowance for loan and lease losses to net charge-offs							2.99X		2.63X
Applicable ratios are annualized. Loans and leases exclude loans held for sale.

	June 30, 2018
					Past Due 30-89					Past Due 90+
	Current Status				Days					Days					Total
Troubled Debt Restructurings
Performing TDRs: (1)
Commercial:
Commercial and industrial	$	44	100.0	%	$	—		—	%	$	—		—	%	$	44
CRE	11		100.0		—			—		—			—		11
Lease financing	—		—		—			—		—			—		—
Retail:
Residential mortgage	377		58.3		109			16.8		161			24.9		647
Direct	56		96.6		2			3.4		—			—		58
Indirect	236		83.1		48			16.9		—			—		284
Revolving credit	25		86.3		3			10.3		1			3.4		29
Total performing TDRs (1)	749		69.8		162			15.1		162			15.1		1,073
Nonperforming TDRs (2)	87		45.5		28			14.7		76			39.8		191
Total TDRs (1)(2)	$	836	66.2	%	$	190		15.0	%	$	238		18.8	%	$	1,264
					Quarter Ended
					June 30			March 31		Dec. 31			Sept. 30		June 30
					2018			2018		2017			2017		2017
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial					0.08		%	0.11	%	0.07		%	0.04	%	0.12		%
CRE					0.01			0.08		(0.06		)	0.03		(0.01		)
Lease financing					0.12			0.09		0.14			0.19		0.22
Retail:
Residential mortgage					0.05			0.05		0.10			0.08		0.28
Direct					0.40			0.43		0.30			0.34		0.27
Indirect					1.56			2.21		2.09			1.98		1.61
Revolving credit					2.21			2.37		2.13			2.00		2.06
PCI					—			—		—			0.38		—
Total loans and leases					0.30			0.41		0.36			0.35		0.37
Applicable ratios are annualized.
(1) Past due performing TDRs are included in past due disclosures.
(2) Nonperforming TDRs are included in nonaccrual loan disclosures.

14

Capital Information - Five Quarter Trend
BB&T Corporation
(Dollars in millions, except per share data, shares in thousands)
	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	18,364		$	18,104		$	18,051		$	17,869		$	18,368
Tier 1	21,416			21,155			21,102			20,920			21,419
Total	25,015			24,719			24,653			24,582			25,040
Risk-weighted assets	180,190			176,818			177,217			176,024			177,518
Average quarterly tangible assets	213,523			213,404			214,163			212,069			212,394
Risk-based capital ratios:
Common equity tier 1	10.2		%	10.2		%	10.2		%	10.2		%	10.3		%
Tier 1	11.9			12.0			11.9			11.9			12.1
Total	13.9			14.0			13.9			14.0			14.1
Leverage capital ratio	10.0			9.9			9.9			9.9			10.1
Equity as a percentage of total assets	13.4			13.4			13.4			13.5			13.7
Common equity per common share	$	34.51		$	34.06		$	34.01		$	33.92		$	33.73
Calculations of Tangible Common Equity and Related Measures: (1)
Total shareholders' equity	$	29,832		$	29,662		$	29,695		$	29,853		$	30,349
Less:
Preferred stock	3,053			3,053			3,053			3,053			3,053
Noncontrolling interests	52			50			47			43			42
Intangible assets	10,264			10,296			10,329			10,363			10,400
Tangible common equity	$	16,463		$	16,263		$	16,266		$	16,394		$	16,854
Outstanding shares at end of period (in thousands)	774,447			779,752			782,006			788,921			808,093
Tangible Common Equity Per Common Share	$	21.26		$	20.86		$	20.80		$	20.78		$	20.86

(1) Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. BB&T's management uses these measures to assess the quality of capital and returns relative to balance sheet risk and believes investors may find them useful in their analysis of the Corporation. These measures are not necessarily comparable to similar measures that may be presented by other companies.

15

Selected Items, Selected Mortgage Banking Information & Additional Information
BB&T Corporation
(Dollars in millions, except per share data)
										Favorable (Unfavorable)
													After-Tax at
										Pre-Tax			Marginal Rate
Selected Items
Second Quarter 2018
None										N/A			N/A
First Quarter 2018
None										N/A			N/A
Fourth Quarter 2017
Charitable contribution	Other expense									$	(100	)	$	(63	)
One-time bonus	Personnel expense									(36		)	(23		)
Impact of tax reform	Provision for income taxes									N/A			43
Third Quarter 2017
None										N/A			N/A
Second Quarter 2017
None										N/A			N/A
First Quarter 2017
Income tax benefit on equity-based awards	Provision for income taxes									N/A			35
	As of/For the Quarter Ended
	June 30			March 31			Dec. 31			Sept. 30			June 30
	2018			2018			2017			2017			2017
Mortgage Banking Income
Residential mortgage production revenue	$	42		$	44		$	45		$	56		$	39
Residential mortgage servicing revenue	63			65			65			63			65
Realization of expected residential MSR cash flows	(38		)	(33		)	(35		)	(36		)	(36		)
Commercial mortgage production revenue	23			22			27			22			23
Commercial mortgage servicing revenue	10			9			9			10			10
Realization of expected commercial MSR cash flows	(8		)	(9		)	(9		)	(6		)	(8		)
Mortgage banking income before MSR valuation	92			98			102			109			93
Income statement impact of mortgage servicing rights valuation:
MSRs fair value increase (decrease)	25			68			15			(5		)	(22		)
MSRs hedge gains (losses)	(23		)	(67		)	(13		)	10			23
Net MSRs valuation	2			1			2			5			1
Total mortgage banking income	$	94		$	99		$	104		$	114		$	94
Other Mortgage Banking Information
Residential mortgage loan originations	$	4,411		$	3,328		$	3,970		$	3,463		$	3,524
Residential mortgage servicing portfolio (1):
Loans serviced for others	88,492			88,746			89,124			89,391			90,106
Bank-owned loans serviced	30,261			29,081			29,300			29,345			30,067
Total servicing portfolio	118,753			117,827			118,424			118,736			120,173
Weighted-average coupon rate on mortgage loans serviced for others	4.01		%	4.00		%	4.00		%	4.00		%	4.00		%
Weighted-average servicing fee on mortgage loans serviced for others	0.277			0.277			0.278			0.278			0.279
Additional Information
Derivatives notional amount	$	71,427		$	78,649		$	75,172		$	72,484		$	80,901
Fair value of derivatives, net	(203		)	(213		)	(271		)	(203		)	(187		)
Common stock prices:
High	56.03			56.31			51.11			48.90			46.50
Low	50.13			49.65			44.62			43.03			41.17
End of period	50.44			52.04			49.72			46.94			45.41
Banking offices	1,967			2,047			2,049			2,127			2,188
ATMs	2,768			2,836			2,824			2,899			2,950
FTEs	35,782			35,908			36,484			37,213			37,397
(1) Amounts reported are unpaid principal balance.

16

Non-GAAP Reconciliations
BB&T Corporation
(Dollars in millions)	Quarter Ended															Year-to-Date
	June 30			March 31			Dec. 31			Sept. 30			June 30			June 30			June 30
	2018			2018			2017			2017			2017			2018			2017
Efficiency Ratio (1)
Efficiency Ratio Numerator - Noninterest Expense - GAAP	$	1,720		$	1,686		$	1,855		$	1,745		$	1,742		$	3,406		$	3,844
Amortization of intangibles	(31		)	(33		)	(34		)	(34		)	(36		)	(64		)	(74		)
Merger-related and restructuring charges, net	(24		)	(28		)	(22		)	(47		)	(10		)	(52		)	(46		)
Gain (loss) on early extinguishment of debt	—			—			—			—			—			—			(392		)
Charitable contribution	—			—			(100		)	—			—			—			—
One-time bonus	—			—			(36		)	—			—			—			—
Efficiency Ratio Numerator - Adjusted	$	1,665		$	1,625		$	1,663		$	1,664		$	1,696		$	3,290		$	3,332
Efficiency Ratio Denominator - Revenue (2) - GAAP	$	2,879		$	2,813		$	2,869		$	2,813		$	2,855		$	5,692		$	5,635
Taxable equivalent adjustment	22			23			38			41			40			45			80
Securities (gains) losses, net	(1		)	—			1			—			—			(1		)	—
Efficiency Ratio Denominator - Adjusted	$	2,900		$	2,836		$	2,908		$	2,854		$	2,895		$	5,736		$	5,715
Efficiency Ratio - GAAP	59.7		%	60.0		%	64.7		%	62.0		%	61.0		%	59.8		%	68.2		%
Efficiency Ratio - Adjusted	57.4			57.3			57.2			58.3			58.6			57.4			58.3

(1) The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2) Revenue is defined as net interest income plus noninterest income.

	Quarter Ended															Year-to-Date
	June 30			March 31			Dec. 31			Sept. 30			June 30			June 30
	2018			2018			2017			2017			2017			2018			2017
Return on Average Tangible Common Shareholders' Equity (1)
Net income available to common shareholders	$	775		$	745		$	614		$	597		$	631		$	1,520		$	1,009
Plus: Amortization of intangibles, net of tax	24			24			21			22			22			48			46
Tangible net income available to common shareholders	$	799		$	769		$	635		$	619		$	653		$	1,568		$	1,055
Average common shareholders' equity	$	26,483		$	26,428		$	26,759		$	26,857		$	27,208		$	26,455		$	27,008
Less: Average intangible assets	10,281			10,312			10,346			10,382			10,418			10,295			10,440
Average tangible common shareholders' equity	$	16,202		$	16,116		$	16,413		$	16,475		$	16,790		$	16,160		$	16,568
Return on average common shareholders' equity	11.74		%	11.43		%	9.10		%	8.82		%	9.30		%	11.59		%	7.53		%
Return on average tangible common shareholders' equity	19.78			19.36			15.35			14.89			15.60			19.57			12.85

(1) Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. BB&T's management uses these measures to assess the quality of capital and returns relative to balance sheet risk and believes investors may find them useful in their analysis of the Corporation. These measures are not necessarily comparable to similar measures that may be presented by other companies.

	Quarter Ended												Year-to-Date
	June 30			March 31		Dec. 31			Sept. 30		June 30		June 30			June 30
	2018			2018		2017			2017		2017		2018			2017
Diluted EPS (1)
Net income available to common shareholders - GAAP	$	775		$	745	$	614		$	597	$	631	$	1,520		$	1,009
Merger-related and restructuring charges	17			22		14			29		6		39			28
Loss on early extinguishment of debt	—			—		—			—		—		—			246
Securities gains (losses), net	(1		)	—		—			—		—		(1		)	—
Charitable contribution	—			—		63			—		—		—			—
One time bonus	—			—		23			—		—		—			—
Excess tax benefit on equity-based awards	—			—		—			—		—		—			(35		)
Impact of tax reform	—			—		(43		)	—		—		—			—
Net income available to common shareholders - adjusted	$	791		$	767	$	671		$	626	$	637	$	1,558		$	1,248
Weighted average shares outstanding - diluted	785,750			791,005		795,867			806,124		819,389		788,362			821,072
Diluted EPS - GAAP	$	0.99		$	0.94	$	0.77		$	0.74	$	0.77	$	1.93		$	1.23
Diluted EPS - adjusted	1.01			0.97		0.84			0.78		0.78		1.98			1.52

(1) The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. BB&T's management uses this measure in their analysis of the Corporation's performance. BB&T's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

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