Second Quarter 2018 Earnings Conference Call July 19, 2018 Kelly S. King Chairman and Chief Executive Officer Daryl N. Bible Chief Financial Officer

Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of BB&T. Forward- looking statements are not based on historical facts but instead represent management's expectations and assumptions regarding BB&T's business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances difficult to predict. BB&T's actual results may differ materially from those contemplated by the forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," "could," and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. While there is no assurance any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those in the forward-looking statements include the following, without limitation, as well as the risks and uncertainties more fully discussed under Item 1A-Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2017 and in any of BB&T’s subsequent filings with the Securities and Exchange Commission: = general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, slower deposit and/or asset growth, and a deterioration in credit quality and/or a reduced demand for credit, insurance or other services; = disruptions to the national or global financial markets, including the impact of a downgrade of U.S. government obligations by one of the credit ratings agencies, the economic instability and recessionary conditions in Europe, the eventual exit of the United Kingdom from the European Union; = changes in the interest rate environment, including interest rate changes made by the Federal Reserve, as well as cash flow reassessments may reduce net interest margin and/or the volumes and values of loans and deposits as well as the value of other financial assets and liabilities; = competitive pressures among depository and other financial institutions may increase significantly; = legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged; = local, state or federal taxing authorities may take tax positions that are adverse to BB&T; = a reduction may occur in BB&T's credit ratings; = adverse changes may occur in the securities markets; = competitors of BB&T may have greater financial resources or develop products that enable them to compete more successfully than BB&T and may be subject to different regulatory standards than BB&T; = cybersecurity risks could adversely affect BB&T's business and financial performance or reputation, and BB&T could be liable for financial losses incurred by third parties due to breaches of data shared between financial institutions; = higher-than-expected costs related to information technology infrastructure or a failure to successfully implement future system enhancements could adversely impact BB&T's financial condition and results of operations and could result in significant additional costs to BB&T; = natural or other disasters, including acts of terrorism, could have an adverse effect on BB&T, materially disrupting BB&T's operations or the ability or willingness of customers to access BB&T's products and services; = costs related to the integration of the businesses of BB&T and its merger partners may be greater than expected; = failure to execute on strategic or operational plans, including the ability to successfully complete and/or integrate mergers and acquisitions or fully achieve expected cost savings or revenue growth associated with mergers and acquisitions within the expected time frames could adversely impact financial condition and results of operations; = significant litigation and regulatory proceedings could have a material adverse effect on BB&T; = unfavorable resolution of legal proceedings or other claims and regulatory and other governmental investigations or other inquiries could result in negative publicity, protests, fines, penalties, restrictions on BB&T's operations or ability to expand its business and other negative consequences, all of which could cause reputational damage and adversely impact BB&T's financial conditions and results of operations; = risks resulting from the extensive use of models; = risk management measures may not be fully effective; = deposit attrition, customer loss and/or revenue loss following completed mergers/acquisitions may exceed expectations; and = widespread system outages, caused by the failure of critical internal systems or critical services provided by third parties, could adversely impact BB&T's financial condition and results of operations. Non-GAAP Information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). BB&T's management uses these "non-GAAP" measures in their analysis of the Corporation's performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. The company believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T's management believes investors may find these non-GAAP financial measures useful. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: = 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. = 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. = Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The interest income and average balances for PCI loans are excluded in their entirety as the accounting for these loans can result in significant and unusual trends in yields. The purchase accounting marks and related amortization for a) securities acquired from the FDIC in the Colonial acquisition and b) non-PCI loans, deposits and long-term debt acquired from Susquehanna and National Penn are excluded to approximate their yields at the pre-acquisition rates. BB&T's management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of BB&T's earning assets. = 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. = The adjusted operating leverage 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. = The adjusted performance ratios are non-GAAP in that they exclude merger-related and restructuring charges and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets. BB&T's management uses these measures in their analysis of the Corporation's performance. BB&T's management believes these measures provide 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. = The adjusted net interest margin is a non-GAAP measure in that it estimates the impact on taxable-equivalent net interest income as if the tax reform legislation had not been enacted. 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 tax reform. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in the Appendix. Capital ratios are preliminary.

2018 second quarter performance highlights1 ▪ Net income2 was a record $775 million, up 22.8% vs. 2Q17; net income2 excluding merger- related and restructuring charges was a record $792 million ▪ Diluted EPS was a record $0.99, up 28.6% vs. 2Q17; adjusted diluted EPS was also a record Record Earnings $1.01, up 29.5% vs. 2Q17 ▪ ROA, ROCE and ROTCE were 1.49%, 11.74% and 19.78%, respectively; adjusted ROA, ROCE and ROTCE were 1.52%, 12.01% and 20.21%, respectively ▪ Achieved positive operating leverage vs. 2Q17 ▪ Loans held for investment totaled $144.1 billion, up 3.5% annualized vs. 1Q18 Improved Loans ▪ Net interest margin increased 1 bp to 3.45% vs. 1Q18 and Revenues ▪ Core net interest margin increased 2 bps to 3.34% vs. 1Q18 ▪ Fee income ratio was 42.5%, compared to 41.9% in 1Q18 ▪ GAAP efficiency ratio was 59.7% vs. 60.0% in 1Q18 Controlled ▪ Adjusted efficiency ratio was 57.4% vs. 57.3% in 1Q18 Expenses ▪ Adjusted noninterest expense3 totaled $1.696 billion, an increase of 9.2% annualized vs. 1Q18 and a decrease of 2.1% vs. 2Q17 Strong ▪ NPA ratio was 0.28%, a decrease of 2 bps vs. 1Q18 and 3 bps vs. 2Q17 Credit Quality ▪ NCOs were 30 bps vs. 41 bps in 1Q18 and 37 bps in 2Q17 ▪ Closed on Regions Insurance Group acquisition July 2 Strategic ▪ Approved capital plan includes: Highlights – 8.0% increase in quarterly dividend on top of 13.6% increase in 1Q18 – Up to $1.7 billion in share repurchases 1 Includes non-GAAP measures; refer to non-GAAP reconciliation in the attached Appendix for adjusted measures 2 Net income available to common shareholders 3 Adjusted noninterest expense excludes merger-related and restructuring charges, loss on early extinguishment of debt and selected items listed on page 16 of the Quarterly Performance Summary 3

Selected item affecting earnings Diluted EPS ($ in millions, except per share impact) Pre-Tax After-TaxDiluted EPSImpact Pre -Tax After Tax Impact Merger-related and restructuring charges $ (24) $ (17) $ (0.02) 4

Improved loan growth Average Loans Held for Investment Average Loans Held for Investment ($ in billions) ($ in millions) $150.0 2Q18 v. 1Q18 2Q18 Annualized $143.1 $144.1 $142.7 $142.7 $142.9 Average Increase Balance (Decrease) $140.0 Commercial: C&I $ 59,548 6.3% $130.0 CRE 21,546 2.8 2Q17 3Q17 4Q17 1Q18 2Q18 Leasing 1,862 (2.1) Subtotal-commercial 82,956 5.2 ▪ Average loans and leases held for investment grew 3.5% Retail: annualized vs. 1Q18 Residential mortgage 29,272 6.2 ▪ Experienced solid loan growth vs. 1Q18 in several portfolios: Direct 11,680 (3.8) C&I CRE Indirect 16,804 (2.6) Community Bank Grandbridge Subtotal-retail 57,756 1.6 Corporate Banking CRE - ADC Revolving credit 2,831 4.7 Mortgage warehouse lending Indirect PCI 559 (45.8) Sheffield Sheffield Total $ 144,102 3.5% Commercial Equipment Capital Regional Acceptance ▪ End-of-period loans were $3.2 billion, or 8.9% Dealer floor plan annualized, greater than March 31, 2018 balances Premium Finance ▪ Total auto portfolio began to grow during the quarter 5

Total deposits reflect healthy core growth Average Total Deposits Average Deposits ($ in billions) ($ in millions) $180.0 1.0% 2Q18 v. 1Q18 2Q18 Annualized $160.3 $165.0 $157.4 $158.0 $157.1 $157.7 0.8% Average Increase Balance (Decrease) 0.57% $150.0 0.6% Noninterest-bearing deposits $ 53,963 4.3% 0.46% 0.40% 0.35% Interest checking 26,969 (4.4) $135.0 0.30% 0.4% Money market & savings 62,105 2.7 $120.0 0.2% Subtotal $ 143,037 1.9% 2Q17 3Q17 4Q17 1Q18 2Q18 Time deposits 13,966 3.4 Foreign office deposits – interest-bearing 673 (112.4) Total IBD Cost Total deposits $ 157,676 1.4% Average Noninterest-Bearing Deposits ▪ Total deposits averaged $157.7 billion, an increase of $538 million vs. ($ in billions) 1Q18 – Personal, 49.5% of total $60.0 – Business, 38.9% of total $54.3 $54.0 $52.6 $53.5 $53.4 – Public Funds, 7.7% of total – Other, 3.9% of total $50.0 ▪ Average noninterest-bearing deposits increased $567 million vs. 1Q18 primarily due to increases in personal and business balances $40.0 ▪ The percentage of noninterest-bearing deposits to total deposits was 34.2% compared with 34.0% in 1Q18 2Q17 3Q17 4Q17 1Q18 2Q18 ▪ The cost of interest-bearing deposits was 0.57%, up 11 bps compared to 1Q18 for a 41% effective deposit beta 6

Asset quality remains excellent Annualized Net Charge-offs / Average Loans ▪ Credit quality results reflect lower charge-offs 0.60% and nonperformers – Net charge-offs totaled $109 million, down 11 bps 0.41% 0.37% as a percent of average loans vs. 1Q18 and down 7 0.40% 0.35% 0.36% 0.30% bps vs. 2Q17 – Loans 90 days or more past due and still accruing 0.20% as a percent of loans and leases decreased 4 bps vs. both 1Q18 and 2Q17 0.00% – Loans 30-89 days past due and still accruing as a percent of loans and leases increased 5 bps vs. 2Q17 3Q17 4Q17 1Q18 2Q18 1Q18 due to seasonality and increased 1 bp vs. 2Q17 Total Nonperforming Assets / Total Assets ▪ NPAs remain historically low 0.60% – Driven by declines across all loan categories – NPA ratio matched the 4Q17 level, the lowest level 0.40% 0.31% 0.31% since 3Q06 0.28% 0.30% 0.28% 0.20% 0.00% 2Q17 3Q17 4Q17 1Q18 2Q18 7

Allowance coverage ratios remain strong ALLL Coverage Ratios ▪ Coverage ratios remain strong at 3.49x and 4.00x 2.74x for the allowance to net charge-offs and NPLs, respectively 3.49x 3.50x ▪ The ALLL to loans ratio remained at 1.05% – Excluding loans acquired in business 2.93x acquisitions, the ALLL to loans ratio was 1.11%, 3.00x 2.89x 2.80x down 1 bp vs. 1Q18 2.55x 2.74x ▪ The total provision for credit losses was 2.50x 2.62x $135 million for 2Q18; net charge-offs were 2.49x 2.43x 2.44x $109 million, a reserve build of $26 million 2.00x ▪ Lower provision vs. 1Q18 was due to lower 2Q17 3Q17 4Q17 1Q18 2Q18 loan losses ALLL to Annualized NCOs ALLL to NPLs HFI 8

Net interest margin improvement Net Interest Margin ▪ 2Q18 reported and core NIM increased 1 bp 4.00% and 2 bps, respectively, vs. 1Q18 3.48% 3.47% 3.43% 3.44% 3.45% – Core margin increased due to asset-sensitivity to 3.50% the March rate hike and higher LIBOR rates 3.32% 3.32% 3.34% 3.00% 3.31% 3.28% – Deposit betas increased to support loan growth – Reported margin also reflects the continued 2.50% runoff of purchase accounting benefits 2Q17 3Q17 4Q17 1Q18 2Q18 Reported NIM Core NIM 1 Change in Net Interest Income ▪ Asset-sensitivity to rising interest rates 8.00% 3.76% decreased due to changes in the mix of our 4.00% 2.40% loans and deposits, offset by a decline in the (0.98)% 3.05% investment portfolio balance 0.00% 1.93% -4.00% (5.64)% (0.82)% -8.00% (4.64)% Down 100 Down 25 Up 100 Up 200 at 6/30/18 at 3/31/2018 2 1 See non-GAAP reconciliations included in the attached Appendix 2 The 3/31/18 rate sensitivities have been revised from what was previously reported 9

Fee income seasonally stronger Fee Income Ratio Noninterest Income ($ in millions)1 45.0% 2Q18 v. 2Q18 v. 1Q18 2Q17 44.0% Increase Increase 2Q18 (Decrease) (Decrease) 42.7% 42.7% 43.0% 42.5% Insurance income $ 481 41.4% —% 41.9% 42.0% 41.4% Service charges on deposits 179 34.0 1.7 41.0% Mortgage banking income 94 (20.3) — 40.0% Investment banking and brokerage fees 109 (14.2) 3.8 and commissions 2Q17 3Q17 4Q17 1Q18 2Q18 Trust and investment advisory revenues 72 — 2.9 ▪ Insurance income increased $45 million from 1Q18 Bankcard fees and merchant discounts 72 17.4 (4.0) primarily due to seasonality Checkcard fees 57 38.6 5.6 – The impact of prior years’ events on profit-based commission income negatively impacted 2Q18 Operating lease income 36 (10.8) (2.7) insurance income by about $12 million – No significant impact from prior years’ events Income from bank-owned life insurance 30 (12.9) (6.3) expected in 2H18 Securities gains (losses), net 1 NM NM ▪ Service charges on deposits increased $14 million Other income 91 (56.8) (5.2) vs. 1Q18 primarily due to the system outage in February Total noninterest income $ 1,222 14.3% 0.2% ▪ Mortgage banking income decreased $5 million vs. 1Q18 primarily due to lower gain-on-sale margins ▪ Other income decreased $15 million due to decreases in ▪ Investment banking and brokerage fees and various categories commissions decreased $4 million vs. 1Q18 due to timing of deal closings in 2Q18 vs. 1Q18 1 Linked quarter percentages are annualized 10

Strong expense management Efficiency Ratio Noninterest Expense ($ in millions) 2 70.0% 2Q18 v. 2Q18 v. 64.7% 1Q18 2Q17 Increase Increase 61.0% 62.0% 60.0% 59.7% 2Q18 (Decrease) (Decrease) 60.0% Personnel expense $ 1,074 13.5% 0.6 % 58.6% 58.3% 57.2% 57.3% 57.4% Occupancy and equipment expense 187 (14.5) (5.6) 50.0% Software expense 67 12.3 17.5 2Q17 3Q17 4Q17 1Q18 2Q18 Outside IT services 32 — (17.9) GAAP Adjusted1 Regulatory charges 39 (10.0) 8.3 Amortization of intangibles 31 (24.3) (13.9) ▪ Personnel expense increased $35 million vs. 1Q18 Loan-related expense 26 (41.5) (27.8) primarily driven by higher performance-based incentives and merit salary increases Professional services 32 26.7 (15.8) – Average FTEs decreased 126 from 1Q18 Merger-related and restructuring charges, net 24 (57.3) 140.0 ▪ Occupancy and equipment expense decreased $7 Other expense 208 24.6 (7.1) million from 1Q18 primarily due to a 4.0% reduction in BB&T-occupied space since the beginning of the year Total noninterest expense $ 1,720 8.1% (1.3)% ▪ Other expense increased $12 million primarily due to Adjusted noninterest expense3 $ 1,696 9.2% (2.1)% an increase in the Visa indemnification reserve and increases in various categories 1 Refer to the Appendix for appropriate reconciliations of non-GAAP financial measures 2 Linked quarter percentages are annualized 3 Excludes merger-related and restructuring charges, loss on early extinguishment of debt and selected items listed on page 16 of the Quarterly Performance Summary 11

Capital, liquidity and payout ratio remain strong Common Equity Tier 1 ▪ 2Q18 dividend payout ratio was 37.5% 10.5% ▪ 2Q18 total payout ratio was 77.5% 10.3% 10.2% 10.2% 10.2% 10.2% ▪ Completed $310 million in share repurchases in 2Q18 10.0% ▪ Liquidity ratios remain strong – Modified LCR was 131% – Liquid asset buffer was 14.3% ▪ CCAR 2018 approved capital plan includes: 9.5% – $0.03 increase in quarterly dividend on top of $0.045 increase in 1Q18; represents 22.7% cumulative increase since 4Q17 – Up to $1.7 billion in share repurchases; the acquisition of Regions Insurance will impact share repurchase in 3Q18 9.0% 2Q17 3Q17 4Q17 1Q18 2Q18 Current quarter regulatory capital information is preliminary 12

Community Banking Retail and Consumer Finance Serves individual and business clients by offering a variety of loan and deposit products and other financial services. Also, originates and sells mortgage loans and retains mortgage servicing rights. Comments Summarized Results Inc (Dec) Inc (Dec) ($ in millions) 2Q18 vs. 1Q18 vs. 2Q17 ▪ Community Banking continues to execute on branch Net interest income $ 923 $ 37 $ 31 rationalization: – Completed 80 branch closures in 2Q18; expected to decline by Noninterest income 354 15 1 approximately 85 branches during the 2nd half of 2018 Provision for credit losses 110 (12) (8) ($ in millions) 2Q18 1Q18 2Q17 Other $40 $38 $41 Noninterest expense 667 (6) (15) $68 Mortgage banking $77 $72 income Income tax expense 123 17 (43) Service charges on $112 $99 $107 Segment net income $ 377 $ 53 $ 98 deposits $134 $134 Card-based fees $125 1 Highlighted Metrics Inc (Dec) Inc (Dec) Total noninterest income $354 $339 $353 ($ in billions) 2Q18 vs. 1Q18 vs. 2Q17 2 ▪ Mortgage origination increase due to seasonality. Retail Mortgage originations $ 1.4 16.7 % (17.3)% originations increase driven by prime auto program Retail originations, excluding enhancement and seasonal increases in Direct Retail Lending mortgage2 $ 3.3 54.2 % 13.3 % ▪ Noninterest income increased vs. 1Q18 due to seasonal Purchases3 $ 4.2 63.3 % 135.7 % increases in card based fees and service charges on deposits returning to normalized levels following the system outage Loans serviced for others (EOP) $ 88.5 (1.1)% (1.8)% impact in 1Q18 Operating margin4 47.8% 2.7 % 2.5 % ▪ Noninterest expense decreased vs. 1Q18 as a result of the ongoing expense rationalization initiatives 1 Linked quarter growth rates annualized, except for originations and purchases 2 Production/origination amounts exclude portfolio acquisitions, unfunded commitments, and revolving credit 3 Purchases include portfolio acquisitions and mortgages acquired through correspondent channels 4 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues 13

Community Banking Retail and Consumer Finance-continued Average Loans1,2 Average Deposits2 ($ in billions) 2Q18 1Q18 2Q17 ($ in billions) 2Q18 1Q18 2Q17 Bank Card Noninterest-bearing deposits $5.3 $15.7 Sheffield & CEC $5.6 $5.3 $17.0 $16.3 $11.6 $11.7 $11.9 $16.5 Direct Retail Lending Interest checking $16.0 $16.0 $12.8 $13.1 $14.3 Indirect Dealer Retail Services Money market & savings $35.2 $35.2 $35.5 Mortgage & Mortgage $30.7 $29.9 $30.8 Warehouse Lending Time deposits $11.0 $10.8 $11.6 Total loans $63.5 $62.8 $65.0 Total deposits $79.3 $78.3 $79.3 Loan yield 5.51% 5.43% 5.23% Cost of deposits: Net charge-offs 0.62% 0.82% 0.72% Interest-bearing 0.28% 0.23% 0.20% Nonaccrual loans 0.38% 0.43% 0.40% Total 0.22% 0.19% 0.16% ▪ Average mortgage portfolio balances have increased ▪ Deposit interest costs have increased 5 bps due to $833 million vs. 1Q18 market promotions in response to rising interest rates ▪ Auto portfolio balances stabilized during 2Q18 and ▪ Noninterest-bearing deposits grew at an annualized are expected to continue to grow going forward rate of 18.9% and 8.3% vs. 1Q18 and 2Q17, ▪ Asset quality remains strong respectively ▪ The implied deposit beta vs. 1Q18 was approximately 19% ▪ Since the beginning of this rate hike cycle in 4Q15, interest-bearing deposit costs are flat, implying a zero deposit beta 1 Excludes loans held for sale 2 Applicable ratios are annualized 14

Community Banking Commercial Serves large, medium and small business clients by offering a variety of loan and deposit products and connecting the client with the combined organization’s broad array of financial services. Summarized Results Inc (Dec) Inc (Dec) Comments ($ in millions) 2Q18 vs. 1Q18 vs. 2Q17 Net interest income $ 545 $ 11 $ 20 ▪ Average weekly commercial pipeline improved vs. 1Q18 and 2Q17 Noninterest income 108 3 (1) ▪ Linked quarter loan production was up 11.6% Provision for credit losses 42 5 (4) driven by strong CRE production Noninterest expense 254 — (66) ▪ Operating margin improvement on both like and linked quarters Income tax expense 80 2 (11) – Linked quarter benefited from the flat expenses, Segment net income $ 277 $ 7 $ 100 deposit spread expansion and loan growth – Like quarter comparison driven by multiple 1 positive factors Highlighted Metrics Inc (Dec) Inc (Dec) ($ in billions) 2Q18 vs. 1Q18 vs. 2Q17 – Growth in CRE loans and noninterest-bearing deposits C&I loans $ 32.6 4.1 % 0.7 % – Increasing spreads on deposits CRE loans $ 19.7 (0.2)% 5.0 % Noninterest-bearing deposits $ 34.5 (1.0)% 1.4 % Interest-bearing deposits $ 24.6 (1.9)% (3.1)% Operating margin2 61.1% 0.9 % 11.6 % 1 Linked quarter growth rates annualized; balances are quarterly averages 2 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues 15

Community Banking Commercial-continued Average Loans1,2 Average Deposits2 ($ in billions) 2Q18 1Q18 2Q17 ($ in billions) 2Q18 1Q18 2Q17 Other Noninterest-bearing deposits $19.7 CRE $19.7 $18.8 $34.5 $34.5 $33.9 $1.7 $1.7 $1.5 Interest checking Dealer floor plan $8.5 $9.1 $9.3 $30.9 $30.6 $30.9 Money market & savings C&I $15.2 $14.9 $15.1 Time deposits Total loans $52.6 $52.3 $51.6 Total deposits $59.1 $59.3 $59.3 Loan yield 4.23% 4.08% 3.84% Cost of deposits: Net charge-offs 0.03% 0.11% 0.12% Interest-bearing 0.70% 0.52% 0.36% Nonaccrual loans 0.59% 0.64% 0.84% Total 0.29% 0.22% 0.15% ▪ Total average loans grew 2.1% annualized vs. 1Q18 ▪ Total balances declined slightly in 2Q18 vs. 1Q18 – C&I loans increased 3.5% – A decrease in public fund balances was slightly offset – Dealer floor plan increased 15.5% by an increase in commercial balances – CRE - ADC increased 12.3% ▪ The implied deposit beta vs. 1Q18 was approximately – CRE - IPP decreased 3.6% 67% ▪ Total end-of-period loans grew 4.4% annualized ▪ Since the beginning of this rate hike cycle in 4Q15, from 3/31/18 interest-bearing deposit costs were up approximately ▪ Total C&I and CRE loans spreads have decreased 48 bps, implying a deposit beta of approximately 32% due to competitive pressures – Loan spreads decreased 8 bps vs. 1Q18 – Loan spreads decreased 23 bps vs. 2Q17 1 Excludes loans held for sale 2 Applicable ratios are annualized 16

Financial Services and Commercial Finance Provides trust services, wealth management, investment counseling, asset management, estate planning, corporate retirement services, specialty finance, corporate banking, and capital market services to individuals, corporations, governments, and other organizations Summarized Results Inc (Dec) Inc (Dec) Comments ($ in millions) 2Q18 vs. 1Q18 vs. 2Q17 ▪ The growth in net interest income is attributable to loan Net interest income $ 188 $ 11 $ 5 growth and increased deposit spreads Noninterest income 303 2 6 ▪ The increase in noninterest income vs. 2Q17 was driven primarily by higher commercial mortgage banking Provision for credit losses (4) 1 13 income Noninterest expense 312 11 12 33.2% Income tax expense 38 — (25) Segment net income $ 145 $ 1 $ 11 2Q18 vs. 5.8% 1Q18 3.4% 3.2% Highlighted Metrics1 2Q18 vs. Inc (Dec) Inc (Dec) 2Q17 ($ in billions) 2Q18 vs. 1Q18 vs. 2Q17 (5.2)% (16.8)% Total invested assets $164.1 5.9 % 8.4 % Invested assets noninterest Brokerage CMBI Trust income ($ in millions) $ 161 2.5 % 7.5 % ▪ The increase in allocated provision for credit losses vs. Operating margin2 36.5% (0.6)% (1.0)% 2Q17 was driven by higher loss estimates and increased charge-offs ▪ Expense growth was primarily driven by an increase in incentive-based compensation 1 Linked quarter growth rates annualized, except for production and sales 2 Operating margin is calculated as net income before taxes and provision for credit losses divided by total revenues 17

Financial Services and Commercial Finance-continued Average Loans1,2 Average Deposits2 ($ in billions) 2Q18 1Q18 2Q17 ($ in billions) 2Q18 1Q18 2Q17 Other $1.9 $1.9 Noninterest-bearing deposits $2.8 $1.5 $1.5 $1.7 $2.5 $2.6 $6.1 $1.9 $1.3 Retail $1.7 $5.3 $5.2 $1.6 Interest checking Comm Lease $20.9 CRE $21.8 $21.7 $20.6 Money market & savings $18.7 $18.8 C&I Time deposits $1.5 $1.4 $1.5 Total loans $27.2 $26.9 $25.3 Total deposits $28.1 $28.1 $31.2 Loan yield 3.56% 3.30% 3.21% Cost of deposits: Net charge-offs 0.09% 0.03% —% Interest-bearing 0.99% 0.79% 0.55% Nonaccrual loans 0.20% 0.24% 0.20% Total 0.90% 0.71% 0.50% ▪ Average loan balances of $27.2 billion were 4.4% ▪ Average deposit balances of $28.1 billion were flat higher than 1Q18 and 7.5% higher than 2Q17 with 1Q18 and 10.0% lower than 2Q17 ▪ Loan spreads increased 5 bps in 2Q18 vs. 1Q18; loan ▪ Total deposit costs have risen 40 bps to 0.90% since spreads decreased 28 bps vs. 2Q17 2Q17 due to short-term rate increases ▪ ▪ The implied deposit beta vs. 1Q18 was approximately 2 2Q18 vs. 2Q18 vs. Growth by LOB 1Q18 2Q17 74% Corporate Banking 3.5 % 4.7% ▪ Since the beginning of this rate hike cycle in 4Q15, Wealth 8.8 % 14.5% interest bearing deposit costs were up approximately Equipment Finance 1.3 % 12.5% 69 bps, implying a deposit beta of approximately 46% Governmental Finance (0.7)% 8.8% Grandbridge 28.6 % 15.0% 1 Excludes loans held for sale 2 Applicable ratios are annualized 18

Insurance Holdings and Premium Finance Provides property and casualty, life, and health insurance to business and individual clients. It also provides workers compensation and professional liability, as well as surety coverage, title insurance and premium finance. Summarized Results Inc (Dec) Inc (Dec) Comments ($ in millions) 2Q18 vs. 1Q18 vs. 2Q17 ▪ Insurance Holdings organic commission and fee Net interest income $ 22 $ 2 $ 2 revenue3 growth: Noninterest income 484 45 (1) 5.2% 4.2% 2Q18 vs 2Q17 Provision for credit losses — (1) (1) YTD18 Noninterest expense 408 33 — vs YTD17 Income tax expense 25 4 (11) ▪ Organic revenue growth driven by a 15% like quarter increase in new business Segment net income $ 73 $ 11 $ 13 – Strong organic revenue growth has largely offset anticipated decline in 2018 performance-based commissions Highlighted Metrics Inc (Dec) Inc (Dec) ▪ Insurance Holdings EBITDA margin2: ($ in millions) 2Q18 vs. 1Q18 vs. 2Q17 22.3% 22.5% 1 Total agencies 211 — (3) 2Q18 Insurance Holdings EBITDA 2 margin 22.3% 1.5% (0.2)% 2Q17 ▪ BB&T Insurance Holdings completed its purchase of Regions Insurance Group on July 2nd ▪ BB&T Insurance Services and Regions Insurance Group were rebranded as McGriff Insurance Services 1 U.S. locations; count includes shared locations 2 EBITDA margin is a measurement of operating profitability calculated by dividing pre-tax net income adjusted to add back interest, depreciation, intangible amortization and merger-related charges by total revenue 3 Organic commission and fee revenue excludes performance-based commissions and revenue from acquisitions within the previous 12 months 19

3Q18 and full-year 2018 outlook Category 3Q18 Average total loans Up 2% - 4% annualized vs. 2Q18 Credit quality NCOs expected to be 35 - 45 bps Net interest margin GAAP and core margins up slightly vs. 2Q18 Noninterest income3 Up 3% - 5% vs. 3Q17 Expenses1,3 Up 1% - 3% vs. 3Q17 Effective tax rate 20% Category Full-year 2018 Average total loans Up 1% - 3% vs. 2017 Revenue2,3 Up 1% - 3% vs. 2017 Expenses1,3 Flat vs. 2017 Effective tax rate 20% - 21% 1 Excludes merger-related and restructuring charges and selected items listed on page 16 of the Quarterly Performance Summary 2 Taxable-equivalent 3 Includes Regions Insurance Group 20

Disrupt or Die Increased branch closures Rationalize / improve (148 in 2017 and 160-170 2018) risk management Optimize systems branch Voice of the Client Consistent network Substantially Small Business focus FTE reductions positive increase digital operating client services Enhance “U” No new major leverage and marketing Large increase in systems projects social media and advertising New branch products Renew focus on A.I. and strategies Reconceptualizing commercial and Restructure and Our digitize support retail Robotics Regional Presidents Businesses services drive commercial community bank strategies and IRM Agile DevOps Corporate Robotics process Improve Insurance improvements profitability and Increase Sheffield grow faster national lending Mortgage IRM (organic & businesses acquisitions) Expand wealth CRE and fee businesses Equipment Finance Asset management and brokerage IRM 21

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Appendix

Supplemental information Purchase accounting summary (Dollars in millions) Acc. Yield PA Mark Acquired Loans1 Non-PCI Loans2 Liabilities3 Securities4 Balance, March 31, 2018 $ (331) $ (152) $ (22) $ (377) Net interest income: Normal accretion/amortization 21 13 4 7 Cash recoveries / early payoffs / duration adjustments 5 5 — — Total net interest income 26 18 4 7 Other (19) — — — Balance, June 30, 2018 $ (324) $ (134) $ (18) $ (370) NBV/amortized cost of related assets (liabilities) at June 30, 2018 $ 533 $ 8,737 $ (670) $ 303 1 Accretable yield represents the difference between total expected cash flows and the carrying value of the related loan pools. It is recognized using level-yield method over the remaining expected life of the pools (subject to future cash- flow reassessments). Includes all PCI loans and other loans acquired from Colonial that are accounted for under ASC 310-30. 2 Purchase accounting loan marks on Susquehanna and National Penn non-PCI loans represents the total mark, including credit and interest, and are recognized using level-yield method over the remaining life of the individual loans or recognized in full in the event of prepayment. Not subject to future cash flow reassessments. 3 Purchase accounting marks on liabilities represents interest rate marks on Susquehanna and National Penn time deposits and long-term debt and are recognized using level-yield method over the term of the liability. 4 Purchase accounting securities marks represents securities acquired in the Colonial acquisition and are recognized using level-yield method over the expected maturity of the underlying securities. Subject to reassessment of prepayments, as applicable. The mark is also used for payment shortfalls and credit losses. A-1

Non-GAAP reconciliations Efficiency ratio (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 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 - revenue1 - 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 - adjusted2 57.4 57.3 57.2 58.3 58.6 57.4 58.3 1 Revenue is defined as net interest income plus noninterest income. 2 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. A-2

Non-GAAP reconciliations Calculations of tangible common equity and related measures (Dollars in millions, except per share data, shares in thousands) As of / Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 2018 2018 2017 2017 2017 Common shareholders' equity $ 26,727 $ 26,559 $ 26,595 $ 26,757 $ 27,254 Less: Intangible assets 10,264 10,296 10,329 10,363 10,400 Tangible common shareholders' equity1 $ 16,463 $ 16,263 $ 16,266 $ 16,394 $ 16,854 Outstanding shares at end of period 774,447 779,752 782,006 788,921 808,093 Common shareholders' equity per common share $ 34.51 $ 34.06 $ 34.01 $ 33.92 $ 33.73 Tangible common shareholders' equity per common share1 21.26 20.86 20.80 20.78 20.86 Net income available to common shareholders $ 775 $ 745 $ 614 $ 597 $ 631 Plus amortization of intangibles, net of tax 24 24 21 22 22 Tangible net income available to common shareholders1 $ 799 $ 769 $ 635 $ 619 $ 653 Average common shareholders' equity $ 26,483 $ 26,428 $ 26,759 $ 26,857 $ 27,208 Less: Average intangible assets 10,281 10,312 10,346 10,382 10,418 Average tangible common shareholders' equity1 $ 16,202 $ 16,116 $ 16,413 $ 16,475 $ 16,790 Return on average common shareholders' equity 11.74% 11.43% 9.10% 8.82% 9.30% Return on average tangible common shareholders' equity1 19.78 19.36 15.35 14.89 15.60 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. A-3

Non-GAAP reconciliations Core NIM (Dollars in millions) Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 2018 2018 2017 2017 2017 Net interest income - GAAP $ 1,657 $ 1,633 $ 1,644 $ 1,647 $ 1,635 Taxable-equivalent adjustment 22 23 38 41 40 Net interest income - taxable-equivalent 1,679 1,656 1,682 1,688 1,675 Interest income - PCI loans (26) (30) (36) (32) (37) Accretion of mark on Susquehanna and National Penn non-PCI loans (18) (22) (29) (32) (25) Accretion of mark on Susquehanna and National Penn liabilities (4) (5) (5) (5) (6) Accretion of mark on securities acquired from FDIC (7) — (5) (10) (16) Net interest income - core1 $ 1,624 $ 1,599 $ 1,607 $ 1,609 $ 1,591 Average earning assets - GAAP $ 195,094 $ 194,530 $ 195,305 $ 193,073 $ 193,386 Average balance - PCI loans (559) (632) (689) (742) (825) Average balance - mark on Susquehanna and National Penn non-PCI loans 143 163 188 219 248 Average balance - mark on securities acquired from FDIC 373 372 377 387 403 Average earning assets - core1 $ 195,051 $ 194,433 $ 195,181 $ 192,937 $ 193,212 Annualized net interest margin: Reported - taxable-equivalent 3.45% 3.44% 3.43% 3.48% 3.47% Core1 3.34 3.32 3.28 3.32 3.31 1 Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The interest income and average balances for PCI loans are excluded in their entirety as the accounting for these loans can result in significant and unusual trends in yields. The purchase accounting marks and related amortization for a) securities acquired from the FDIC in the Colonial acquisition and b) non-PCI loans, deposits and long-term debt acquired from Susquehanna and National Penn are excluded to approximate their yields at the pre-acquisition rates. BB&T's management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of BB&T's earning assets. A-4

Non-GAAP reconciliations Diluted EPS (Dollars in millions, except per share data, shares in thousands) Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 YTD June 30 2018 2018 2017 2017 2017 2018 2017 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 - adjusted1 $ 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 - adjusted1 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. A-5

Non-GAAP reconciliations Operating leverage1 (Dollars in millions) Quarter Ended June 30 March 31 June 30 % Growth 2Q18 vs. 2018 2018 2017 1Q18 2Q17 (annualized) Revenue2 - GAAP $ 2,879 $ 2,813 $ 2,855 9.4% 0.8% Taxable equivalent adjustment 22 23 40 Securities (gains) losses, net (1) — — Revenue2 - adjusted $ 2,900 $ 2,836 $ 2,895 9.1% 0.2% Noninterest expense - GAAP $ 1,720 $ 1,686 $ 1,742 8.1% (1.3)% Amortization of intangibles (31) (33) (36) Merger-related and restructuring charges, net (24) (28) (10) Noninterest expense - adjusted $ 1,665 $ 1,625 $ 1,696 9.9% (1.8)% Operating leverage - GAAP 1.3% 2.1% Operating leverage - adjusted3 (0.8) 2.0 % 1 Operating leverage is defined as percentage growth in revenue growth less percentage growth in noninterest expense. 2 Revenue is defined as net interest income plus noninterest income. 3 The adjusted operating leverage 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. A-6

Non-GAAP reconciliations Performance ratios (Dollars in millions, except per share data, shares in thousands) Quarter Ended June 30, 2018 Common Tangible Assets Equity Common Equity2 Net income - GAAP $ 822 Net income available to common shareholders - GAAP $ 775 $ 775 Merger-related and restructuring charges 17 17 17 Amortization of intangibles, net of tax — — 24 Numerator - adjusted1 $ 839 $ 792 $ 816 Average assets $ 221,344 Average common shareholders' equity $ 26,483 $ 26,483 Plus: Estimated impact of adjustments on denominator — 9 9 Less: Average intangible assets (10,281) Denominator - adjusted1 $ 221,344 $ 26,492 $ 16,211 Reported ratio 1.49% 11.74% 19.78% Adjusted ratio 1.52 12.01 20.21 1 The adjusted performance ratios are non-GAAP in that they exclude merger-related and restructuring charges and, in the case of return on average tangible common shareholders' equity, amortization of intangible assets. BB&T's management uses these measures in their analysis of the Corporation's performance. BB&T's management believes these measures provide 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. 2 Tangible common equity - reported ratio is a non-GAAP measure. See the non-GAAP reconciliation on page A-5 A-7