BBT BB and T Corporation

   By Allison Prang 
 

BB&T Corp.'s (BBT) net income climbed as its top line rose as a result of higher net interest income and noninterest income.

BB&T said earnings were $1.09 a share, up from 99 cents a share. Analysts polled by FactSet were expecting earnings of $1.07 a share.

Adjusted earnings, omitting items from the company's merger with SunTrust Banks Inc., were $1.12 a share.

Total taxable-equivalent revenue rose 5.7% to $3.07 billion. With the taxable-equivalent adjustment, revenue rose 5.7% to $3.04 billion. Noninterest income and net interest income increased.

The company's provision for credit losses was $172 million, up 27% year over year.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

July 18, 2019 06:25 ET (10:25 GMT)

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