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BB&T tops Street 4Q forecasts

BB&T
Davis Turner | Bloomberg | Getty Images

BB&T on Thursday reported fourth-quarter profit of $594 million.

The Winston-Salem, North Carolina-based bank said it had earnings of 76 cents per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The regional banking company posted revenue of $2.34 billion in the period, which also beat Street forecasts. Analysts expected $2.33 billion, according to Zacks.

For the year, the company reported profit of $2.15 billion, or $2.75 per share. Revenue was reported as $9.16 billion.

BB&T shares have decreased slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased slightly more than 1 percent. The stock has decreased slightly more than 9 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBT at http://www.zacks.com/ap/BBT.