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BB&T Recaptures $4 Million of Servicing Value.(Brief Article)
Winston-Salem, NC -- BB&T Corp. reported net income of $416.9 million in the fourth quarter, 37% higher than in the fourth quarter of 2003.
Earnings per share were $0.75, up from $0.55 a year earlier. The bank said that fourth-quarter results were negatively affected by $71.8 million of merger-related and nonrecurring items. Full-year results were even better. BB&T earned $1.56 billion in 2004, an increase of 46.3% from 2003.
"2004 marks the 23rd consecutive year that BB&T has achieved record operating results," said chairman and CEO John Allison in a company news release. He also said the company met its strategic goals, including increasing the ratio of fee-based revenue to total revenue.
The company ...
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Source: HighBeam Research, BB&T Recaptures $4 Million of Servicing Value.(Brief Article)