BB&T reports record net income
CHARLESTON, W.Va. - BB&T Corp. reported record net income of $1.9 billion for 2012, a 49 percent increase from 2011.
Kelly King, BB&T's chairman and chief executive officer, said, "We achieved record net income for the year and accomplished most of our strategic initiatives. Non-interest income grew 23 percent annually, led by record performances in mortgage banking, insurance and investment banking and brokerage."
BB&T Corp. is headquartered in Winston-Salem, N.C. The company has $183.9 billion in assets and operates 1,830 financial centers in 12 states and Washington, D.C., including 77 in West Virginia. BB&T became the largest bank in West Virginia in 2000 when it bought One Valley Bancorp.