Revenue edged up 1 percent to $2.5 billion, topped Wall Street expectations of $2.46 billion.
Chairman and CEO Kelly King said it was the strongest quarterly earnings in BB&T Corp.'s history.
"These results reflect record performances from our insurance, investment banking and brokerage, and trust and investment advisory businesses," King said. "Improvement in credit quality accelerated this quarter and resulted in our best credit quality levels in five years."
Provision for credit losses, excluding covered loans, fell to $179 million from $247 million in the first quarter as credit quality continued to improve. Provision for credit losses is the money set aside to cover soured loans.
Net charge-offs, excluding covered loans, dropped to $215 million from $275 million in the first quarter. These charge-offs are loans written off as uncollectible. BB&T said that the net charge-offs were at the lowest point since 2008's second quarter.
Loan delinquencies also continued to improve. Non-government guaranteed loans that were 30 to 89 days past due and still accruing fell to $940 million from $956 million in the first quarter. Loans 90 days past due and still accruing declined to $123 million from $138 million in the first quarter.
Columbus, Ohio-based Huntington Bancshares reported a slight 1 percent drop in second quarter earnings.
Its net income of $150.7 million was down $2.1 million from the same quarter last year and down $1.1 million from the first quarter of this year. Earnings 17-cents a share were unchanged from the previous and year-ago quarters.
Andy Paterno, president of the company's West Virginia region, said the residential mortgage market was particularly strong in the state during the first six months of the year.
"Mortgage lending has been really good in West Virginia," Paterno said. "It's been a real bright spot for us through first six months."
The company's overall loan originations were up 15 percent during the recent quarter.
Like its counterparts, the company reported overall credit charge-offs and loan delinquencies have been declining in recent months.
On a year-over-year basis, the company reported 10.6 percent growth in its number of consumer checking accounts, with commercial accounts growing 7.4 percent.