| Business Summary | | BB&T
Corporation
is
a
financial
holding
company
that
conducts
its
operations
primarily
in
North
Carolina,
South
Carolina,
Virginia,
Maryland,
Georgia,
West
Virginia,
Tennessee,
Kentucky
and
Washington,
D.C.,
through
its
commercial
banking
subsidiaries
and,
to
a
lesser
extent,
through
its
other
subsidiaries.
The
Company's
principal
banking
subsidiaries,
Branch
Banking
and
Trust
Company,
Branch
Banking
and
Trust
Company
of
South
Carolina,
and
Branch
Banking
and
Trust
Company
of
Virginia,
provide
a
wide
range
of
traditional
banking
services
to
individuals
and
businesses.
The
Company's
loans
are
primarily
to
individuals
and
businesses
located
in
the
geographic
areas
in
which
the
Company
conducts
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BB&T
is
a
multi-bank
holding
Co.,
which
conducts
its
operations
in
NC,
SC,
VA,
MD,
GA,
WV,
KY
and
Washington,
D.C.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
6%
to
$2.35
billion.
Net
interest
income
after
loan
loss
provision
fell
1%
to
$1.01
billion.
Net
income
increased
23%
to
$453.1
million.
Net
interest
income
reflects
higher
interest
earning
assets,
offset
by
higher
costs
of
borrowed
funds.
Net
income
reflects
higher
mortgage
banking
income
and
deposit
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Allison, IV, 52 Chairman,
CEO | $2.4M | $997K | Kelly King, 52 Presdient
and Sr. Exec. VP for the Branch Network | 803K | 142K | Scott Reed, 51 CFO,
Sr. Exec. VP | 677K | -- | Henry Williamson, Jr., 53 COO | 1.2M | 597K | Sherry Kellett, 56 Sr.
Exec. VP and Controller | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|