By: Benzinga
April 18, 2013 at 08:09 AM EDT
UPDATE: BB&T Q1 Earnings Down 44%
BB&T (NYSE: BBT ) reported a 44% drop in its first-quarter earnings. BB&T's quarterly profit fell to $240 million, or $0.29 per share, from $431 million, or $0.61 per share, in the year-ago period. Excluding one-time items, it earned $0.69 per share. Its total revenue climbed 5% to $2.42 billion.
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