BB&T

Headquarters

214 N Tryon St
Charlotte, NC 28202
See all branch locations →

Phone 800 226 5228

Notable Rates APY Vs.Others
Savings 0.01% 2.55% →
1-Year CD 0.10% 2.85% →
2-Year CD 0.20% 3.20% →
5-Year CD 0.20% 3.65% →
30-Year Mortgage 8.50% 6.31% →
15-Year Mortgage 7.95% 5.86% →
HELOC 4.99% 2.79% →

2022 Overview

General Bank Information

BB&T is an FDIC insured institution located in Charlotte, NC. It was founded in 1872 and has approximately $531.05 billion in assets. Customers can open an account at one of its 2,325 branches.

FDIC Insured Yes
FDIC Certificate # 9846
Date Established 1872
Assets $ 531.05 billion
Loans $ 286.95 billion
Deposits $ 439.24 billion
Capital $ 60.53 billion
 

For a more detailed analysis of BB&T's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 17, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
Premium Money Market Account
0.05% $10,000 $14,999 Learn More
Premium Money Market Account
0.05% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.10% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.10% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.20% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.20% $10,000 $14,999 Learn More
30 Mo CD
0.25% $100,000 $199,999 Learn More
30 Mo CD
0.20% $100,000 $199,999 Learn More
36 Mo CD
0.20% $10,000 $14,999 Learn More
36 Mo CD
0.20% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.20% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.20% $100,000 $199,999 Learn More
60 Mo CD
0.20% $10,000 $14,999 Learn More
60 Mo CD
0.20% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.01% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
BB&T Bright Banking 0.00% $1,500 $12.00 Learn MoreShow Less
Elite Gold 0.01% $25,000 $30.00 Learn MoreShow Less
BB&T Fundamentals Checking 0.00% $0 $5.00 Learn MoreShow Less
BB&T Student Checking 0.00% $0 $0.00 Learn MoreShow Less
 

Loan Rates - August 17, 2022

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.19% 2.19% $718.14
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

BB&T branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut



Climate Initiatives

Truist Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

BB&T Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BB&T. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BB&T U.S. Bank Average
4.78% 4.01%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2022, BB&T had $2,882,000,000 in non-current loans and $177,000,000 in owned real estate. To cover these potential losses it had $60,529,000,000 in equity and $3,429,000,000 in loans loss reserves. That gives it a Texas Ratio of 4.78%.

Return on Equity
BB&T U.S. Bank Average
8.16% 9.01%

BB&T has a Return on Equity of 8.16% versus the BestCashCow average of 9.01%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
BB&T U.S. Bank Average
11.4% 10.66%

BB&T has a Capitalization of 11.4% versus the BestCashCow average of 10.66. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

BB&T Balance Sheet Analysis

As of March 31, 2022, BB&T had assets of $531,045,000,000, loans of $286,953,000,000, and deposits of $439,236,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2022
ASSETS
Cash & Balances due from depository institutions $ 28.91 billion
Interest-bearing balances $ 23.44 billion
Total securities $ 147.05 billion
Federal funds sold and reverse repurchase $ 82.00 million
Net loans and leases $ 286.95 billion
Loan loss allowance $ 3.43 billion
Trading account assets $ 4.17 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 177.00 million
Goodwill and other intangibles $ 32.51 billion
All other assets $ 26.74 billion
     Total Assets $ 470.52 billion
LIABILITIES
Total deposits $ 439.24 billion
      Interest-bearing deposits $ 287.79 billion
      Deposits held in domestic offices $ 439.24 billion
      % insured (estimated) 56.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 1,446.00 million
Other borrowed funds $ 15.11 billion
Subordinated debt $ 4.91 billion
All other liabilities $ 9.82 billion
      Total Liabilities $ 470.52 billion
      Shareholders’ Equity $ 60.53 billion

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 3.15 billion
Total Interest Expense $ 110.00 million
Net interest income $ 3.04 billion
Provision for loan and lease losses N.A.
Total non interest income $ 1,893.00 million
Total non interest expense $ 3.36 billion
Pre-tax Net Operating Income $ 1,692.00 million

Bank Loan Profile?

The top three loan types in BB&T’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in North Carolina, Truist Bank has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.69
Multifamily
Mortgages
1.43
Credit Card Loans 1.12
Consumer Auto Loans 8.49
Small Business Loans 1.45
Construction and Development Loans 2.94
Commercial Real Estate 14.24
Commercial and Industrial Loans 25.23
Farm Loans 0.12

Customer Reviews for BB&T


  • July 28, 2022

    Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enjoying the virtually free money they are getting to use.

  • May 4, 2022 |

    I have been a customer with BB&T for more than 15 years. Acct taken over by Truist. They are now charging my credit card 75% of my card payment with no notice. I have 823 credit rating; more than 90k in my checking account; have never been late ever. If
    the

  • August 3, 2020

    I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.

  • August 3, 2020

    I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.

  • August 3, 2020

    I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.

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