BB&T
214 N Tryon St
Charlotte, NC 28202
See all branch locations →
ACH 057000668
Phone 800 226 5228
2023 Overview
General Bank Information
BB&T is an FDIC insured institution located in Charlotte, NC. It was founded in 1872 and has approximately $532.08 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 | $ 532.08 billion |
| Loans | $ 307.89 billion |
| Deposits | $ 426.98 billion |
| Capital | $ 56.59 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 - March 31, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
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0.01% | $2,500 | $4,999 |
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Money Market
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0.01% | $2,500 | $2,999 |
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Money Market
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0.01% | $10,000 | $14,999 |
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Money Market
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0.01% | $25,000 | $29,999 |
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Premium Money Market Account
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0.05% | $10,000 | $14,999 |
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Premium Money Market Account
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0.05% | $25,000 | $34,999 |
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| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.05% | $10,000 | $14,999 |
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| 6 Mo CD
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0.05% | $100,000 | $199,999 |
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| 6 Mo CD
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0.03% | $100,000 | $199,999 |
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| 9 Months
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4.25% | $10,000 | - |
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| 9 Months
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4.25% | $100,000 | - |
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| 12 Mo CD
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4.00% | $10,000 | $49,999 |
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| 12 Mo CD
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4.00% | $100,000 | - |
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| 18 Mo CD
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0.15% | $10,000 | $14,999 |
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| 18 Mo CD
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0.10% | $10,000 | $14,999 |
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| 18 Mo CD
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0.05% | $10,000 | $14,999 |
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| 18 Mo CD
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0.15% | $100,000 | $199,999 |
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| 18 Mo CD
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0.10% | $100,000 | $199,999 |
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| 18 Mo CD
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0.05% | $100,000 | $199,999 |
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| 24 Mo CD
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0.20% | $10,000 | $14,999 |
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| 24 Mo CD
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0.05% | $10,000 | $14,999 |
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| 24 Mo CD
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0.20% | $100,000 | $199,999 |
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| 24 Mo CD
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0.05% | $100,000 | $199,999 |
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| 30 Mo CD
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0.20% | $10,000 | $14,999 |
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| 30 Mo CD
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0.05% | $10,000 | $14,999 |
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| 30 Mo CD
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0.20% | $100,000 | $199,999 |
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| 30 Mo CD
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0.05% | $100,000 | $199,999 |
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| 36 Mo CD
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0.20% | $10,000 | $14,999 |
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| 36 Mo CD
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0.05% | $10,000 | $14,999 |
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| 36 Mo CD
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0.20% | $100,000 | $199,999 |
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| 36 Mo CD
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0.05% | $100,000 | $199,999 |
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| 48 Mo CD
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0.20% | $10,000 | $14,999 |
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| 48 Mo CD
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0.05% | $10,000 | $14,999 |
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| 48 Mo CD
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0.20% | $100,000 | $199,999 |
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| 48 Mo CD
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0.05% | $100,000 | $199,999 |
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| 60 Mo CD
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0.20% | $10,000 | $14,999 |
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| 60 Mo CD
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0.05% | $10,000 | $14,999 |
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| 60 Mo CD
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0.20% | $100,000 | $199,999 |
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| 60 Mo CD
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0.05% | $100,000 | $199,999 |
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| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
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0.10% | $1 | $999 | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
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0.01% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
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0.01% | $1 | $99 | Learn More |
| Int Ckg
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0.01% | $2,500 | $3,499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| BB&T Bright Banking | 0.00% | $1,500 | $12.00 | Learn More |
| Elite Gold | 0.01% | $25,000 | $30.00 | Learn More |
| BB&T Fundamentals Checking | 0.00% | $0 | $5.00 | Learn More |
| BB&T Student Checking | 0.00% | $0 | $0.00 | Learn More |
Loan Rates - March 31, 2023
Your Current Location: Virginia, VA 20146
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.49% | 6.49% | Varies | |
Compare with RATE Line of Credit from New American Funding, LLC
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year | 4.46% | 4.46% | $347.04 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.52% | 6.81% | $2,220.46 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.95% | 7.75% | $2,353.19 | |
| 20 Year Fixed Conforming See Amortization Table |
8.27% | 8.00% | $2,091.10 | |
| 20 Year Fixed Jumbo See Amortization Table |
8.33% | 8.13% | $2,111.37 | |
| 30 Year Fixed Jumbo See Amortization Table |
6.65% | 6.76% | $1,623.66 | |
| 30 Year Fixed Conforming See Amortization Table |
7.71% | 7.77% | $1,794.14 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.36% | 6.75% | $2,212.27 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.95% | 7.75% | $2,353.19 | |
| 20 Year Fixed Conforming See Amortization Table |
8.27% | 8.00% | $2,091.10 | |
| 20 Year Fixed Jumbo See Amortization Table |
8.33% | 8.13% | $2,111.37 | |
| 30 Year Fixed Jumbo See Amortization Table |
6.65% | 6.76% | $1,623.66 | |
Compare with 6.596% APR and 6.500% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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| 30 Year Fixed Conforming See Amortization Table |
7.45% | 7.67% | $1,777.57 | |
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Compare with 6.596% APR and 6.500% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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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:
Ashburn,Virginia
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 |
|---|---|
| 4.85% | 8.03% |
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 September 30, 2022, BB&T had $2,765,000,000 in non-current loans and $150,000,000 in owned real estate. To cover these potential losses it had $56,594,000,000 in equity and $3,471,000,000 in loans loss reserves. That gives it a Texas Ratio of 4.85%.
Return on Equity
| BB&T | U.S. Bank Average |
|---|---|
| 8.74% | 10.00% |
BB&T has a Return on Equity of 8.74% versus the BestCashCow average of 10.00%. 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 |
|---|---|
| 10.64% | 9.96% |
BB&T has a Capitalization of 10.64% versus the BestCashCow average of 9.96. 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 September 30, 2022, BB&T had assets of $532,080,000,000, loans of $307,886,000,000, and deposits of $426,980,000,000. 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
September 30, 2022| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 22.05 billion |
| Interest-bearing balances | $ 17.12 billion |
| Total securities | $ 132.30 billion |
| Federal funds sold and reverse repurchase | $ 375.00 million |
| Net loans and leases | $ 307.89 billion |
| Loan loss allowance | $ 3.47 billion |
| Trading account assets | $ 3.13 billion |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 150.00 million |
| Goodwill and other intangibles | $ 33.86 billion |
| All other assets | $ 28.61 billion |
| Total Assets | $ 477.59 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 426.98 billion |
| Interest-bearing deposits | $ 281.75 billion |
| Deposits held in domestic offices | $ 426.98 billion |
| % insured (estimated) | 57.19% |
| Federal funds purchased and repurchase agreements | $ 3.73 billion |
| Trading liabilities | $ 3.68 billion |
| Other borrowed funds | $ 17.70 billion |
| Subordinated debt | $ 4.77 billion |
| All other liabilities | $ 10.83 billion |
| Total Liabilities | $ 477.59 billion |
| Shareholders’ Equity | $ 54.49 billion |
Summary Income Statement
September 30, 2022| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 10.78 billion |
| Total Interest Expense | $ 796.00 million |
| Net interest income | $ 9.98 billion |
| Provision for loan and lease losses | $ 197.00 million |
| Total non interest income | $ 5.59 billion |
| Total non interest expense | $ 9.90 billion |
| Pre-tax Net Operating Income | $ 3.46 billion |
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 |
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|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 21.05 | ✓ | ||
| Multifamily Mortgages |
1.43 | ✓ | ||
| Credit Card Loans | 1.05 | ✓ | ||
| Consumer Auto Loans | 8.53 | ✓ | ||
| Small Business Loans | 1.25 | ✓ | ||
| Construction and Development Loans | 2.59 | ✓ | ||
| Commercial Real Estate | 12.95 | ✓ | ||
| Commercial and Industrial Loans | 25.08 | ✓ | ||
| Farm Loans | 0.12 | ✓ | ||
Customer Reviews for BB&T
Customer
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.
Is this review helpful? Yes:2 / No: 1
Anne
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
Is this review helpful? Yes:1 / No: 0
Concerned citizen
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.
Is this review helpful? Yes:2 / No: 0
Concerned citizen
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.
Is this review helpful? Yes:2 / No: 0
Concerned citizen
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.
Is this review helpful? Yes:2 / No: 0
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