BB&T Corporation (NYSE:BBT) Files An 8-K Other EventsITEM 8.01
BB&T Corporation (NYSE:BBT) Files An 8-K Other Events
Results of Operations and Financial Condition
On June 28, 2017, BB&T Corporation (“BB&T”) announced that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions.
The timing and exact amount of repurchases will be consistent with BB&T’s capital plan and subject to various factors, including BB&T’s capital position, liquidity, financial performance, alternative uses of capital, stock trading price, and general market conditions, and may be suspended at any time. The common stock repurchases may be executed through open market purchases, privately negotiated transactions, trading plans established in accordance with Securities and Exchange Commission rules or other means.
A copy of the news release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.
This Current Report on Form 8-K (including the Exhibit hereto) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of BB&T’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause BB&T’s actual results to differ materially from those described in the forward-looking statements can be found in BB&T’s Annual Report on Form 10-K for the year ended December 31, 2016, Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 and Current Report on Form 8-K dated April 24, 2017, which have been filed with the Securities and Exchange Commission and are available on BB&T’s website (https://bbt.investorroom.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). BB&T does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.
ITEM 9.01
Financial Statements and Exhibits
Exhibit No.
Description of Exhibit
99.1
Press release announcing that the Board of Governors accepted BB&T Corporation’s capital plan.
BB&T CORP ExhibitEX-99.1 2 ex991-ccarrelease.htm EXHIBIT 99.1 Exhibit June 28,…To view the full exhibit click
BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. Its segments include Community Banking, which offers a range of loan and deposit products and other financial services; Residential Mortgage Banking, which retains and services mortgage loans originated by Community Banking, as well as those purchased from various correspondent originators; Dealer Financial Services, which originate loans to consumers on a prime and nonprime basis for the purchase of automobiles; Specialized Lending, which consists of business units and subsidiaries that provide finance products to consumers and businesses; Insurance Services, which provide property and casualty, employee benefits and life insurance to businesses and individuals; Financial Services, which provide asset management, corporate trust services and others, and Other, Treasury and Corporate
here About BB&T Corporation (NYSE:BBT) BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. Its segments include Community Banking, which offers a range of loan and deposit products and other financial services; Residential Mortgage Banking, which retains and services mortgage loans originated by Community Banking, as well as those purchased from various correspondent originators; Dealer Financial Services, which originate loans to consumers on a prime and nonprime basis for the purchase of automobiles; Specialized Lending, which consists of business units and subsidiaries that provide finance products to consumers and businesses; Insurance Services, which provide property and casualty, employee benefits and life insurance to businesses and individuals; Financial Services, which provide asset management, corporate trust services and others, and Other, Treasury and Corporate