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BB&T Tops Q1 Earnings Estimate, Takes $80 Million Charge on SunTrust Merger

Martin Baccardax

BB&T said adjusted earnings for the three months ending in March came in at $1.05 per share, up 11.7% from the same period last year and 2 cents ahead of the consensus forecast. "We are pleased to report strong earnings of $749 million, or $0.97 per diluted common share, for the first quarter," said CEO Kelly King. BB&T shares were marked 2.01% lower at the start of trading following the earnings release Thursday to change hands at 48.83 each.