UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
February 7, 2002
Date of Report (Date of earliest event reported)
BB&T Corporation
(Exact name of registrant as specified in its charter)
Commission file number : 1-10853
North Carolina | 56-0939887 |
(State of incorporation) | (I.R.S. Employer Identification No.) |
200 West Second Street | |
Winston-Salem, North Carolina | 27101 |
(Address of principal executive offices) | (Zip Code) |
(336) 733-2000
(Registrant's telephone number, including area code)
This Form 8-K has 41 pages.
ITEM 5. OTHER EVENTS
The purpose of this Current Report on Form 8-K is to file presentation materials from BB&T's 2002 Investor Conference, held on February 7, 2002.
EXHIBIT INDEX
Exhibit 99.1 Presentation to Analysts on February 7, 2002
BB&T
Financial Services
Investor and Analyst Conference
February 7, 2002
Financial Services Mission
Market Coverage
Where we are
Financial Services
Reports to: Henry G. Williamson, Jr.
BB&T
Generation of Noninterest Income
2002 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fee Ratio | 1997 | 1998 | 1999 | 2000 | 2001 | Plan | |||||||
Restated | 23.6 | % | 26.5 | % | 29.5 | % | 30.3 | % | 33.4 | % | |||
Originally Reported | 26.9 | 28.4 | 31.5 | 31.7 | 33.4 | 35.0 | % |
Goal = 40%
Financial Services
Enhanced Revenue Growth
Financial Services
Progressive Earnings
Key Focus & Challenge Areas for 2002
Key Focus & Challenge Areas for 2002
BB&T
Investment Services, Inc.
BB&T Investment Services
Overview
BB&T Investment Services
Revenue Growth
BB&T Investment Services
Profitability Growth
Key Focus & Challenge Areas for 2002
BB&T
Treasury Services
Treasury Services
Treasury Services
Net Fee Revenue
Treasury Services
Profitability Growth
Key Focus & Challenge Areas for 2002
Scott & Stringfellow
(Private Client Group)
Scott & Stringfellow
Private Client Group
Scott and Stringfellow Private Client Group
Scott and Stringfellow: Private Client Group P&L
2001 | 2002 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual | Budget | Variance $ | Variance % | |||||||||||
Non-Interest Revenue | 80,371,232 | 92,256,585 | 11,885,353 | 14.79 | % | |||||||||
Net Interest Revenue | 4,776,621 | 4,861,365 | 84,744 | 1.77 | % | |||||||||
Net Revenues | 85,147,854 | 97,117,950 | 11,970,096 | 14.06 | % | |||||||||
Non-Discretionary Operating Expenses | 6,175,315 | 6,473,607 | 298,292 | 4.83 | % | |||||||||
Discretionary Operating Expenses | 83,204,499 | 81,180,023 | (2,024,476 | ) | -2.43 | % | ||||||||
Total Expenses | 89,379,813 | 87,653,630 | (1,726,183 | ) | -1.93 | % | ||||||||
Net Operating Income | (4,231,960 | ) | 9,464,320 | 13,696,280 | N/A | |||||||||
Key Focus & Challenge Areas for 2002
BB&T Capital Markets
BB&T Capital Markets
Securities Group
BB&T Capital Markets: Securities Group P&L
2001 | 2002 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual | Budget | Variance $ | Variance % | |||||||||||
Non-Interest Revenue | 57,187,296 | 69,299,613 | 12,112,317 | 21.18 | % | |||||||||
Net Interest Revenue | 2,156,343 | 2,671,448 | 515,105 | 23.89 | % | |||||||||
Net Revenues | 59,343,639 | 71,971,061 | 12,627,422 | 21.28 | % | |||||||||
Non-Discretionary Operating Expenses | 1,980,838 | 2,260,026 | 279,188 | 14.09 | % | |||||||||
Discretionary Operating Expenses | 58,183,734 | 60,886,627 | 2,702,893 | 4.65 | % | |||||||||
Total Expenses | 60,164,572 | 63,146,653 | 2,982,081 | 4.96 | % | |||||||||
Net Operating Income | (820,933 | ) | 8,824,408 | 9,645,341 | N/A | |||||||||
Key Focus & Challenge Areas for 2002
BB&T Trust Division
BB&T Trust Overview
BB&T Trust
Assets
BB&T Trust
Revenue Growth
BB&T Trust
Profitability Growth
Key Focus & Challenge Areas for 2002
BB&T
Insurance Services, Inc.
BB&T Insurance Services
BB&T Insurance Services Agency Locations
BB&T Insurance Services
Revenue Growth
BB&T Insurance Services
Profitability Growth
Key Focus & Challenge Areas for 2002
BB&T
Financial Services
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BB&T CORPORATION
(Registrant)
By: /S/ SHERRY A. KELLETT
Sherry A. Kellett
Senior Executive Vice President and Controller
(Principal Accounting Officer)
Date: February 7, 2002