Kelly King – Chairman and Chief Executive Officer Main street has been struggling for eight years “I just want to make sure you understand with regard to Community Bank, this is a bit esoteric, but over the last eight years, … Continued
Kelly King Meaningful investment in the second third and fourth quarter ” we actually are very optimistic about the economy going forward. It will take a little while for it to get going, but look we are going to have … Continued
BB&T Corp’s (BBT) CEO Kelly King on Q3 2016 Results Companies are terming out their borrowing “we like all the others did experienced higher pay-offs in our commercial area in the quarter. Frankly, a lot of good quality loans have … Continued
BB&T (BBT) Kelly S. King on Q2 2016 Results We’re focusing on expenses at a more intense rate “I do want to reinforce that we are intensely focused on expenses. We’ve been focusing for a number of years, as you … Continued
BB&T (BBT) Kelly S. King on Q1 2016 Results Economy is good but not great “just a couple of comments about the economy. It is what I would call good but not great. It’s okay. It’s rocking along about like … Continued
Kelly King C&I lending is very competitive but spreads are flattening out “C&I lending was mostly in large participations as it was in previous quarters, so it’s very competitive, spreads are tight, but the spreads are flattening out. So that’s … Continued
Spreads continue to tighten “the spreads in the marketplace continue to tighten. I keep asking our lending folks when is it going to get better and they say, well, as of yesterday it hadn’t gotten better.” Tech platform a tool … Continued
Kelly King – Chairman and Chief Executive Officer No material trend changes in credit but we are at such a low level “we think that energy is not an issue for us in terms of credit metrics in general. We … Continued
C&I is very competitive “Our C&I loan growth was very strong. Average C&I loans were up $1.1 billion or 10.6% annualized. We had strong growth in corporate lending, mortgage warehouse lending and government finance. I will tell you, the C&I … Continued
1.18% ROA but 9% ROE Our fee income ratio is up to a very strong 45.8% versus 43.6% in the first quarter of 14. ROA was 1.18%, ROE was 9.05%, and important our return on tangible common was 14%. With … Continued