BB&T saw a 33% gain in market share, comparing the fourth quarter of 2011 to all of 2010. During the quarter it captured 2.1% of the total market, according to the FBR report.BB&T Chairman and CEO Kelly King noted that "the pace of growth accelerated during the quarter," while highlighting mortgage banking, along with commercial and industrial loans and the bank's "Direct Retail," business as among the chief drivers. Mortgage banking income was up in the fourth quarter to $135 million compared to $123 million last quarter, a gain CFO Daryl Bible attributed to "higher production volume and larger gains on sales," in comments during the fourth quarter earnings call. BB& T "should be set up to continue growing earnings over the next few years as charge-offs normalize and as the company starts to return capital to shareholders," wrote FBR's Miller in a report published Jan. 20. He has a market perform on the stock, however, arguing the shares are fairly valued versus peers. -- Written by Dan Freed in New York. Follow this writer on Twitter.