The financial holding company said earnings per diluted share were 58 cents versus 77 cents from the 2013 second quarter.
BB&T said results for the most recent quarter declined due to mortgage and tax related reserve adjustments.
The company's total revenue was $2.3 billion for the 2014 second quarter, compared to $2.5 billion for the year ago quarter.
Separately, TheStreet Ratings team rates BB&T CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BB&T CORP (BBT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
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