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BB&T Corp. (BBT) - Get BB&T Corporation Report  reported adjusted third-quarter earnings of $1.07 a share, beating analysts' estimates by 4 cents and year-earlier adjusted profit of 1.03 a share a year earlier.

Adjusted net income was $832 million vs. $802 million a year ago. Adjusted earnings exclude merger-related and restructuring charges of $34 million related to its combination with SunTrust (STI) - Get SunTrust Banks, Inc. Reportannounced earlier this year.

Net income was $735 million, down 6.8% versus last year.

"We continue to make significant progress laying the groundwork for our exciting merger of equals with SunTrust," BB&T said in a statement.

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Revenue was $3 billion, up $73 million from the third quarter of 2018, the company said.

"We are pleased to report strong results for the third quarter, with improved adjusted earnings driven by stronger revenues and lower credit costs," BB&T Chairman and CEO Kelly King said in a press release.

Net interest income in the third quarter was $1.72 billion, up 5% from a year earlier. Net interest margin was 3.37% vs. 3.47% in the third quarter of 2018.

The stock was rising 0.96% to $53.50 in premarket trading.