BB&T Insurance Services Bullish on Insurance

The Gist: turns out BB&T derives  ~15% of its revenues from insurance, and is looking to grow that share to 20% via organic and not-so-organic (think: acquisitions) growth; at least that’s what the CEO told analysts at a recent Morgan Stanley conference in New York. Bottom Line: generated $458 million in non-interest income in the first quarter, a 9% increase from the same period last year.