Acquisition of Crump Group,inc. Life and Property and Casualty Insurance Operations

Acquisition of Crump Group, Inc.'s Life and P&C Insurance Operations Meets Financial Targets Acquisition strengthens BB&T's fee income businesses and creates strategic synergies with CRC and BB&T's Wealth Division Increases total insurance revenue by approximately 30% ☐ Expected to contribute approximately $300 million in annual revenue BB&T will pay $570 million in cash for Crump Approximately nine times projected EBITDA and 1.8x projected revenue BB&T expects to record approximately $570 million of intangibles This transaction exceeds BB&T's IRR and EPS accretion hurdles The acquisition is expected to be accretive to GAAP EPS in the first full year Reflects EPS impact relative to alternative uses of capital (e.g. immediate share buyback) 4

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