The U.S Lender BB&T Corp released its third quarter performance report which came in slightly below markets expectations of $0.25 a share at $0.23 a share or $1.52 million compared with $0.65 a share or $358 million during the third quarter of last year giving that the lender acquired Colonial Bancgroup Inc in the month of August in as they purchased $22 billion assets along with $20 billion deposit from the government as it seized Colonial bank in August.

The Lender managed to set aside more than $700 million in bad debt throughout the past quarter, in addition the bank managed to raise as much as $963 million in August due to common-share offering.