John Allison
John Allison
acquiring banks community grown internal largely last looking mergers near needed operations organic period revenue short successful time year
BB&T over the years largely has grown through the merger-and- acquisition process, acquiring community banks and thrifts, and that's been successful on our part. Over the last year we've had a little of this indigestion from a lot of mergers over a short period. We needed to take a little breather to refocus on organic revenue growth, and we think we're near that period of time where our internal operations are where we want, so we're looking at getting back into the (M&A) business.
answer desire genetic meet rent
I have this overwhelming desire to meet my genetic offspring. We'd rent a boat, we'd go fishing. I'd answer anything they had to say.
work
You've got to work at it, ... I'm working up here, too.
bit
I think you blacked out for a little bit there,
affected encouraged given good negatively number positive quarter reflect results start
Given that our first quarter is usually negatively affected by a number of seasonal factors, I am encouraged that these positive results reflect a very good start to 2006.
personal system value
The value system we have at BB&T is also my personal value system.
fashion fine good nice people treated word
The word got out that this is a nice tournament. People know they're treated in fine fashion when they come down, and it's good competition.
concerned evidence pockets state takes time work
It takes a long time to work through them and get enough evidence to do what we need to do. There (are) some pockets of the state that we're concerned with.
good
If it's too good to be true, something's wrong.
depends early mergers people talking whether
We're pretty much on schedule, ... We are talking to some people right now, but mergers are unpredictable. ... We'd like to see a transaction in the early part of 2006, but whether we will or not, frankly, depends on the sellers.
agents knowledge
We're programming these agents to have knowledge about the battlespace,
checking free gone knew lots market match profitable quite realize stuff terms
We knew that deposits were profitable, but we didn't realize quite how profitable they were. We also have gone to free checking and other free lots of stuff to match up better with the market in terms of pricing.
competition fired good past shoot
Traditionally, we haven't scored very well in the region, but a lot of times in the past we were so much better than the competition that it didn't matter. This year, we're not as good, and the competition is better. Hopefully, with those two things, we'll get fired up and shoot a good score.
lull pick somewhat
We are at somewhat of a lull in consolidation, but I think that will pick up again,