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Piper Jaffray: BB&T would favor M&A in Southeast, Southwest over Northeast

Industry Report

BB&T Corp., excluding banks in the Northeast, could pursue M&A with First Horizon National Corp., Hancock Whitney Corp., IBERIABANK Corp. and BankUnited Inc., according to a Piper Jaffray & Co. research report.

Piper Jaffray analysts wrote that deals that BB&T could pursue with the banks mentioned above look, by the analysts' estimates, financially compelling as well as strategically attractive to BB&T's management. BB&T would favor their "faster growing" Southeast and Southwest markets over the Northeast, the analysts wrote.

The analysts wrote that while BB&T is interested in returning to M&A, it is still waiting for the Federal Reserve Board to terminate the anti-money laundering and Bank Secrecy Act consent order issued against it.