BB&T Corp. posted a 26% drop in fourth-quarter net income, as credit quality continued to erode and its loan-loss provision nearly tripled.

The regional bank, which received $3.1 billion from the U.S. Treasury under the Troubled Asset Relief Program, reported net income of $305 million, or 51 cents a share, down from $411 million, or 75 cents a share, a year earlier. The latest quarter included a $528 million credit loss provision and restructuring-related charges as well as tax and securities gains.

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