BB&T (BBT) in Winston-Salem, N.C., posted an increase in quarterly earnings on higher mortgage fees and loan growth.

The $183 billion-asset company's earnings rose 8% from the third quarter and 27% from a year earlier, to $506 million, or 71 cents a share. "We achieved record net income for the year and accomplished most of our strategic initiatives," Kelly King, the company's chairman and chief executive, said in a press release Thursday.

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