BB&T Corp., Winston-Salem, N.C., said its second-quarter profit rose 20%, to $122 million, fueled by greater gains in fee revenue and strong loan volume.

Earnings per share of 85 cents beat the consensus estimate by a penny. The $31.5 billion-asset banking company said its noninterest income rose 34%, to $129.6 million. Loans grew 12%, to $21.4 billion.

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