(WINSTON-SALEM) -- BB&T Corporation reported that its first quarter net income was up 91 percent.  The Winston-Salem bank recorded net income of  $431 million.  This compared to to $225 million during the same period of the prior year.

"BB&T posted a very strong first quarter of 2012, driven by broad-based loan growth, strong noninterest income and lower expenses compared to last quarter," said Chairman and Chief Executive Officer Kelly S. King.

BB&T also reported adjusted net revenues experienced annualized increase of 19 percent.  "This substantial growth was generated by record mortgage banking revenues and stronger insurance revenues compared to last quarter," added King.