NOTE 8. Computation of Earnings Per Common Share

          BB&T’s basic and diluted earnings per common share amounts for the three and six month periods ended June 30, 2009 and 2008, respectively, were calculated as follows:

		For the Three Months Ended				For the Six Months Ended
		June 30,				June 30,
		2009		2008		2009		2008
		(Dollars in millions, except per share data, shares in thousands)
Basic Earnings Per Common Share:
Net income available to common shareholders	$	121	$	428	$	392	$	856
Weighted average number of common shares		602,726		546,628		581,382		546,421
Basic earnings per common share	$	.20	$	.78	$	.67	$	1.57
Diluted Earnings Per Common Share:
Net income available to common shareholders	$	121	$	428	$	392	$	856
Weighted average number of common shares		602,726		546,628		581,382		546,421
Effect of dilutive outstanding equity-based awards		6,071		3,130		4,874		2,923
Weighted average number of diluted common shares		608,797		549,758		586,256		549,344
Diluted earnings per common share	$	.20	$	.78	$	.67	$	1.56

          For the three months ended June 30, 2009 and 2008, the number of anti-dilutive awards was 39.1 million and 33.2 million shares, respectively. For the six months ended June 30, 2009 and 2008, the number of anti-dilutive awards was 39.3 million and 32.4 million shares, respectively. In addition, BB&T had a warrant outstanding for 13.9 million shares as of June 30, 2009 that was anti-dilutive.  On July 22, 2009, the warrant was repurchased.