|
BBVA Compass reports earnings of $490 million for the full-year of 2015, up five percent - Noninterest bearing deposit growth 13 percent in the fourth quarter - Total loans end the quarter at $61.4 billion, up 7 percent from prior year levels - Total deposits increase 8 percent to $66.0 billion, led by a 12 percent increase in noninterest bearing deposits - Credit quality metrics remain sound; net charge-off ratio 19 basis points, nonperforming loan ratio at 78 basis points and coverage ratio at 160 percent - Strong business activity drives 2 percent increase in total revenue; net interest income increases 1 percent while fee-based businesses expand 4 percent - Expense growth well-contained as disciplined expense management results in 2 percent decline in noninterest expenses
HOUSTON, Feb. 3, 2016 /PRNewswire/ -- BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income attributable to shareholder of $490 million for the twelve months of 2015, a five percent increase compared to $467 million earned during the twelve months of 2014. Return on average assets and return on average tangible equity1 for the twelve months of 2015 were 0.56 percent and 6.86 percent, respectively.
Net income attributable to shareholder for the fourth quarter of 2015 was $87 million compared to the $102 million earned during the fourth quarter of 2014. Return on average assets and return on average tangible equity1 for the fourth quarter of 2015 were 0.38 percent and 4.68 percent, respectively.
"Despite the headwinds of a challenging environment, BBVA Compass delivered solid results in 2015 highlighted by outstanding balance sheet growth," said Manolo Sánchez, chairman and CEO of BBVA Compass. "Loan production was robust as we funded nearly $17.3 billion of customer loans, which resulted in a 7 percent increase in our loan portfolio. While total deposits increased 8 percent, growth of noninterest bearing deposits was even more pronounced at 12 percent."
"At the same time, our real-time platform and embracing of digital disruptors is allowing us to lead the charge in the new, digital banking environment our industry is quickly moving toward," said Sánchez. "Today, more so than ever before, providing innovative products and services in real-time will be a critical factor for customers in choosing their bank."
Total revenue increased 2 percent as both net interest income and noninterest income posted positive results. Strong loan and noninterest bearing deposit volume resulted in a 1 percent increase in net interest income while income from fee-based businesses grew 4 percent. Expense growth was well contained as improved efficiencies and disciplined expense management resulted in a 2 percent decrease in total noninterest expenses.
Credit quality measures continued to reflect a strong risk-profile. Net charge-offs as a percentage of average loans were 19 basis points for the full-year of 2015 compared to 22 basis points for the full-year of 2014. The ratio of nonperforming loans to total loans was 0.78 percent at year-end 2015 compared to 0.69 percent at the end of 2014. The coverage ratio that measures the amount of reserves to nonperforming loans remained strong at 160 percent.
"Clearly, our asset quality metrics continue to reflect our commitment to maintaining sound underwriting standards while at the same time expanding our lending relationships with clients," Sánchez said. "As expected, the prolonged period of low energy prices has placed some stress on our energy portfolio, which represents approximately 6 percent of our outstanding loans."
"Our exposure to oilfield services companies who have been most impacted by lower energy prices is very limited, and there were no nonaccrual loans in this portfolio at year-end. And while we have seen an increase in nonaccrual loans in the exploration and production segment, this kind of lending is supported by proven reserves of our clients which include both oil and natural gas. As a result, charge-offs in this portfolio have remained low and the vast majority of loans in this portfolio remain well collateralized."
|
(Dollars in thousands)
|
December 31, 2015
|
|
December 31, 2014
|
|
Outstanding
|
Nonaccrual
|
|
Outstanding
|
Nonaccrual
|
|
Exploration and production
|
$2,040,748
|
$91,947
|
|
$2,257,012
|
$ 86
|
|
Midstream
|
1,355,503
|
—
|
|
950,483
|
—
|
|
Drilling oil & support services
|
266,871
|
—
|
|
242,281
|
5,400
|
|
Refineries and terminals
|
137,904
|
520
|
|
124,228
|
700
|
|
Other
|
39,200
|
—
|
|
38,141
|
—
|
|
Total energy portfolio
|
$3,840,226
|
$92,467
|
|
$3,612,145
|
$6,186
|
Total shareholder's equity ended the fourth quarter of 2015 at $12.6 billion, a 5 percent increase from $12.0 billion at the end of the fourth quarter of 2014. Each of the company's regulatory capital ratios remain significantly above "well-capitalized" guidelines.
During the fourth quarter, BBVA Compass earned two awards on Money magazine's "Best Banks in America 2015-16" list. BBVA Compass was named the best regional bank in the South and West based on its ClearChoice deposit products. BBVA Compass was also awarded best mobile banking app, which won for its broad array of capabilities and user-friendly interface.
BBVA Compass also became the first major U.S. bank to offer its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer. The patent-pending innovation was introduced with the latest release of BBVA Wallet, the bank's mobile wallet that gives clients an up-to-minute view of purchases, reward balances and more.
1 Average tangible equity is a non-GAAP financial measure that we believe aids in understanding certain areas of our performance. The calculation of this measure is included on the page titled Non-GAAP Reconciliation.
About BBVA Compass
BBVA Compass Bancshares, Inc. is a Sunbelt-based bank holding company whose principal subsidiary, BBVA Compass, operates 672 branches, including 341 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (4th). BBVA Compass was recently named the best regional bank in the South and West, as well as earning best mobile app, in Money magazine's annual list of the Best Bank's in America. Additional information about BBVA Compass can be found under the Investor Relations tab at bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
About BBVA Group
BBVA Compass Bancshares, Inc. is a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at bbva.com.
On April 15, 2015, BBVA filed its annual report on Form 20-F for the year ended December 31, 2014, with the Securities and Exchange Commission. A copy can be accessed on the BBVA website at http://shareholdersandinvestors.bbva.com/TLBB/tlbb/bbvair/ing/share/adrs/index.jsp. Holders of BBVA's American Depositary Receipts (ADRs) may request a hard copy of the Form 20-F for the year ended December 31, 2014, including its complete audited financial statements, free of charge. To request a copy, contact Ed Bilek at ed.bilek@bbva.com.
Forward-Looking Statements
Certain statements in this press release may contain forward-looking statements about BBVA Compass Bancshares, Inc. (the "Company") and its industry that involve substantial risks and uncertainties. The use of "we," "our" and similar terms refer to the Company. Statements other than statements of current or historical fact, including statements regarding our future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect the Company's views regarding future events and financial performance. Such statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond the Company's control, that could cause actual results to differ materially from anticipated results. If the Company's assumptions and estimates are incorrect, or if the Company becomes subject to significant limitations as the result of litigation or regulatory action, then the Company's actual results could vary materially from those expressed or implied in these forward-looking statements. The forward-looking statements are and will be based on the Company's then current views and assumptions regarding future events and speak only as of their dates made. The Company assumes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by securities law or regulation. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on March 11, 2015, as updated by our subsequent SEC filings.
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31,
|
|
%
|
|
Years ended December 31,
|
|
%
|
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
Change
|
|
2015
|
|
2014
|
|
Change
|
|
|
|
|
|
|
|
EARNINGS SUMMARY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
|
$ 504,085
|
|
$ 509,453
|
|
(1)
|
|
$ 2,012,963
|
|
$ 1,985,494
|
|
1
|
|
|
|
|
|
|
|
Noninterest income [a]
|
|
222,467
|
|
230,784
|
|
(4)
|
|
902,833
|
|
864,695
|
|
4
|
|
|
|
|
|
|
|
Total revenue [a]
|
|
726,552
|
|
740,237
|
|
(2)
|
|
2,915,796
|
|
2,850,189
|
|
2
|
|
|
|
|
|
|
|
Investment securities gain (loss), net
|
|
14,689
|
|
5,434
|
|
170
|
|
81,656
|
|
53,042
|
|
54
|
|
|
|
|
|
|
|
Loss on prepayment of FHLB advances
|
|
(1,898)
|
|
—
|
|
NM
|
|
(8,016)
|
|
(315)
|
|
NM
|
|
|
|
|
|
|
|
Provision for loan losses
|
|
76,307
|
|
19,914
|
|
283
|
|
193,638
|
|
106,301
|
|
82
|
|
|
|
|
|
|
|
Noninterest expense
|
|
557,885
|
|
583,481
|
|
(4)
|
|
2,136,490
|
|
2,180,752
|
|
(2)
|
|
|
|
|
|
|
|
Pretax income
|
|
105,151
|
|
142,276
|
|
(26)
|
|
659,308
|
|
615,863
|
|
7
|
|
|
|
|
|
|
|
Income tax expense
|
|
17,505
|
|
39,864
|
|
(56)
|
|
167,513
|
|
147,331
|
|
14
|
|
|
|
|
|
|
|
Net income
|
|
87,646
|
|
102,412
|
|
(14)
|
|
491,795
|
|
468,532
|
|
5
|
|
|
|
|
|
|
|
Net income attributable to noncontrolling interests
|
|
490
|
|
204
|
|
140
|
|
2,228
|
|
1,976
|
|
13
|
|
|
|
|
|
|
|
Net income attributable to shareholder
|
|
$ 87,156
|
|
$ 102,208
|
|
(15)
|
|
$ 489,567
|
|
$ 466,556
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SELECTED RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets
|
|
0.38%
|
|
0.49%
|
|
|
|
0.56%
|
|
0.60%
|
|
|
|
|
|
|
|
|
|
Return on average tangible equity [b]
|
|
4.68
|
|
5.97
|
|
|
|
6.86
|
|
7.03
|
|
|
|
|
|
|
|
|
|
Average common equity to average assets
|
|
13.84
|
|
14.52
|
|
|
|
13.93
|
|
15.28
|
|
|
|
|
|
|
|
|
|
Average loans to average total deposits
|
|
94.05
|
|
92.31
|
|
|
|
94.70
|
|
93.18
|
|
|
|
|
|
|
|
|
|
Common equity tier 1 capital (CET1) [c]
|
|
10.70
|
|
NA
|
|
|
|
10.70
|
|
NA
|
|
|
|
|
|
|
|
|
|
Tier I capital ratio [c]
|
|
11.08
|
|
10.94
|
|
|
|
11.08
|
|
10.94
|
|
|
|
|
|
|
|
|
|
Total capital ratio [c]
|
|
13.68
|
|
12.81
|
|
|
|
13.68
|
|
12.81
|
|
|
|
|
|
|
|
|
|
Leverage ratio [c]
|
|
8.95
|
|
9.09
|
|
|
|
8.95
|
|
9.09
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average for Three Months
|
|
|
|
Average for Year Ended
|
|
|
|
Ending Balance
|
|
|
|
|
Ended December 31,
|
|
%
|
|
Ended December 31,
|
|
%
|
|
December 31,
|
|
%
|
|
|
2015
|
|
2014
|
|
Change
|
|
2015
|
|
2014
|
|
Change
|
|
2015
|
|
2014
|
|
Change
|
|
BALANCE SHEET HIGHLIGHTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans
|
|
$ 61,480,854
|
|
$ 56,419,150
|
|
9
|
|
$ 60,176,687
|
|
$ 54,423,885
|
|
11
|
|
$ 61,394,666
|
|
$ 57,526,600
|
|
7
|
|
Total investment securities
|
|
12,186,839
|
|
11,023,444
|
|
11
|
|
11,750,984
|
|
10,541,348
|
|
11
|
|
12,373,196
|
|
11,585,629
|
|
7
|
|
Earning assets
|
|
77,968,352
|
|
69,447,957
|
|
12
|
|
76,288,144
|
|
65,574,287
|
|
16
|
|
78,071,231
|
|
72,344,332
|
|
8
|
|
Total assets
|
|
90,341,119
|
|
82,702,903
|
|
9
|
|
88,282,486
|
|
77,520,755
|
|
14
|
|
89,965,080
|
|
83,152,427
|
|
8
|
|
Noninterest bearing demand deposits
|
|
19,805,668
|
|
17,473,984
|
|
13
|
|
19,015,802
|
|
16,633,240
|
|
14
|
|
19,290,266
|
|
17,169,412
|
|
12
|
|
Interest bearing transaction accounts
|
|
31,976,145
|
|
30,695,786
|
|
4
|
|
31,374,727
|
|
28,896,496
|
|
9
|
|
32,620,096
|
|
31,176,846
|
|
5
|
|
Total transaction accounts
|
|
51,781,813
|
|
48,169,770
|
|
7
|
|
50,390,529
|
|
45,529,736
|
|
11
|
|
51,910,362
|
|
48,346,258
|
|
7
|
|
Total deposits
|
|
65,368,720
|
|
61,116,755
|
|
7
|
|
63,541,384
|
|
58,407,635
|
|
9
|
|
65,980,530
|
|
61,189,716
|
|
8
|
|
Shareholder's equity
|
|
12,576,042
|
|
12,005,933
|
|
5
|
|
12,311,963
|
|
11,841,999
|
|
4
|
|
12,577,284
|
|
12,003,574
|
|
5
|
|
|
[a] Excludes net gain on sales of investment securities and gain (loss) on prepayment of FHLB advances.
|
|
[b] Non-GAAP measure that we believe aids in understanding certain areas of our performance. The calculation of this measure is included on the page titled Non-GAAP Reconciliation.
|
|
[c] Current period regulatory capital ratios are estimated. Figures for 2015 calculated using the applicable Transitional Basel III regulatory capital methodology. Figures for 2014 calculated using the applicable Basel I regulatory capital methodology in place at that time.
|
|
NM = Not meaningful
|
|
NA = Not applicable
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
|
December 31
|
|
September 30
|
|
June 30
|
|
March 31
|
|
December 31
|
|
NONPERFORMING ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans [a]
|
|
$ 407,045
|
|
$ 380,930
|
|
$ 395,350
|
|
$ 357,539
|
|
$ 322,654
|
|
Loans 90 days or more past due [b]
|
|
68,629
|
|
73,588
|
|
69,710
|
|
70,750
|
|
71,454
|
|
TDRs 90 days or more past due
|
|
874
|
|
678
|
|
1,224
|
|
820
|
|
1,722
|
|
Total nonperforming loans [a]
|
|
476,548
|
|
455,196
|
|
466,284
|
|
429,109
|
|
395,830
|
|
Other real estate owned, net (OREO)
|
|
20,862
|
|
23,762
|
|
20,188
|
|
17,764
|
|
20,600
|
|
Other repossessed assets
|
|
8,774
|
|
3,331
|
|
4,255
|
|
3,823
|
|
3,920
|
|
Total nonperforming assets
|
|
$ 506,184
|
|
$ 482,289
|
|
$ 490,727
|
|
$ 450,696
|
|
$ 420,350
|
|
|
|
|
|
|
|
|
|
|
|
|
TDRs accruing and past due less than 90 days
|
|
$ 150,038
|
|
$ 154,397
|
|
$ 155,592
|
|
$ 157,252
|
|
$ 161,261
|
|
|
|
|
|
|
|
|
|
|
|
|
Covered loans [c]
|
|
440,961
|
|
458,066
|
|
473,842
|
|
488,560
|
|
495,190
|
|
Covered nonperforming loans [c]
|
|
38,107
|
|
43,192
|
|
44,664
|
|
45,581
|
|
48,071
|
|
Covered nonperforming assets [c]
|
|
40,217
|
|
45,569
|
|
47,085
|
|
47,598
|
|
51,989
|
|
|
|
|
|
|
|
|
|
|
|
|
Total nonperforming loans as a % of loans
|
|
0.78%
|
|
0.75%
|
|
0.77%
|
|
0.73%
|
|
0.69%
|
|
Total nonperforming loans as a % of loans, excluding covered loans
|
|
0.72
|
|
0.68
|
|
0.71
|
|
0.66
|
|
0.61
|
|
Total nonperforming assets as a % of total loans, other real estate, and other repossessed assets
|
|
0.82
|
|
0.79
|
|
0.81
|
|
0.77
|
|
0.73
|
|
Total nonperforming assets as a % of total loans, other real estate, and other repossessed assets, excluding covered assets
|
|
0.76
|
|
0.72
|
|
0.74
|
|
0.69
|
|
0.65
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
2015
|
|
2014
|
|
|
December 31
|
|
September 30
|
|
June 30
|
|
March 31
|
|
December 31
|
|
ALLOWANCE FOR LOAN LOSSES
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period
|
|
$ 722,122
|
|
$ 721,471
|
|
$ 701,864
|
|
$ 685,041
|
|
$ 695,878
|
|
Net charge-offs (NCO)
|
|
35,756
|
|
28,500
|
|
26,542
|
|
25,208
|
|
30,751
|
|
Provision for loan losses
|
|
76,307
|
|
29,151
|
|
46,149
|
|
42,031
|
|
19,914
|
|
Balance at end of period
|
|
$ 762,673
|
|
$ 722,122
|
|
$ 721,471
|
|
$ 701,864
|
|
$ 685,041
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses as a % of total loans
|
|
1.24%
|
|
1.20%
|
|
1.20%
|
|
1.20%
|
|
1.19%
|
|
Allowance for loan losses as a % of nonperforming loans [d]
|
|
160.04
|
|
158.64
|
|
154.73
|
|
163.56
|
|
173.06
|
|
Allowance for loan losses as a % of nonperforming assets [d]
|
|
150.67
|
|
149.73
|
|
147.02
|
|
155.73
|
|
162.97
|
|
|
|
|
|
|
|
|
|
|
|
|
Annualized as a % of average loans:
|
|
|
|
|
|
|
|
|
|
|
|
NCO - QTD
|
|
0.23
|
|
0.19
|
|
0.18
|
|
0.17
|
|
0.22
|
|
NCO - YTD
|
|
0.19
|
|
0.18
|
|
0.18
|
|
0.17
|
|
0.22
|
|
[a] Includes loans held for sale.
|
|
[b] Excludes loans classified as troubled debt restructuring (TDRs).
|
|
[c] Covered assets includes loans and OREO acquired from the FDIC subject to loss sharing agreements.
|
|
[d] Includes loans held for sale that are on nonaccrual status.
|
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31,
|
|
|
2015
|
|
2014
|
|
|
Average Balance
|
|
Income/ Expense
|
|
Yield/ Rate
|
|
Average Balance
|
|
Income/ Expense
|
|
Yield/ Rate
|
|
YIELD/RATE ANALYSIS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Taxable Equivalent Basis)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earning assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
$ 61,480,854
|
|
$ 561,790
|
|
3.63%
|
|
$ 56,419,150
|
|
$ 561,422
|
|
3.95%
|
|
Investment securities available for sale [a]
|
|
10,848,801
|
|
49,186
|
|
1.80
|
|
9,583,937
|
|
47,503
|
|
1.97
|
|
Investment securities held to maturity
|
|
1,337,393
|
|
10,003
|
|
2.97
|
|
1,394,926
|
|
9,835
|
|
2.80
|
|
Other earning assets
|
|
4,300,659
|
|
14,649
|
|
1.35
|
|
2,005,363
|
|
6,262
|
|
1.24
|
|
Total earning assets [a]
|
|
77,967,707
|
|
635,628
|
|
3.23
|
|
69,403,376
|
|
625,022
|
|
3.57
|
|
Allowance for loan losses
|
|
(734,031)
|
|
|
|
|
|
(692,839)
|
|
|
|
|
|
Unrealized gain (loss) on securities available for sale
|
|
645
|
|
|
|
|
|
44,581
|
|
|
|
|
|
Other assets
|
|
13,106,798
|
|
|
|
|
|
13,947,785
|
|
|
|
|
|
Total assets
|
|
$ 90,341,119
|
|
|
|
|
|
$ 82,702,903
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Shareholders' Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing demand deposits
|
|
$ 7,033,106
|
|
$ 3,143
|
|
0.18
|
|
$ 7,311,384
|
|
$ 2,920
|
|
0.16
|
|
Savings and money market accounts
|
|
24,943,039
|
|
23,871
|
|
0.38
|
|
23,384,402
|
|
27,750
|
|
0.47
|
|
Certificates and other time deposits
|
|
13,455,462
|
|
44,263
|
|
1.31
|
|
12,783,269
|
|
40,280
|
|
1.25
|
|
Foreign office deposits
|
|
131,445
|
|
65
|
|
0.20
|
|
163,716
|
|
84
|
|
0.20
|
|
Total interest bearing deposits
|
|
45,563,052
|
|
71,342
|
|
0.62
|
|
43,642,771
|
|
71,034
|
|
0.65
|
|
FHLB and other borrowings
|
|
5,580,514
|
|
22,920
|
|
1.63
|
|
4,799,343
|
|
20,010
|
|
1.65
|
|
Federal funds purchased and securities sold under agreement to repurchase
|
|
732,968
|
|
2,856
|
|
1.55
|
|
1,084,679
|
|
918
|
|
0.34
|
|
Other short-term borrowings
|
|
4,104,587
|
|
15,774
|
|
1.52
|
|
1,448,610
|
|
4,802
|
|
1.32
|
|
Total interest bearing liabilities
|
|
55,981,121
|
|
112,892
|
|
0.80
|
|
50,975,403
|
|
96,764
|
|
0.75
|
|
Noninterest bearing deposits
|
|
19,805,668
|
|
|
|
|
|
17,473,984
|
|
|
|
|
|
Other noninterest bearing liabilities
|
|
1,978,288
|
|
|
|
|
|
2,247,583
|
|
|
|
|
|
Total liabilities
|
|
77,765,077
|
|
|
|
|
|
70,696,970
|
|
|
|
|
|
Shareholder's equity
|
|
12,576,042
|
|
|
|
|
|
12,005,933
|
|
|
|
|
|
Total liabilities and shareholder's equity
|
|
$ 90,341,119
|
|
|
|
|
|
$ 82,702,903
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/ net interest spread
|
|
|
|
522,736
|
|
2.43%
|
|
|
|
528,258
|
|
2.82%
|
|
Net yield on earning assets
|
|
|
|
|
|
2.66%
|
|
|
|
|
|
3.02%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total taxable equivalent adjustment
|
|
|
|
18,651
|
|
|
|
|
|
18,805
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
|
|
|
$ 504,085
|
|
|
|
|
|
$ 509,453
|
|
|
|
[a] Excludes adjustment for market valuation.
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31,
|
|
|
2015
|
|
2014
|
|
|
Average Balance
|
|
Income/ Expense
|
|
Yield/ Rate
|
|
Average Balance
|
|
Income/ Expense
|
|
Yield/ Rate
|
|
YIELD/RATE ANALYSIS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Taxable Equivalent Basis)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earning assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
|
|
$ 60,176,687
|
|
$ 2,221,093
|
|
3.69%
|
|
$ 54,423,885
|
|
$ 2,139,429
|
|
3.93%
|
|
Investment securities available for sale [a]
|
|
10,358,764
|
|
195,769
|
|
1.89
|
|
9,052,396
|
|
198,732
|
|
2.20
|
|
Investment securities held to maturity
|
|
1,359,013
|
|
39,785
|
|
2.93
|
|
1,447,636
|
|
40,145
|
|
2.77
|
|
Other earning assets
|
|
4,360,473
|
|
56,544
|
|
0.01
|
|
609,054
|
|
8,434
|
|
0.01
|
|
Total earning assets [a]
|
|
76,254,937
|
|
2,513,191
|
|
3.30
|
|
65,532,971
|
|
2,386,740
|
|
3.64
|
|
Allowance for loan losses
|
|
(714,157)
|
|
|
|
|
|
(703,902)
|
|
|
|
|
|
Unrealized gain (loss) on securities available for sale
|
|
33,207
|
|
|
|
|
|
41,316
|
|
|
|
|
|
Other assets
|
|
12,708,499
|
|
|
|
|
|
12,650,370
|
|
|
|
|
|
Total assets
|
|
$ 88,282,486
|
|
|
|
|
|
$ 77,520,755
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Shareholders' Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing demand deposits
|
|
$ 7,218,956
|
|
12,011
|
|
0.17
|
|
$ 7,280,418
|
|
11,986
|
|
0.16
|
|
Savings and money market accounts
|
|
24,155,771
|
|
94,336
|
|
0.39
|
|
21,616,078
|
|
87,672
|
|
0.41
|
|
Certificates and other time deposits
|
|
12,989,789
|
|
167,809
|
|
1.29
|
|
12,745,974
|
|
151,997
|
|
1.19
|
|
Foreign office deposits
|
|
161,066
|
|
322
|
|
0.20
|
|
131,925
|
|
259
|
|
0.20
|
|
Total interest bearing deposits
|
|
44,525,582
|
|
274,478
|
|
0.62
|
|
41,774,395
|
|
251,914
|
|
0.60
|
|
FHLB and other borrowings
|
|
5,701,974
|
|
89,988
|
|
1.58
|
|
4,254,352
|
|
68,957
|
|
1.62
|
|
Federal funds purchased and securities sold under agreement to repurchase
|
|
807,677
|
|
8,390
|
|
1.04
|
|
935,439
|
|
2,302
|
|
0.25
|
|
Other short-term borrowings
|
|
4,006,716
|
|
52,442
|
|
1.31
|
|
385,461
|
|
5,318
|
|
1.38
|
|
Total interest bearing liabilities
|
|
55,041,949
|
|
425,298
|
|
0.77
|
|
47,349,647
|
|
328,491
|
|
0.69
|
|
Noninterest bearing deposits
|
|
19,015,802
|
|
|
|
|
|
16,633,240
|
|
|
|
|
|
Other noninterest bearing liabilities
|
|
1,912,772
|
|
|
|
|
|
1,695,869
|
|
|
|
|
|
Total liabilities
|
|
75,970,523
|
|
|
|
|
|
65,678,756
|
|
|
|
|
|
Shareholder's equity
|
|
12,311,963
|
|
|
|
|
|
11,841,999
|
|
|
|
|
|
Total liabilities and shareholder's equity
|
|
$ 88,282,486
|
|
|
|
|
|
$ 77,520,755
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income/ net interest spread
|
|
|
|
2,087,893
|
|
2.53%
|
|
|
|
2,058,249
|
|
2.95%
|
|
Net yield on earning assets
|
|
|
|
|
|
2.74%
|
|
|
|
|
|
3.14%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total taxable equivalent adjustment
|
|
|
|
74,930
|
|
|
|
|
|
72,755
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
|
|
|
$ 2,012,963
|
|
|
|
|
|
$ 1,985,494
|
|
|
|
[a] Excludes adjustment for market valuation.
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
|
|
Three Months Ended
|
|
|
December 31,
|
|
%
|
|
2015
|
|
2014
|
|
|
2015
|
|
2014
|
|
Change
|
|
December 31
|
|
September 30
|
|
June 30
|
|
March 31
|
|
December 31
|
|
NONINTEREST INCOME
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit accounts
|
|
$ 216,248
|
|
$ 222,685
|
|
(3)
|
|
$ 54,357
|
|
$ 54,917
|
|
$ 53,690
|
|
$ 53,284
|
|
$ 56,799
|
|
Card and merchant processing fees
|
|
112,818
|
|
107,891
|
|
5
|
|
28,900
|
|
29,024
|
|
28,711
|
|
26,183
|
|
26,432
|
|
Retail investment sales
|
|
101,614
|
|
108,477
|
|
(6)
|
|
24,040
|
|
26,055
|
|
26,373
|
|
25,146
|
|
25,424
|
|
Investment banking and advisory fees
|
|
105,235
|
|
87,454
|
|
20
|
|
20,260
|
|
17,842
|
|
36,799
|
|
30,334
|
|
24,228
|
|
Asset management fees
|
|
33,194
|
|
42,772
|
|
(22)
|
|
8,745
|
|
7,918
|
|
8,435
|
|
8,096
|
|
10,813
|
|
Corporate and correspondent investment sales
|
|
30,000
|
|
29,635
|
|
1
|
|
9,710
|
|
6,047
|
|
7,984
|
|
6,259
|
|
7,619
|
|
Mortgage banking income
|
|
27,258
|
|
24,551
|
|
11
|
|
5,989
|
|
554
|
|
12,556
|
|
8,159
|
|
5,627
|
|
Bank owned life insurance
|
|
18,662
|
|
18,616
|
|
—
|
|
5,135
|
|
4,345
|
|
4,394
|
|
4,788
|
|
5,809
|
|
Other
|
|
257,804
|
|
222,614
|
|
16
|
|
65,331
|
|
79,938
|
|
55,797
|
|
56,738
|
|
68,033
|
|
|
902,833
|
|
864,695
|
|
4
|
|
222,467
|
|
226,640
|
|
234,739
|
|
218,987
|
|
230,784
|
|
Investment securities gains, net
|
|
81,656
|
|
53,042
|
|
54
|
|
14,689
|
|
6,736
|
|
27,399
|
|
32,832
|
|
5,434
|
|
Loss on prepayment of FHLB and other borrowings
|
|
(8,016)
|
|
(315)
|
|
NM
|
|
(1,898)
|
|
—
|
|
(3,569)
|
|
(2,549)
|
|
—
|
|
Total noninterest income
|
|
$ 976,473
|
|
$ 917,422
|
|
6
|
|
$ 235,258
|
|
$ 233,376
|
|
$ 258,569
|
|
$ 249,270
|
|
$ 236,218
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST EXPENSE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries, benefits and commissions
|
|
$ 1,071,196
|
|
$ 1,072,269
|
|
—
|
|
$ 274,863
|
|
$ 268,362
|
|
$ 268,709
|
|
$ 259,262
|
|
$ 281,065
|
|
FDIC indemnification expense
|
|
55,129
|
|
115,049
|
|
(52)
|
|
5,460
|
|
8,461
|
|
12,419
|
|
28,789
|
|
34,313
|
|
Professional services
|
|
216,325
|
|
207,679
|
|
4
|
|
63,863
|
|
54,784
|
|
51,119
|
|
46,559
|
|
59,027
|
|
Equipment
|
|
230,960
|
|
223,963
|
|
3
|
|
57,493
|
|
58,151
|
|
57,175
|
|
58,141
|
|
58,401
|
|
Net occupancy
|
|
160,309
|
|
158,379
|
|
1
|
|
41,122
|
|
39,525
|
|
40,382
|
|
39,280
|
|
39,865
|
|
Marketing
|
|
41,770
|
|
35,991
|
|
16
|
|
9,440
|
|
10,624
|
|
11,618
|
|
10,088
|
|
5,894
|
|
Communications
|
|
21,980
|
|
24,608
|
|
(11)
|
|
5,286
|
|
5,682
|
|
5,245
|
|
5,767
|
|
6,003
|
|
Amortization of intangibles
|
|
39,208
|
|
50,856
|
|
(23)
|
|
9,125
|
|
9,507
|
|
9,889
|
|
10,687
|
|
24,556
|
|
Other
|
|
299,613
|
|
291,958
|
|
3
|
|
91,233
|
|
81,154
|
|
63,080
|
|
64,146
|
|
74,357
|
|
Total noninterest expense
|
|
$ 2,136,490
|
|
$ 2,180,752
|
|
(2)
|
|
$ 557,885
|
|
$ 536,250
|
|
$ 519,636
|
|
$ 522,719
|
|
$ 583,481
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NM = Not meaningful
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
(Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 31,
|
|
Years Ended December 31,
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
NON-GAAP RECONCILIATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Computation of Average Tangible Equity:
|
|
|
|
|
|
|
|
|
|
Total stockholder's equity (average)
|
|
$ 12,576,042
|
|
$ 12,005,933
|
|
$ 12,311,963
|
|
$ 11,841,999
|
|
Less: Goodwill and other intangibles (average)
|
|
5,139,183
|
|
5,198,332
|
|
5,146,362
|
|
5,175,940
|
|
Average tangible equity [B]
|
|
$ 7,436,859
|
|
$ 6,807,601
|
|
$ 7,165,601
|
|
$ 6,666,059
|
|
Net income [A]
|
|
87,646
|
|
102,208
|
|
491,795
|
|
466,556
|
|
Return on average tangible equity ([A]/[B], annualized)
|
|
4.68%
|
|
5.97%
|
|
6.86%
|
|
7.03%
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
SUPPLEMENTAL LOAN PORTFOLIO INFORMATION (Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
90 Days or More
Past Due
|
|
Nonaccrual
|
|
Accruing TDRs
|
|
Not Past Due or
Impaired
|
|
Total
|
|
Net Charge Offs
(Recoveries)
|
|
|
|
|
|
Commercial, financial and agricultural
|
$ 8,197
|
|
$ 4,215
|
|
$ 3,567
|
|
$ 161,591
|
|
$ 9,402
|
|
$ 25,835,402
|
|
$ 26,022,374
|
|
$ 3,345
|
|
Real estate – construction
|
2,864
|
|
91
|
|
421
|
|
5,908
|
|
2,247
|
|
2,342,722
|
|
2,354,253
|
|
(423)
|
|
Commercial real estate – mortgage
|
3,843
|
|
1,461
|
|
2,237
|
|
69,953
|
|
33,904
|
|
10,341,882
|
|
10,453,280
|
|
1,260
|
|
Residential real estate – mortgage
|
47,323
|
|
19,540
|
|
1,961
|
|
113,234
|
|
67,343
|
|
13,743,884
|
|
13,993,285
|
|
1,269
|
|
Equity lines of credit
|
8,263
|
|
4,371
|
|
2,883
|
|
35,023
|
|
-
|
|
2,369,275
|
|
2,419,815
|
|
1,382
|
|
Equity loans
|
6,356
|
|
2,194
|
|
704
|
|
15,614
|
|
37,108
|
|
518,828
|
|
580,804
|
|
238
|
|
Credit card
|
5,563
|
|
4,622
|
|
9,718
|
|
-
|
|
-
|
|
607,456
|
|
627,359
|
|
7,299
|
|
Consumer – direct
|
7,648
|
|
3,801
|
|
3,537
|
|
561
|
|
908
|
|
920,416
|
|
936,871
|
|
6,126
|
|
Consumer – indirect
|
73,438
|
|
17,167
|
|
5,629
|
|
5,027
|
|
-
|
|
3,393,821
|
|
3,495,082
|
|
14,548
|
|
Covered loans
|
4,862
|
|
3,454
|
|
37,972
|
|
134
|
|
-
|
|
394,539
|
|
440,961
|
|
712
|
|
Total loans
|
$ 168,357
|
|
$ 60,916
|
|
$ 68,629
|
|
$ 407,045
|
|
$ 150,912
|
|
$ 60,468,225
|
|
$ 61,324,084
|
|
$ 35,756
|
|
Loans held for sale
|
$ 227
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ 70,355
|
|
$ 70,582
|
|
$ -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At or Quarter Ended September 30, 2015
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
90 Days or More Past Due
|
|
Nonaccrual
|
|
Accruing TDRs
|
|
Not Past Due or Impaired
|
|
Total
|
|
Net Charge Offs (Recoveries)
|
|
|
|
|
|
Commercial, financial and agricultural
|
$ 15,300
|
|
$ 3,930
|
|
$ 5,202
|
|
$ 130,370
|
|
$ 9,635
|
|
$ 25,471,882
|
|
$ 25,636,319
|
|
$ 3,990
|
|
Real estate – construction
|
1,565
|
|
117
|
|
426
|
|
5,712
|
|
2,247
|
|
2,305,284
|
|
2,315,351
|
|
(426)
|
|
Commercial real estate – mortgage
|
4,887
|
|
732
|
|
5,607
|
|
85,975
|
|
33,837
|
|
10,493,594
|
|
10,624,632
|
|
437
|
|
Residential real estate – mortgage
|
47,936
|
|
15,450
|
|
1,230
|
|
103,492
|
|
71,102
|
|
13,658,513
|
|
13,897,723
|
|
(299)
|
|
Equity lines of credit
|
8,988
|
|
4,675
|
|
2,411
|
|
33,436
|
|
-
|
|
2,326,898
|
|
2,376,408
|
|
2,087
|
|
Equity loans
|
6,485
|
|
1,807
|
|
985
|
|
15,104
|
|
37,785
|
|
549,982
|
|
612,148
|
|
384
|
|
Credit card
|
5,949
|
|
3,621
|
|
8,322
|
|
-
|
|
-
|
|
592,090
|
|
609,982
|
|
6,675
|
|
Consumer – direct
|
16,433
|
|
1,988
|
|
2,153
|
|
635
|
|
469
|
|
833,311
|
|
854,989
|
|
6,194
|
|
Consumer – indirect
|
60,018
|
|
12,901
|
|
4,213
|
|
6,053
|
|
-
|
|
2,818,418
|
|
2,901,603
|
|
8,970
|
|
Covered loans
|
4,303
|
|
3,347
|
|
43,039
|
|
153
|
|
-
|
|
407,224
|
|
458,066
|
|
488
|
|
Total loans
|
$ 171,864
|
|
$ 48,568
|
|
$ 73,588
|
|
$ 380,930
|
|
$ 155,075
|
|
$ 59,457,196
|
|
$ 60,287,221
|
|
$ 28,500
|
|
Loans held for sale
|
$ 416
|
|
$ 380
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ 633,362
|
|
$ 634,158
|
|
$ -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At or Quarter Ended June 30, 2015
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
90 Days or More Past Due
|
|
Nonaccrual
|
|
Accruing TDRs
|
|
Not Past Due or Impaired
|
|
Total
|
|
Net Charge Offs (Recoveries)
|
|
|
|
|
|
Commercial, financial and agricultural
|
$ 18,524
|
|
$ 7,037
|
|
$ 3,149
|
|
$ 147,051
|
|
$ 9,693
|
|
$ 24,767,734
|
|
$ 24,953,188
|
|
$ 1,869
|
|
Real estate – construction
|
148
|
|
512
|
|
1,157
|
|
7,777
|
|
2,212
|
|
2,425,025
|
|
2,436,831
|
|
(2,106)
|
|
Commercial real estate – mortgage
|
7,916
|
|
1,348
|
|
2,853
|
|
78,569
|
|
34,389
|
|
10,200,605
|
|
10,325,680
|
|
671
|
|
Residential real estate – mortgage
|
45,487
|
|
14,926
|
|
1,703
|
|
106,179
|
|
71,357
|
|
13,963,891
|
|
14,203,543
|
|
1,487
|
|
Equity lines of credit
|
7,833
|
|
4,370
|
|
2,515
|
|
33,757
|
|
-
|
|
2,304,225
|
|
2,352,700
|
|
3,608
|
|
Equity loans
|
5,202
|
|
1,553
|
|
1,147
|
|
16,175
|
|
38,998
|
|
576,051
|
|
639,126
|
|
(585)
|
|
Credit card
|
4,840
|
|
3,361
|
|
7,672
|
|
-
|
|
-
|
|
576,496
|
|
592,369
|
|
7,542
|
|
Consumer – direct
|
7,247
|
|
2,190
|
|
2,176
|
|
853
|
|
167
|
|
767,735
|
|
780,368
|
|
6,311
|
|
Consumer – indirect
|
47,676
|
|
8,895
|
|
2,810
|
|
4,853
|
|
-
|
|
3,185,345
|
|
3,249,579
|
|
7,593
|
|
Covered loans
|
5,930
|
|
3,640
|
|
44,528
|
|
136
|
|
-
|
|
419,608
|
|
473,842
|
|
152
|
|
Total loans
|
$ 150,803
|
|
$ 47,832
|
|
$ 69,710
|
|
$ 395,350
|
|
$ 156,816
|
|
$ 59,186,715
|
|
$ 60,007,226
|
|
$ 26,542
|
|
Loans held for sale
|
$ -
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ 195,616
|
|
$ 195,616
|
|
$ -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At or Quarter Ended March 31, 2015
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
90 Days or More Past Due
|
|
Nonaccrual
|
|
Accruing TDRs
|
|
Not Past Due or Impaired
|
|
Total
|
|
Net Charge Offs (Recoveries)
|
|
|
|
|
|
Commercial, financial and agricultural
|
$ 7,940
|
|
$ 3,981
|
|
$ 2,901
|
|
$ 95,318
|
|
$ 9,632
|
|
$ 24,329,192
|
|
$ 24,448,964
|
|
$ 4,437
|
|
Real estate – construction
|
5,275
|
|
450
|
|
392
|
|
7,781
|
|
2,237
|
|
2,309,360
|
|
2,325,495
|
|
(1,426)
|
|
Commercial real estate – mortgage
|
6,346
|
|
3,629
|
|
2,542
|
|
87,931
|
|
35,292
|
|
9,784,843
|
|
9,920,583
|
|
203
|
|
Residential real estate – mortgage
|
45,893
|
|
17,007
|
|
3,195
|
|
107,051
|
|
70,299
|
|
13,757,423
|
|
14,000,868
|
|
927
|
|
Equity lines of credit
|
10,615
|
|
4,602
|
|
1,995
|
|
34,597
|
|
-
|
|
2,274,075
|
|
2,325,884
|
|
1,943
|
|
Equity loans
|
5,387
|
|
1,728
|
|
703
|
|
18,313
|
|
40,432
|
|
568,732
|
|
635,295
|
|
371
|
|
Credit card
|
5,004
|
|
3,441
|
|
8,618
|
|
-
|
|
-
|
|
582,967
|
|
600,030
|
|
7,834
|
|
Consumer – direct
|
7,545
|
|
2,406
|
|
2,426
|
|
2,010
|
|
180
|
|
692,684
|
|
707,251
|
|
3,478
|
|
Consumer – indirect
|
34,444
|
|
6,726
|
|
2,576
|
|
4,102
|
|
-
|
|
3,057,685
|
|
3,105,533
|
|
6,568
|
|
Covered loans
|
6,582
|
|
3,872
|
|
45,402
|
|
179
|
|
-
|
|
432,525
|
|
488,560
|
|
873
|
|
Total loans
|
$ 135,031
|
|
$ 47,842
|
|
$ 70,750
|
|
$ 357,282
|
|
$ 158,072
|
|
$ 57,789,486
|
|
$ 58,558,463
|
|
$ 25,208
|
|
Loans held for sale
|
$ -
|
|
$ -
|
|
$ -
|
|
$ 257
|
|
$ -
|
|
$ 198,231
|
|
$ 198,488
|
|
$ -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
30-59 Days Past Due
|
|
60-89 Days Past Due
|
|
90 Days or More
Past Due
|
|
Nonaccrual
|
|
Accruing TDRs
|
|
Not Past Due or Impaired
|
|
Total
|
|
Net Charge Offs (Recoveries)
|
|
|
|
|
|
Commercial, financial and agricultural
|
$ 10,829
|
|
$ 5,765
|
|
$ 1,610
|
|
$ 61,157
|
|
$ 10,127
|
|
$ 23,739,049
|
|
$ 23,828,537
|
|
$ 712
|
|
Real estate – construction
|
1,954
|
|
994
|
|
477
|
|
7,964
|
|
2,112
|
|
2,141,151
|
|
2,154,652
|
|
(1,539)
|
|
Commercial real estate – mortgage
|
9,813
|
|
4,808
|
|
628
|
|
89,736
|
|
39,841
|
|
9,732,380
|
|
9,877,206
|
|
3,180
|
|
Residential real estate – mortgage
|
45,279
|
|
16,510
|
|
2,598
|
|
108,357
|
|
69,408
|
|
13,680,504
|
|
13,922,656
|
|
3,848
|
|
Equity lines of credit
|
9,929
|
|
4,395
|
|
2,679
|
|
32,874
|
|
-
|
|
2,254,907
|
|
2,304,784
|
|
2,128
|
|
Equity loans
|
6,357
|
|
3,268
|
|
997
|
|
19,029
|
|
41,197
|
|
564,120
|
|
634,968
|
|
755
|
|
Credit card
|
5,692
|
|
3,921
|
|
9,441
|
|
-
|
|
-
|
|
611,402
|
|
630,456
|
|
8,209
|
|
Consumer – direct
|
9,542
|
|
1,826
|
|
2,296
|
|
799
|
|
298
|
|
638,166
|
|
652,927
|
|
4,756
|
|
Consumer – indirect
|
35,366
|
|
7,935
|
|
2,771
|
|
2,624
|
|
-
|
|
2,821,712
|
|
2,870,408
|
|
8,367
|
|
Covered loans
|
6,678
|
|
4,618
|
|
47,957
|
|
114
|
|
-
|
|
435,823
|
|
495,190
|
|
335
|
|
Total loans
|
$ 141,439
|
|
$ 54,040
|
|
$ 71,454
|
|
$ 322,654
|
|
$ 162,983
|
|
$ 56,619,214
|
|
$ 57,371,784
|
|
$ 30,751
|
|
Loans held for sale
|
$ 240
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ -
|
|
$ 154,576
|
|
$ 154,816
|
|
$ -
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
BALANCE SHEET (Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
2014
|
|
December 31,
|
|
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks
|
$ 4,121,944
|
|
$ 3,898,257
|
|
$ 3,353,177
|
|
$ 3,664,182
|
|
$ 2,764,345
|
|
Federal funds sold, securities purchased under agreements to resell and interest bearing deposits
|
330,948
|
|
479,207
|
|
512,244
|
|
300,175
|
|
624,060
|
|
Cash and cash equivalents
|
4,452,892
|
|
4,377,464
|
|
3,865,421
|
|
3,964,357
|
|
3,388,405
|
|
Trading account assets
|
4,138,132
|
|
4,193,506
|
|
4,879,125
|
|
3,680,427
|
|
2,834,397
|
|
Investment securities available for sale
|
11,050,520
|
|
10,803,660
|
|
10,392,484
|
|
10,101,828
|
|
10,237,275
|
|
Investment securities held to maturity
|
1,322,676
|
|
1,357,801
|
|
1,375,075
|
|
1,373,542
|
|
1,348,354
|
|
Loans held for sale
|
70,582
|
|
634,158
|
|
195,616
|
|
198,488
|
|
154,816
|
|
Loans
|
61,324,084
|
|
60,287,221
|
|
60,007,226
|
|
58,558,463
|
|
57,371,784
|
|
Allowance for loan losses
|
(762,673)
|
|
(722,122)
|
|
(721,471)
|
|
(701,864)
|
|
(685,041)
|
|
Net loans
|
60,561,411
|
|
59,565,099
|
|
59,285,755
|
|
57,856,599
|
|
56,686,743
|
|
Premises and equipment, net
|
1,320,163
|
|
1,309,009
|
|
1,315,020
|
|
1,332,539
|
|
1,351,479
|
|
Bank owned life insurance
|
700,285
|
|
697,023
|
|
698,773
|
|
694,370
|
|
694,335
|
|
Goodwill
|
5,043,197
|
|
5,060,197
|
|
5,060,161
|
|
5,046,847
|
|
5,046,847
|
|
Other intangible assets
|
31,576
|
|
40,701
|
|
50,208
|
|
60,097
|
|
70,784
|
|
Other real estate owned
|
20,862
|
|
23,762
|
|
20,188
|
|
17,764
|
|
20,600
|
|
Other assets
|
1,252,784
|
|
1,297,620
|
|
1,332,923
|
|
1,148,883
|
|
1,318,392
|
|
Total assets
|
$ 89,965,080
|
|
$ 89,360,000
|
|
$ 88,470,749
|
|
$ 85,475,741
|
|
$ 83,152,427
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
Deposits:
|
|
|
|
|
|
|
|
|
|
|
Noninterest bearing
|
$ 19,290,266
|
|
$ 19,060,016
|
|
$ 19,048,273
|
|
$ 18,599,702
|
|
$ 17,169,412
|
|
Interest bearing
|
46,690,264
|
|
45,432,380
|
|
43,451,096
|
|
44,300,979
|
|
44,020,304
|
|
Total deposits
|
65,980,530
|
|
64,492,396
|
|
62,499,369
|
|
62,900,681
|
|
61,189,716
|
|
FHLB and other borrowings
|
5,438,620
|
|
6,216,425
|
|
6,778,066
|
|
4,919,141
|
|
4,809,843
|
|
Federal funds purchased and securities sold under agreements to repurchase
|
750,154
|
|
639,259
|
|
623,400
|
|
909,683
|
|
1,129,503
|
|
Other short-term borrowings
|
4,032,644
|
|
4,167,897
|
|
4,982,154
|
|
3,377,694
|
|
2,545,724
|
|
Accrued expenses and other liabilities
|
1,185,848
|
|
1,463,688
|
|
1,360,698
|
|
1,206,612
|
|
1,474,067
|
|
Total liabilities
|
77,387,796
|
|
76,979,665
|
|
76,243,687
|
|
73,313,811
|
|
71,148,853
|
|
Shareholder's Equity:
|
|
|
|
|
|
|
|
|
|
|
Preferred Stock
|
229,475
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Common stock — $0.01 par value
|
2,230
|
|
2,230
|
|
2,230
|
|
2,230
|
|
2,230
|
|
Surplus
|
15,188,474
|
|
15,246,072
|
|
15,245,414
|
|
15,278,877
|
|
15,285,991
|
|
Retained deficit
|
(2,772,614)
|
|
(2,859,770)
|
|
(2,985,011)
|
|
(3,121,071)
|
|
(3,262,181)
|
|
Accumulated other comprehensive loss
|
(99,307)
|
|
(37,789)
|
|
(64,672)
|
|
(27,654)
|
|
(51,357)
|
|
Total BBVA Compass Bancshares, Inc. shareholder's equity
|
12,548,258
|
|
12,350,743
|
|
12,197,961
|
|
12,132,382
|
|
11,974,683
|
|
Noncontrolling interests
|
29,026
|
|
29,592
|
|
29,101
|
|
29,548
|
|
28,891
|
|
Total shareholder's equity
|
12,577,284
|
|
12,380,335
|
|
12,227,062
|
|
12,161,930
|
|
12,003,574
|
|
Total liabilities and shareholder's equity
|
$ 89,965,080
|
|
$ 89,360,000
|
|
$ 88,470,749
|
|
$ 85,475,741
|
|
$ 83,152,427
|
|
BBVA COMPASS BANCSHARES, INC.
|
|
INCOME STATEMENT (Unaudited)
|
|
(Dollars in Thousands)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
2015
|
|
2014
|
|
December 31
|
|
September 30
|
|
June 30
|
|
March 31
|
|
December 31
|
|
Interest income:
|
|
|
|
|
|
|
|
|
|
|
Interest and fees on loans
|
$ 546,392
|
|
$ 540,517
|
|
$ 531,394
|
|
$ 543,842
|
|
$ 547,309
|
|
Interest on investment securities available for sale
|
49,066
|
|
46,646
|
|
48,204
|
|
48,208
|
|
45,786
|
|
Interest on investment securities held to maturity
|
6,870
|
|
6,953
|
|
6,924
|
|
6,702
|
|
6,860
|
|
Interest on federal funds sold, securities purchased under agreements to resell
|
|
|
|
|
|
|
|
|
|
|
and interest bearing deposits
|
1,591
|
|
1,659
|
|
1,362
|
|
996
|
|
566
|
|
Interest on trading account assets
|
13,058
|
|
14,431
|
|
13,832
|
|
9,614
|
|
5,696
|
|
Total interest income
|
616,977
|
|
610,206
|
|
601,716
|
|
609,362
|
|
606,217
|
|
Interest expense:
|
|
|
|
|
|
|
|
|
|
|
Interest on deposits
|
71,342
|
|
68,282
|
|
65,201
|
|
69,653
|
|
71,034
|
|
Interest on FHLB and other borrowings
|
22,920
|
|
20,422
|
|
27,540
|
|
19,106
|
|
20,010
|
|
Interest on federal funds purchased and securities sold under agreements to repurchase
|
2,856
|
|
2,506
|
|
1,702
|
|
1,326
|
|
918
|
|
Interest on other short-term borrowings
|
15,774
|
|
11,129
|
|
15,291
|
|
10,248
|
|
4,802
|
|
Total interest expense
|
112,892
|
|
102,339
|
|
109,734
|
|
100,333
|
|
96,764
|
|
Net interest income
|
504,085
|
|
507,867
|
|
491,982
|
|
509,029
|
|
509,453
|
|
Provision for loan losses
|
76,307
|
|
29,151
|
|
46,149
|
|
42,031
|
|
19,914
|
|
Net interest income after provision for loan losses
|
427,778
|
|
478,716
|
|
445,833
|
|
466,998
|
|
489,539
|
|
Noninterest income:
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit accounts
|
54,357
|
|
54,917
|
|
53,690
|
|
53,284
|
|
56,799
|
|
Card and merchant processing fees
|
28,900
|
|
29,024
|
|
28,711
|
|
26,183
|
|
26,432
|
|
Retail investment sales
|
24,040
|
|
26,055
|
|
26,373
|
|
25,146
|
|
25,424
|
|
Investment banking and advisory fees
|
20,260
|
|
17,842
|
|
36,799
|
|
30,334
|
|
24,228
|
|
Asset management fees
|
8,745
|
|
7,918
|
|
8,435
|
|
8,096
|
|
10,813
|
|
Corporate and correspondent investment sales
|
9,710
|
|
6,047
|
|
7,984
|
|
6,259
|
|
7,619
|
|
Mortgage banking income
|
5,989
|
|
554
|
|
12,556
|
|
8,159
|
|
5,627
|
|
Bank owned life insurance
|
5,135
|
|
4,345
|
|
4,394
|
|
4,788
|
|
5,809
|
|
Investment securities gains, net
|
14,689
|
|
6,736
|
|
27,399
|
|
32,832
|
|
5,434
|
|
Loss on prepayment of FHLB and other borrowings
|
(1,898)
|
|
—
|
|
(3,569)
|
|
(2,549)
|
|
—
|
|
Other
|
65,331
|
|
79,938
|
|
55,797
|
|
56,738
|
|
68,033
|
|
Total noninterest income
|
235,258
|
|
233,376
|
|
258,569
|
|
249,270
|
|
236,218
|
|
Noninterest expense:
|
|
|
|
|
|
|
|
|
|
|
Salaries, benefits and commissions
|
274,863
|
|
268,362
|
|
268,709
|
|
259,262
|
|
281,065
|
|
FDIC indemnification expense
|
5,460
|
|
8,461
|
|
12,419
|
|
28,789
|
|
34,313
|
|
Professional services
|
63,863
|
|
54,784
|
|
51,119
|
|
46,559
|
|
59,027
|
|
Equipment
|
57,493
|
|
58,151
|
|
57,175
|
|
58,141
|
|
58,401
|
|
Net occupancy
|
41,122
|
|
39,525
|
|
40,382
|
|
39,280
|
|
39,865
|
|
Marketing
|
9,440
|
|
10,624
|
|
11,618
|
|
10,088
|
|
5,894
|
|
Communications
|
5,286
|
|
5,682
|
|
5,245
|
|
5,767
|
|
6,003
|
|
Amortization of intangibles
|
9,125
|
|
9,507
|
|
9,889
|
|
10,687
|
|
24,556
|
|
Other
|
91,233
|
|
81,154
|
|
63,080
|
|
64,146
|
|
74,357
|
|
Total noninterest expense
|
557,885
|
|
536,250
|
|
519,636
|
|
522,719
|
|
583,481
|
|
Net income before income tax expense
|
105,151
|
|
175,842
|
|
184,766
|
|
193,549
|
|
142,276
|
|
Income tax expense
|
17,505
|
|
50,110
|
|
48,116
|
|
51,782
|
|
39,864
|
|
Net income
|
87,646
|
|
125,732
|
|
136,650
|
|
141,767
|
|
102,412
|
|
Less: net income attributable to noncontrolling interests
|
490
|
|
491
|
|
590
|
|
657
|
|
204
|
|
Net income attributable to shareholder
|
$ 87,156
|
|
$ 125,241
|
|
$ 136,060
|
|
$ 141,110
|
|
$ 102,208
|
Logo - http://photos.prnewswire.com/prnh/20140825/139263
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bbva-compass-reports-earnings-of-490-million-for-the-full-year-of-2015-up-five-percent-300214522.html
SOURCE BBVA Compass Bancshares, Inc.
Source: PR Newswire
(February 3, 2016 - 9:35 AM EST)
News by QuoteMedia
www.quotemedia.com
|
