BBVA Compass Bancshares, Inc. reports earnings of $222 million for first half of 2014

BBVA Compass Bancshares, Inc. reports earnings of $222 million for first half
                                   of 2014

Balance sheet growth fueled by robust loan and deposit demand

- Total loans end the quarter at $54.3 billion, up 14 percent from prior year
levels

- Total deposits increase 11 percent to $58.1 billion, driven by a 13 percent
increase in noninterest bearing deposits

- Key credit quality indicators continue to strengthen; nonperforming asset
ratio drops to 0.81 percent from 1.61 percent, net charge-off ratio falls to
0.26 percent

- Bank is No.1 with customers in American Banker's annual reputation survey

PR Newswire

HOUSTON, July 30, 2014

HOUSTON, July 30, 2014 /PRNewswire/ --BBVA Compass Bancshares, Inc., a
Sunbelt-based bank holding company (BBVA Compass), reported today net income
attributable to shareholder of $222 million for the first six months of 2014
compared to $238 million for the first six months of 2013. These results
include a $0.5 million loss and a $22 million gain on the prepayment of FHLB
and other borrowings for the first six months of 2014 and 2013, respectively.
Return on average assets and return on average tangible equity for the first
half of 2014 were 0.60 percent and 6.85 percent, respectively.

Net income attributable to shareholder for the second quarter of 2014 was $107
million compared to $128 million for the second quarter of 2013. Included in
the results for the second quarter of 2013 was a $23 million gain on the
prepayment of FHLB and other borrowings.

"The strong balance sheet growth BBVA Compass delivered during the first half
of 2014 is a direct reflection of the benefit of our customer-centric business
model, improving markets and our focus on utilizing technology as a
competitive advantage to quickly adapt our products and services to meet the
changing needs of our customers," said Manolo Sanchez, chairman and CEO of
BBVA Compass. "Our focus on serving our customers resulted in a 14 percent
increase in total loans, driven by healthy growth in both our commercial and
consumer portfolios. Deposit growth was also solid, increasing 11 percent in
total while noninterest bearing deposit growth was more pronounced at 13
percent."

Sanchez noted that strong balance sheet growth did not come at the expense of
maintaining sound and disciplined risk standards as key credit quality metrics
showed further improvement. Total nonperforming assets as a percentage of
loans, other real estate and other repossessed assets dropped to 0.81 percent
at the end of the second quarter and net charge-offs as a percentage of
average loans were 26 basis points compared to 54 basis points for the first
half of 2013.

Total shareholder's equity ended the second quarter of 2014 at $11.8 billion,
a 5 percent increase from second quarter 2013 levels. Sanchez said, "BBVA
Compass is committed to maintaining a strong capital position and at the end
of the second quarter each of our regulatory capital ratios remain
significantly above 'well-capitalized' guidelines."

Also in the quarter, BBVA Compass earned the top ranking with customers in
American Banker's annual reputation survey of the top 25 largest U.S. retail
banks. BBVA Compass' score jumped more than 12 points and came within two
points of achieving a "top-tier" score of 80 or higher, territory no bank has
seen since the survey started in 2010. BBVA Compass was the only bank to rank
in the top five across all seven dimensions of reputation among customers and
earned the top spot in governance, products, performance and innovation.

About BBVA Compass

BBVA Compass Bancshares, Inc. is a Sunbelt-based bank holding company whose
lead subsidiary, BBVA Compass, operates 673 branches, including 342 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 (5th). BBVA Compass has been
recognized as one of the leading small business lenders by the Small Business
Administration and recently earned the top ranking with customers in American
Banker's 2014 annual reputation survey of the top 25 largest U.S. retail
banks. Additional information about BBVA Compass can be found under the
Investor Relations tab at www.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 www.bbva.com.

Forward-Looking Statements

Certain statements in this press release may contain forward-looking
statements about the Company and its industry that involve substantial risks
and uncertainties. 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. 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 28, 2014, as updated by our subsequent SEC filings.

BBVA COMPASS BANCSHARES, INC.
(Unaudited)
(Dollars in thousands)
                Three Months Ended June   %       Six Months Ended June     %
                30,                               30,
                2014         2013         Change  2014         2013         Change
EARNINGS
SUMMARY
Net interest    $         $         (2)     $         $           (4)
income          498,774      510,315              994,073      1,033,261
Noninterest     213,981      208,056      3       417,333      399,585      4
income [a]
Total revenue   712,755      718,371      (1)     1,411,406    1,432,846    (1)
[a]
Investment
securities      21,464       18,075       19      37,898       33,030       15
gain, net
Gain (loss) on
prepayment of   -            22,882       NM    (458)        21,775       NM
FHLB advances
Provision for   45,252       24,237       87      82,518       43,852       88
loan losses
Noninterest     545,262      554,700      (2)     1,064,129    1,100,365    (3)
expense
Pretax income   143,705      180,391      (20)    302,199      343,434      (12)
Income tax      36,130       51,596       (30)    79,697       104,103      (23)
expense
Net income      107,575      128,795      (16)    222,502      239,331      (7)
Net income
attributable
to              504          568          (11)    957          961          -
noncontrolling
interests
Net income      $         $                 $         $   
attributable    107,071      128,227      (16)    221,545      238,370      (7)
to shareholder
SELECTED
RATIOS
Return on       0.57 %       0.74 %               0.60 %       0.69 %
average assets
Return on
average         6.52         8.32                 6.85         7.91
tangible
equity [b]
Average common
equity to       15.56        16.22                15.69        16.09
average assets
Average loans
to average      93.70        89.17                93.89        88.44
total deposits
Tier I capital  11.27        12.00                11.27        12.00
ratio [c]
Total capital   13.34        14.32                13.34        14.32
ratio [c]
Leverage ratio  9.68         9.90                 9.68         9.90
[c]
                Average for Three Months          Average for Six Months            Ending Balance
                Ended June 30,            %       Ended June 30,            %       June 30,                  %
                2014         2013         Change  2014         2013         Change  2014         2013         Change
BALANCE SHEET
HIGHLIGHTS
Total loans     $            $            15      $            $            15      $            $            14
                53,924,258  46,791,135          52,939,163  46,226,975          54,297,672  47,591,933
Total
investment      10,342,192   10,442,926   (1)     10,269,762   10,325,282   (1)     10,420,429   9,918,520    5
securities
Earning assets  64,375,186   57,392,898   12      63,316,324   56,697,347   12      64,864,449   57,648,938   13
Total assets    76,004,941   69,944,558   9       74,689,351   69,900,139   7       75,747,100   69,674,976   9
Noninterest
bearing demand  16,342,035   14,348,060   14      15,999,415   14,052,643   14      16,321,003   14,498,028   13
deposits
Interest
bearing         28,211,266   25,948,163   9       27,645,278   25,919,550   7       28,629,221   25,926,567   10
transaction
accounts
Total
transaction     44,553,301   40,296,223   11      43,644,693   39,972,193   9       44,950,224   40,424,595   11
accounts
Total deposits  57,549,565   52,473,024   10      56,386,091   52,266,440   8       58,118,406   52,260,682   11
Shareholder's   11,823,834   11,342,874   4       11,720,415   11,246,421   4       11,849,538   11,315,076   5
equity

[a] Excludes net gain on sales of investment securities and gain (loss)
on prepayment of FHLB advances.
[b] Excludes amortization of intangibles, net of tax, and intangible
assets.
[c] Current period regulatory capital ratios are estimated.
NM = Not meaningful



BBVA COMPASS BANCSHARES, INC.
(Unaudited)
(Dollars in Thousands)
                               2014               2013
                               June 30  March 31  December  September  June 30
                                                  31        30
NONPERFORMING ASSETS
Nonaccrual loans               $      $       $       $        $  
                               341,807  388,597   441,718   543,902   589,468
Loans 90 days or more past     76,219   83,490    82,814    98,035     121,215
due [a]
TDRs 90 days or more past due  629      204       1,317     739        363
 Total nonperforming       418,655  472,291   525,849   642,676    711,046
loans [b]
Other real estate owned, net   21,113   25,817    23,228    41,493     52,798
(OREO)
Other repossessed assets       2,796    3,313     3,360     3,896      3,224
Total nonperforming assets     $      $       $       $        $  
                               442,564  501,421   552,437   688,065   767,068
TDRs accruing and past due     $      $       $       $        $  
less than 90 days              177,630  202,075   208,391   225,961   243,009
Covered loans [c]              613,152  701,158   734,190   832,884    915,755
Covered nonperforming loans    59,331   63,664    62,038    76,301     99,480
[c]
Covered nonperforming assets   62,824   67,500    66,151    89,620     118,902
[c]
Total nonperforming loans as   0.77 %   0.89 %    1.03 %    1.30 %     1.49 %
a % of loans
Total nonperforming loans as
a % of loans, excluding        0.67     0.78      0.93      1.16       1.31
covered loans
Total nonperforming assets as
a % of total loans, other      0.81     0.95      1.09      1.39       1.61
real estate, and other
repossessed assets
Total nonperforming assets as
a % of total loans, other
real estate, and other         0.71     0.83      0.97      1.23       1.39
repossessed assets, excluding
covered assets
                               Three Months Ended
                               2014               2013
                               June 30  March 31  December  September  June 30
                                                  31        30
ALLOWANCE FOR LOAN LOSSES
Balance at beginning of        $      $       $       $        $  
period                         707,665  700,719   717,937   723,511   786,018
Net charge-offs (NCO)          38,157   30,320    43,378    43,108     86,744
Provision for loan losses      45,252   37,266    26,160    37,534     24,237
Balance at end of period       $      $       $       $        $  
                               714,760  707,665   700,719   717,937   723,511
Allowance for loan losses as   1.32 %   1.34 %    1.38 %    1.45 %     1.52 %
a % of total loans
Allowance for loan losses as
a % of nonperforming loans     170.73   149.84    133.25    111.71     101.75
[d]
Allowance for loan losses as
a % of nonperforming assets    161.50   141.13    126.84    104.34     94.32
[d]
Annualized as a % of average
loans:
NCO - QTD                      0.28     0.24      0.34      0.35       0.74
NCO - YTD                      0.26     0.24      0.44      0.47       0.54

[a] Excludes loans classified as troubled debt restructuring (TDRs).
[b] Includes loans held for sale.
[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 June 30,
                  2014                           2013
                  Average      Income/   Yield/  Average      Income/   Yield/
                  Balance      Expense   Rate    Balance      Expense   Rate
YIELD/RATE
ANALYSIS
(Taxable
Equivalent
Basis)
Assets
Earning assets:
Loans             $           $        3.97 %  $           $        4.61 %
                  53,924,258  533,572          46,791,135  537,394
Investment
securities        8,833,591    50,085    2.27    8,729,716    45,939    2.11
available for
sale [a]
Investment
securities held   1,463,642    10,066    2.76    1,550,056    10,843    2.81
to maturity
Other earning     108,736      622       2.29    158,837      839       2.12
assets
Total earning     64,330,227   594,345   3.71    57,229,744   595,015   4.17
assets [a]
Allowance for     (707,222)                      (770,742)
loan losses
Unrealized gain
(loss) on
securities        44,959                         163,154
available for
sale
Other assets      12,336,977                     13,322,402
Total assets      $                             $ 
                  76,004,941                    69,944,558
Liabilities and
Shareholder's
Equity
Interest bearing
liabilities:
Interest bearing  $          $      0.17    $          $      0.17
demand deposits   7,244,052   3,098             6,647,469   2,868
Savings and
money market      20,967,214   20,000    0.38    19,300,694   19,143    0.40
accounts
Certificates and
other time        12,876,734   37,748    1.18    12,052,084   31,699    1.05
deposits
Foreign office    119,530      55        0.18    124,717      69        0.22
deposits
 Total
interest bearing  41,207,530   60,901    0.59    38,124,964   53,779    0.57
deposits
FHLB and other    4,100,456    16,184    1.58    4,039,732    16,149    1.60
borrowings
Federal funds
purchased and
securities sold   876,593      437       0.20    1,016,816    551       0.22
under agreement
to repurchase
Other short-term  17,282       96        2.23    15,629       (24)      (0.62)
borrowings
Total interest
bearing           46,201,861   77,618    0.67    43,197,141   70,455    0.65
liabilities
Noninterest       16,342,035                     14,348,060
bearing deposits
Other
noninterest       1,637,211                      1,056,483
bearing
liabilities
Total             64,181,107                     58,601,684
liabilities
Shareholder's     11,823,834                     11,342,874
equity
Total
liabilities and   $                             $ 
shareholder's     76,004,941                    69,944,558
equity
Net interest
income/ net                    516,727   3.04 %               524,560   3.52 %
interest spread
Net yield on                             3.22 %                         3.68 %
earning assets
Total taxable
equivalent                     17,953                         14,245
adjustment
Net interest                   $                             $ 
income                         498,774                       510,315

[a] Excludes adjustment for market valuation.



BBVA COMPASS BANCSHARES, INC.
(Unaudited)
(Dollars in Thousands)
                 Six Months Ended June 30,
                 2014                           2013
                 Average     Income/    Yield/  Average      Income/    Yield/
                 Balance     Expense    Rate    Balance      Expense    Rate
YIELD/RATE
ANALYSIS
(Taxable
Equivalent
Basis)
Assets
Earning assets:
Loans            $          $         4.02 %  $           $         4.73 %
                 52,939,163  1,054,164          46,226,975  1,085,417
Investment
securities       8,743,587   101,079    2.33    8,626,071    95,088     2.22
available for
sale [a]
Investment
securities held  1,484,405   20,439     2.78    1,520,928    21,696     2.88
to maturity
Other earning    107,399     1,188      2.23    145,090      1,619      2.25
assets
Total earning    63,274,554  1,176,870  3.75    56,519,064   1,203,820  4.30
assets [a]
Allowance for    (704,997)                      (785,430)
loan losses
Unrealized gain
(loss) on
securities       41,770                         178,283
available for
sale
Other assets     12,078,024                     13,988,222
Total assets     $                             $ 
                 74,689,351                     69,900,139
Liabilities and
Shareholder's
Equity
Interest
bearing
liabilities:
Interest         $                            $  
bearing demand   7,366,899   6,095      0.17    6,739,604   5,702      0.17
deposits
Savings and
money market     20,278,379  35,666     0.35    19,179,946   40,485     0.43
accounts
Certificates
and other time   12,620,073  72,239     1.15    12,167,267   63,854     1.06
deposits
Foreign office   121,325     117        0.19    126,980      149        0.24
deposits
 Total
interest         40,386,676  114,117    0.57    38,213,797   110,190    0.58
bearing
deposits
FHLB and other   4,194,210   32,548     1.57    4,129,882    31,941     1.56
borrowings
Federal funds
purchased and
securities sold  908,703     937        0.21    1,062,802    1,131      0.21
under agreement
to repurchase
Other
short-term       14,931      122        1.65    13,268       48         0.73
borrowings
Total interest
bearing          45,504,520  147,724    0.66    43,419,749   143,310    0.67
liabilities
Noninterest
bearing          15,999,415                     14,052,643
deposits
Other
noninterest      1,465,001                      1,181,326
bearing
liabilities
Total            62,968,936                     58,653,718
liabilities
Shareholder's    11,720,415                     11,246,421
equity
Total
liabilities and  $                             $ 
shareholder's    74,689,351                     69,900,139
equity
Net interest
income/ net                  1,029,146  3.09 %               1,060,510  3.63 %
interest spread
Net yield on                            3.28 %                          3.78 %
earning assets
Total taxable
equivalent                   35,073                          27,249
adjustment
Net interest                 $                             $ 
income                       994,073                         1,033,261

[a] Excludes adjustment for market valuation.



BBVA COMPASS BANCSHARES, INC.
(Unaudited)
(Dollars in Thousands)
                 Six Months                      Three Months Ended
                 Ended June 30           %       2014              2013
                 2014        2013        Change  June 30  March    December  September  June 30
                                                          31       31        30
NONINTEREST
INCOME
Service charges  $         $                 $     $     $      $       $   
on deposit       108,349     110,372     (2)     54,958   53,391   56,812    54,229    54,884
accounts
Card and
merchant         52,777      50,737      4       28,473   24,304   25,320    26,132     26,113
processing fees
Retail
investment       55,408      49,690      12      28,844   26,564   25,552    22,034     25,311
sales
Asset            21,293      20,705      3       10,535   10,758   9,796     10,438     10,636
management fees
Corporate and
correspondent    16,628      18,943      (12)    7,972    8,656    8,720     8,011      9,547
investment
sales
Mortgage         10,426      24,611      (58)    6,150    4,276    3,178     7,610      13,141
banking income
Bank owned life  8,204       8,679       (5)     4,237    3,967    4,846     4,222      4,274
insurance
Other            144,248     115,848     25      72,812   71,436   56,850    78,309     64,150
                 417,333     399,585     4       213,981  203,352  191,074   210,985    208,056
Investment
securities       37,898      33,030      15      21,464   16,434   (1,659)   -          18,075
gains, net
Gain (loss) on
prepayment of    (458)       21,775      NM    -        (458)    -         -          22,882
FHLB and other
borrowings
Total            $         $                 $      $      $       $        $  
noninterest      454,773     454,390     -       235,445  219,328  189,415   210,985   249,013
income
NONINTEREST
EXPENSE
Salaries,        $         $                 $      $      $       $        $  
benefits and     525,870     499,228     5       263,301  262,569  261,643   244,373   247,905
commissions
FDIC
indemnification  61,988      156,642     (60)    30,370   31,618   55,453    55,064     70,335
expense
Professional     96,189      89,003      8       49,790   46,399   58,204    44,195     49,729
services
Equipment        109,207     98,506      11      55,469   53,738   59,070    50,483     50,891
Net occupancy    79,157      78,365      1       40,200   38,957   40,115    39,257     40,471
Marketing        18,510      18,994      (3)     9,986    8,524    9,212     9,146      9,926
Communications   12,641      11,493      10      6,294    6,347    7,392     7,080      4,682
Amortization of  26,165      31,502      (17)    13,631   12,534   14,305    14,884     15,462
intangibles
Other            134,402     116,632     15      76,221   58,181   71,277    57,657     65,299
Total            $           $                   $      $      $       $        $  
noninterest      1,064,129  1,100,365  (3)     545,262  518,867  576,671   522,139   554,700
expense

NM = Not meaningful

SOURCE BBVA Compass Bancshares, Inc.

Website: http://www.bbvacompass.com
Contact: Jena Moreno, Corporate Communications, 713.831.5867,
jena.morenogandy@bbva.com, or Ed Bilek, Investor Relations, 205.297.3331,
ed.bilek@bbva.com
 
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