January 16, 2017 2:00 PM ET

Banks

Company Overview of BBVA Compass Bancshares, Inc.

Company Overview

BBVA Compass Bancshares, Inc. operates as the bank holding company for Compass Bank that provides banking services under the BBVA Compass brand name. The company operates through Consumer and Commercial Banking, Corporate and Investment Banking, and Treasury segments. It accepts demand and time deposits, personal and commercial checking accounts, as well as interest and noninterest-bearing demand deposits, savings and money market deposits, certificates of deposit, and other time deposits. It also offers home mortgages, credit and debit cards, insurance products, mutual funds, and brokerage services to individuals; private banking services to high net worth individuals; and wealth management...

2200 Post Oak Boulevard

Houston, TX 77056

United States

Founded in 1970

10,553 Employees

Phone:

205-297-3000

Key Executives for BBVA Compass Bancshares, Inc.

Chairman, Chief Executive Officer, President, Chief Executive Officer of Compass Bank and President of Compass Bank
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Texas Border Region
Chief Executive Officer of East Region Community Banking
Compensation as of Fiscal Year 2016.

BBVA Compass Bancshares, Inc. Key Developments

BBVA Compass Bancshares, Inc. Announces Executive Changes

On December 21, 2016, BBVA Compass Bancshares, Inc. announced that Onur Gen will become its new chief executive officer. The current chairman and chief executive officer, Manolo S nchez, will remain as chairman of the Company. The appointment of Mr. Gen will be effective during the first quarter of 2017.

BBVA Compass Bancshares, Inc. Announces Change in Independent Registered Public Accounting Firm

On October 26, 2016, the Audit Committee of the Board of Directors of BBVA Compass Bancshares, Inc. approved the selection of KPMG, LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2017. The Company's current independent registered public accounting firm, Deloitte & Touche LLP was notified on October 26, 2016 that it will not be retained as the company's independent registered public accounting firm for the fiscal year ending December 31, 2017.

BBVA Compass Bancshares, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

BBVA Compass Bancshares, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of $514,809,000 compared to $507,874,000 a year ago. Pretax income was $157,196,000 compared to $182,068,000 a year ago. Net income attributable to shareholders was $119,828,000 compared to $129,149,000 a year ago. Return on average assets was of 0.53% compared to 0.57% a year ago. Return on average tangible equity was 6.21% against 7.11% a year ago. For the nine months, the company reported net interest income of $153,929,000 compared to $1,508,888,000 a year ago. Pretax income was $376,668,000 compared to $572,575,000 a year ago. Net income attributable to shareholders was $280,551,000 compared to $413,972,000 a year ago. Return on average assets was of 0.41% compared to 0.63% a year ago. Return on average tangible equity was 4.92% against 7.79% a year ago.

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