October 01, 2016 9:52 AM 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 to Cut 35 Jobs in Corporate, Investment Banking Unit in U.S.; Appoints Michael Adler as Head of Corporate and Investment Banking

BBVA Compass appointed Michael Adler head of corporate and investment banking, consolidating all corporate and investment banking responsibilities in the U.S. under a single management. Adler, in his new responsibility, will be part of the board of BBVA Compass. In a move to streamline its organizational structure, BBVA Compass is cutting approximately 35 positions in its corporate and investment banking unit across bank offices in New York, Houston and Dallas.

BBVA Compass Bancshares, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2016

BBVA Compass Bancshares, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income for the second quarter of 2016 was $123 million compared to $39 million earned during the first quarter of 2016 and $140 million for the second quarter of 2015. Return on average assets and return on average tangible equity for the second quarter of 2016 were 0.53% and 6.45%, respectively. Net interest income was $504.238 million against $491.983 million a year ago. Total revenue was $760.800 million against $752.535 million a year ago. Pretax income was $154.774 million against $190.729 million a year ago. For the six months, the company reported net income of $162 million for the first six months of 2016 compared to $286 million earned during the first six months of 2015. Return on average assets and return on average tangible equity for the first six months of 2016 were 0.35% and 4.27%, respectively. Net interest income was $1,021.120 million against $1,001.014 million a year ago. Total revenue was $1,522.534 million against $1,503.357 million a year ago. Pretax income was $219.472 million against $390.507 million a year ago. For the second quarter, the company reported net charge-offs of $66.062 million against 26.542 million a year ago.

BBVA Compass Bancshares, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016; Reports Net Charge Offs for the First Quarter Ended March 31, 2016

BBVA Compass Bancshares, Inc. reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net interest income of $516.881 million compared to $509.029 million a year ago. Total revenue was $735.107 million compared to $728.016 million a year ago. Pretax income was $57.096 million compared to $193.549 million a year ago. Net income was $34.478 million compared to $141.767 million a year ago. Net income attributable to shareholder was $33.950 million compared to $141.110 million a year ago. Return on average assets was 0.15% compared to 0.68% a year ago. Return on average tangible equity was 1.83% compared to 8.25% a year ago. For the first quarter of 2016, the company reported net charge-offs of $53.478 million compared to $25.208 million a year ago.

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