BBVA Compass Bancshares Inc. reports earnings for full-year 2013 of $418 million
- Total loans end year at $50.8 billion, up 12 percent from prior year levels
- Total deposits increase to $54.4 billion; led by a 7 percent increase in noninterest bearing deposits
- Sound risk profile further strengthened; nonperforming asset ratio drops to 1.09 percent from 2.07 percent, net charge-off ratio declines to 0.44 percent
- Capital position remains strong; regulatory capital ratios continue to significantly exceed "well-capitalized" guidelines
HOUSTON, Feb. 4, 2014 /PRNewswire/ -- BBVA Compass Bancshares Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income attributable to shareholder for full-year 2013 of $418 million compared to $477 million for 2012. Return on average assets and return on average tangible equity for full-year 2013 were 0.60 percent and 6.77 percent, respectively.
"Despite the headwinds caused by the prolonged low interest-rate environment, BBVA Compass delivered robust balance sheet growth," said Manolo Sánchez, chairman and CEO of BBVA Compass. "Total loans increased 12 percent as we originated more than $16.4 billion of new loans for our customers. Deposit growth was also solid, led by a 7 percent increase in noninterest bearing deposits."
Sánchez said the growth did not come at the expense of maintaining a sound risk profile, as key credit quality metrics showed marked improvement. The nonperforming asset ratio dropped to 1.09 percent from 2.07 percent at year-end 2012. At the same time, net charge-offs as a percentage of average loans decreased to 0.44 percent compared to 0.63 percent in 2012.
"Equally important, BBVA Compass achieved these results while significantly upgrading our technology platform and digital distribution channels," Sánchez said. "As economic conditions continue to improve, we believe BBVA Compass is well-positioned given our ability to provide our customers with real-time banking, our capacity to quickly respond with products designed to meet the evolving needs of our customers and our complete line of mobile banking apps."
On November 22, 2013, BBVA Compass filed a Registration Statement on Form 10 with the United States Securities and Exchange Commission (SEC). An amended Form 10 was subsequently filed with the SEC on January 21, 2014. The Registration Statement on Form 10, as amended, is available through the public website of the SEC at www.sec.gov. Additional financial information on BBVA Compass can be found on our website at www.bbvacompass.com, under the About BBVA Compass tab, by clicking on Investor Relations.
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.
About BBVA Compass
BBVA Compass Bancshares Inc. is a Sunbelt-based bank holding company whose lead subsidiary, BBVA Compass, operates 685 branches, including 350 in Texas, 90 in Alabama, 78 in Arizona, 64 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 was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.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 Registration Statement on Form 10.
| BBVA COMPASS BANCSHARES, INC. |
|||||||||||||||
| (Unaudited) |
|||||||||||||||
| (In thousands) |
|||||||||||||||
| Three Months |
Year |
||||||||||||||
| Ended December 31 |
% |
Ended December 31 |
% |
||||||||||||
| 2013 |
2012 |
Change |
2013 |
2012 |
Change |
||||||||||
| EARNINGS SUMMARY |
|||||||||||||||
| Net interest income |
$ |
507,509 |
$ |
588,429 |
(14) |
$ |
2,042,681 |
$ |
2,229,982 |
(8) |
|||||
| Noninterest income [a] |
191,074 |
198,717 |
(4) |
801,644 |
798,857 |
- |
|||||||||
| Total revenue [a] |
698,583 |
787,146 |
(11) |
2,844,325 |
3,028,839 |
(6) |
|||||||||
| Investment securities gain/(losses), net |
(1,659) |
4,915 |
(134) |
31,371 |
12,832 |
144 |
|||||||||
| Gain on prepayment of FHLB advances |
- |
(141) |
(100) |
21,775 |
38,359 |
(43) |
|||||||||
| Provision for loan losses |
26,160 |
2,761 |
NM |
107,546 |
29,471 |
265 |
|||||||||
| Noninterest expense |
576,671 |
645,314 |
(11) |
2,199,175 |
2,351,847 |
(6) |
|||||||||
| Pretax income |
94,093 |
143,845 |
(35) |
590,750 |
698,712 |
(15) |
|||||||||
| Income tax expense |
24,787 |
47,276 |
(48) |
170,820 |
219,701 |
(22) |
|||||||||
| Net income |
69,306 |
96,569 |
(28) |
419,930 |
479,011 |
(12) |
|||||||||
| Net income attributable to noncontrolling interests |
486 |
588 |
(17) |
2,094 |
2,138 |
(2) |
|||||||||
| Net income attributable to shareholder |
$ |
68,820 |
$ |
95,981 |
(28) |
$ |
417,836 |
$ |
476,873 |
(12) |
|||||
| SELECTED RATIOS |
|||||||||||||||
| Return on average assets |
0.38 |
0.56 |
0.60 |
0.72 |
|||||||||||
| Return on average tangible equity [b] |
6.77 |
8.40 |
6.77 |
8.40 |
|||||||||||
| Average common equity to average assets |
15.94 |
16.10 |
16.12 |
16.41 |
|||||||||||
| Average loans to average total deposits |
93.96 |
89.11 |
91.26 |
90.87 |
|||||||||||
| Tier I capital ratio |
11.62 |
11.68 |
11.62 |
11.68 |
|||||||||||
| Total capital ratio |
13.74 |
14.28 |
13.74 |
14.28 |
|||||||||||
| Leverage ratio |
9.87 |
9.43 |
9.87 |
9.43 |
|||||||||||
| Average for Three Months |
Average for Year |
Ending Balance |
|||||||||||||||||||
| Ended December 31 |
% |
Ended December 31 |
% |
December 31 |
% |
||||||||||||||||
| 2013 |
2012 |
Change |
2013 |
2012 |
Change |
2013 |
2012 |
Change |
|||||||||||||
| BALANCE SHEET HIGHLIGHTS |
|||||||||||||||||||||
| Total loans |
$ 50,506,422 |
$ 45,188,234 |
12 |
$ 47,959,849 |
$ 44,118,556 |
9 |
$ 50,814,125 |
$ 45,333,608 |
12 |
||||||||||||
| Total investment securities |
9,921,999 |
9,577,602 |
4 |
10,100,601 |
9,792,547 |
3 |
9,832,281 |
9,496,359 |
4 |
||||||||||||
| Earning assets |
60,532,456 |
54,877,571 |
10 |
58,197,813 |
54,008,583 |
8 |
60,726,001 |
54,956,584 |
10 |
||||||||||||
| Total assets |
72,099,576 |
68,848,414 |
5 |
70,309,637 |
66,468,815 |
6 |
71,965,476 |
69,236,695 |
4 |
||||||||||||
| Noninterest bearing demand deposits |
15,492,506 |
14,635,913 |
6 |
14,586,725 |
13,854,155 |
5 |
15,377,844 |
14,436,539 |
7 |
||||||||||||
| Interest bearing transaction accounts |
26,298,335 |
23,965,650 |
10 |
25,961,989 |
23,243,133 |
12 |
26,969,845 |
24,990,104 |
8 |
||||||||||||
| Total transaction accounts |
41,790,841 |
38,601,563 |
8 |
40,548,714 |
37,097,288 |
9 |
42,347,689 |
39,426,643 |
7 |
||||||||||||
| Total deposits |
53,755,937 |
50,708,703 |
6 |
52,553,744 |
48,549,780 |
8 |
54,437,490 |
51,642,778 |
5 |
||||||||||||
| Shareholders' equity |
11,491,753 |
11,082,098 |
4 |
11,337,388 |
10,906,123 |
4 |
11,487,759 |
11,083,573 |
4 |
||||||||||||
| [a] Excludes net loss on sales of investment securities and gain on prepayment of FHLB advances. |
|||||||||||||||||||||
| [b] Excludes amortization of intangibles, net of tax, and intangible assets. |
| BBVA COMPASS BANCSHARES, INC. |
||||||||||
| (Unaudited) |
||||||||||
| (In thousands) |
||||||||||
| Year to Date |
||||||||||
| 2013 |
2012 |
|||||||||
| Dec 31 |
Sep 30 |
Jun 30 |
Mar 31 |
Dec 31 |
||||||
| NONPERFORMING ASSETS |
||||||||||
| Nonaccrual loans |
$ 441,718 |
$ 543,902 |
$ 589,468 |
$ 683,684 |
$ 727,776 |
|||||
| Loans 90 days or more past due, including TDRs |
84,131 |
98,774 |
121,578 |
127,646 |
141,867 |
|||||
| Total nonperforming loans |
525,849 |
642,676 |
711,046 |
811,330 |
869,643 |
|||||
| Other real estate, net |
23,228 |
41,493 |
52,798 |
69,543 |
68,568 |
|||||
| Other repossessed assets |
3,360 |
3,896 |
3,224 |
4,511 |
3,890 |
|||||
| Total nonperforming assets |
$ 552,437 |
$ 688,065 |
$ 767,068 |
$ 885,384 |
$ 942,101 |
|||||
| Renegotiated loans |
208,391 |
225,961 |
243,009 |
246,712 |
243,082 |
|||||
| Total nonperforming loans as a % of loans |
1.03 |
% |
1.30 |
% |
1.49 |
% |
1.77 |
% |
1.92 |
|
| Total nonperforming assets as a % of loans and ORE |
1.09 |
% |
1.39 |
% |
1.61 |
% |
1.93 |
% |
2.07 |
|
| Three Months Ended |
||||||||||
| 2013 |
2012 |
|||||||||
| Dec 31 |
Sep 30 |
Jun 30 |
Mar 31 |
Dec 31 |
||||||
| ALLOWANCE FOR LOAN LOSSES |
||||||||||
| Balance at beginning of period |
$ 717,937 |
$ 723,511 |
$ 786,018 |
$ 802,853 |
$ 903,833 |
|||||
| Net charge-offs (NCO) |
43,378 |
43,108 |
86,744 |
36,450 |
103,741 |
|||||
| Allowance transferred |
- |
- |
- |
- |
- |
|||||
| Provision for loan losses |
26,160 |
37,534 |
24,237 |
19,615 |
2,761 |
|||||
| Balance at end of period |
$ 700,719 |
$ 717,937 |
$ 723,511 |
$ 786,018 |
$ 802,853 |
|||||
| Allowance for loan losses as a % of total loans |
1.38 |
% |
1.45 |
% |
1.52 |
% |
1.72 |
% |
1.77 |
|
| Allowance for loan losses as a % of |
||||||||||
| nonperforming loans [a] |
133.25 |
111.71 |
101.75 |
96.88 |
92.32 |
|||||
| Allowance for loan losses as a % of |
||||||||||
| nonperforming assets |
126.84 |
104.34 |
94.32 |
88.78 |
85.22 |
|||||
| Annualized as a % of average loans: |
||||||||||
| NCO - QTD |
0.34 |
0.35 |
0.74 |
0.32 |
0.91 |
|||||
| NCO - YTD |
0.44 |
0.47 |
0.54 |
0.32 |
0.63 |
|||||
| [a] Includes loans held for sale that are on nonaccrual status. |
| BBVA COMPASS BANCSHARES, INC. |
||||||||||||||
| (Unaudited) |
||||||||||||||
| (In thousands) |
||||||||||||||
| Three Months Ended December 31 |
||||||||||||||
| 2013 |
2012 |
|||||||||||||
| YIELD/RATE ANALYSIS (Taxable Equivalent Basis) |
Average Balance |
Income/ Expense |
Yield/ Rate |
Average Balance |
Income/ Expense |
Yield/ Rate |
||||||||
| Assets |
||||||||||||||
| Earning assets: |
||||||||||||||
| Loans |
$ 50,506,422 |
$ 535,388 |
4.21 |
% |
$ 45,188,234 |
$ 611,602 |
5.37 |
% |
||||||
| Investment securities held to maturity |
1,535,107 |
10,720 |
2.77 |
1,506,190 |
10,432 |
2.75 |
||||||||
| Investment securities available for sale [a] |
8,352,632 |
46,739 |
2.22 |
7,826,835 |
49,744 |
2.52 |
||||||||
| Other earning assets |
104,035 |
615 |
2.35 |
111,735 |
674 |
2.39 |
||||||||
| Total earning assets [a] |
60,498,196 |
593,462 |
3.89 |
54,632,994 |
672,452 |
4.88 |
||||||||
| Allowance for loan losses |
(717,913) |
(878,045) |
||||||||||||
| Unrealized gain (loss) on securities |
||||||||||||||
| available for sale |
34,260 |
244,577 |
||||||||||||
| Other assets |
12,285,033 |
14,848,888 |
||||||||||||
| $ 72,099,576 |
$ 68,848,414 |
|||||||||||||
| Liabilities and Shareholders' Equity |
||||||||||||||
| Interest bearing liabilities: |
||||||||||||||
| Interest bearing transaction accounts |
$ 26,298,335 |
18,719 |
0.28 |
$ 23,965,650 |
23,334 |
0.39 |
||||||||
| Time deposits |
4,023,853 |
10,931 |
1.08 |
3,979,043 |
10,239 |
1.02 |
||||||||
| Certificates of deposit of $100M or more [a] |
7,941,243 |
22,229 |
1.11 |
8,128,097 |
20,801 |
1.02 |
||||||||
| Federal funds purchased and securities |
964,386 |
505 |
0.21 |
1,125,632 |
638 |
0.22 |
||||||||
| sold under agreement to repurchase |
||||||||||||||
| Other short-term borrowings |
12,916 |
31 |
0.95 |
8,353 |
39 |
1.85 |
||||||||
| FHLB and other borrowings [a] |
4,416,532 |
17,205 |
1.55 |
4,438,947 |
16,586 |
1.48 |
||||||||
| Total interest bearing liabilities [a] |
43,657,265 |
69,620 |
0.63 |
41,645,722 |
71,637 |
0.68 |
||||||||
| Net interest spread |
523,842 |
3.26 |
% |
600,815 |
4.20 |
% |
||||||||
| Noninterest bearing demand deposits |
15,492,506 |
14,635,913 |
||||||||||||
| Other liabilities |
1,458,052 |
1,484,681 |
||||||||||||
| Shareholders' equity |
11,491,753 |
11,082,098 |
||||||||||||
| $ 72,099,576 |
$ 68,848,414 |
|||||||||||||
| Net yield on earning assets |
3.44 |
% |
4.36 |
% |
||||||||||
| Taxable equivalent adjustment: |
||||||||||||||
| Loans |
11,114 |
7,920 |
||||||||||||
| Investment securities held to maturity |
3,220 |
3,117 |
||||||||||||
| Investment securities available for sale |
1,997 |
1,346 |
||||||||||||
| Other earning assets |
2 |
4 |
||||||||||||
| Total taxable equivalent adjustment |
16,333 |
12,387 |
||||||||||||
| Net interest income |
$ 507,509 |
$ 588,428 |
||||||||||||
| [a] Excludes adjustment for market valuation. |
| BBVA COMPASS BANCSHARES, INC. |
||||||||||||||
| (Unaudited) |
||||||||||||||
| (In thousands) |
||||||||||||||
| Year Ended December 31 |
||||||||||||||
| 2013 |
2012 |
|||||||||||||
| YIELD/RATE ANALYSIS (Taxable Equivalent Basis) |
Average Balance |
Income/ Expense |
Yield/ Rate |
Average Balance |
Income/ Expense |
Yield/ Rate |
||||||||
| Assets |
||||||||||||||
| Earning assets: |
||||||||||||||
| Loans |
$ 47,959,849 |
$ 2,149,731 |
4.48 |
% |
$ 44,118,556 |
$ 2,268,077 |
5.14 |
% |
||||||
| Investment securities held to maturity |
1,539,945 |
43,467 |
2.82 |
1,416,202 |
40,828 |
2.88 |
||||||||
| Investment securities available for sale [a] |
8,462,224 |
185,624 |
2.19 |
8,134,694 |
225,839 |
2.78 |
||||||||
| Other earning assets |
137,363 |
3,171 |
2.31 |
97,480 |
2,629 |
2.70 |
||||||||
| Total earning assets [a] |
58,099,381 |
2,381,993 |
4.10 |
53,766,932 |
2,537,373 |
4.72 |
||||||||
| Allowance for loan losses |
(752,801) |
(964,101) |
||||||||||||
| Unrealized gain (loss) on securities |
||||||||||||||
| available for sale |
98,432 |
241,651 |
||||||||||||
| Other assets |
12,864,625 |
13,424,333 |
||||||||||||
| $ 70,309,637 |
$ 66,468,815 |
|||||||||||||
| Liabilities and Shareholders' Equity |
||||||||||||||
| Interest bearing liabilities: |
||||||||||||||
| Interest bearing transaction accounts |
$ 25,961,989 |
83,237 |
0.32 |
$ 23,243,133 |
78,183 |
0.34 |
||||||||
| Time deposits |
4,072,550 |
43,902 |
1.08 |
3,890,096 |
40,022 |
1.03 |
||||||||
| Certificates of deposit of $100M or more [a] |
7,932,480 |
84,961 |
1.07 |
7,562,396 |
74,439 |
0.98 |
||||||||
| Federal funds purchased and securities |
979,759 |
2,082 |
0.21 |
1,226,301 |
2,783 |
0.23 |
||||||||
| sold under agreement to repurchase |
||||||||||||||
| Other short-term borrowings |
12,739 |
118 |
0.93 |
15,618 |
113 |
0.72 |
||||||||
| FHLB and other borrowings [a] |
4,156,172 |
66,275 |
1.59 |
4,304,107 |
66,014 |
1.53 |
||||||||
| Total interest bearing liabilities [a] |
43,115,689 |
280,575 |
0.65 |
40,241,651 |
261,554 |
0.65 |
||||||||
| Net interest spread |
2,101,418 |
3.45 |
% |
2,275,819 |
4.07 |
% |
||||||||
| Noninterest bearing demand deposits |
14,586,725 |
13,854,155 |
||||||||||||
| Other liabilities |
1,269,835 |
1,466,886 |
||||||||||||
| Shareholders' equity |
11,337,388 |
10,906,123 |
||||||||||||
| $ 70,309,637 |
$ 66,468,815 |
|||||||||||||
| Net yield on earning assets |
3.62 |
% |
4.23 |
% |
||||||||||
| Taxable equivalent adjustment: |
||||||||||||||
| Loans |
38,571 |
28,916 |
||||||||||||
| Investment securities held to maturity |
12,835 |
11,422 |
||||||||||||
| Investment securities available for sale |
7,323 |
5,486 |
||||||||||||
| Other earning assets |
8 |
13 |
||||||||||||
| Total taxable equivalent adjustment |
58,737 |
45,837 |
||||||||||||
| Net interest income |
$ 2,042,681 |
$ 2,229,982 |
||||||||||||
| [a] Excludes adjustment for market valuation. |
||||||||||||||
| BBVA COMPASS BANCSHARES, INC. |
||||||||||||||||
| (Unaudited) |
||||||||||||||||
| (In thousands) |
||||||||||||||||
| Year |
Three Months Ended |
|||||||||||||||
| Ended December 31 |
% |
2013 |
2012 |
|||||||||||||
| 2013 |
2012 |
Change |
Dec 31 |
Sep 30 |
Jun 30 |
Mar 31 |
Dec 31 |
|||||||||
| NONINTEREST INCOME |
||||||||||||||||
| Service charges on deposit accounts |
$ 221,413 |
$ 254,675 |
(13) |
$ 56,812 |
$ 54,229 |
$ 54,884 |
$ 55,488 |
$ 61,507 |
||||||||
| Card and merchant processing fees |
102,189 |
101,540 |
1 |
25,320 |
26,132 |
26,113 |
24,624 |
25,311 |
||||||||
| Insurance commissions |
753 |
9,469 |
(92) |
192 |
210 |
183 |
168 |
201 |
||||||||
| Retail investment sales |
97,276 |
97,504 |
- |
25,552 |
22,034 |
25,311 |
24,379 |
23,547 |
||||||||
| Asset management fees |
40,939 |
37,848 |
8 |
9,796 |
10,438 |
10,636 |
10,069 |
9,384 |
||||||||
| Corporate and correspondent investment sales |
35,674 |
38,014 |
(6) |
8,720 |
8,011 |
9,547 |
9,396 |
13,487 |
||||||||
| Bank owned life insurance |
17,747 |
20,335 |
(13) |
4,846 |
4,222 |
4,274 |
4,405 |
4,877 |
||||||||
| Other income |
285,653 |
239,472 |
19 |
59,836 |
85,709 |
77,108 |
63,000 |
60,403 |
||||||||
| 801,644 |
798,857 |
- |
191,074 |
210,985 |
208,056 |
191,529 |
198,717 |
|||||||||
| Investment securities gain/(losses), net |
31,371 |
12,832 |
144 |
(1,659) |
- |
18,075 |
14,955 |
4,915 |
||||||||
| Gain on prepayment of FHLB advances |
21,775 |
38,359 |
(43) |
- |
- |
22,882 |
(1,107) |
(141) |
||||||||
| Total noninterest income |
$ 854,790 |
$ 850,048 |
1 |
$ 189,415 |
$ 210,985 |
$ 249,013 |
$ 205,377 |
$ 203,491 |
||||||||
| NONINTEREST EXPENSE |
||||||||||||||||
| Salaries and benefits |
$ 1,005,244 |
$ 1,003,010 |
- |
$ 261,643 |
$ 244,373 |
$ 247,905 |
$ 251,323 |
$ 247,318 |
||||||||
| FDIC indemnification expense |
267,159 |
372,496 |
(28) |
55,453 |
55,064 |
70,335 |
86,307 |
141,499 |
||||||||
| Equipment expense |
208,059 |
173,459 |
20 |
59,070 |
50,483 |
50,891 |
47,615 |
51,536 |
||||||||
| Net occupancy expense |
157,737 |
153,429 |
3 |
40,115 |
39,257 |
40,471 |
37,894 |
40,271 |
||||||||
| Professional services |
191,402 |
176,266 |
9 |
58,204 |
44,195 |
49,729 |
39,274 |
54,997 |
||||||||
| Marketing expense |
37,352 |
28,233 |
32 |
9,212 |
9,146 |
9,926 |
9,068 |
6,407 |
||||||||
| Communications expense |
25,965 |
30,349 |
(14) |
7,392 |
7,080 |
4,682 |
6,811 |
7,629 |
||||||||
| Amortization of intangibles |
60,691 |
91,746 |
(34) |
14,305 |
14,884 |
15,462 |
16,040 |
23,740 |
||||||||
| Other expense |
245,566 |
322,859 |
(24) |
71,277 |
57,657 |
65,299 |
51,333 |
71,917 |
||||||||
| Total noninterest expense |
$ 2,199,175 |
$ 2,351,847 |
(6) |
$ 576,671 |
$ 522,139 |
$ 554,700 |
$ 545,665 |
$ 645,314 |
||||||||
SOURCE BBVA Compass
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