BBVA USA Bancshares, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - 8-K - BBVA USA Bancshares, Inc.	bbvacompass093020158k.htm

Exhibit 99.1

Total revenue increases 5 percent in third quarter of 2015

BBVA Compass reports earnings of $402 million for the first nine months of 2015, up 10 percent


◦	Total loans end the quarter at $60.9 billion, up 10 percent from prior year levels


◦	Total deposits increase 7 percent to $64.5 billion, fueled by a 12 percent increase in noninterest bearing deposits


◦	Strong business activity drives 4 percent increase in total revenue; revenue growth in third quarter balanced as both net interest income and noninterest income increase 5 percent


◦	Focus on driving efficiencies and disciplined expense management result in 1 percent decline in noninterest expenses


◦	Credit quality metrics at historical lows; net charge-off ratio at 18 basis points, nonperforming loan ratio at 75 basis points and coverage ratio strong at 159 percent

HOUSTON, October 30, 2015 - BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income attributable to shareholder of $402 million for the first nine months of 2015, a 10 percent increase compared to $364 million earned during the first nine months of 2014. Return on average assets and return on average tangible equity¹ for the first nine months of 2015 were 0.62 percent and 7.64 percent, respectively.

Net income attributable to shareholder for the third quarter of 2015 was $125 million compared to the $143 million earned during the third quarter of 2014. Return on average assets and return on average tangible equity¹ for the third quarter of 2015 were 0.56 percent and 6.96 percent, respectively.

“Our strong business activity allowed us to deliver solid revenue growth despite the continued challenging, low interest rate environment,” said Manolo Sánchez, chairman and CEO of BBVA Compass. “Total loans increased 10 percent and we have funded more than $13.3 billion in new loans to our customers so far this year. At the same time, total deposits increased 7 percent, fueled by a 12 percent increase in noninterest bearing demand deposits.”

“This level of activity also reflects our commitment to be at the forefront of the digital change sweeping the banking industry,” Sánchez said. “We’ve been able to quickly adapt our products and services to meet our customers’ changing needs due to our real-time platform and our work with digital disruptors.”

Total revenue increased 4 percent as both net interest income and noninterest income posted positive results. Net interest income increased 2 percent from prior year levels while income from fee-based businesses grew 7 percent. Revenue growth in the third quarter of 2015 was more balanced as both net interest income and noninterest income grew at 5 percent. Expense growth was well contained as improved efficiencies and disciplined expense management resulted in a 1 percent decrease in total noninterest expenses.

Sánchez noted that while balance sheet growth was robust, credit quality metrics continue to measure at historical lows. Net charge-offs as a percentage of average loans were 18 basis points for the first nine months of 2015, while the ratio of nonperforming loans to total loans at 75 basis points improved from both second quarter 2015 and third quarter 2014 levels. The coverage ratio that measures the amount of reserves to nonperforming loans remains strong at 159 percent.

“Our entire organization is committed to maintaining sound underwriting standards and a strong risk profile,” Sánchez said. “Importantly, each of our loan portfolios continue to perform well and within our expectations, including our energy portfolio. The prolonged period of low energy prices has, as expected, resulted in some modest, negative migration within internal classifications. But at this point we have not seen any deterioration that gives us undue concern and we remain comfortable with this conservatively underwritten and well-collateralized portfolio.”

Total shareholder’s equity ended the third quarter of 2015 at $12.4 billion, a 4 percent increase from $11.9 billion at the end of the third quarter of 2014. Each of the company’s regulatory capital ratios remain significantly above “well-capitalized” guidelines.

During the third quarter, BBVA Compass debuted the BBVA Compass ClearSpend prepaid Visa® debit card in response to the increasing use of prepaid debit cards across all ages and income levels. The card comes with a mobile budgeting app to give users better control of their financial lives. Real-time in-app mobile alerts contain information on transaction amounts and locations, current balances and category budgeting trends.

BBVA Compass also announced its new BBVA Compass Community Advisory Board. Made up of 19 community leaders from across the BBVA Compass franchise, as well as national leaders, the board is designed to help steer the bank’s efforts to better serve low-to moderate-income individuals and neighborhoods, and strengthen its community development programs.

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.



Contact details:
Christina Anderson		Ed Bilek
Corporate Communications		Investor Relations
Tel. 205.524.5214		Tel. 205.297.3331
christina.anderson@bbva.com		ed.bilek@bbva.com

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’ mobile app recently earned the Mobile Banking Leader in Functionality Award for the second consecutive year in the Javelin Strategy & Research’s Mobile Banking Financial Institution Scorecard. 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 September 30,						%		Nine Months Ended September 30,						%
	2015			2014			Change		2015			2014			Change
EARNINGS SUMMARY
Net interest income	$	507,867		$	481,968		5		$	1,508,878		$	1,476,041		2
Noninterest income [a]	226,640			216,578			5		680,366			633,911			7
Total revenue [a]	734,507			698,546			5		2,189,244			2,109,952			4
Investment securities gain, net	6,736			9,710			(31	)	66,967			47,608			41
Gain (loss) on prepayment of FHLB advances	—			143			NM		(6,118		)	(315		)	NM
Provision for loan losses	29,151			3,869			653		117,331			86,387			36
Noninterest expense	536,250			533,142			1		1,578,605			1,597,271			(1	)
Pretax income	175,842			171,388			3		554,157			473,587			17
Income tax expense	50,110			27,770			80		150,008			107,467			40
Net income	125,732			143,618			(12	)	404,149			366,120			10
Net income attributable to noncontrolling interests	491			815			(40	)	1,738			1,772			(2	)
Net income attributable to shareholder	$	125,241		$	142,803		(12	)	$	402,411		$	364,348		10

SELECTED RATIOS
Return on average assets	0.56		%	0.73		%			0.62		%	0.65		%
Return on average tangible equity [b]	6.96			8.48					7.64			7.41
Average common equity to average assets	13.72			15.3					13.95			15.56
Average loans to average total deposits	94.72			92.75					94.93			93.49
Common equity tier I capital (CET1) [c]	10.68			NA					10.68			NA
Tier I capital ratio [c]	10.75			11.25					10.75			11.25
Total capital ratio [c]	13.39			13.30					13.39			13.30
Leverage ratio [c]	8.69			9.58					8.69			9.58
[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)

	Average for Three Months					Average for Nine Months					Ending Balance
	Ended September 30,				%	Ended September 30,				%	September 30,				%
	2015		2014		Change	2015		2014		Change	2015		2014		Change
BALANCE SHEET HIGHLIGHTS
Total loans	$	60,632,304	$	55,349,649	10	$	59,737,187	$	53,751,488	11	$	60,921,379	$	55,200,115	10
Total investment securities	11,883,785		10,593,570		12	11,604,103		10,378,884		12	12,161,461		10,744,398		13
Earning assets	77,366,246		66,142,913		17	75,721,921		64,268,874		18	77,534,173		66,503,180		17
Total assets	89,761,730		77,909,087		15	87,588,735		75,774,391		16	89,360,000		79,192,189		13
Noninterest bearing demand deposits	19,311,966		17,039,477		13	18,749,621		16,349,912		15	19,060,016		16,979,235		12
Interest bearing transaction accounts	31,364,714		29,558,841		6	31,172,051		28,290,142		10	31,813,690		30,283,451		5
Total transaction accounts	50,676,680		46,598,318		9	49,921,672		44,640,054		12	50,873,706		47,262,686		8
Total deposits	64,012,429		59,675,681		7	62,925,579		57,494,671		9	64,492,396		60,270,958		7
Shareholder's equity	12,317,150		11,917,267		3	12,222,970		11,786,754		4	12,380,335		11,927,053		4

BBVA COMPASS BANCSHARES, INC. (Unaudited) (Dollars in thousands)

	2015									2014
	September 30			June 30			March 31			December 31			September 30
NONPERFORMING ASSETS
Nonaccrual loans [b]	$	380,930		$	395,350		$	357,539		$	322,654		$	344,937
Loans 90 days or more past due [a]	73,588			69,710			70,750			71,454			76,196
TDRs 90 days or more past due	678			1,224			820			1,722			991
Total nonperforming loans [b]	455,196			466,284			429,109			395,830			422,124
Other real estate owned, net (OREO)	23,762			20,188			17,764			20,600			17,058
Other repossessed assets	3,331			4,255			3,823			$	3,920		$	3,618
Total nonperforming assets	$	482,289		$	490,727		$	450,696		$	420,350		$	442,800

TDRs accruing and past due less than 90 days	$	154,397		$	155,592		$	157,252		$	161,261		$	170,789

Covered loans [c]	458,066			473,842			488,560			495,190			580,756
Covered nonperforming loans [c]	43,192			44,664			45,581			48,071			56,221
Covered nonperforming assets [c]	45,569			47,085			47,598			51,989			59,609

Total nonperforming loans as a % of loans	0.75		%	0.77		%	0.73		%	0.69		%	0.76		%
Total nonperforming loans as a % of loans, excluding covered loans	0.68			0.71			0.66			0.61			0.67
Total nonperforming assets as a % of total loans, other real estate, and other repossessed assets	0.79			0.81			0.77			0.73			0.80
Total nonperforming assets as a % of total loans, other real estate, and other repossessed assets, excluding covered assets	0.72			0.74			0.69			0.65			0.70
[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.



	Three Months Ended
	2015									2014
	September 30			June 30			March 31			December 31			September 30
ALLOWANCE FOR LOAN LOSSES
Balance at beginning of period	$	721,471		$	701,864		$	685,041		$	695,878		$	714,760
Net charge-offs (NCO)	28,500			26,542			25,208			30,751			22,751
Provision for loan losses	29,151			46,149			42,031			19,914			3,869
Balance at end of period	$	722,122		$	721,471		$	701,864		$	685,041		$	695,878

Allowance for loan losses as a % of total loans	1.20		%	1.20		%	1.20		%	1.19		%	1.27		%
Allowance for loan losses as a % of nonperforming loans [a]	158.64			154.73			163.56			173.06			164.85
Allowance for loan losses as a % of nonperforming assets [a]	149.73			147.02			155.73			162.97			157.15

Annualized as a % of average loans:
NCO - QTD	0.19			0.18			0.17			0.22			0.16
NCO - YTD	0.18			0.18			0.17			0.22			0.23
[a] Includes loans held for sale that are on nonaccrual status.

BBVA COMPASS BANCSHARES, INC. (Unaudited) (Dollars in thousands)

	Three Months Ended September 30,
	2015							2014
	Average Balance			Income/ Expense		Yield/ Rate		Average Balance			Income/ Expense		Yield/ Rate
YIELD/RATE ANALYSIS
(Taxable Equivalent Basis)
Assets
Earning assets:
Loans	$	60,632,304		$	555,713	3.64	%	$	55,349,649		$	523,843	3.75	%
Investment securities available for sale [a]	10,507,688			47,360		1.79		9,128,401			50,150		2.18
Investment securities held to maturity	1,366,529			10,119		2.94		1,428,009			9,871		2.74
Other earning assets	4,850,157			16,090		1.32		199,694			984		1.95
Total earning assets [a]	77,356,678			629,282		3.23		66,105,753			584,848		3.51
Allowance for loan losses	(725,871		)					(712,811		)
Unrealized gain (loss) on securities available for sale	9,568							37,160
Other assets	13,121,355							12,478,985
Total assets	$	89,761,730						$	77,909,087

Liabilities and Shareholder's Equity
Interest bearing liabilities:
Interest bearing demand deposits	$	6,949,920		$	2,943	0.17		$	7,079,309		$	2,971	0.17
Savings and money market accounts	24,414,794			22,260		0.36		22,479,532			24,256		0.43
Certificates and other time deposits	13,158,735			42,990		1.30		12,956,374			39,478		1.21
Foreign office deposits	177,014			89		0.20		120,989			58		0.19
Total interest bearing deposits	44,700,463			68,282		0.61		42,636,204			66,763		0.62
FHLB and other borrowings	6,331,187			20,422		1.28		3,827,684			16,399		1.70
Federal funds purchased and securities sold under agreement to repurchase	677,351			2,506		1.47		838,802			447		0.21
Other short-term borrowings	4,370,077			11,129		1.01		51,290			394		3.05
Total interest bearing liabilities	56,079,078			102,339		0.72		47,353,980			84,003		0.70
Noninterest bearing deposits	19,311,966							17,039,477
Other noninterest bearing liabilities	2,053,536							1,598,363
Total liabilities	77,444,580							65,991,820
Shareholder's equity	12,317,150							11,917,267
Total liabilities and shareholder's equity	$	89,761,730						$	77,909,087

Net interest income/ net interest spread				526,943		2.51	%				500,845		2.81	%
Net yield on earning assets						2.70	%						3.01	%

Total taxable equivalent adjustment				19,076							18,877

Net interest income				$	507,867						$	481,968
[a] Excludes adjustment for market valuation.

BBVA COMPASS BANCSHARES, INC. (Unaudited) (Dollars in thousands)

	Nine Months Ended September 30,
	2015							2014
	Average Balance			Income/ Expense		Yield/ Rate		Average Balance			Income/ Expense		Yield/ Rate
YIELD/RATE ANALYSIS
(Taxable Equivalent Basis)
Assets
Earning assets:
Loans	$	59,737,187		$	1,659,303	3.71	%	$	53,751,488		$	1,578,007	3.93	%
Investment securities available for sale [a]	10,193,624			146,583		1.92		8,873,269			151,229		2.28
Investment securities held to maturity	1,366,299			29,782		2.91		1,465,399			30,310		2.77
Other earning assets	4,380,631			41,895		1.28		138,502			2,172		2.10
Total earning assets [a]	75,677,741			1,877,563		3.32		64,228,658			1,761,718		3.67
Allowance for loan losses	(707,459		)					(707,630		)
Unrealized gain (loss) on securities available for sale	44,180							40,216
Other assets	12,574,273							12,213,147
Total assets	$	87,588,735						$	75,774,391

Liabilities and Shareholder's Equity
Interest bearing liabilities:
Interest bearing demand deposits	$	7,281,588		$	8,868	0.16		$	7,269,983		$	9,066	0.17
Savings and money market accounts	23,890,463			70,465		0.39		21,020,159			59,922		0.38
Certificates and other time deposits	12,832,859			123,546		1.29		12,733,405			111,717		1.17
Foreign office deposits	171,048			257		0.20		121,212			175		0.19
Total interest bearing deposits	44,175,958			203,136		0.61		41,144,759			180,880		0.59
FHLB and other borrowings	5,742,906			67,068		1.56		4,070,692			48,947		1.61
Federal funds purchased and securities sold under agreement to repurchase	832,854			5,534		0.89		885,147			1,384		0.21
Other short-term borrowings	3,973,734			36,668		1.23		27,183			516		2.54
Total interest bearing liabilities	54,725,452			312,406		0.76		46,127,781			231,727		0.67
Noninterest bearing deposits	18,749,621							16,349,912
Other noninterest bearing liabilities	1,890,692							1,509,944
Total liabilities	75,365,765							63,987,637
Shareholder's equity	12,222,970							11,786,754
Total liabilities and shareholder's equity	$	87,588,735						$	75,774,391

Net interest income/ net interest spread				1,565,157		2.56	%				1,529,991		3.00	%
Net yield on earning assets						2.77	%						3.18	%

Total taxable equivalent adjustment				56,279							53,950

Net interest income				$	1,508,878						$	1,476,041
[a] Excludes adjustment for market valuation.

BBVA COMPASS BANCSHARES, INC. (Unaudited) (Dollars in thousands)

	Nine Months								Three Months Ended
	Ended September 30,						%		2015								2014
	2015			2014			Change		September 30		June 30			March 31			December 31		September 30
NONINTEREST INCOME
Service charges on deposit accounts	$	161,891		$	165,886		(2	)	$	54,917	$	53,690		$	53,284		$	56,799	$	57,537
Card and merchant processing fees	83,918			81,459			3		29,024		28,711			26,183			26,432		28,682
Retail investment sales	77,574			83,053			(7	)	26,055		26,373			25,146			25,424		27,645
Investment banking and advisory fees	84,975			63,226			34		17,842		36,799			30,334			24,229		18,750
Asset management fees	24,449			31,959			(23	)	7,918		8,435			8,096			10,813		10,666
Corporate and correspondent investment sales	20,290			22,016			(8	)	6,047		7,984			6,259			7,619		5,388
Mortgage banking income	21,269			18,924			12		554		12,556			8,159			5,627		8,498
Bank owned life insurance	13,527			12,807			6		4,345		4,394			4,788			5,809		4,603
Other	192,473			154,581			25		79,938		55,797			56,738			68,032		54,809
	680,366			633,911			7		226,640		234,739			218,987			230,784		216,578
Investment securities gains, net	66,967			47,608			41		6,736		27,399			32,832			5,434		9,710
Gain (loss) on prepayment of FHLB and other borrowings	(6,118		)	(315		)	NM		—		(3,569		)	(2,549		)	—		143
Total noninterest income	$	741,215		$	681,204		9		$	233,376	$	258,569		$	249,270		$	236,218	$	226,431

NONINTEREST EXPENSE
Salaries, benefits and commissions	$	796,333		$	791,204		1		$	268,362	$	268,709		$	259,262		$	281,065	$	265,334
FDIC indemnification expense	49,669			80,736			(38	)	8,461		12,419			28,789			34,313		18,748
Professional services	152,462			148,652			3		54,784		51,119			46,559			59,027		52,463
Equipment	173,467			165,562			5		58,151		57,175			58,141			58,401		56,355
Net occupancy	119,187			118,514			1		39,525		40,382			39,280			39,865		39,357
Marketing	32,330			30,097			7		10,624		11,618			10,088			5,894		11,587
Communications	16,694			18,605			(10	)	5,682		5,245			5,767			6,003		5,964
Amortization of intangibles	30,083			38,800			(22	)	9,507		9,889			10,687			24,556		12,635
Other	208,380			205,101			2		81,154		63,080			64,146			74,357		70,699
Total noninterest expense	$	1,578,605		$	1,597,271		(1	)	$	536,250	$	519,636		$	522,719		$	583,481	$	533,142
NM = Not meaningful

BBVA COMPASS BANCSHARES, INC. (Unaudited) (Dollars in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
NON-GAAP RECONCILIATION

Computation of Average Tangible Equity:
Total stockholder's equity (average)	$	12,317,150		$	11,917,267		$	12,222,970		11,786,754
Less: Goodwill and other intangibles (average)	5,147,993			5,198,332			5,148,781			5,176,840
Average tangible equity [B]	$	7,169,157		$	6,718,935		$	7,074,189		6,609,914
Net income [A]	$	125,732		$	143,618		$	404,149		366,120
Return on average tangible equity ([A]/[B], annualized)	6.96		%	8.48		%	7.64		%	7.41	%

BBVA COMPASS BANCSHARES, INC SUPPLEMENTAL LOAN PORTFOLIO INFORMATION (Unaudited) (In Thousands)

	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	$	—



	At or Quarter Ended 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	$	—



	At or Quarter Ended September 30, 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	$	12,846	$	3,261	$	838	$	79,577	$	10,444	$	22,403,990	$	22,510,956	$	(414	)
Real estate – construction	526		109		464		9,928		672		1,966,085		1,977,784		(977		)
Commercial real estate – mortgage	7,716		3,129		3,448		92,718		43,023		9,348,527		9,498,561		247
Residential real estate – mortgage	37,711		20,447		2,474		104,192		72,590		13,369,402		13,606,816		3,223
Equity lines of credit	8,046		3,966		3,308		34,115		—		2,210,126		2,259,561		2,221
Equity loans	5,624		2,746		1,068		18,637		42,595		558,377		629,047		1,142
Credit card	5,566		3,718		8,774		—		—		612,942		631,000		7,570
Consumer – direct	7,751		1,678		1,984		402		57		598,108		609,980		4,482
Consumer – indirect	30,348		6,379		1,389		1,596		—		2,665,060		2,704,772		4,553
Covered loans	9,741		4,512		52,449		3,772		2,399		507,883		580,756		704
Total loans	$	125,875	$	49,945	$	76,196	$	344,937	$	171,780	$	54,240,500	$	55,009,233	$	22,751
Loans held for sale	$	—	$	—	$	—	$	—	$	—	$	190,882	$	190,882	$	—

BBVA COMPASS BANCSHARES, INC. BALANCE SHEET (Unaudited) (In Thousands)

	2015									2014
	September 30			June 30			March 31			December 31			September 30
Assets:
Cash and due from banks	$	3,898,257		$	3,353,177		$	3,664,182		$	2,764,345		$	4,643,636
Federal funds sold, securities purchased under agreements to resell and interest bearing deposits	479,207			512,244			300,175			624,060			271,898
Cash and cash equivalents	4,377,464			3,865,421			3,964,357			3,388,405			4,915,534
Trading account assets	4,193,506			4,879,125			3,680,427			2,834,397			515,136
Investment securities available for sale	10,803,660			10,392,484			10,101,828			10,237,275			9,326,413
Investment securities held to maturity	1,357,801			1,375,075			1,373,542			1,348,354			1,417,985
Loans held for sale	634,158			195,616			198,488			154,816			190,882
Loans	60,287,221			60,007,226			58,558,463			57,371,784			55,009,233
Allowance for loan losses	(722,122		)	(721,471		)	(701,864		)	(685,041		)	(695,878		)
Net loans	59,565,099			59,285,755			57,856,599			56,686,743			54,313,355
Premises and equipment, net	1,309,009			1,315,020			1,332,539			1,351,479			1,333,008
Bank owned life insurance	697,023			698,773			694,370			694,335			695,842
Goodwill	5,060,197			5,060,161			5,046,847			5,046,847			5,060,924
Other intangible assets	40,701			50,208			60,097			70,784			82,840
Other real estate owned	23,762			20,188			17,764			20,600			17,058
Other assets	1,297,620			1,332,923			1,148,883			1,318,392			1,323,212
Total assets	$	89,360,000		$	88,470,749		$	85,475,741		$	83,152,427		$	79,192,189
Liabilities:
Deposits:
Noninterest bearing	$	19,060,016		$	19,048,273		$	18,599,702		$	17,169,412		$	16,979,235
Interest bearing	45,432,380			43,451,096			44,300,979			44,020,304			43,291,723
Total deposits	64,492,396			62,499,369			62,900,681			61,189,716			60,270,958
FHLB and other borrowings	6,216,425			6,778,066			4,919,141			4,809,843			4,551,050
Federal funds purchased and securities sold under agreements to repurchase	639,259			623,400			909,683			1,129,503			809,053
Other short-term borrowings	4,167,897			4,982,154			3,377,694			2,545,724			246,835
Accrued expenses and other liabilities	1,463,688			1,360,698			1,206,612			1,474,067			1,387,240
Total liabilities	76,979,665			76,243,687			73,313,811			71,148,853			67,265,136
Shareholder’s Equity:
Common stock — $0.01 par value	2,230			2,230			2,230			2,230			2,230
Surplus	15,246,072			15,245,414			15,278,877			15,285,991			15,333,316
Retained deficit	(2,859,770		)	(2,985,011		)	(3,121,071		)	(3,262,181		)	(3,364,389		)
Accumulated other comprehensive loss	(37,789		)	(64,672		)	(27,654		)	(51,357		)	(73,846		)
Total BBVA Compass Bancshares, Inc. shareholder’s equity	12,350,743			12,197,961			12,132,382			11,974,683			11,897,311
Noncontrolling interests	29,592			29,101			29,548			28,891			29,742
Total shareholder’s equity	12,380,335			12,227,062			12,161,930			12,003,574			11,927,053
Total liabilities and shareholder’s equity	$	89,360,000		$	88,470,749		$	85,475,741		$	83,152,427		$	79,192,189

BBVA COMPASS BANCSHARES, INC. INCOME STATEMENTS (Unaudited) (In Thousands)

	Three Months Ended
	2015								2014
	September 30		June 30			March 31			December 31		September 30
Interest income:
Interest and fees on loans	$	540,517	$	531,394		$	543,842		$	547,309	$	509,766
Interest on investment securities available for sale	46,646		48,204			48,208			45,786		48,363
Interest on investment securities held to maturity	6,953		6,924			6,702			6,860		6,862
Interest on federal funds sold, securities purchased under agreements to resell and interest bearing deposits	1,659		1,362			996			566		47
Interest on trading account assets	14,431		13,832			9,614			5,696		933
Total interest income	610,206		601,716			609,362			606,217		565,971
Interest expense:
Interest on deposits	68,282		65,201			69,653			71,034		66,763
Interest on FHLB and other borrowings	20,422		27,540			19,106			20,010		16,399
Interest on federal funds purchased and securities sold under agreements to repurchase	2,506		1,702			1,326			918		447
Interest on other short-term borrowings	11,129		15,291			10,248			4,802		394
Total interest expense	102,339		109,734			100,333			96,764		84,003
Net interest income	507,867		491,982			509,029			509,453		481,968
Provision for loan losses	29,151		46,149			42,031			19,914		3,869
Net interest income after provision for loan losses	478,716		445,833			466,998			489,539		478,099
Noninterest income:
Service charges on deposit accounts	54,917		53,690			53,284			56,799		57,537
Card and merchant processing fees	29,024		28,711			26,183			26,432		28,682
Retail investment sales	26,055		26,373			25,146			25,424		27,645
Investment banking and advisory fees	17,842		36,799			30,334			24,228		18,750
Asset management fees	7,918		8,435			8,096			10,813		10,666
Corporate and correspondent investment sales	6,047		7,984			6,259			7,619		5,388
Mortgage banking income	554		12,556			8,159			5,627		8,498
Bank owned life insurance	4,345		4,394			4,788			5,809		4,603
Investment securities gains, net	6,736		27,399			32,832			5,434		9,710
Gain (loss) on prepayment of FHLB and other borrowings	—		(3,569		)	(2,549		)	—		143
Other	79,938		55,797			56,738			68,033		54,809
Total noninterest income	233,376		258,569			249,270			236,218		226,431
Noninterest expense:
Salaries, benefits and commissions	268,362		268,709			259,262			281,065		265,334
FDIC indemnification expense	8,461		12,419			28,789			34,313		18,748
Professional services	54,784		51,119			46,559			59,027		52,463
Equipment	58,151		57,175			58,141			58,401		56,355
Net occupancy	39,525		40,382			39,280			39,865		39,357
Marketing	10,624		11,618			10,088			5,894		11,587
Communications	5,682		5,245			5,767			6,003		5,964
Amortization of intangibles	9,507		9,889			10,687			24,556		12,635
Other	81,154		63,080			64,146			74,357		70,699
Total noninterest expense	536,250		519,636			522,719			583,481		533,142
Net income before income tax expense	175,842		184,766			193,549			142,276		171,388
Income tax expense	50,110		48,116			51,782			39,864		27,770
Net income	125,732		136,650			141,767			102,412		143,618
Less: net income attributable to noncontrolling interests	491		590			657			204		815
Net income attributable to shareholder	$	125,241	$	136,060		$	141,110		$	102,208	$	142,803

BBVA USA Bancshares, Inc. - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - October 30, 2015

Attached files

BBVA USA Bancshares, Inc. Reports