August 28, 2014 12:04 PM ET

Banks

Company Overview of BBVA Compass Bancshares, Inc.

Company Overview

BBVA Compass Bancshares, Inc. provides commercial banking services in the United States. It offers personal banking products that include checking accounts, sports fan banking, check and prepaid cards, direct deposit services, and overdraft payment and protection programs; mortgage services; online, mobile, and ATM banking services; small business banking solutions that include healthcare financial solutions, attorney/CPA financial solutions, professional financial solutions, retailer financial solutions, and business class preferred programs; business checking and savings accounts, and CDs; and commercial real estate lending services, SBA loans, business credit cards, business lines of cred...

2200 Post Oak Boulevard

Houston, TX 77056

United States

Founded in 1970

8,400 Employees

Phone:

205-297-3000

Key Executives for BBVA Compass Bancshares, Inc.

Chief Executive Officer
Chief Financial Officer
Executive Vice President of IT and Operations
Market President of Loan Production Office In Columbus for BBVA Compass
President of Colorado Spring
Compensation as of Fiscal Year 2014.

BBVA Compass Bancshares, Inc. Key Developments

BBVA Compass Bancshares, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

BBVA Compass Bancshares, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. Net income attributable to shareholder for the second quarter of 2014 was $107.1 million compared to $128.2 million for the second quarter of 2013. For the quarter, net interest income was $498.8 million and pretax income was $143.7 million against net interest income of $510.3 million and pretax income of $180.4 million a year ago. Return on average assets was 0.57% against 0.74% a year ago. Return on average tangible equity was 6.52% against 8.32% a year ago. Total revenue was $712.8 million against $718.4 million last year. The company reported net income attributable to shareholder of $221.5 million for the first six months of 2014 compared to $238.4 million for the first six months of 2013. Return on average assets and return on average tangible equity for the first half of 2014 were 0.60% and 6.85%, respectively against 0.69% and 7.91% respectively. For the six months, net interest income was $994.1 million and pretax income was $302.2 million against net interest income of $1,033.3 million and pretax income of $343.4 million a year ago. Total revenue was $1,411.4 million against $1,432.8 million last year. The company reported net charge-offs of $38.2 million for the second quarter of 2014 against $86.7 million a year ago.

BBVA Compass Bank Announces Executive Changes

Shawn Thompson has been named president of BBVA Compass Bank's Colorado Springs operations, replacing Steve Self, who retired. Thompson spent the past eight years with BBVA Compass, most recently as senior vice president in its commercial banking operations. His nearly 18-year career also includes vice president posts with both American National Bank, now ANB Bank, and Peoples National Bank, now Peoples Bank.

BBVA Compass Promotes Shawn J. Thompson to City President in Colorado Spring, Colo

BBVA Compass promoted Shawn J. Thompson to city president in Colorado Spring, Colo. Thompson has spent the last eight years with BBVA Compass, helping the bank deliver innovative banking solutions. Thompson has nearly 18 years of experience, most recently served as senior vice president within the bank's Commercial line of business and replaces Steve Self, who retired. He has served as an executive for a handful of banks in Colorado focused on commercial real estate, construction, health care and other commercial business.

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