HOUSTON: BBVA Compass Bancshares, Inc. reported net income attributable to shareholder of $467 million for the full-year of 2014, a 12 percent increase compared to $418 million earned for the full-year of 2013.
BBVA Compass Bancshares is a Sunbelt-based bank holding company. Return on average assets and return on average tangible equity1 for the twelve months of 2014 were 0.60 percent and 7.03 percent, respectively.
Net income attributable to shareholder for the fourth quarter of 2014 was $102 million, a 49 percent increase from the $69 million earned during the fourth quarter of 2013. Return on average assets and return on average tangible equity1 for the fourth quarter of 2014 were 0.49 percent and 5.97 percent, respectively.
Manolo Sánchez, chairman and CEO of BBVA Compass, said, “BBVA Compass delivered outstanding financial results in 2014 despite the prolonged low-interest rate environment, which continues to impede revenue growth across our industry. We delivered robust balance sheet growth with double-digit increases in both total loans and total deposits. We funded a record $17.7 billion of new customer loans, with strong commercial demand driving loan growth. What’s more, our focus on deposits met with continued success as total deposits increased $6.8 billion during the year, led by a 16 percent increase in interest bearing transaction accounts.”
