Exactly 50 days away from the BBVA Compass Iron City Showdown, Birmingham City Schools (BCS) recognized William J. Christian K-8 students as winners of the BCS Attendance Challenge. The school hosted a pep rally in the gymnasium to inform students of the honor.
27 Jul 2018
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $184 million for the second quarter of 2018, a 17 percent increase from the $157 million earned during the second quarter of 2017. Return on average assets and return on average tangible equity(1) for the second quarter of 2018 were 0.83 percent and 9.05 percent, respectively.
Net income for the first six months of 2018 totaled $393 million, an increase of 41 percent from the $278 million earned during the first six months of 2017. Return on average assets and return on average tangible equity(1) for the first six months of 2018 were 0.90 percent and 9.77 percent, respectively.
06 Jul 2018
After obtaining the pertinent regulatory authorizations, BBVA Group has closed the sale of its 68.19% stake in BBVA Chile and other companies in the country to Scotiabank, for a total of about $2.2 billion. The transaction will yield capital gains of about €640 million and will have a positive impact on BBVA’s fully-loaded CET 1 capital ratio of about 50 basis points.
28 Jun 2018
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), announced today that the Board of Governors of the Federal Reserve System (Federal Reserve) did not object to its capital plan and capital actions proposed in the capital plan. BBVA Compass’ capital plan includes common dividends of $315 million during the covered period, subject to approval by BBVA Compass’ board of directors.
21 Jun 2018
BBVA Compass has announced the appointment of Joe Cartellone as its Director of Mortgage Banking and Home Equity.
12 Jun 2018
The 2018 BBVA Compass Dynamo Charities Cup will benefit the KIPP Opportunity Campus, BBVA Compass and the Dynamo announced this afternoon.
06 Jun 2018
BBVA Compass, the U.S. subsidiary of global financial services group BBVA, announced last Wednesday that Celie Niehaus has been named the bank’s Chief Compliance Officer and a member of its Management Committee.
09 May 2018
The University of Alabama at Birmingham Department of Athletics (UAB), BBVA Compass and Birmingham Legion FC celebrated the stadium expansion of BBVA Compass Field Wednesday on the campus of UAB.
The BBVA Compass Field stadium expansion includes a state-of-the-art 4,000-seat grandstand, along with a permanent concessions stand, bathrooms and ticket office. An additional 40×20 video board will also be added to enhance the fan experience.
04 May 2018
BBVA Compass and the Houston Rockets teamed up on Thursday, May 3, at a press conference held at the Alabama Sports Hall of Fame to announce the date, location and opponent of the BBVA Compass Iron City Showdown.
The preseason game, which was initially announced in August 2017 by Houston Rockets superstar James Harden in front of 800 Parker High School juniors and seniors, is slated for October 2 at 7 p.m. at the Birmingham–Jefferson Convention Complex against the Memphis Grizzlies.
27 Apr 2018
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $209 million for the first quarter of 2018 compared to $52 million in the fourth quarter of 2017 ($173 million(1) adjusted for the impact of the Tax Cuts and Jobs Act) and $121 million earned during the first quarter of 2017. Earnings in the quarter represented a 20 percent increase from adjusted earnings(1) in the fourth quarter and a 73 percent increase from year ago levels. Return on average assets and return on tangible equity(2) for the first quarter of 2018 were 0.96 percent and 10.51 percent, respectively.
05 Apr 2018
BBVA Compass and AEG have officially kicked off the BBVA Music Session concert series, with the first event being held yesterday at the Renaissance Dallas. The concert featured rising country music artist Luke Pell, who crooned in front of 150 die-hard fans and BBVA Compass clients.
27 Mar 2018
SAN DIEGO — BBVA Compass is boosting its greater San Diego commercial banking team with three new relationship managers, San Diego Market President Roger Zucchet announced today, a move that reflects the bank’s strong focus on building its brand in California.
26 Mar 2018
Rewarding, simple and secure. All apt descriptors of the new BBVA Compass Rewards Card, the newest credit card offering from the U.S. subsidiary of the global financial services group BBVA. Available today, the new credit card offers rewards to customers for every purchase they make, with no cap on earnings, and boasts an easy to understand rewards structure that earns 1.5 percent in rewards for every $1 spent across all categories, and the ability to garner 2 percent in rewards with a qualifying bank relationship.
02 Mar 2018
23 Feb 2018
BBVA today launched its new BBVA for Everyone app, available for both iOS and Android operating systems, which enables the blind and those with physical or mild mental disabilities to use the bank’s network of over 6,300 automatic teller machines (ATMs). This new tool will guide those with visual disabilities to the ATM of their choice and help them withdraw cash. BBVA is a pioneer in this type of mobile solutions, which complement the services already available for people with disabilities on the web and corporate apps.
12 Feb 2018
BBVA Compass today announced it will extend and expand its brand ambassador agreement with May 2018 Texas Longhorn graduate and rising country music singer Tyler Dial. The senior at the McCombs School of Business just finished recording the first EP for his second album project, this time recording in Nashville, Tenn. with new industry veterans by his side for production, instrumentation, background vocals and more.
30 Jan 2018
Sir Elton John and David Furnish will host the Elton John AIDS Foundation (EJAF)’s 26th annual Academy Awards Viewing Party on Sunday, March 4, 2018, at West Hollywood Park in Los Angeles. BVLGARI is the gala event’s generous Presenting Sponsor.
11 Jan 2018
BBVA presents Baby Planner, a new functionality within BBVA’s app and website that allows customers and non-customers to understand the expenses associated with having a baby. The monetary expenditure for families with a child under three is 10% higher than for those without, as concluded by estimates from BBVA Research after factoring in other differences between households. This added functionality serves to give new parents the information they need to plan their finances. BBVA Baby Planner also provides the economic effects associated with maternity and paternity-leave and other schemes to offer “work-baby balance.”
10 Jan 2018
In the latest release, the bank added a search engine inside the app so users can fully capitalize on the many features that have won it multiple awards. With the new search, users simply start typing what they would like to do in the search bar, and the app automatically displays a list of applicable functionality from which the user can select. When the client taps on one of the results in the list, the app automatically navigates the client to the exact spot in the app where that functionality is or information is located.
Goodwill Central Texas will open a new hub for financial education as part of the future Goodwill Career and Technical Academy, with funding generously provided by the BBVA Compass Foundation. The BBVA Compass Center for Financial Education will break ground in late 2018.
09 Jan 2018
In December, BBVA Compass published a series of articles that captured its brand promise of “creating opportunities,” honing in on efforts and investments that will positively impact underserved communities throughout the bank’s footprint. The bank also positioned itself as an engine of opportunity for people, highlighting its commitment to helping customers digitally and through an array of financial services.
18 Dec 2017
For half a decade, the BBVA Compass Foundation’s Project Blue Elf campaign has created opportunities for a total of more than 20,000 students across the country during its existence, filling them with holiday joy and handing out toys during a time of giving.
08 Dec 2017
In November, BBVA Compass published a series of articles that underscored its efforts of being an inclusive and digital bank committed to the customers, clients and communities throughout its footprint. Top articles of the month were centered around a recognition for the award-winning BBVA Compass Mobile Banking app; the bank’s recent achievement from the Human Rights Campaign; dinners held for the bank’s Denver clients; and the bank’s new agreement with entertainment presenter, AEG.
05 Dec 2017
BBVA Compass and KIPP Houston Public Schools cut the ribbon Monday on the charter school system’s newest campus: the BBVA Compass Opportunity Campus, home of KIPP NEXUS Primary School and KIPP NEXUS Middle School in Northwest Houston. The campus, which welcomed its inaugural classes in the fall, is the first KIPP campus nationwide to share its name with a corporate investor.
04 Dec 2017
BBVA has appointed María Abascal as Global Director of Institutional Relations. Abascal brings to the post more than 15 years of experience in the analysis of economic, financial, regulatory and institutional affairs in the public and private sector. Prior to her new appointment, since June 2010 she had been BBVA Research’s Chief Economist for Regulation and Public Policies.
30 Nov 2017
The Banker magazine has selected BBVA Bancomer and Garanti Bank as the best banks in Mexico and Turkey, respectively, as part of its 2017 Bank of the Year awards. The magazine, a member of the Financial Times group, noted the strength of both banks and underscored their commitment to digital transformation.
29 Nov 2017
BBVA today announced an agreement with a subsidiary of Cerberus Capital Management, L.P. (Cerberus) to create a joint venture (JV) for its real estate business in Spain, reducing almost entirely its exposure to non core real estate assets. On the closing of the operation, BBVA will sell an 80% stake in the JV to Cerberus for about €4 billion. The transaction marks a milestone in BBVA Group’s strategy.
21 Nov 2017
BBVA customers in Spain now have access to a new feature that completely simplifies mobile-to-mobile money transfers. The transfers are totally secure and do not require customers to use BBVA’s mobile banking app. Both Android and iOS users can send money through BBVA’s “chatbots” on instant messaging apps like Facebook Messenger and Telegram. And those using the iOS operating system (iPhone) will also be able to do so with the voice assistant, Siri. All this has been made possible thanks to an evolution of the Bizum system, which enables users to send money between cell phones with the apps of the major Spanish banks.
17 Nov 2017
Positive market conditions and investor appetite have helped BBVA to get an excellent reception for its sixth issue of CoCos. The Group has issued a $1 billion bond, with the lowest coupon in dollars for an issuer from southern Europe (6.125%), and the longest maturity (perpetual, with a ‘call’ option starting in the tenth year). Registration of a prospectus with the U.S. Securities and Exchange Commission (SEC) has prompted a bigger participation from American, European and Asian investors.
16 Nov 2017
Samsung and BBVA today presented the iris scanning feature, which will allow BBVA customers with Samsung-compatible smartphones to log on to the bank’s Spanish mobile banking app just by looking at their displays.
13 Nov 2017
BBVA Compass today announced that Manolo Sánchez is retiring as non-executive chairman of the board of directors of BBVA Compass and its holding company, BBVA Compass Bancshares, Inc. Terry Strange, longtime member of the board and the current chairman of the Audit and Compliance Committee, will step into the role of non-executive chairman effective Nov. 15.
09 Nov 2017
Last month, BBVA Compass showcased its digital prowess with headline stories about BBVA Open Talent, its 2017 online banking award from Javelin Strategy & Research, and Tuyyo, BBVA’s new money transfer mobile app. The bank also published articles that highlighted it as an engine of opportunity for its employees and the communities throughout its footprint. The bank wrapped up its month of stories on Oct. 27, releasing its third quarter earnings.
03 Nov 2017
27 Oct 2017
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $130 million for the third quarter of 2017, an 8 percent increase from the $120 million earned during the third quarter of 2016. Included in third quarter 2017 results is approximately $60 million (pre-tax) of provision expense related to Hurricanes Harvey and Irma. Return on average assets and return on average tangible equity(1) for the third quarter of 2017 were 0.59 percent and 6.40 percent, respectively.
- Operating income: Recurring revenues continued their upward trend, growing 4.2% between January and September. This, together with cost containment efforts (expenses dropped 1.7% in the year to September), drove operating income to a record €9.52 billion
- Risks: The NPL ratio continued to improve, reaching 4.5% in September (vs. 4.8% in June), the lowest level in the past five years. Coverage increased to 72%
- Capital: The fully-loaded CET1 ratio rose to 11.2% in September, reflecting a capital generation of 30 basis points in the first nine months of the year
- Transformation: The digital customer base grew 24% y-o-y to 21.1 million in September. Of these, the number of customers banking with their smartphones surged 43% to 15.8 million
12 Oct 2017
BBVA Compass was recognized as a leader in Financial Fitness from Javelin Strategy & Research in its 2017 Online Banking Scorecard, with independent research firm spotlighting the bank for providing a notable online banking experience that guides customers on a financial journey.
Javelin Strategy & Research’s competitive analysis of the nation’s top 28 financial institutions examines more than 225 online banking features in six critical areas of banking success: ease of use, security empowerment, financial fitness, money movement, customer service, and account opening.
The ‘Leader’ in Financial Fitness recognition was given to just 3 financial institutions out of 28 measured that Javelin found to be proactive and vigilant financial advisers that demonstrate that they:
- Have financial oversight and guidance anchored by the ability for customers to conveniently view balances and transactions for all of their accounts in a single view.
- Give consumers alerts that help them stay on top of their finances.
- Serve up personalized content and insights to help them understand and manage their money better.
- Have online banking services that boast the tools and advice that help customers save for specific goals.
11 Oct 2017
BBVA Compass has closed a $5 million equity investment in Pathway Lending, becoming the largest investor in Alabama’s effort to build up small businesses in the state’s Appalachian region. Pathway Lending, a Community Development Financial Institution certified by the U.S. Department of Treasury, will operate the state’s new loan fund for small businesses in the 37 counties of Appalachian Alabama.
04 Oct 2017
BBVA’s Group Executive Chairman said that developing the best banking application in the world (according to Forrester) has been a work that “has taken many years.” To get to this point, Francisco González underscored that “the most important thing was when we adopted ‘agile’ work methodologies that allow us to deliver upgrades every three months.” The application helps customers make better financial decisions and manage their financial lives better. Ultimately, he stated, we “want to be the best adviser of our customers.”
29 Sep 2017
BBVA Compass has appointed its former Chief Fiduciary Officer Donette Stubblefield as its new Houston Market Global Wealth Executive, where she will lead all Global Wealth operations in the market.
BBVA signs an agreement with the technology company to transform the Group’s data processing systems, which will accelerate its technology strategy
27 Sep 2017
BBVA has crowned DOV-E as its winner in the BBVA Open Talent Global Trends fintech competition, winning €30,000 and a spot at the BBVA Open Summit and Immersion Week in October at the BBVA Group headquarters in Madrid.
DOV-E, based in Israel, provides wireless connectivity using audio technology between any consumer’s mobile device and any merchant platform. It won the award after beating strong competition from hundreds of other entries from across the world.
22 Sep 2017
BBVA Compass is today announcing that some of its branches in Houston and Dallas will serve as offer day pick-up locations for Amazon’s Treasure Truck.
The news comes seven months after BBVA Compass announced a collaboration with Amazon to pilot its Locker program at 11 Austin, Texas-area branches, the first time the program was made available at a bank location. Today’s announcement also marks the first time a bank in the Southeast has been chosen as a location to host the Treasure Truck.
08 Sep 2017
Branches in Southeast and Central Alabama including Dothan, Eufaula, Montgomery and Auburn/Opelika closed at 12:30pm today, Monday, September 11, due to inclement weather from Tropical Storm Irma.
The Branch Status page will have updated branch closings and hours information as they become available: https://www.bbvacompass.com/go/statusfl.html
If you need assistance, call us at 1-800-COMPASS or use the BBVA Compass Mobile Banking app and BBVA Wallet. You can manage your accounts, make transfers, pay bills, deposit checks, view balances and more: https://www.bbvacompass.com/digital-banking-services/mobile-banking.html
30 Aug 2017
BBVA has issued €1.5 billion at 5 years, at fixed interest. It is its first issue of senior non-preferred debt, a new category of liability with the capacity to absorb losses, that allows financial institutions in the European Union to comply with MREL requirements. The issue has been a success, with demand of around €5 billion, allowing it to close with the lowest price in Europe at this maturity, 70 basis points above the mid-swap rate, and a coupon of 0.75%.
29 Aug 2017
BBVA Compass announced Tuesday that it will offer payment-deferral programs for flood victims in Texas as well as a robust suite of discounted loans and lines of credit to help the families and businesses affected by Hurricane Harvey rebuild their lives.
BBVA Compass is making the limited-time offers — among them special loan and payment deferral programs, waived late fees and penalty-free CD withdrawals — available to consumer and small business clients in the 58 counties declared a state of disaster by Texas Gov. Greg Abbott. For the time being, it also is waiving all ATM fees in those areas: Its own customers will pay no fees to BBVA Compass if they use non-BBVA Compass ATMs, and non-customers will be able to use BBVA Compass ATMs at no charge from BBVA Compass.
28 Aug 2017
BBVA Compass, whose holding company is headquartered in Houston and which has a significant presence in the city, announced today that its foundation will donate $250,000 to the American Red Cross and the Hurricane Harvey Relief Fund to aid disaster recovery efforts in Texas. The bank also plans to raise, online and at its branches, up to $250,000 in employee and customer contributions to the two organizations for a total contribution of up to $500,000.
Because safety is our top priority, some BBVA Compass branches in South Texas remain closed at this time.
For the most up-to-date information on open branches and hours, please refer to this page:
If you need additional assistance, please call 1-800-COMPASS or use the BBVA Compass Mobile Banking app and BBVA Wallet.
28 Jul 2017
Türkiye Garanti Bankası A.Ş., announced its financial statements dated June 30, 2017. With an asset size of TL 335 billion 942 million 185 thousand, Garanti’s contribution to the economy through cash and non-cash lending reached TL 272 billion 980 million 362 thousand, based on the consolidated financials. The Bank posted a net income of TL 3 billion 100 million 273 thousand in the first six months of 2017. The Bank delivered an ROAE (Return on Average Equity) of 18.1% and an ROAA (Return on Average Assets) of 2.1%.
27 Jul 2017
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today record net income of $157 million for the second quarter of 2017, a 29 percent increase from the $123 million earned during the second quarter of 2016 and a 30 percent increase from the $121 million earned during the first quarter of 2017. Return on average assets and return on average tangible equity(1) for the second quarter of 2017 were 0.72 percent and 7.93 percent, respectively.
30 Jun 2017
The role the European Central Bank played during the crisis was fundamental to the European economy getting off the ground, according to José Manuel González-Páramo. He experienced part of this process firsthand as a member of the ECB Executive Board and Governing Council from 2004 to 2012. He is currently BBVA’s Executive Director.