Finance
Finance
BBVA Compass Bancshares, Inc., (BBVA Compass), reported today net income of $52 million for the fourth quarter of 2017, a 42 percent decrease from the $89 million earned during the fourth quarter of 2016. Included in fourth quarter 2017 results is income tax expense of approximately $121 million related to the revaluation of net deferred tax assets at the lower statutory tax rate mandated by the Tax Cuts and Jobs Act (non-cash charge). Excluding the impact of this item, adjusted net income(1) for the quarter was $173 million, a 33 percent increase from third quarter 2017 and a 94 percent increase from the fourth quarter 2016.
Net income for full-year 2017 totaled $461 million, an increase of 24 percent from the $372 million earned during the full-year of 2016. Excluding the impact of the non-cash charge, adjusted net income for the full-year 2017 was $582 million, up 57 percent.
In 2017, the BBVA Group generated a net attributable profit of €3.52 billion (+1.3%). Without taking into account the impairment losses from Telefónica, net profit for 2017 stood at €4.64 billion, up 19.7% compared to 2016 results, excluding the provisions related to ‘floor clauses’ in Spain. Record revenue and cost containment efforts in operating expenses were the main drivers of this result.
These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated at the end 2017.
Financial and commercial services
Small business profile: Dermatologists provide protection in the Valley of the Sun
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Iberdrola has signed two new sustainable syndicated loans for a total of 5.3 billion euros, the largest ever signed globally. BBVA has led these transactions by acting as a sustainable agent.
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According to a recent Bankrate.com survey, just four in ten people indicated they were able to cover an unexpected $1,000 expense without going into debt to do so.
For these people, a savings plan is the obvious answer, but for the many Americans living paycheck-to-paycheck, even the smallest savings can feel out of reach. But it doesn’t have to be that way. Below are five tips to help you get started saving today.
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The week of the publication of fourth quarter 2017 results (4Q17) begins and as it does, we remember the five keys to understanding a bank´s results. The following infographic shows how to interpret the most important figures.