This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BBVA Compass Announces Federal Reserve Response To 2014 CCAR Capital Plan

HOUSTON, March 26, 2014 /PRNewswire/ -- BBVA Compass Bancshares, Inc. announced today that the Board of Governors of the Federal Reserve System (Federal Reserve) accepted its capital plan and did not object to the proposed capital actions, which included a semi-annual common dividend of approximately $51 million beginning in the second quarter of 2014. The common dividends are subject to approval by BBVA Compass' board of directors.

"Acceptance of our capital plan is further evidence of our strong capital base, sound risk profile and ability to generate retained earnings sufficient to support ongoing business opportunities and balance sheet growth," said Manolo Sanchez, chairman and CEO of BBVA Compass. "We firmly believe our capital management plan is prudent given our current economic outlook and capital position."

BBVA Compass submitted its capital plan, approved by its board of directors, to the Federal Reserve in January 2014 as part of the Comprehensive Capital Analysis and Review (CCAR) of the 30 largest U.S. bank holding companies. The capital plan includes proposed potential capital actions covering the period from April 1, 2014, through March 31, 2015.

On March 20, the Federal Reserve disclosed the results of its 2014 Dodd-Frank Act Stress Test (DFAST) for those same 30 companies. Under the hypothetical supervisory severely adverse scenario, BBVA Compass reported a minimum Tier 1 common capital ratio of 8.5 percent, well above the minimum 5 percent threshold and above the 7.6 percent average for the 30 bank holding companies. Additional information pertaining to BBVA Compass' DFAST and CCAR results can be found on its website at under the Investor Relations tab.

About BBVA Group BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., 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 best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at .

About BBVA Compass BBVA Compass Bancshares, Inc. is a Sunbelt-based bank holding company whose lead subsidiary, BBVA Compass, operates 685 branches, including 350 in Texas, 90 in Alabama, 78 in Arizona, 64 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 (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs