BBVA Compass reports net income of $372 million for the full-year of 2016

Total revenue increased 5 percent from the prior year as both net interest income and noninterest income posted solid gains. Net interest income totaled $532 million in the quarter, an increase of 5 percent from prior year levels. The percent net interest margin in the fourth quarter of 2016 was 2.78 percent, up 22 basis points from a year ago and 5 basis points from third quarter 2016 levels. This improvement reflected the company's focus on targeted loan growth and disciplined spread management, as well as the positive impact from the increase in interest rates. The company continues to maintain a balance sheet that is asset sensitive, and thus is well-positioned for further interest rate increases should they materialize.

Noninterest income for the quarter totaled $261 million, an increase of 5 percent compared to $249 million recorded in the fourth quarter of 2015. Growth in mortgage banking income, money transfer income, and card and merchant processing more than offset softness in some of our market sensitive businesses. Expense growth was also well-contained in the quarter with noninterest expense totaling $554 million, down 1 percent compared to the year ago quarter. For the full-year, total expenses increased 2 percent, reflecting the company's focus on expense management.

"Average total loans for the year were $61.5 billion, an increase of 2 percent," Genç noted. "While year-over-year growth was muffled by strategic loan sales, in 2016 we funded more than $14.5 billion in customer loans. At the same time, deposit generation remained strong and continued to fully fund our earning asset growth. Average deposits totaled $67.9 billion, an increase of $4.4 billion or 7 percent. Growth in this portfolio was led by an 8 percent increase in average noninterest bearing deposits which now represent 30.2 percent of total deposits."

"BBVA Compass is committed to maintaining sound underwriting standards, a strong risk profile and reserve levels that adequately reflect the make-up of our loan portfolio and economic conditions," Genç said. Provision expense for the year totaled $303 million and exceeded net charge-offs by $76 million. Net charge-offs as a percentage of average total loans were 40 basis points in the fourth quarter and 37 basis points for the full-year of 2016. The allowance for loan losses as a percentage of total loans ended the year at 1.40 percent, up from 1.24 at the end of 2015. Nonperforming loans as a percentage of total loans declined from 1.91 percent at the end of the third quarter to 1.63 percent, primarily reflecting activity within our energy portfolio. 

Energy loans totaled $3.2 billion at the end of the quarter, down $76 million compared to third quarter 2016 levels and $905 million compared to first quarter 2016 levels when the portfolio reached its peak. The energy portfolio now represents 5.4 percent of total loans compared to 5.5 percent at the end of the third quarter of 2016 and 6.7 percent at the end of the first quarter of 2016. During the fourth quarter, nonaccrual loans in the energy portfolio declined by 34 percent from third quarter 2016 levels. This improvement reflects the company's ongoing actions to actively manage this portfolio, as well as an improvement in economic conditions in this sector.

Total shareholder's equity ended the fourth quarter of 2016 at $12.8 billion, a 1 percent increase from $12.6 billion at the end of the fourth quarter of 2015. "Maintaining a strong capital position while optimizing the use of our capital base is an essential part of our strategic plan," said Genç. "Each of the company's regulatory capital ratios remain significantly above 'well-capitalized' guidelines and our total capital ratio ended the quarter at 14.31 percent¹ while the CET1 ratio rose to 11.49 percent¹ from 10.70 percent¹ at the end of 2015."

^{__________________________
1} Regulatory capital ratios at December 31, 2016, are estimated

² Average tangible equity is a non-GAAP financial measure that we believe aids in understanding certain areas of our performance. The calculation of this measure is included on the page titled Non-GAAP Reconciliation.

About BBVA Compass
BBVA Compass Bancshares, Inc. is a Sunbelt-based bank holding company whose principal subsidiary, BBVA Compass, operates 672 branches, including 344 in Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 19 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 was recently named Best Digital Bank in North America by global finance magazine Euromoney and the best regional bank in the South and West, as well as earning best mobile app, in Money magazine's 2015-2016 list of the Best Bank's in America. Additional information about BBVA Compass can be found under the Investor Relations tab at bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com. 

About BBVA Group
BBVA Compass Bancshares, Inc. is a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group is the largest financial institution in Spain and Mexico, and has leading franchises in South America and the Sunbelt region of the United States. It also is the leading shareholder in Garanti, Turkey's largest bank based on market capitalization. Its diversified business is focused on 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 the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at bbva.com.

On April 6, 2016, BBVA filed its annual report on Form 20-F for the year ended December 31, 2015, with the Securities and Exchange Commission. A copy can be accessed on the BBVA website at http://shareholdersandinvestors.bbva.com/TLBB/tlbb/bbvair/ing/share/adrs/index.jsp. Holders of BBVA's American Depositary Receipts (ADRs) may request a hard copy of the Form 20-F for the year ended December 31, 2015, including its complete audited financial statements, free of charge. To request a copy, contact Ed Bilek at ed.bilek@bbva.com.

Forward-Looking Statements 
Certain statements in this press release may contain forward-looking statements about BBVA Compass Bancshares, Inc. (the "Company") and its industry that involve substantial risks and uncertainties. The use of "we," "our" and similar terms refer to the Company. Statements other than statements of current or historical fact, including statements regarding our future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect the Company's views regarding future events and financial performance. Such statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond the Company's control, that could cause actual results to differ materially from anticipated results. If the Company's assumptions and estimates are incorrect, or if the Company becomes subject to significant limitations as the result of litigation or regulatory action, then the Company's actual results could vary materially from those expressed or implied in these forward-looking statements. The forward-looking statements are and will be based on the Company's then current views and assumptions regarding future events and speak only as of their dates made. The Company assumes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by securities law or regulation. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on March 2, 2016, as updated by our subsequent SEC filings.

BBVA COMPASS BANCSHARES, INC.
(Unaudited)
(Dollars in thousands)
		Three Months Ended   December 31,				%		Years ended December 31,				%
		2016		2015 [d]		Change		2016		2015 [d]		Change
EARNINGS SUMMARY
Net interest income		$     531,752		$     504,089		5		$  2,067,681		$  2,012,977		3
Noninterest income [a]		261,053		249,407		5		1,026,232		1,005,734		2
Total revenue [a]		792,805		753,496		5		3,093,913		3,018,711		2
Investment securities gain (loss), net		-		14,689		(100)		30,037		81,656		(63)
Loss on prepayment of FHLB advances		(295)		(1,898)		(84)		(295)		(8,016)		(96)
Provision for loan losses		37,564		76,307		(51)		302,589		193,638		56
Goodwill impairment		59,901		17,000		252		59,901		17,000		252
Noninterest expense		554,169		561,695		(1)		2,243,621		2,197,853		2
Pretax income		140,876		111,285		27		517,544		683,860		(24)
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