XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 715,476 $ 800,488
Interest on debt securities available for sale (1,492) 53,522
Interest on debt securities held to maturity 41,102 29,495
Interest on trading account assets 1,122 539
Interest and dividends on other earning assets 42,175 22,968
Total interest income 798,383 907,012
Interest expense:    
Interest on deposits 164,742 182,354
Interest on FHLB and other borrowings 21,176 37,626
Interest on federal funds purchased and securities sold under agreements to repurchase 22,658 3,747
Interest on other short-term borrowings 352 196
Total interest expense 208,928 223,923
Net interest income 589,455 683,089
Total provision for credit losses 356,991 182,292
Net interest income after provision for credit losses 232,464 500,797
Noninterest income:    
Mortgage banking 17,451 4,937
Corporate and correspondent investment sales 10,717 6,892
Bank owned life insurance 4,625 4,584
Investment securities gains, net 19,139 8,958
Other 73,098 49,178
Total noninterest income 334,242 257,760
Noninterest expense:    
Salaries, benefits and commissions 310,136 292,716
Professional services 70,220 63,896
Equipment 64,681 65,394
Net occupancy 39,843 40,941
Money transfer expense 17,136 14,978
Goodwill impairment 2,185,000 0
Other 122,044 104,048
Total noninterest expense 2,809,060 581,973
Net (loss) income before income tax expense (2,242,354) 176,584
Income tax (benefit) expense (5,069) 35,603
Net (loss) income (2,237,285) 140,981
Less: net income attributable to noncontrolling interests 501 556
Net (loss) income attributable to BBVA USA Bancshares, Inc. (2,237,786) 140,425
Less: preferred stock dividends 4,155 4,485
Net (loss) income attributable to common shareholder (2,241,941) 135,940
Service charges on deposit accounts    
Noninterest income:    
Noninterest income 61,531 58,908
Card and merchant processing fees    
Noninterest income:    
Noninterest income 50,091 46,002
Investment services sales fees    
Noninterest income:    
Noninterest income 34,407 26,696
Money transfer income    
Noninterest income:    
Noninterest income 24,548 21,981
Investment banking and advisory fees    
Noninterest income:    
Noninterest income 26,731 18,857
Asset management fees    
Noninterest income:    
Noninterest income $ 11,904 $ 10,767