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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 669,767 $ 787,767 $ 1,385,243 $ 1,588,255
Interest on debt securities available for sale 18,805 45,125 17,313 98,647
Interest on debt securities held to maturity 39,800 33,313 80,902 62,808
Interest on trading account assets 1,157 601 2,279 1,140
Interest and dividends on other earning assets 14,016 35,823 56,191 58,791
Total interest income 743,545 902,629 1,541,928 1,809,641
Interest expense:        
Interest on deposits 97,279 202,478 262,021 384,832
Interest on FHLB and other borrowings 21,936 34,300 43,112 71,926
Interest on federal funds purchased and securities sold under agreements to repurchase 12,274 6,002 34,932 9,749
Interest on other short-term borrowings 39 100 391 296
Total interest expense 131,528 242,880 340,456 466,803
Net interest income 612,017 659,749 1,201,472 1,342,838
Total provision for credit losses 539,459 155,018 896,450 337,310
Net interest income after provision for credit losses 72,558 504,731 305,022 1,005,528
Noninterest income:        
Mortgage banking 23,868 5,870 41,319 10,807
Corporate and correspondent investment sales 18,855 5,607 29,572 12,499
Bank owned life insurance 5,094 4,803 9,719 9,387
Investment securities gains, net 3,477 0 22,616 8,958
Other 26,358 66,685 99,456 115,863
Total noninterest income 272,354 284,281 606,596 542,041
Noninterest expense:        
Salaries, benefits and commissions 251,697 296,303 561,833 589,019
Professional services 78,100 73,784 148,320 137,680
Equipment 64,752 62,638 129,433 128,032
Net occupancy 41,585 40,116 81,428 81,057
Money transfer expense 17,958 17,290 35,094 32,268
Goodwill impairment 0 0 2,185,000 0
Other 125,358 108,183 247,402 212,231
Total noninterest expense 579,450 598,314 3,388,510 1,180,287
Net (loss) income before income tax expense (234,538) 190,698 (2,476,892) 367,282
Income tax (benefit) expense (110,101) 30,512 (115,170) 66,115
Net (loss) income (124,437) 160,186 (2,361,722) 301,167
Less: net income attributable to noncontrolling interests 472 599 973 1,155
Net (loss) income attributable to BBVA USA Bancshares, Inc. (124,909) 159,587 (2,362,695) 300,012
Less: preferred stock dividends 3,965 4,725 8,120 9,210
Net (loss) income attributable to common shareholder (128,874) 154,862 (2,370,815) 290,802
Service charges on deposit accounts        
Noninterest income:        
Noninterest income 44,233 61,731 105,764 120,639
Card and merchant processing fees        
Noninterest income:        
Noninterest income 43,416 50,355 93,507 96,357
Investment banking and advisory fees        
Noninterest income:        
Noninterest income 45,061 20,758 71,792 39,615
Investment services sales fees        
Noninterest income:        
Noninterest income 24,971 31,333 59,378 58,029
Money transfer income        
Noninterest income:        
Noninterest income 25,461 25,272 50,009 47,253
Asset management fees        
Noninterest income:        
Noninterest income $ 11,560 $ 11,867 $ 23,464 $ 22,634