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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 644,643 $ 771,245 $ 2,029,886 $ 2,359,500
Interest on debt securities available for sale 19,474 36,051 36,787 134,698
Interest on debt securities held to maturity 49,981 38,893 130,883 101,701
Interest on trading account assets 892 487 3,171 1,627
Interest and dividends on other earning assets 6,436 46,528 62,627 105,319
Total interest income 721,426 893,204 2,263,354 2,702,845
Interest expense:        
Interest on deposits 61,147 203,979 323,168 588,811
Interest on FHLB and other borrowings 14,644 32,975 57,756 104,901
Interest on federal funds purchased and securities sold under agreements to repurchase 3,736 15,137 38,668 24,886
Interest on other short-term borrowings 49 72 440 368
Total interest expense 79,576 252,163 420,032 718,966
Net interest income 641,850 641,041 1,843,322 1,983,879
Total provision for credit losses 150,977 140,629 1,047,427 477,939
Net interest income after provision for credit losses 490,873 500,412 795,895 1,505,940
Noninterest income:        
Mortgage banking 13,741 8,204 55,060 19,011
Corporate and correspondent investment sales 3,478 11,799 33,050 24,298
Bank owned life insurance 4,972 3,508 14,691 12,895
Investment securities gains, net 0 21,003 22,616 29,961
Other 53,767 66,241 153,223 182,104
Total noninterest income 284,660 321,319 891,256 863,360
Noninterest expense:        
Salaries, benefits and commissions 296,708 295,092 858,541 884,111
Professional services 78,018 72,903 226,338 210,583
Equipment 68,793 63,908 198,226 191,940
Net occupancy 41,145 42,241 122,573 123,298
Money transfer expense 18,897 18,005 53,991 50,273
Goodwill impairment 0 0 2,185,000 0
Other 92,067 106,738 339,469 318,969
Total noninterest expense 595,628 598,887 3,984,138 1,779,174
Net income (loss) before income tax (benefit) expense 179,905 222,844 (2,296,987) 590,126
Income tax expense (benefit) 13,664 39,899 (101,506) 106,014
Net income (loss) 166,241 182,945 (2,195,481) 484,112
Less: net income attributable to noncontrolling interests 401 514 1,374 1,669
Net income (loss) attributable to BBVA USA Bancshares, Inc. 165,840 182,431 (2,196,855) 482,443
Less: preferred stock dividends 3,286 4,561 11,406 13,771
Net income (loss) attributable to common shareholder 162,554 177,870 (2,208,261) 468,672
Service charges on deposit accounts        
Noninterest income:        
Noninterest income 54,710 65,143 160,474 185,782
Card and merchant processing fees        
Noninterest income:        
Noninterest income 48,628 50,385 142,135 146,742
Investment banking and advisory fees        
Noninterest income:        
Noninterest income 40,013 28,324 111,805 67,939
Investment services sales fees        
Noninterest income:        
Noninterest income 26,218 29,287 85,596 87,316
Money transfer income        
Noninterest income:        
Noninterest income 27,109 26,020 77,118 73,273
Asset management fees        
Noninterest income:        
Noninterest income $ 12,024 $ 11,405 $ 35,488 $ 34,039