(Reuters) - Revenue fell 1 percent to $466.3 million, as net interest
income declined 3 percent while noninterest income rose 4
percent. Compass set aside $38.3 million for loan losses, up 40
percent from a year earlier.
Adding Compass will give BBVA, Spain's second-largest bank,
415 new U.S. branches, tripling its U.S. branch base. Many of
Compass' branches are in fast-growing southern states with
large Spanish-speaking populations. The transaction is expected
to close later this year.
Read more at Reuters.com Market News
income declined 3 percent while noninterest income rose 4
percent. Compass set aside $38.3 million for loan losses, up 40
percent from a year earlier.
Adding Compass will give BBVA, Spain's second-largest bank,
415 new U.S. branches, tripling its U.S. branch base. Many of
Compass' branches are in fast-growing southern states with
large Spanish-speaking populations. The transaction is expected
to close later this year.
Read more at Reuters.com Market News
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