BBVA USA (merged into PNC Bank)

FDIC-insured bank with its head office in Birmingham, Alabama, established in 1964 according to the FDIC.
Merged. BBVA USA merged into PNC Bank on (FDIC: merger -without assistance). Its data ends with the Call Report for ; figures on this page are from that report or earlier.

BBVA USA reported total assets of $87.2 bn at Q3 2021, its last Call Report before it merged into PNC Bank. The CET1 capital ratio at BBVA USA was 15.53%, and the uninsured share of BBVA USA was 47.05%. Source: FDIC Call Reports.

Total assets
$87.2 bn
A year earlier (Q3 2020): $102.0 bn
CET1 capital ratio
15.53%
A year earlier (Q3 2020): 11.77%
Return on equity
-5.15%
A year earlier (Q3 2020): -27.81%
Uninsured share of deposits
47.05%
A year earlier (Q3 2020): 50.54%

What sets BBVA USA apart

Nothing in the latest data sets BBVA USA apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is BBVA USA?

The balance sheet of BBVA USA at : assets $87.2 bn, deposits $73.1 bn, net loans $54.2 bn (loans equal to 74.18% of deposits). Securities make up 18.8% of total assets at BBVA USA. Since , when BBVA USA held $87.6 bn, its assets shrank 0.5%. In the year to , deposits at BBVA USA fell 15.7% while its total assets fell 14.5%. At , BBVA USA employed 8,203 full-time equivalent staff across 645 offices, about $10.6 mn of assets per employee and $113.3 mn of deposits per office.

How much funding at BBVA USA is uninsured?

At BBVA USA, uninsured deposits (above the FDIC limit) made up 47.05% of domestic deposits at (-3.49 pp on a year earlier). In dollars, BBVA USA estimated $34.4 bn of uninsured deposits.

Key facts, Q3 2021

MetricValueA year earlierUS rank
Total deposits$73.1 bn$86.7 bn (Q3 2020)
Net loans and leases$54.2 bn$64.6 bn (Q3 2020)
Loan-to-deposit ratio74.18%74.57% (Q3 2020)
Tier 1 leverage ratio9.89%8.09% (Q3 2020)
Total risk-based capital ratio17.40%13.95% (Q3 2020)
Net interest margin1.14%2.78% (Q3 2020)
Return on assets (ROA)-0.56%-3.11% (Q3 2020)
Efficiency ratio60.79%65.91% (Q3 2020)
Unrealized gain/loss on available-for-sale securitiesLoss of $65.0 mnTurned from a gain into a loss
Noncurrent loans to total loans1.67%2.00% (Q3 2020)
Net charge-offs to average loans0.63%0.67% (Q3 2020)

US rank of BBVA USA: 1 = highest unless marked 1 = lowest.

Balance sheet

BBVA USA: assets, deposits and loans

USD bn
Total assets, deposits and net loans of BBVA USA each quarter; total assets were $87.2 bn at Q3 2021$51.3bn$64.7bn$78.1bn$91.5bn$105bn20172018201920202021Total assets$87.2bnDeposits$73.1bnNet loans$54.2bnTotal assets, deposits and net loans of BBVA USA each quarter; total assets were $87.2 bn at Q3 2021$51.3bn$69.2bn$87.0bn$105bn20182020
  • Total assets $87.2bn
  • Deposits $73.1bn
  • Net loans $54.2bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of BBVA USA stood at 15.53% in , +3.76 pp year on year. Low and high at BBVA USA since : 10.34% () to 15.53% (). Equity capital of BBVA USA at : $10.4 bn, or 11.9% of total assets. BBVA USA also reported a total capital ratio of 17.40% for , and a tier 1 leverage ratio of 9.89%.

The available-for-sale portfolio of BBVA USA showed an unrealized loss of $65.0 mn at ; the loss turned from a gain into a loss over the year.

BBVA USA: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of BBVA USA, Q1 2016 to Q3 20217.5%10%13%15%18%20172018201920202021Total capital17%CET116%Tier 1 leverage9.9%CET1, total risk-based capital and tier 1 leverage ratios of BBVA USA, Q1 2016 to Q3 20217.5%11%14%18%20182020
  • Total capital 17%
  • CET1 16%
  • Tier 1 leverage 9.9%
to . FDIC Call Reports.

BBVA USA: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of BBVA USA, Q1 2016 to Q3 2021-$374mn-$173mn$29mn$231mn$432mn20172018201920202021Held to maturity$0Available for sale-$65mnUnrealized gains and losses on available-for-sale and held-to-maturity securities of BBVA USA, Q1 2016 to Q3 2021-$374mn-$105mn$164mn$432mn20182020
  • Available for sale -$65mn
  • Held to maturity $0
to . FDIC Call Reports.

Profitability and loan quality

For the year to , BBVA USA earned a return on equity of -5.15%; return on assets: -0.56%. Net interest margin at BBVA USA: 1.14%, -1.64 pp in a year. BBVA USA net income: -$407.0 mn, down 82.0% year on year. The efficiency ratio of BBVA USA was 60.79%: about 61 cents cost per revenue dollar, against 61 cents at the median peer.

At , noncurrent loans were 1.67% of total loans at BBVA USA; net charge-offs: 0.63% of average loans. Gross loans and leases at BBVA USA: $55.7 bn at , against $66.4 bn at .

BBVA USA: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of BBVA USA, Q1 2016 to Q3 2021-85%-59%-33%-7.2%19%20172018201920202021Net interest margin1.1%Return on assets-0.6%Return on equity-5.2%Return on equity, net interest margin and return on assets of BBVA USA, Q1 2016 to Q3 2021-85%-51%-16%19%20182020
  • Return on equity -5.2%
  • Net interest margin 1.1%
  • Return on assets -0.6%
to . FDIC Call Reports.

Peer group of BBVA USA

The peer group of BBVA USA is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of BBVA USA (state member bank) and 0 have head offices in Alabama. Against them, BBVA USA shows CET1 ratio 15.53% against a peer median of 11.75%, return on equity -5.15% against a peer median of 10.82% and uninsured deposit share 47.05% against a peer median of 49.05%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
City National BankNational bankCA$89.8 bn10.70%7.13%70.95%
Zions BancorporationNational bankUT$88.3 bn10.85%15.44%56.97%
First Horizon BankState member bankTN$88.2 bn10.93%13.36%51.11%
BBVA USAState member bankAL$87.2 bn15.53%-5.15%47.05%
Synchrony BankFederal savings bankUT$82.3 bn18.62%38.25%10.80%
E*TRADE BankFederal savings bankVA$77.7 bn53.81%3.46%16.65%
People's United BankNational bankCT$63.5 bn12.58%8.29%47.00%

. FDIC Call Reports.

Last eight quarters

Two years at BBVA USA, to : assets $92.7 bn to $87.2 bn, deposits $75.3 bn to $73.1 bn, equity $12.4 bn to $10.4 bn. Staff 9,972 to 8,203; offices 642 to 645.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021
Total assets$92.7 bn$93.0 bn$100.9 bn$102.0 bn$101.6 bn$101.9 bn$95.8 bn$87.2 bn
Total deposits$75.3 bn$77.5 bn$85.7 bn$86.7 bn$86.2 bn$86.3 bn$82.2 bn$73.1 bn
Bank equity capital$12.4 bn$10.4 bn$10.3 bn$10.4 bn$10.7 bn$11.0 bn$10.2 bn$10.4 bn
CET1 ratio11.56%11.05%11.28%11.77%12.24%13.16%13.86%15.53%
Return on equity (ROE)0.87%-79.70%-43.70%-27.81%-18.01%13.23%-12.31%-5.15%
Uninsured share of domestic deposits45.65%46.87%49.60%50.54%50.51%50.68%49.22%47.05%
Full-time equivalent employees9,97210,0419,6419,6609,8259,4559,4578,203
Number of offices642642642638638637646645

FDIC Call Reports.

Mergers and acquisitions

The FDIC history of BBVA USA, oldest first; figures before and after each event are not like for like.

  1. . Merged into PNC Bank, National Association (FDIC certificate 6384).

Questions and identifiers

What were the total assets of BBVA USA?

BBVA USA reported $87.2 bn at in its Call Report.

Is BBVA USA the same as its holding company?

No. This page covers BBVA USA, FDIC certificate 19048; PNC FINL SERVICES GROUP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.

Is BBVA USA profitable?

BBVA USA reported net income of -$407.0 mn for the year to ; annualized return on equity: -5.15%. So no: BBVA USA made a loss over these months.

When is data for BBVA USA next updated?

BBVA USA no longer files Call Reports; its data ends at .

Where can I check the figures for BBVA USA?

In the FDIC BankFind Suite record for certificate 19048, and in the Call Reports of BBVA USA (RSSD ID 697633) at the FFIEC Central Data Repository.