Compass Bancshares Announces Fourth Quarter 2002 Dividend.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Nov. 15, 2002 The board of directors of Compass Bancshares, Inc. (Nasdaq:CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) ) announces a fourth quarter dividend of $0.25 per share of common stock. The dividend is payable on January 2, 2003, to shareholders of record as of the close of business on December 16, 2002. Compass has increased its annual dividend to shareholders for 21 consecutive years and generated increased earnings per share in each of the last 14 years. Over the past 10 years, Compass dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. and earnings per share have grown at a compound annual rate of 13 percent. Compass holds Mergent's "Dividend Achiever" designation for increasing dividends for at least 10 consecutive years. Earlier this year, Compass was recognized by Keefe, Bruyette and Woods Keefe, Bruyette & Woods, Inc. is a stock broker and an investment bank that specialises in the financial sector. The company has seven offices in the United States and one office in London. , Inc. as one of the best performing banks over the past decade and named to its prestigious "Honor Roll" for the fifth consecutive year. Compass is also a member of the Forbes Platinum 400 and the Forbes 500. Compass Bancshares, Inc. is a $23.7 billion Sunbelt-based financial holding company which operates 344 full-service banking offices in Alabama, Arizona, Colorado, Florida, Nebraska, New Mexico and Texas. Compass is among the top 40 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. Shares of Compass' common stock are traded through the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CBSS. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Compass Bancshares, Inc. notes that any statements in this press release, and elsewhere, that are not historical facts are "forward-looking statements" that involve risks and uncertainties that may cause the Company's actual results of operations to differ materially from expected results. For a discussion of such risks and uncertainties, see the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year as well as its other filings with the U.S. Securities and Exchange Commission. |
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