Compass Bancshares Named to Elite Honor Roll of Top Earnings Performers Over 10 Years.BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 28, 1999-- Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. :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) ), has been recognized by Keefe, Bruyette & Woods (KBW KBW Kommunistischer Bund Westdeutschlands (Communist Union of West Germany) KBW Keefe, Bruyette and Woods, Inc. (investment firm) KBW Knowledge-Based Warfare ) as one of the 10 best performing banks over the past 10 years and named to its prestigious "1999 Honor Roll honor roll n. A list of names of people worthy of honor, especially: a. A list of students who have earned high grades during a specified period. b. A list of people who have served in the armed forces. ." KBW's Honor Roll acknowledges banking companies that have continually reported increases in earnings per share regardless of the banking environment over the last decade. KBW's analysis was based on originally reported earnings per share and included all non-recurring expenses, such as merger-related or other restructuring charges. Of 134 banking companies followed by KBW, only 10 have posted a 10-year record worthy of admission to the Honor Roll. Compass is the only Sunbelt-based company ranked in the top ten. "The recognition by KBW of Compass' ability to deliver consistent, predictable earnings growth is further confirmation that our strategies work," said D. Paul Jones, Jr., Compass chairman and chief executive officer. Compass has reported 11 consecutive years of record earnings and earnings per share and 18 consecutive years of increased dividends. In the first quarter of 1999, Compass reported a 15 percent increase in earnings per share and record earnings of $53 million. Compass operates 292 banking offices and has more than 6,000 employees in Alabama, Arizona, Florida and Texas. Shares of Compass Bancshares' common stock are traded through the NASDAQ national market system under the symbol CBSS. |
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