Compass Bancshares Named to Forbes Platinum 400 List for Sixth Consecutive Year.BIRMINGHAM, Ala. -- 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: 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) ) is pleased to announce its inclusion in Forbes Magazine's prestigious ranking of the top 400 best big companies in America for the sixth consecutive year. Compass was one of only 17 banking companies named to the "Platinum 400" and one of only six banking companies to have earned this distinction for six or more years. "Compass' inclusion on the Platinum 400 provides further evidence that our growth strategies are working and continue to produce superior results. We continue to believe that generating consistent growth in earnings and reinvesting in our franchise through targeted geographical expansion in key Southwestern markets are the best way to ensure that long-term value is created for our shareholders," said D. Paul Jones Paul Jones can refer to:
The Forbes "Platinum 400" is based on companies with at least $1 billion in revenue that receive high rankings for corporate practices as well as long- and short-term sales and earnings growth and stock market performance. Accounting-Governance rankings were provided by Audit Integrity, a firm based in both New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Los Angeles that produces accounting and governance analysis on public companies. Based on their analysis, company's receive a score and ranking in three different categories: accounting and governance, financial condition and earnings quality. Rankings for accounting-governance are characterized as conservative, average, aggressive or very aggressive in nature; strong, average or weak for financial condition; and high, average or low for earnings quality. Compass received rankings of conservative for accounting-governance, strong for financial condition and high for earnings quality. Compass Bancshares, Inc. is a $28 billion Southwestern financial holding company which operates 376 full-service banking offices including 136 in Texas, 89 in Alabama, 71 in Arizona, 42 in Florida, 28 in Colorado and 10 in New Mexico. Compass is among the top 30 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. The company's earnings per share have increased for 16 consecutive years and 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. have increased for 23 consecutive years. 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. Additional information about Compass, a member of the S&P 500 Index, can be found at www.compassweb.com. "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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