Compass Bancshares Named to KBW ``Honor Roll'' for Fourth Consecutive Year.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 5, 2001 For the fourth consecutive year, Sunbelt-based 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) ) has been recognized as one of the best performing banks over the last decade by Keefe, Bruyette & Woods, Inc., a 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 investment banking firm specializing in banking and financial services. Compass was one of only 13 companies named to the prestigious 2001 "Honor Roll" out of the 138 companies followed by KBW KBW Kommunistischer Bund Westdeutschlands (Communist Union of West Germany) KBW Keefe, Bruyette and Woods, Inc. (investment firm) KBW Knowledge-Based Warfare . The KBW Honor Roll acknowledges banking companies that have continually reported increases in earnings per share regardless of the banking environment over the last 10 years. KBW's analysis was based upon originally reported earnings per share and included all nonrecurring items, such as merger-related or other restructuring charges. "Compass' inclusion in the KBW Honor Roll provides convincing evidence that our growth strategies are working and continue to produce superior results. We continue to believe that generating consistent growth in earnings is the best way to ensure that long-term value is created for our shareholders," said D. Paul Jones, Jr., Compass chairman and chief executive officer. Earlier this year, Compass was named to Forbes magazine "Platinum 400" list as one of the best big companies in America. Compass also holds Moody's Investors Service's "Dividend Achiever" designation for increasing dividends for at least 10 consecutive years. Compass Bancshares, Inc. is a $20 billion Sunbelt-based financial holding company which operates 340 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. The company's earnings per share have increased for 13 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 20 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. "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 Statements in this press release regarding Compass Bancshares, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Annual Report or 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. |
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