RTTNews | Jan 29, 2021 09:46AM EST

09:46 Friday, January 29, 2021 (RTTNews.com) - BBVA USA Bancshares Inc reported net income of $334 million for the fourth quarter of 2020 compared to a net loss of $331 million in the fourth quarter of 2019.

Included in the fourth quarter of 2019 was a non-cash, goodwill impairment charge of $470 million. Excluding the impact of this non-cash charge, adjusted net income for the fourth quarter of 2019 was $139 million.

Total revenue for the fourth quarter of 2020 was $969 million, up 8 percent from fourth quarter 2019 levels. Net interest income in the quarter totaled $667 million, up 7 percent from the $623 million recorded in the fourth quarter of 2019.

Non-interest income for the fourth quarter of 2020 totaled $301 million, up 11 percent from the $273 million reported in the fourth quarter of 2019.

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