Fueled by strong loan and deposit growth, BBVA Compass in Birmingham, Ala., said Thursday that its first-quarter profits climbed 4% from the same period last year, to $114 million.

The $73.3 billion-asset company, a unit of Spanish banking giant Banco Bilbao Vizcaya Argentaria, said that total loans were up 15% from prior year levels, to $52.8 billion. Chief Executive Manolo Sanchez attributed the growth to robust demand for commercial and industrial loans.

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