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Banco Bilbao (BBVA)
NYSE:BBVA
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Earnings Data
Report Date
Jan 30, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.37Last Year’s EPS
$0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -1.22%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
BBVA's Q3 2024 earnings call highlights strong profitability, significant growth in earnings per share, and improvements in capital and efficiency ratios, despite challenges in currency depreciation and specific regional pressures. The company remains optimistic about its strategic growth and sustainability goals.Company Guidance
In the BBVA's Q3 2024 earnings call, the executives presented several key metrics indicating a strong financial performance. The net attributable profit for the quarter was reported at EUR 2,627 million, a notable 26% increase compared to the same period last year, although 6% lower than the previous quarter's record results. Earnings per share grew by 32% year-over-year to EUR 0.44. The CET1 capital ratio improved to 12.84%, up by 9 basis points from the previous quarter, and the return on tangible equity reached an impressive 20.1%. The net interest income (NII) experienced a growth of 3.5% compared to last year, with a 28% increase in net fees and commissions. The efficiency ratio improved to 38.9%, making BBVA one of the most efficient banks in Europe. The asset quality metrics remained stable, with a cost of risk flat at 140 basis points, and the non-performing loan (NPL) ratio stable at 3.3%. BBVA also highlighted a strong capital position and significant progress in strategic initiatives, including customer acquisition and sustainability efforts.Strong Net Attributable Profit
BBVA achieved a net attributable profit of EUR 2,627 million in Q3 2024, a 26% increase year-over-year, and despite a 6% decrease from last quarter's record results.
Significant Earnings Per Share Growth
Earnings per share grew by 32% year-over-year to EUR 0.44.
CET1 Capital Ratio Improvement
BBVA's CET1 capital ratio increased to 12.84%, up by 9 basis points in the quarter.
Record Return on Tangible Equity
Return on tangible equity reached a record 20.1% for the first 9 months of 2024.
Net Interest Income and Fee Growth
Net interest income grew by 3.5% year-over-year, and net fees and commissions increased by 28%.
Efficiency Ratio Improvement
BBVA achieved an industry-leading efficiency ratio of 38.9%, an improvement of 429 basis points year-over-year.
Continued Customer Growth
BBVA acquired 8.5 million new customers in the first 9 months of 2024, 67% through digital channels.
Sustainability Milestone
BBVA channeled EUR 71 billion in sustainable business in the first 9 months of 2024, reaching EUR 276 billion since 2018.
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BBVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BBVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $9.85 | $9.93 | +0.81% |
| Jul 31, 2024 | $10.67 | $10.28 | -3.66% |
| Apr 29, 2024 | $11.29 | $11.46 | +1.51% |
| Jan 30, 2024 | $8.38 | $8.84 | +5.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco Bilbao (BBVA) report earnings?
Banco Bilbao (BBVA) is schdueled to report earning on Jan 30, 2025, Before Open Not Confirmed.
What is Banco Bilbao (BBVA) earnings time?
Banco Bilbao (BBVA) earnings time is at Jan 30, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBVA EPS forecast?
BBVA EPS forecast for the fiscal quarter 2024 (Q4) is $0.37.
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