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Banco Bilbao Vizcaya Argentaria (IT:1BBVA)
:1BBVA
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.37Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 0.00%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Positive
BBVA delivered strong financial performance with significant growth in net profit, return on equity, and customer acquisition. However, challenges such as currency depreciation and pressures in Turkey and Argentina were noted. The bank remains optimistic about future growth prospects, particularly in its core markets of Spain and Mexico.Company Guidance
During the third-quarter earnings call, BBVA provided guidance on various financial metrics. The bank reported a net attributable profit of €2,627 billion, marking a 26% increase from the same quarter last year and a 6% decrease from the previous quarter. Earnings per share stood at €0.44, reflecting a 32% growth year-over-year. The tangible book value per share, including dividends, rose by 16% year-over-year and 2.6% quarter-over-quarter. BBVA's CET1 capital ratio improved by 9 basis points to 12.84%, significantly above target and regulatory requirements. The return on tangible equity reached a record 20.1%, while the return on equity was 19.2% for the first nine months of 2024. The net interest income (NII) grew by 3.5% year-over-year, with Spain and Mexico showing positive trends. The efficiency ratio improved to 38.9%, highlighting BBVA as the most efficient large European bank. Asset quality remained stable with a cost of risk at 140 basis points, and the NPL and coverage ratios stayed at 3.3% and 75%, respectively. The bank also emphasized its strong capital position and strategic progress, with new customer acquisitions totaling 8.5 million in the first nine months, and sustainability efforts channeling €71 billion in sustainable business. Overall, BBVA expressed optimism for 2025, citing healthy loan growth, effective risk management, and favorable macroeconomic conditions in key markets.Strong Net Attributable Profit
BBVA's net attributable profit in the quarter reached €2,627 billion, which is 26% above the results of the same quarter last year and 6% below last quarter's record results.
Significant Growth in Earnings Per Share
Earnings per share grew by 32% year-over-year, reaching €0.44.
Robust Tangible Book Value Increase
Tangible book value per share plus dividends increased by 16% year-over-year and 2.6% in the quarter.
Record Return on Tangible Equity
BBVA achieved a 20.1% return on tangible equity, which is a record for the bank.
Strong Net Fee and Commission Growth
Net fees and commissions increased by 28% year-over-year.
Improved CET1 Capital Ratio
The CET1 capital ratio increased by 9 basis points in the quarter to 12.84%.
Outstanding Efficiency Ratio
BBVA reported an efficiency ratio of 38.9%, which is an improvement of 429 basis points from last year.
Loan Growth in Core Markets
In Spain, loan growth improved to 1.5%, with consumer and credit card segments growing at 4.6%. In Mexico, loan growth accelerated to 12.3% year-over-year.
Strong Customer Acquisition
BBVA acquired 8.5 million new customers in the first nine months of 2024, with 67% through digital channels.
Sustainability Channeling
BBVA channeled €71 billion in sustainable business in the first nine months of 2024, reaching a total of €276 billion since 2018.
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Banco Bilbao Vizcaya Argentaria (IT:1BBVA) Earnings, Revenues Date & History
IT:1BBVA 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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IT:1BBVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | €11.07 | €11.21 | +1.22% |
| Oct 31, 2024 | €9.07 | €9.11 | +0.40% |
| Jul 31, 2024 | €9.94 | €9.53 | -4.14% |
| Apr 29, 2024 | €10.73 | €10.63 | -0.86% |
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 Vizcaya Argentaria (IT:1BBVA) report earnings?
Banco Bilbao Vizcaya Argentaria (IT:1BBVA) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Banco Bilbao Vizcaya Argentaria (IT:1BBVA) earnings time?
Banco Bilbao Vizcaya Argentaria (IT:1BBVA) earnings time is at Jan 30, 2025, TBA 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 the P/E ratio of Banco Bilbao Vizcaya Argentaria stock?
The P/E ratio of Banco Bilbao Vizcaya Argentaria is N/A.
What is IT:1BBVA EPS forecast?
IT:1BBVA EPS forecast for the fiscal quarter 2024 (Q4) is 0.37.
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