Banco Bilbao Vizcaya Argentaria Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Banco Bilbao Vizcaya Argentaria (BME:BBVA) Full Year 2024 Results

Key Financial Results

• Revenue: €31.2b (up 15% from FY 2023).
• Net income: €9.67b (up 26% from FY 2023).
• Profit margin: 31% (up from 28% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €1.68 (up from €1.29 in FY 2023).

BBVA Banking Performance Indicators

• Cost-to-income ratio: 40.0% (down from 41.7% in FY 2023).
• Non-performing loans: 3.12% (down from 3.49% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banco Bilbao Vizcaya Argentaria Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Mexico segment contributing a total revenue of €11.7b (37% of total revenue). The largest operating expense was General & Administrative costs, amounting to €14.2b (66% of total expenses). Explore how BBVA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Spain.

Performance of the Spanish Banks industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Banco Bilbao Vizcaya Argentaria (1 is a bit unpleasant!) that you should be aware of.

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