Q4 2024 Banco Bilbao Vizcaya Argentaria SA Earnings Call Transcript

Jan 30, 2025 / 08:30 AM GMT

Release Date Price: $11.49 (+10.69%)

Transcript

Key Points

Positve

Banco Bilbao Vizcaya Argentaria SA (BBVA) achieved a 17.2% growth in tangible value per share plus dividends, despite market headwinds.
The bank surpassed the €10 billion threshold in net attributable profit for the first time, with a 28% increase in earnings per share.
BBVA increased its loan portfolio by 14.3% and acquired a record 11.4 million new customers, expanding its client franchise.
The bank channeled almost €100 billion in sustainable business in 2024, surpassing its cumulative 2018-2025 goal of €300 billion one year early.
BBVA announced a total shareholder distribution of €5 billion for 2024, equivalent to a 50% payout, including a new share buyback program of €993 million.

Negative

The bank's CET1 ratio is at 12.88%, above its soft target of 12%, raising questions about the use of excess capital.
There is a noted slowdown in demand deposits growth in Mexico, from 10% in Q3 to 4% in Q4, raising concerns about competition.
BBVA's cost of risk in Turkey increased to 127 basis points, reflecting higher provision needs in retail.
The bank anticipates a slight decline in net interest income in Spain for 2025, despite active hedging strategies.
BBVA faces potential impacts from the Spanish banking tax, which could increase with the acquisition of Sabadell.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BBVA.MC - Banco Bilbao Vizcaya Argentaria SA
Q4 2024 Banco Bilbao Vizcaya Argentaria SA Earnings Call
Jan 30, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome everyone. And thank you for joining VV VA S four quarter results presentation. I'm joined today by our CEO and G and Luisa Gome Bravo, the group CFO as in previous quarters, honor will start discussing the group figures and then Luisa will go through the business areas. Finally, we will open the line to receive your questions. Thank you very much for participating and now I turn the call over for to a new.

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Unidentified_2 [2]
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Thank you Patricia. Good morning to everyone. Welcome. And thank you for joining

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