BBVA Reports Strong Earnings Growth in 2024

BBVA Group's earnings surged in 2024, with a 30% increase in EPS and 25% rise in net profit, signaling strong performance in its banking operations.

Date: 30-01-2025

AI Rating: 8

Earnings Per Share (EPS): BBVA reported a growth in earnings per share of 30% to 1.68 euros. This significant increase reflects the company's improved profitability and operational efficiency.

Net Income: The net attributable profit for the year rose more than 25% to 10.05 billion euros, showcasing the company's robust income generation and effective cost management.

Profit Margins: Profit before tax saw a 24% increase to 15.40 billion euros, indicating strong operational performance.

Revenue Growth: Gross income rose 20% to 35.48 billion euros, primarily fueled by gains in net interest income, which grew by 9.4% to 25.27 billion euros. This demonstrates the company’s solid revenue streams from its core banking operations.

Loan Growth: Loans and advances to customers increased by 9.2%, highlighting the bank's growth in lending and strong demand for its financial products.

Provisions: The provisions for impairment on financial assets increased 32.4%, which may concern investors as it reflects increased risk in the lending portfolio due to high growth in loans. However, this is somewhat offset by the bank's overall performance. Overall, BBVA's results depict a strong performance with considerable growth in key financial metrics, signaling positive prospects for investors.

Stocks: BBVA