Banco Bilbao Vizcaya Argentaria, S.A. (BME: BBVA)

BBVA Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	49,937	41,426	28,368	20,244	18,357	27,762
Interest Income on Investments	7,423	6,542	3,187	2,946	4,169	153
Total Interest Income	57,360	47,968	31,555	23,190	22,526	27,915
Interest Paid on Deposits	32,349	24,761	12,309	8,329	7,797	11,182
Interest Paid on Borrowings	787	-	-	-	-	790
Total Interest Expense	33,136	24,761	12,309	8,329	7,797	11,972
Net Interest Income	24,224	23,207	19,246	14,861	14,729	15,943
Net Interest Income Growth (YoY)	3.98%	20.58%	29.51%	0.90%	-7.61%	3.32%
Income From Trading Activities	2,623	1,352	562	341	777	419
Gain (Loss) on Sale of Assets	-13	50	-119	-16	437	18
Gain (Loss) on Sale of Investments	731	417	105	856	88	103
Gain (Loss) on Sale of Equity Investments	37	26	21	1	-39	-42
Other Non-Interest Income	7,654	6,454	6,454	5,547	4,297	5,365
Total Non-Interest Income	11,073	8,340	7,031	6,756	5,666	5,863
Non-Interest Income Growth (YoY)	51.37%	18.62%	4.07%	19.24%	-3.36%	-13.45%
Revenues Before Loan Losses	35,297	31,547	26,277	21,617	20,395	21,806
Provision for Loan Losses	5,462	4,386	3,303	3,017	5,160	3,470
Revenue	29,835	27,161	22,974	18,600	15,235	18,336
Revenue Growth (YoY)	12.64%	18.22%	23.52%	22.09%	-16.91%	-1.02%
Salaries and Employee Benefits	6,530	6,530	5,601	5,046	4,695	5,320
Occupancy Expenses	1,474	1,403	1,328	1,234	1,288	-
Amortization of Goodwill & Intangibles	-	-	-	-	-	1,386
Selling, General & Administrative	4,786	3,924	3,403	2,902	3,105	3,071
Other Non-Interest Expense	542	665	505	1,271	754	844
Total Non-Interest Expense	13,332	12,522	10,837	10,453	9,842	10,621
EBT Excluding Unusual Items	16,503	14,639	12,137	8,147	5,393	7,715
Asset Writedown	-4	-42	28	-180	-144	-106
Legal Settlements	-198	-171	-210	-135	-	-171
Other Unusual Items	-1,722	-2,007	-1,687	-585	-	-392
Pretax Income	14,579	12,419	10,268	7,247	5,249	7,046
Income Tax Expense	4,458	4,003	3,505	1,909	1,459	1,943
Earnings From Continuing Operations	10,121	8,416	6,763	5,338	3,790	5,103
Earnings From Discontinued Operations	-	-	-	280	-1,729	-758
Minority Interest in Earnings	-441	-397	-405	-965	-756	-833
Net Income	9,680	8,019	6,358	4,653	1,305	3,512
Preferred Dividends & Other Adjustments	345	345	313	359	-	419
Net Income to Common	9,335	7,674	6,045	4,294	1,305	3,093
Net Income Growth	28.65%	26.12%	36.64%	256.55%	-62.84%	-34.96%
Basic Shares Outstanding	5,798	5,954	6,189	6,401	9,321	6,648
Diluted Shares Outstanding	5,798	5,954	6,189	6,401	9,321	6,648
Shares Change (YoY)	-2.05%	-3.80%	-3.31%	-31.33%	40.21%	0.18%
EPS (Basic)	1.61	1.29	0.98	0.67	0.14	0.47
EPS (Diluted)	1.61	1.29	0.98	0.67	0.14	0.47
EPS Growth	32.17%	31.96%	45.60%	379.17%	-69.91%	-37.64%
Dividend Per Share	0.680	0.550	0.430	0.310	0.059	0.260
Dividend Growth	44.68%	27.91%	38.71%	425.42%	-77.31%	0%
Effective Tax Rate	30.58%	32.23%	34.14%	26.34%	27.80%	27.58%

Source: S&P Capital IQ. Banks template. Financial Sources.