Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET
Company Participants
Patricia Bueno – Investor Relations
Onur Genc – Chief Executive Officer
Luisa Gomez Bravo – Chief Financial Officer
Conference Call Participants
Maksym Mishyn – JB Capital
Benjamin Toms – RBC Capital Markets
Antonio Reale – Bank of America
Sofie Peterzens – JPMorgan
Ignacio Ulargui – BNP Paribas Exane
Carlos Peixoto – CaixaBank
Britta Schmidt – Autonomous Research
Marta Sanchez Romero – Citi
Patricia Bueno
Good morning. Welcome, and thank you for joining BBVA’s Third Quarter Results Presentation. I’m joined today by Onur Genc, our CEO; and Luisa Gomez Bravo, the Group’s CFO. As in previous quarters, Onur will start reviewing the group figures, and then Luisa will go through the business units results. Finally, we will open the line to take your questions.
So thank you very much for participating and now I turn the call over to Onur.
Onur Genc
Thank you, Patricia. Good morning to everyone. Welcome, and thank you for joining BBVA’s third quarter 2024 earnings webcast. Starting with Slide number 3. On the left-hand side, you can see our net attributable profit in the quarter, reaching €2,627 billion, showing another very strong quarter. This figure is 26% above the results of the same quarter of last year and 6% below last quarter’s record results.
In the context of, as you all know, a relatively significant depreciation of the currencies in our footprint in the third quarter, we once again managed to largely compensate for these negative impacts with the strength in our operating performance in our core operating performance, especially in the core revenues. In fact, in constant euros, quarterly results have increased by 7%, showing the strong performance of our franchises. Our results, they represent €0.44 earnings per share, a 32% growth in the year-over-year comparison. And then the graph
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