BBVA Files 6-K for January 2025 and Q4 2024 Results

Ticker: BBVXF · Form: 6-K · Filed: Jan 30, 2025 · CIK: 842180

Banco Bilbao Vizcaya Argentaria, S.A. 6-K Filing Summary
FieldDetail
CompanyBanco Bilbao Vizcaya Argentaria, S.A. (BBVXF)
Form Type6-K
Filed DateJan 30, 2025
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: quarterly-report, financial-update, foreign-issuer

TL;DR

BBVA dropped its Q4 2024 report and January updates. Check the numbers.

AI Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a Form 6-K on January 30, 2025, reporting on its activities for the month of January 2025 and its fiscal year ending December 31, 2024. The filing includes its quarterly report for the fourth quarter of 2024. BBVA is a Spanish commercial bank headquartered in Madrid.

Why It Matters

This filing provides investors with updated financial information and disclosures for BBVA, crucial for assessing the bank's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine periodic filing providing financial updates and does not contain significant new risks.

Key Players & Entities

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose is to report on the activities of the foreign private issuer, BANCO BILBAO VIZCAYA ARGENTARIA, S.A., for the month of January 2025 and to include its quarterly report for the fourth quarter of 2024.

When was this Form 6-K filed with the SEC?

This Form 6-K was filed as of January 30, 2025.

What is the fiscal year-end for BANCO BILBAO VIZCAYA ARGENTARIA, S.A.?

The fiscal year-end for BANCO BILBAO VIZCAYA ARGENTARIA, S.A. is December 31.

Does BBVA file its annual reports under Form 20-F or Form 40-F?

BBVA indicates it files its annual reports under cover of Form 20-F.

Where is the principal executive office of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. located?

The principal executive offices are located at Calle Azul, 4, 28050 Madrid, Spain.

Filing Stats: 4,710 words · 19 min read · ~16 pages · Grade level 10.2 · Accepted 2025-01-30 10:15:35

Filing Documents

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2025 Commission file number 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrant's name into English) Calle Azul, 4 28050 Madrid Spain (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No X Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Main data BBVA GROUP MAIN DATA (CONSOLIDATED FIGURES) 31-12-24 % 31-12-23 31-12-22 Balance sheet (millions of euros) Total assets 772,402 (0.4) 775,558 712,092 Loans and advances to customers (gross) 424,087 9.0 388,912 368,588 Deposits from customers 447,646 8.3 413,487 394,404 Total customer funds 640,251 10.8 577,853 544,576 Total equity 60,014 8.6 55,265 50,517 Income statement (millions of euros) Net interest income 25,267 9.4 23,089 19,124 Gross income 35,481 20.1 29,542 24,743 Operating income 21,288 23.5 17,233 14,042 Net attributable profit (loss) 10,054 25.4 8,019 6,358 The BBVA share and share performance ratios Number of shares outstanding (million) 5,763 (1.3) 5,838 6,030 Share price (euros) 9.45 14.9 8.23 5.63 Adjusted earning (loss) per share (euros) 1.68 27.7 1.32 1.04 Earning (loss) per share (euros) 1.68 30.0 1.29 0.98 Book value per share (euros) 9.67 9.1 8.86 7.78 Tangible book value per share (euros) 9.24 9.2 8.46 7.43 Market capitalization (millions of euros) 54,463 13.4 48,023 33,974 Significant ratios (%) ROE (net attributable profit (loss)average shareholders' funds +- average accumulated other comprehensive income) 18.9 16.2 14.4 ROTE (net attributable profit (loss)average shareholders' funds excluding average intangible assets +- average accumulated other comprehensive income) 19.7 17.0 15.1 ROA (profit (loss) for the period average total assets - ATA) 1.36 1.12 0.99 RORWA (profit (loss) for the period average risk-weighted assets - RWA) 2.76 2.38 2.06 Efficiency ratio 40.0 41.7 43.2 Cost of risk 1.43 1.15 0.91 NPL ratio 3.0 3.4 3.4 NPL coverage ratio 80 77 81 Capital adequacy ratios (%) CET1 fully loaded 12.88 12.67 12.61 CET1 phased-in 12.88 12.67 12.68 Total ratio phased-in 16.90 16.58 15.98 Other information Number of active customers (million) 77.2 6.5 72.5 68.2 Number of shareholders 714,069 (3.8) 742,194 801,216 Number of employees 125,916 3.6 121,486 115,675 Number of branches 5,749 (3.4) 5,949 6,040 Number of ATMs 30,391 0.3 30,301 29,807 Balances as of 31-12-2022 revised according to IFRS 17 - Insurance contracts. For more information, see Alternative Performance Measures at this report. Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis amendments of the Capital Requirements Regulation (CRR), introduced by the Regulation (EU) 2020873. For 2022 in this table, there is a difference between phased-in and fully loaded ratios due to the aforementioned temporary treatment. Reported figures include clients from Italy, as well as an adjustment for homogenization of criteria in Peru and Venezuela with the rest of the countries. In Argentina, the concepts of "total customers" and, therefore, "active customers" have been revised due to the transition to a new data source. See footnote to table of structural distribution of shareholders in the Capital and shareholders chapter of this report. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Contents Highlights 4 Macroeconomic environment 7 Group 8 Results 8 Balance sheet and business activity 14 Capital and shareholders 16 Risk management 20 Business areas 26 Spain 29 Mexico 33 Turkey 37 South America 41 Rest of Business 46 Corporate Center 49 Other pro forma information Corporate Investment Banking 50 Alternative Performance Measures (APMs) 53 Legal disclaimer 63 Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. 4 Highlights Results and business activity The BBVA Group generated a net attributable profit of 10,054m

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