Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Q3 2022 Earnings Call Transcript

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Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q3 2022 Earnings Conference Call October 28, 2022 3:30 AM ET

Company Participants

Patricia Bueno - Head of Investor Shareholder Relations of Finance

Onur Genc - Chief Executive Officer

Rafael Salinas - Group Chief Financial Officer

Conference Call Participants

Ignacio Ulargui - BNP Paribas

Alvaro Serrano - Morgan Stanley

Sofie Peterzens - JPMorgan

Maks Mishyn - JB Capital

Carlos Cobo - Societe Generale

Pamela Zuluaga - Credit Suisse

Andrea Filtri - Mediobanca

Ignacio Cerezo - UBS

Britta Schmidt - Autonomous Research

Marta Sanchez Romero - Citi

Carlos Peixoto - CaixaBank

Fernando Gil de Santivañes - Bestinver

Patricia Bueno

Good morning, and welcome everyone to the BBVA Third Quarter 2022 Results Presentation. Thank you very much for your interest.

I'm joined today by Onur Genc, BBVA CEO; and Rafael Salinas, Group CFO. As in previous quarters, Onur will start reviewing the group figures, followed by Rafa who will go through the business units results. Then we will move straight to the Q&A session.

And now I will turn it over to Onur.

Onur Genc

Thank you Patricia. Good morning to everyone. Welcome and thank you for joining our third quarter audio webcast.

Let's dive into it as always starting with slide number three. On the left-hand side of the slide you can see our net attributable profit -- recurrent net attributable profit reaching €1.841 billion. One more quarter we are posting very strong results in our view, achieving the highest reported quarterly results ever and this number is 31% above the results of the same quarter of last year. Also as you can see this figure is much higher compared to last five years average, which stands at around €1.2 billion.

These excellent results brings our earnings per share up to €0.29, 45% year-over-year growth, a higher growth rate

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