BBVA Reports Strong Q3 Results with Significant EPS Beat and Net Interest Income Growth

BBVA has reported impressive third-quarter financial results, highlighted by a Non-GAAP Earnings Per Share (EPS) of €1.60, which exceeded expectations by €0.98. The bank's net interest income saw substantial growth, reaching €8.08 billion, representing a 21.7% increase compared to the previous year. The Group also demonstrated strong momentum in asset management and liquidity, with customer funds increasing by 7.7% year-to-date. This growth was driven primarily by significant surges in time deposits, which rose by 20.7%, and mutual funds, which grew by 8.3%.

By Meghavi Singh, SA News Editor · Seeking Alpha ·

BBVA Reports Strong Q3 Results with Significant EPS Beat and Net Interest Income Growth

Tickers: $BBVA

Topics: customer funds growth earnings beat net interest income

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