Banco Bilbao Vizcaya Argentaria S.A. (BBVA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone to BBVA's first quarter results presentation. Following yesterday's massive power shortage in Spain, the situation in Madrid is now almost fully restored, so we expect to be able to conduct today's earnings call normally. As usual, I am joined today by our CEO, Honor Gens, and Luisa Gómez Bravo, the group's CFO. After today's review of the quarterly figures, we will open the line to receive your questions. Let me remind you that, in addition to asking questions live through the conference call operator, you also have the option to submit your questions in writing via the Ask a Question section located just below the video you are watching. This option is available in case you experience any issues with the phone line. Any questions submitted through this channel will be read during the Q&A session and answered accordingly. We apologize for any inconvenience caused by this situation and sincerely thank you very much for your understanding and cooperation. Now I will turn the call over to Anul. Thank you, Patricia. Good morning to everyone and welcome and thank you for joining BBVA's first quarter 2025 earnings webcast. The ones who are connecting from Spain or the ones who have friends and family in Spain, I hope everyone is safe and sound after yesterday's blackouts. And let's just jump into it, starting with slide number three. In line with our strategic priorities of value creation and profitable growth, I would like to start the presentation today by highlighting the two financial metrics that best reflect these priorities, tangible book value growth and profitability. On the left-hand side of the slide, you can see the strong evolution of tangible book value per share plus dividends, which increased by 14.1% year over year and 3....