Onur Ghent
Chief Executive Officer
Replay available
Banco Bilbao Vizcaya Argentaria S.A. (BBVA) Q3 2025 Earnings Call
Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) Q3 2025 earnings conference call, held 2025-10-30. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.257 Good morning, and thank you for joining us for BBVA's third quarter results presentation. 00:00:05.257 -- 00:00:10.423 As every quarter, I'm pleased to be joined by our CEO, Onur Ghent, and our 00:00:10.423 -- 00:00:15.389 group CFO, Luisa Gomez Bravo. We will start with a review of the key figures for the 00:00:15.389 -- 00:00:18.513 quarter, and then we will open the floor for your questions. 00:00:18.513 -- 00:00:22.838 So without further delay, let me hand it over to Onur. 00:00:22.838 -- 00:00:24.961 Thank you, Patricia. Good morning to everyone. 00:00:24.961 -- 00:00:30.946 Welcome, and thank you for joining BBVA's third quarter 2025 earnings webcast. 00:00:30.946 -- 00:00:34.651 As always, let's jump into the slides, starting with slide number three. 00:00:34.651 -- 00:00:38.937 And as always, starting with the value creation numbers on the left-hand side of the 00:00:38.937 -- 00:00:44.184 page, you can see the strong evolution of tangible book value per share plus dividends, 00:00:44.184 -- 00:00:46.828 which increased by 17% year-over-year 00:00:46.828 -- 00:00:51.935 and 4.5% in the quarter. In my view, excellent figures. 00:00:51.935 -- 00:00:54.578 On the right-hand side, you see the profitability ratios. 00:00:54.578 -- 00:00:58.644 They are sustained at very high levels with an industry-leading return on tangible equity 00:00:58.644 -- 00:01:00.494 of 19.7%. 00:01:00.494 -- 00:01:05.859 and ROE of 18.8% in the first nine months of 2025. 00:01:06.082 -- 00:01:11.110 On page number four, on the left-hand side, we delivered another strong quarter 00:01:11.110 -- 00:01:16.478 in terms of net attributable profit, once again exceeding the 2.5 billion euros 00:01:16.478 -- 00:01:21.105 mark, even in the context of a much lo...