In 2023 the BBVA Group added 11.1 million new customers and increased lending nearly 8 percent yoy. The bank also channeled €70 billion in sustainable business, exceeding the €200-billion mark since 2018. BBVA posted a record net attributable profit of €8.02 billion in 2023, up 22 percent yoy (+35 percent in constant euros)¹. Recurrent earnings per share rose even more, 27 percent, driven by share buybacks executed in 2023. BBVA will pay a cash dividend €0.55 per share against 2023 earnings², 28 percent more than in 2022, and will launch a new share buyback program for €781 million³. In total, BBVA will distribute more than €4 billion to its shareholders.
BBVA Earnings 2023
BBVA Earnings 3Q23
BBVA earnings showed a positive evolution in the first nine months of 2023. The Group posted a net attributable profit of €5.96 billion, up 24.3 percent yoy (+37.9 percent at constant exchange rates). These results were driven by the strong performance in recurring revenues (NII and net fees and commissions). This trend continued in the third quarter, with a net attributable profit of €2.08 billion, up 13.4 percent yoy. Earnings per share grew even higher, up 17.8 percent, thanks to the share buyback programs already executed by the bank. BBVA has a solid capital position, with a fully-loaded CET1 ratio of 12.73 percent, and ROTE reaching 17 percent.