BBVA: 2021 earnings top E5bn, but stock down

(CercleFinance.com) - Net interest income increased by 6.
1% in 2021 compared to the previous year, reaching 14.69 billion euros.
Overall, net interest income plus net fees and commissions increased by 9.1% during the year.

Net operating income climbed to 1.91 billion euros in 2021, up 30.5% relative to 2020. This was mainly due to the good performance of the Global Markets unit.

Operating profit for the year rose to 11.54 billion euros, up 10.8%.

The Spanish banking group announced recurrent earnings of 5.07 billion euros for 2021, the highest in the last ten years, thanks to positive revenue development and lower loan loss provisions. Including non-recurrent impacts, net income, group share came in at 4.65 billion euros, 3.6x higher than the 1.31 billion euros recorded in 2020.

BBVA will pay a total dividend per share of 0.31 euro for 2021, the highest cash dividend in the last decade.

Although all lights seem to be green, the share is down over 3% in mid-morning trading today.


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