BBVA (BBVA) Reports Q4 Net Income of $2.95B, EPS 49c

BBVA (BBVA) reported fourth-quarter net income of $2.95 billion, or 49 cents per share, up from non-recurring items. Adjusted earnings were 50 cents per share. Revenue for the quarter was $11.4 billion, with revenue net of interest expense also at $11.4 billion, below analyst expectations. For the year, the bank posted profit of $11.89 billion, or $1.99 per share, on revenue of $41.77 billion. BBVA shares rose 10% year-to-date, more than doubling from 12 months ago.