MADRID (AP) — MADRID (AP) — Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) on Thursday reported fourth-quarter net income of $2.95 billion.
The Madrid-based bank said it had earnings of 49 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.
The bank posted revenue of $11.4 billion in the period. Its revenue net of interest expense was $11.4 billion, missing Street forecasts.
For the year, the company reported profit of $11.89 billion, or $1.99 per share. Revenue was reported as $41.77 billion.
Banco Bilbao shares have climbed 10% since the beginning of the year. The stock has more than doubled in the last 12 months.
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