Banco Bilbao Viscaya Argentaria (BBVA) Financials

Banco Bilbao Viscaya Argentaria (BBVA) shows notable trends over the last three fiscal years ending in 2024 based on its balance sheet data.

• The bank's total assets increased from approximately $761.8 billion in 2022 to $799.5 billion in 2024, indicating growth in the asset base.
• Loans and leases, net of allowance—a core banking asset—increased from about $449.1 billion in 2022 to nearly $498.5 billion in 2024, reflecting an expansion in lending activities.
• Trading account securities remained relatively stable around $93-98 billion, showing consistency in this investment category.
• Goodwill and intangible assets, indicators of acquired businesses and non-physical assets, remained fairly consistent, suggesting few major acquisitions or write-offs.
• Cash and due from banks declined significantly from about $85.8 billion in 2022 to $52.6 billion in 2024, which may reduce liquidity cushions.
• Interest bearing deposits at other banks showed significant negative values (e.g., -$55.9 billion in 2024), indicating potential offsetting or negative adjustments that could impact asset quality.
• Customer and other receivables remain negative with large absolute values (approximately -$463.4 billion in 2024), which may reflect accounting or classification issues affecting asset clarity.
• Total liabilities increased sharply from $707.8 billion in 2022 to $737.4 billion in 2024, driven largely by growth in other long-term liabilities (which climbed to $864.3 billion in 2024), suggesting increased obligations.
• Total common equity is negative across all three years (e.g., -$35.3 billion in 2024), which is a red flag indicating that the bank’s liabilities exceed its equity, potentially signaling financial stress or accounting treatments linked to local regulations.
• Total equity and non-controlling interests remain negative (e.g., -$30.8 billion in 2024), further emphasizing the weak equity position and possible solvency concerns for shareholders.

Overall, while BBVA has grown its loan book and total assets over the period, its shrinking liquidity on hand and persistently negative equity pose risks. Retail investors should monitor the company’s equity recovery initiatives and any changes in liabilities closely.