Spanish financial services firm Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) posted higher first-quarter net attributable profit of 1.73 billion euros, or 0.31 euros per basic share, compared with the prior-year quarter's 1.0 billion euros, or 0.19 euros per basic share. On an adjusted basis, quarterly net attributable profit totaled 865 million euros, or 0.16 euros per basic share.
For the period, pre-tax income advanced to 1.51 billion euros, from 1.30 billion euros a year earlier. First-quarter net interest income increased slightly year-on-year to 3.62 billion euros, from 3.59 billion euros.
According to the company, the income statement reflects the resilience and strength of earnings despite extraordinarily complex conditions following five years of economic and financial crisis, with capital gains on the sale of non-strategic assets in Spain and Mexico also contributing to the results.
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