Banco Bilbao Vizcaya Argentaria reported better-than-expected earnings for the first quarter of 2025 as revenue and profit saw double-digit percentage increases compared with a year prior.

The Spanish bank made a net profit of 2.70 billion euros ($3.08 billion) for the three months ended March 31 compared with 2.20 billion euros for the same period last year, ahead of expectations of a 2.43 billion euro figure taken from a company-compiled consensus.