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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBVA at https://www.zacks.com/ap/BBVA

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