BBVA SA's third-quarter net income of €2.63 billion ($2.9 billion) exceeded analyst expectations of €2.39 billion. The bank's fee and commission income of €1.91 billion surpassed forecasts, while net interest income declined by 9% year-on-year, indicating challenges in the lending sector.

BBVA's ability to generate revenue through fees in a declining interest income environment reflects broader trends in the financial sector. As Spain's second-largest lender, BBVA's performance is closely monitored by investors and analysts for insights into the health of the banking industry.