Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Announces Quarterly Earnings Results

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) issued its quarterly earnings results on Thursday. The bank reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02, Zacks reports. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%.

Here are the key takeaways from Banco Bilbao Viscaya Argentaria’s conference call:

• Record earnings and profitability: BBVA reported second-quarter attributable profit of €3.062 billion, up 11.4% year over year, with first-half ROTE reaching 22.2%. Management raised its 2026 group ROTE outlook to around 21%.
• Strong revenue and loan growth continued: Core revenues benefited from 17.8% year-over-year net interest income growth and 16.2% growth in fees, while group loans rose 17.7% in constant euros. Spain and Mexico continued gaining lending market share, particularly in consumer, cards, SMEs and enterprises.
• Higher shareholder distributions: BBVA expects to complete its existing €4 billion buyback by August 3 and announced a new €2 billion extraordinary buyback, with the first €1 billion tranche starting August 5. Management reiterated its commitment to distribute capital above a 12% CET1 target.
• Mexico and South America outlook upgraded: BBVA raised Mexico’s expected 2026 loan growth to around 10%, net interest income growth to high single digits, and expects Mexican cost of risk below 335 basis points. South America revenue growth is now expected in the high teens, supported by lending momentum and improving asset quality.
• Turkey remains a risk area: Tight monetary conditions and elevated retail provisioning reduced margins, and the bank raised its 2026 Turkish cost-of-risk guidance to around 220 basis points from 200 basis points. Management also said exiting hyperinflation accounting by 2028 is increasingly at risk.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA traded up $1.94 during midday trading on Thursday, reaching $27.59. 3,161,670 shares of the stock were exchanged, compared to its average volume of 1,853,230. The company has a market capitalization of $157.54 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.75 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a twelve month low of $16.44 and a twelve month high of $27.60. The business’s 50-day moving average price is $24.52 and its 200 day moving average price is $23.41.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BBVA shares. Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBVA. Advisory Services Network LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter worth approximately $51,000. Parkside Financial Bank & Trust increased its stake in shares of Banco Bilbao Viscaya Argentaria by 109.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,703 shares of the bank’s stock worth $86,000 after acquiring an additional 1,938 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in Banco Bilbao Viscaya Argentaria by 272.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 4,407 shares of the bank’s stock worth $85,000 after purchasing an additional 3,225 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Banco Bilbao Viscaya Argentaria by 170.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,737 shares of the bank’s stock worth $91,000 after purchasing an additional 2,988 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Banco Bilbao Viscaya Argentaria by 495.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,081 shares of the bank’s stock valued at $118,000 after purchasing an additional 4,227 shares during the period. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.