Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) issued its quarterly earnings data on Thursday. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04, 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 Banco Bilbao Viscaya Argentaria stock traded up $0.20 during trading on Friday, hitting $27.80. The stock had a trading volume of 1,436,455 shares, compared to its average volume of 1,850,030. The business has a fifty day moving average of $24.52 and a two-hundred day moving average of $23.41. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $16.44 and a fifty-two week high of $27.88. The firm has a market cap of $158.68 billion, a P/E ratio of 13.24, a PEG ratio of 0.72 and a beta of 0.80.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently bought and sold shares of BBVA. Barclays PLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% during the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock valued at $84,306,000 after purchasing an additional 3,428,336 shares in the last quarter. Bank of America Corp DE lifted its stake in Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. Millennium Management LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 373.4% during the third quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after buying an additional 605,947 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Banco Bilbao Viscaya Argentaria by 532.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 536,417 shares of the bank’s stock worth $12,504,000 after buying an additional 451,650 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Banco Bilbao Viscaya Argentaria by 42.1% in the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock worth $34,539,000 after buying an additional 439,098 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About Banco Bilbao Viscaya Argentaria

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.