Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

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 NYSE BBVA traded up $1.94 during mid-day trading on Thursday, reaching $27.59. The company’s stock had a trading volume of 3,161,670 shares, compared to its average volume of 1,853,230. The stock has a fifty day moving average of $24.42 and a two-hundred day moving average of $23.38. Banco Bilbao Viscaya Argentaria has a 52 week low of $16.44 and a 52 week high of $27.60. The firm has a market capitalization of $157.54 billion, a PE ratio of 13.14, a P/E/G ratio of 0.75 and a beta of 0.80.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 103.0% during the first quarter. AQR Capital Management LLC now owns 125,927 shares of the bank’s stock worth $1,715,000 after buying an additional 63,880 shares during the period. Jane Street Group LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 104.6% during the first quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock valued at $2,474,000 after buying an additional 92,843 shares during the period. Focus Partners Wealth raised its position in shares of Banco Bilbao Viscaya Argentaria by 4.3% in the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock worth $244,000 after acquiring an additional 732 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 9.5% during the second quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank’s stock valued at $370,000 after buying an additional 2,090 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Banco Bilbao Viscaya Argentaria by 44.0% during the second quarter. Russell Investments Group Ltd. now owns 72,881 shares of the bank’s stock valued at $1,120,000 after acquiring an additional 22,284 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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