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Banco Bilbao Vizcaya Argentaria, S.A. files U.S. disclosures as a foreign private issuer, with Form 6-K reports documenting bank results, securities-market notices, capital actions, and governance matters. The filings include quarterly earnings materials, Spanish regulatory communications, board committee composition updates, and information related to ordinary-share buyback programs carried out for share-capital reduction.
BBVA filings also document capital-structure transactions, including senior non-preferred notes and contingent convertible perpetual preferred Tier 1 securities. Related exhibits cover pricing agreements, supplemental indentures, security certificates, legal opinions, tax matters, and incorporation by reference into shelf registration statements, alongside disclosures about solvency capital treatment, risk and compliance oversight, and shareholder-reporting matters.
Banco Bilbao Vizcaya Argentaria (BBVA) reports a strong first quarter of 2026, with net attributable profit of €2,989m, up 14.1% year-on-year. Profit growth was driven mainly by core banking revenues: net interest income rose to €7,537m, a 20.2% increase, and net fees and commissions reached €2,256m, up 15.5% on a constant-currency basis.
Gross income grew 18.3% to €10,652m while operating expenses rose a slower 17.5%, keeping the efficiency ratio at 38.0%. Credit costs increased, with impairments on financial assets up 35.0% and cost of risk at 1.54%, but asset quality indicators remained solid, including a non‑performing loan ratio around mid‑2% and coverage of 86% as of March 2026.
Capital remained a key strength: the fully loaded CET1 ratio improved to 12.83%, above the 11.5%–12.0% target range and well over the 8.98% SREP requirement, supporting ongoing share buybacks and dividend payments. Regionally, Spain and Mexico delivered solid loan growth and profitability, while South America and the Rest of Business units posted strong profit momentum. Management reiterated group financial goals for 2025–2028, including a return on tangible equity above 20% and cumulative net attributable profit of about €48bn.
BBVA generated strong growth in the first quarter of 2026, combining higher profits, solid capital and continued shareholder returns. Net attributable profit reached €2.99 billion, up 14.1% year on year at constant exchange rates, helped by 17% lending growth and robust customer activity, especially in Mexico and Spain.
Net interest income rose 20.2% to €7.54 billion and net fees and commissions increased 15.5% to €2.26 billion, lifting gross income to €10.65 billion, up 18.3%. Operating income grew 18.7% to €6.60 billion as revenues outpaced expenses, improving the efficiency ratio to 38%.
Profitability remained high, with ROE at 20.7% and ROTE at 21.7%. Asset quality indicators were sound: the non‑performing loan ratio improved to 2.6% and the loan coverage ratio reached 86%, although impairments on financial assets rose 35% year on year to €1.82 billion as credit volumes increased. The cost of risk stood at 1.54%.
BBVA’s CET1 ratio climbed to 12.83%, above its 11.5%–12% target range, supporting continued capital distributions. The bank plans to start the final tranche of its extraordinary share buyback program early next week, with a maximum amount of €1.46 billion, bringing total repurchases since last December to nearly €4 billion.
BBVA generated a net attributable profit of €2,989 million in Q1 2026, up 10.8% year-on-year, driven by strong recurring banking revenues. Net interest income rose to €7,537 million (up 17.8%), while gross income reached €10,652 million, growing faster than operating costs.
The efficiency ratio improved to 38.0%, and return on equity was a high 20.7%. Credit quality remained solid, with a cost of risk of 1.54%, an NPL ratio of 2.6% and an NPL coverage ratio of 86%. The fully loaded CET1 ratio stood at 12.83%, comfortably above the 8.98% requirement and the Group’s 11.5–12.0% target range.
By business area, net attributable profit reached €1,095 million in Spain, €1,453 million in Mexico, €263 million in Turkey, €249 million in South America and €236 million in Rest of Business. The bank continued returning capital with cash dividends totaling €0.92 per share on 2025 results and share buybacks of 129.3 million shares for €3,493 million across 2025–2026.
BBVA reports stronger results for the three months ended March 31, 2026, with profit attributable to the parent rising to €2,989 million, up 10.8% from €2,698 million a year earlier. Net interest income grew 17.8% to €7,537 million, supported by higher loan volumes and spreads, especially in Mexico and Turkey.
Gross income reached €10,652 million, up 14.2%, while higher credit provisions of €1,820 million (up 31.4%) reflected increased impairments in Mexico, Turkey and Argentina. Mexico contributed profit of €1,453 million, Spain €1,095 million, and Turkey €263 million. Group total assets rose to €894,267 million from €859,576 million.
BBVA is also executing a large capital return. A framework share buyback of up to €3,960 million was approved. The first tranche of €1,500 million repurchased 74,963,302 shares (about 1.31% of capital), which have been redeemed via a €36,732,017.98 capital reduction. A second tranche of €1,000 million acquired 52,800,888 shares (about 0.94% of capital), with their cancellation and related capital reduction still pending.
Banco Bilbao Vizcaya Argentaria, S.A. is offering Series 16 non-step-up, non-cumulative contingent convertible perpetual preferred Tier 1 securities with a liquidation preference of $200,000 per Preferred Security. The securities accrue discretionary quarterly distributions and are mandatorily convertible into Common Shares upon a Trigger Event (CET1 ratio below 5.125%) or certain capital reductions. The Preferred Securities are perpetual, rank junior to unsubordinated and most subordinated claims while ranking pari passu with other Additional Tier 1 instruments, and are subject to the exercise of the Spanish Bail-in Power. Distribution payments may be cancelled, are non-cumulative, and conversion will irrevocably release BBVA’s obligations (except certain Spanish tax items). The offering is targeted to institutional/professional investors and excludes retail investors in multiple jurisdictions.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has announced that it will present its Group results for the first quarter of 2026 on April 30, 2026 at 9:30 a.m. Madrid time.
The results presentation will be streamed through BBVA’s website, and a recording will remain available there for at least one month, giving investors and analysts time to review the details after the live event.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports that it has completed the execution of the Second Tranche of its share buyback Program Scheme after reaching the maximum monetary amount of 1,000 million euros communicated for this tranche.
During the Second Tranche, BBVA acquired 52,800,888 own shares, which represent approximately 0.94% of its share capital as of the date of the report. BBVA states that, as previously disclosed, the purpose of this tranche is to reduce its share capital by redeeming all shares acquired.
Banco Bilbao Vizcaya Argentaria (BBVA) received an updated decision from the Bank of Spain, on behalf of the Single Resolution Board, setting new Minimum Requirement for own funds and Eligible Liabilities (MREL) for its resolution group based on data as of December 31, 2024.
BBVA must maintain MREL equal to 23.94% of risk-weighted assets (RWAs) and 8.96% of total leverage exposure, with subordinated instruments covering 13.50% of RWAs and 5.56% of leverage exposure. A separate combined capital buffer of 3.72% of RWAs also applies. The bank states that its current capital and eligible liabilities structure already meets all these requirements.