Banco Bilbao Vizcaya Argentaria (BBVA) reported strong first-half 2026 performance, with profit attributable to the parent of €6,051 million, up from €5,447 million a year earlier. Net interest income rose to €15,164 million and net interest margin reached 3.29% on average assets of €928,324 million.
Total assets were €965,426 million as of June 30, 2026, with loans and advances to customers of €558,397 million, led by Mexico (€113,358 million), South America (€68,856 million) and Turkey (€54,948 million). Foreign operations represented about half of average assets and over 40% of liabilities.
Credit quality remained contained: the allowance for credit losses was 2.32% of loans at amortized cost and the impaired-loan ratio was 2.72%. BBVA also advanced substantial capital return, completing multiple tranches of a €3,960 million share buyback framework and approving a new €2,000 million framework to reduce share capital.
Banco Bilbao Vizcaya Argentaria reported higher 2Q26 and 6M26 results, with net attributable profit of €3,062M in the quarter, up 11.4% year on year, and €6,051M for 6M26, up 10.0%. Earnings per share were €0.53 in 2Q26 under IAS 33, 15.2% higher year on year.
Growth was broad-based. In 2Q26, net interest income reached €7,627M (+17.8% year on year) and net fees and commissions €2,316M (+16.2%), supporting gross income of €10,506M (+15.7%). The group highlighted a best‑in‑class efficiency ratio of 37.8% and return on tangible equity of 22.2%.
Asset quality was described as sound, with total loan growth of 17.7% versus June 2025 and resilient metrics across Spain, Mexico, Turkey and South America. The fully loaded CET1 ratio stood at 12.90%, above the 11.5%–12.0% target range. BBVA is executing a c.4.0 billion € share buyback approved in December 2025 and a new 2.0 billion € programme in tranches, and stated it remains aligned with 2025–2028 financial goals and 2026 guidance, including Mexico loan growth around 10% and group ROTE around 21%.
Banco Bilbao Vizcaya Argentaria (BBVA) posted a record net attributable profit of €6.05 billion in the first half of 2026, up 11.1 percent year-over-year, or 10.0 percent at constant exchange rates. Results were driven by strong recurring revenue and 17.7 percent loan growth at constant exchange rates. Net interest income reached €15.16 billion (up 18.8 percent) and fees and commissions €4.57 billion (up 15.8 percent), lifting gross income to €21.16 billion and operating income to €13.16 billion. ROTE was 22.2 percent and tangible book value per share plus dividends rose 21.8 percent to €11.06.
Risk indicators remained solid, with a non‑performing loan ratio of 2.6 percent, coverage ratio of 85 percent and cost of risk of 1.43 percent. The CET1 ratio stood at 12.90 percent, above the 11.5–12 percent target range. BBVA announced a new €2 billion extraordinary share buyback program, with a first €1 billion tranche starting on August 5, in addition to a nearly €4 billion program already under way. All major regions contributed, including Spain (€2.17 billion profit), Mexico (€2.98 billion), Türkiye (€532 million) and South America (€556 million).
Banco Bilbao Vizcaya Argentaria reported strong first‑half 2026 results, with net attributable profit of €6,051 million, up 11.1% year on year, driven by net interest income of €15,164 million, up 20.3%. Gross income rose 17.3% while operating income increased 17.0%, despite operating expenses rising 17.9% and loan‑loss provisions 26.6% as loan volumes expanded.
Total assets reached €965,426 million and customer funds €776,785 million, supported by 10.6% loan growth, especially in business lending. Asset quality remained solid, with a 2.6% NPL ratio and 1.43% cost of risk. Capital was robust: the CET1 ratio stood at 12.90%, well above the 8.98% requirement and above the 11.5–12.0% management range. Profitability stayed high with 21.1% ROE and 22.2% ROTE, while the bank combined a €0.92 cash dividend per 2025 share with ongoing share buybacks under a €3,960 million framework and a newly approved €2,000 million program.
Banco Bilbao Vizcaya Argentaria (BBVA) has received authorization from the European Central Bank to buy back and cancel its own shares for a maximum aggregate amount of 2,000 million euros. This authorization, obtained on 16 July 2026, allows execution in one or several transactions until 16 July 2027, and the full amount has already been deducted from BBVA's individual and consolidated Common Equity Tier 1 (CET1) capital.
After receiving this authorization, the board, using powers delegated by shareholders on 20 March 2026, approved on 29 July 2026 a new multi-tranche share buyback program for up to 2,000 million euros to reduce share capital, with the option to suspend or terminate it early. A first tranche will follow detailed trading-day conditions, with possible postponements for excluded or disrupted days up to 23 October 2026, and all purchases and any suspension or completion will be publicly disclosed under EU market abuse regulations.
Banco Bilbao Vizcaya Argentaria (BBVA) is renewing its leadership team to drive transformation in an environment shaped by the profound impact of artificial intelligence on its business, ways of working and the customer experience. The newly appointed executives are drawn from within the Group and the structure is simplified to integrate related functions.
Several long-serving leaders are stepping down from executive roles, with BBVA expressing deep appreciation and expecting them to remain linked to the Group, including through boards of subsidiaries. Risk Management and Compliance & Internal Control will have direct access to the Board of Directors. As a general rule, the organizational changes take effect on September 1, after required regulatory procedures.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports further progress on the third tranche of its share buyback program. Based on information from Citigroup Global Markets Europe AG, BBVA executed additional repurchases of its shares between 20 July and 24 July 2026 (both inclusive).
The cash amount of shares purchased to date under this Third Tranche is 1,295,054,815.83 Euros, which BBVA states represents approximately 88.70% of the maximum cash amount allocated to this tranche. The program is being carried out pursuant to Article 5 of Regulation (EU) No. 596/2014 on market abuse.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) plans to present its Group results for 2Q 2026 on July 30, 2026 at 9:30 a.m. (Madrid Time). The presentation will be accessible through BBVA’s website.
A recording of the event will be available on the same site for at least one month, providing investors and analysts with ongoing access to the results presentation.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports progress on the third tranche of its share buyback program. Based on information from the Third Tranche manager, Citigroup Global Markets Europe AG, BBVA details transactions in its own shares carried out between 13 July and 17 July 2026.
The cash amount of BBVA shares purchased to date in this Third Tranche is 1,175,626,315.83 Euros, which BBVA states represents 80.52% of the maximum cash amount allocated to this tranche.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reported progress on the third tranche of its share buyback program. Based on trades managed by Citigroup Global Markets Europe AG between 1 and 3 July 2026, the cash amount of BBVA shares purchased to date in this tranche is 918,347,400.83 Euros, representing approximately 62.90% of the tranche’s maximum cash amount.