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

Key Points

• BBVA beat expectations on both earnings and revenue, reporting $0.60 EPS vs. $0.57 est. and $12.33 billion in revenue, with management highlighting nearly €3.0 billion net profit, EPS €0.51 (+12.5% YoY) and a return on tangible equity of 21.7%.
• Capital and shareholder returns remain a focus: the bank's CET1 ratio is 12.83% and a nearly €4 billion buyback is underway (€2.5bn executed, ~€1.5bn tranche starting May 6), with management committed to returning excess capital above a 12% threshold.
• Asset‑quality risks persist as cost of risk rose to 154bps (including ~€100m post‑model adjustment), with elevated provisioning at Garanti BBVA and a management‑flagged downward bias to guidance amid macro and geopolitical uncertainty.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03, Zacks reports. Banco Bilbao Viscaya Argentaria had a return on equity of 17.69% and a net margin of 28.21%.The business had revenue of $12.33 billion during the quarter, compared to analysts' expectations of $11.78 billion.

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

• Nearly €3.0 billion net attributable profit (up 10.8% YoY), EPS of €0.51 (+12.5% YoY) and industry‑leading return on tangible equity of 21.7%, underscoring a very strong quarter.
• Core revenues were robust — net interest income +20.2% YoY (loan growth ~17%) and fees +15.5% — management says rates appear to have bottomed, implying further NII upside if activity is sustained.
• Capital remains well above targets with a CET1 ratio of 12.83%; the nearly €4 billion buyback program is underway (€2.5bn executed, ~€1.5bn tranche starting May 6) and management reiterates commitment to return excess capital above the 12% CET1 threshold.
• Asset‑quality caution — cost of risk was 154bps including a ~€100m post‑model adjustment (mainly Spain and Turkey); Garanti BBVA (Turkey) shows elevated provisioning and management flags a downward bias to guidance amid macro and geopolitical uncertainty.
• Efficiency improved to 38% (would be 36.8% excluding a one‑off €125m voluntary redundancy charge); operating expenses rose as the bank invests for growth, with expected savings materializing through 2026.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE:BBVA traded down $0.12 during mid-day trading on Friday, reaching $22.01. 740,306 shares of the company's stock traded hands, compared to its average volume of 1,802,989. Banco Bilbao Viscaya Argentaria has a 12-month low of $13.71 and a 12-month high of $26.20. The company has a 50 day moving average price of $22.05 and a 200-day moving average price of $22.28. The firm has a market capitalization of $125.63 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.59 and a beta of 0.86.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, April 27th. Investors of record on Thursday, April 9th were issued a dividend of $0.7084 per share. This represents a yield of 626.0%. The ex-dividend date was Thursday, April 9th. Banco Bilbao Viscaya Argentaria's payout ratio is currently 57.36%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 103.0% in the 1st quarter. AQR Capital Management LLC now owns 125,927 shares of the bank's stock worth $1,715,000 after purchasing an additional 63,880 shares in the last quarter. Jane Street Group LLC increased its stake 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 worth $2,474,000 after acquiring an additional 92,843 shares during the last quarter. Focus Partners Wealth increased its stake in Banco Bilbao Viscaya Argentaria by 4.3% during the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock worth $244,000 after acquiring an additional 732 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 9.5% in the second quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank's stock worth $370,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Banco Bilbao Viscaya Argentaria by 44.0% in the second quarter. Russell Investments Group Ltd. now owns 72,881 shares of the bank's stock worth $1,120,000 after purchasing an additional 22,284 shares during the last quarter. 2.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

BBVA has been the topic of a number of analyst reports. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, April 2nd. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Royal Bank Of Canada downgraded Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 28th. Barclays cut Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold".

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.

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