Recent Updates — BBVA
Banco Bilbao Vizcaya Argentaria reported third-quarter 2026 results characterized by sustained profitable growth, with net interest income rising due to robust lending activity in Spain and Mexico. The bank highlighted a positive efficiency ratio and stable asset quality metrics despite higher impairments in Turkey. Capital position remains strong with a CET1 requirement set at 9.36% effective January 1, 2027, following the Supervisory Review and Evaluation Process. BBVA continues to advance its AI transformation strategy while maintaining solid core revenue trends across its global business areas. The company operates as an international banking group providing financial services in Europe, Latin America, and other regions.
BBVA reported a net attributable profit of €9.07 billion for the first nine months of 2026, an increase of 13.6 percent year-over-year (up 11.4 percent in constant euros). Earnings per share rose 17.5 percent, supported by share buybacks and strong recurring revenue from net interest income and fees. Lending grew by 20.4 percent year-over-year in constant euros, with significant expansion in Spain, Mexico, Türkiye, and South America. The bank maintained a CET1 capital ratio of 12.21 percent and an efficiency ratio of 37.9 percent. Additionally, shareholders received a gross cash dividend of €0.37 per share on October 15, representing the highest interim dividend in the bank's history. BBVA operates as a global financial group providing banking services to families, entrepreneurs, and businesses across Europe, Latin America, and other regions.
The European Central Bank communicated BBVA's minimum capital requirements for the year 2027 following the Supervisory Review and Evaluation Process (SREP). Effective January 1, 2027, BBVA must maintain a consolidated CET1 ratio of 9.36% and a total capital ratio of 13.60%. At the individual level, the bank is required to hold a CET1 ratio of 7.75% and a total capital ratio of 11.25%. These requirements include a Pillar 2 requirement of 1.70%, with at least 0.96% met with CET1 capital. BBVA operates as a multinational financial services company providing banking, investment, and insurance products globally.
Banco Bilbao Vizcaya Argentaria executed share repurchases between October 19 and 23, 2026, as part of the second tranche of its ongoing buyback program. The total cash amount spent on shares purchased to date under this specific tranche reached €151,046,284.95, representing approximately 15.10% of the maximum authorized cash limit for the Second Tranche. This disclosure fulfills regulatory requirements regarding inside information and market abuse regulations in compliance with European Union legislation. The company operates as a global financial services provider offering banking, insurance, asset management, and investment banking products.
Morningstar DBRS upgraded Banco Bilbao Vizcaya Argentaria, S.A.'s long-term senior issuer credit rating by one notch to AA (low) from A (high), changing the outlook from positive to stable. The agency also upgraded BBVA's long-term senior debt and subordinated debt ratings by one notch each, and its long-term deposits rating by one notch, while confirming several short-term and critical obligations ratings at their previous levels with stable outlooks. Banco Bilbao Vizcaya Argentaria operates as a global financial services group providing banking and financial products.