Banco Bilbao Vizcaya Argentaria stock: profit tops EUR 9 billion

On Thursday, October 29, 2026, Banco Bilbao Vizcaya Argentaria reported record net attributable profit of EUR 9.07 billion for the first nine months of the year. According to the BBVA earnings release, profit increased 13.6 percent year over year in current euros, while earnings per share rose 17.5 percent after share buybacks.

Lending remains the central growth driver

Customer lending increased 20.4 percent year over year in constant euros at the end of September. Lending rose 7.3 percent in Spain and 12 percent in Mexico, BBVA's two main markets, while net interest income increased 17.8 percent to EUR 23.24 billion.

Mexico generated EUR 4.52 billion of net attributable profit, up 8.4 percent year over year. Spain contributed EUR 3.11 billion, while South America generated EUR 821 million. The bank said recurring revenue from net interest income and fees reached EUR 30.15 billion, an increase of 17 percent.

Capital and shareholder returns

BBVA's CET1 ratio stood at 12.21 percent at the end of September, above its target range of 11.5 to 12 percent. The bank paid a gross interim dividend of EUR 0.37 per share on October 15 and has started the second EUR 1 billion tranche of a EUR 2 billion extraordinary buyback program.

For investors, the results combine strong loan expansion with continued capital distribution. The reported cost of risk was 1.44 percent and the non-performing-loan ratio was 2.6 percent, keeping credit quality in focus as lending expands.

Global banking model and peers

BBVA is a global financial group focused on retail and commercial banking, corporate and investment banking, payments, asset management and digital services. Its main franchises are in Spain, Mexico, Türkiye and South America, with specialized corporate services in the United States and Asia. In Spain and Mexico, it competes with Banco Santander and CaixaBank, while its corporate and investment-banking ambitions remain smaller in scale and product breadth than global banks such as JPMorgan Chase. The bank is using its geographic network and digital platform to deepen cross-border business, particularly between Mexico, South America, Europe and the United States.

European banking stocks remain sensitive to interest-rate expectations, credit trends and capital returns. See the latest Euro Stoxx 50 market reports for the broader regional setting.

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