BBVA Cancels 75 Million Treasury Shares in Partial Capital Reduction

Banco Bilbao ( (BBVA) ) has provided an announcement.

BBVA has executed a partial share capital reduction approved at its March 20, 2026 shareholders’ meeting by cancelling 74,963,302 treasury shares with a nominal value of €0.49 each, cutting its share capital by €36.7 million. Following this operation, BBVA’s share capital stands at approximately €2.76 billion, represented by about 5.63 billion shares, without any cash outflow to shareholders since the cancelled shares were already held in treasury.

The cancelled shares were acquired under the first tranche of BBVA’s previously announced share buyback programme, and the reduction is booked against freely distributable reserves with a specific retired-capital reserve, meaning creditors do not gain opposition rights under Spanish company law. BBVA will also seek the formal delisting of the cancelled shares and their removal from IBERCLEAR’s accounting records, reinforcing the impact of the buyback on the bank’s capital structure and potentially enhancing value per remaining share.

The most recent analyst rating on (BBVA) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Banco Bilbao stock, see the BBVA Stock Forecast page.

More about Banco Bilbao

Banco Bilbao Vizcaya Argentaria (BBVA) is a Spain-based global banking group that offers retail and commercial banking, corporate and investment banking, and other financial services. The bank focuses on both domestic and international markets, maintaining a significant presence in Europe and Latin America and targeting a broad base of retail and institutional clients.

Average Trading Volume: 2,240,717

Technical Sentiment Signal: Buy

Current Market Cap: $127.9B

Find detailed analytics on BBVA stock on TipRanks’ Stock Analysis page.