Banco Bilbao Viscaya Argentaria (BBVA)
NYSE:BBVA
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Banco Bilbao
(NYSE:BBVA)
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Rating:75Outperform
Price Target:
$26.00
▲(5.39% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by solid financial performance (strong profitability and improved leverage, but with notable volatility in revenue/cash flows) and constructive technicals. Valuation is a meaningful positive due to the low P/E and strong dividend yield.
Positive Factors
High and Consistent Returns on Equity
Sustained mid-to-high‑teens-plus returns indicate durable earnings power and efficient capital use across cycles. High ROE/ROTE reflects profitable lending, fee businesses and cost control, supporting long‑term shareholder returns and internal capital generation for growth and buffers.
Negative Factors
Volatile Cash Flow and Revenue History
Intermittent negative operating and free cash flow across recent years reduces certainty about cash conversion and resilience. Even with strong TTM cash generation, this volatility complicates capital planning, dividend sustainability and the bank's ability to smooth provisions or absorb stress without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
High and Consistent Returns on Equity
Sustained mid-to-high‑teens-plus returns indicate durable earnings power and efficient capital use across cycles. High ROE/ROTE reflects profitable lending, fee businesses and cost control, supporting long‑term shareholder returns and internal capital generation for growth and buffers.
Read all positive factors
Banco Bilbao (BBVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$124.92B
Dividend Yield3.27%
Average Volume (3M)1.49M
Price to Earnings (P/E)10.1
Beta (1Y)0.87
Revenue Growth-10.12%
EPS Growth13.24%
CountryUS
Employees124,741
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.75
Shares Outstanding5,634,005,400
10 Day Avg. Volume1,451,852
30 Day Avg. Volume1,485,254
Financial Highlights & Ratios
PEG Ratio18.94
Price to Book (P/B)2.07
Price to Sales (P/S)3.21
P/FCF Ratio9.00
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue2.61
Enterprise Value/Gross Profit5.15
Enterprise Value/Ebitda6.73
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.36
Revenue Forecast (FY)$47.97B
Banco Bilbao Business Overview & Revenue Model
Company Description
Banco Bilbao Vizcaya Argentaria, S.A., established in Bilbao, Spain, in 1857, operates as a comprehensive global financial services provider through its various subsidiaries. The institution specializes in retail banking, wholesale banking, and as...
How the Company Makes Money
BBVA makes money mainly by earning interest income and fees from providing banking and financial services, supplemented by results from trading/market activities and commissions from asset and insurance-related distribution.
1) Net interest incom...
Banco Bilbao Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call portrays a strongly positive operational and financial performance for 2025: record profit, very strong loan and fee growth, best‑in‑class efficiency metrics, broad market share gains, large customer acquisition and robust country results (Spain, Mexico, South America, Rest of Business). Headwinds include spread compression from falling rates, higher RWAs from rapid growth, some country-specific one-offs (Turkey tax change) and above-inflation cost growth driven by investments and base effects. Management emphasizes disciplined capital deployment, continued shareholder returns (dividend and buyback), and confidence in meeting midterm targets, while noting sensitivities to macro (rates, inflation, FX) in certain markets.Positive Updates
Record Net Profit
Net attributable profit reached a record EUR 10.5 billion in 2025, up 4.5% year-over-year in current euros.
Negative Updates
Falling Interest Rates Impact
Lower interest rates in core markets (Spain and Mexico) weighed on customer spreads and margins; average customer spread declined c.41 basis points, requiring careful pricing and mix management.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Net Profit
Net attributable profit reached a record EUR 10.5 billion in 2025, up 4.5% year-over-year in current euros.
Read all positive updates
Company Guidance
Management guided that 2026 should see continued strong activity-driven revenue and loan growth with group return on tangible equity around 20% (above 2025), a cost-to-income ratio below 40% (with a mid‑term ambition ~35% by 2028) and cost of risk broadly aligned with 2025 (group cost of risk ~139 bps in 2025); they expect solid NII and overall revenue growth (Mexico NII guided mid‑ to high single digits), sustained loan growth across geographies, and disciplined costs (Spain/Centre affected by base effects but underlying cost growth ~3–4%); capital targets remain to return excess above a 12% CET1 (CET1 was 13.75% pre‑distributions and 12.70% after the announced EUR 4bn buyback that reduces CET1 by ~105 bps), with a regular 2025 payout of EUR 5.2bn (50% payout, EUR 0.92/sh — EUR 0.60 final + EUR 0.32 already paid) and execution of the EUR 4bn extraordinary buyback (EUR 993m executed plus a EUR 1.5bn tranche in progress); management reiterated mid‑term financial targets (cumulative ~EUR 48bn net profits and ~EUR 36bn capital returned over 2025–28) and expects SRT/RWA relief of roughly 30–40 bps per year while gross income and core lines should continue to benefit from the strong 2025 momentum (2025: net attributable profit EUR 10.5bn, EPS EUR 1.78, gross income +16.3% constant euros with NII +13.9% and fees +14.6%, loans +16.2% constant euros, 11.5m gross new customers).Banco Bilbao Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.93B | 35.48B | 58.19B | 40.37B | 31.32B |
| Gross Profit | 30.86B | -6.66B | 28.97B | 24.68B | 19.97B |
| EBITDA | 17.75B | 16.94B | 13.82B | 11.60B | 8.48B |
| Net Income | 10.51B | 10.05B | 8.02B | 6.36B | 4.65B |
Balance Sheet | |||||
| Total Assets | 859.58B | 772.40B | 775.56B | 712.09B | 662.88B |
| Cash, Cash Equivalents and Short-Term Investments | 275.94B | 153.57B | 177.95B | 178.37B | 134.96B |
| Total Debt | 81.84B | 144.43B | 179.35B | 114.64B | 116.09B |
| Total Liabilities | 797.78B | 712.39B | 720.29B | 661.57B | 614.13B |
| Stockholders Equity | 57.36B | 55.65B | 51.70B | 46.90B | 43.91B |
Cash Flow | |||||
| Free Cash Flow | 13.16B | -19.39B | -2.54B | 21.28B | -2.19B |
| Operating Cash Flow | 14.97B | -18.19B | -721.00M | 23.72B | -1.24B |
| Investing Cash Flow | -1.40B | -1.42B | -1.42B | -3.91B | -1.63B |
| Financing Cash Flow | -3.67B | -2.57B | -1.84B | -7.56B | -4.35B |
Banco Bilbao Technical Analysis
Negative
24.67
Price Trends
22.34
Negative
22.39
Negative
21.19
Positive
Market Momentum
0.08
Positive
45.13
Neutral
15.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBVA, the sentiment is Negative. The current price of 24.67 is above the 20-day moving average (MA) of 22.56, above the 50-day MA of 22.34, and above the 200-day MA of 21.19, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 45.13 is Neutral, neither overbought nor oversold. The STOCH value of 15.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BBVA.
Banco Bilbao Risk Analysis
Banco Bilbao disclosed 22 risk factors in its most recent earnings report. Banco Bilbao reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Banco Bilbao Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $124.92B | 10.08 | 18.94% | 3.27% | -10.12% | 13.24% | |
71 Outperform | $82.04B | 11.26 | 12.71% | 4.14% | 10.57% | 19.15% | |
68 Neutral | $221.78B | 14.27 | 11.49% | 2.48% | 3.82% | 34.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $228.73B | 14.49 | 7.53% | 1.94% | 3.02% | 27.74% | |
64 Neutral | $177.06B | 9.49 | 15.73% | 1.85% | -14.46% | 36.76% | |
62 Neutral | $80.71B | 8.44 | 9.46% | 1.71% | 12.95% | 21.64% |
* Financial Sector Average
BBVA
Banco Bilbao
22.02
7.41
50.72%
BCS
Barclays
23.64
6.43
37.38%
C
Citigroup
133.38
56.74
74.03%
ING
ING Groep
28.71
8.67
43.24%
MUFG
Mitsubishi UFJ
19.67
6.11
45.06%
SAN
Banco Santander SA
11.92
4.10
52.51%
Banco Bilbao Corporate Events
BBVA Prices $1.25 Billion 4.968% Senior Non-Preferred Notes Due 2031 in U.S. Market
May 8, 2026
BBVA has filed a Form 6-K in the United States detailing the issuance and sale of U.S.$1.25 billion of 4.968% Senior Non-Preferred Fixed Rate Notes due 2031. The transaction, documented through a pricing agreement dated April 30, 2026 and a supple...
BBVA Raises $1 Billion via New Contingent Convertible AT1 Issue
May 8, 2026
On May 8, 2026, BBVA filed a report in the United States detailing the issuance and sale of $1 billion in Series 16 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities. These Additional Tier 1 instruments can co...
BBVA Launches $1 Billion AT1 Contingent Convertible Issue Ahead of NYSE Listing
Apr 30, 2026
BBVA, the Madrid-based global banking group, has approved a new issue of preferred securities contingently convertible into newly issued ordinary shares, with a total nominal amount of $1 billion. The instruments are designed to qualify as Additio...
BBVA Refreshes Key Board Committees to Strengthen Oversight
Apr 30, 2026
On April 29, 2026, BBVA’s Board of Directors approved changes to the composition of several key board committees, reshaping the Audit, Remuneration, and Risk and Compliance Committees while leaving other strategic committees unchanged. The r...
BBVA Launches €1.46 Billion Third Tranche of Share Buyback to Cut Capital
Apr 30, 2026
On April 29, 2026, BBVA’s board approved a third tranche of its ongoing share buyback program, aiming to cancel the repurchased shares and thereby reduce the bank’s share capital. The decision, disclosed on April 30, 2026, underscores ...
BBVA Delivers Strong Profit and Capital Gains in First-Quarter 2026
Apr 30, 2026
On April 30, 2026, BBVA reported first-quarter 2026 results showing a very strong performance in profit generation and capital. Net attributable profit reached €2.99 billion, up 14.1% year on year at current exchange rates, while earnings pe...
BBVA Lifts Q1 2026 Profit 11% and Readies Final €1.46 Billion Buyback Tranche
Apr 30, 2026
BBVA, the Spanish multinational bank, reported strong first-quarter 2026 results, with net profit reaching €2.99 billion, up 10.8% year-on-year (14.1% at constant exchange rates), driven by 17% loan growth and more than 20% growth in net int...
BBVA Delivers Double-Digit Profit and Balance-Sheet Growth in First Quarter 2026
Apr 30, 2026
BBVA reported strong first‑quarter 2026 results for the period January to March, with total assets rising 15.7% year-on-year to €894.3bn and gross customer loans up 14.7% to €491.6bn, underpinned by broad-based business growth. N...
BBVA Files Q1 2026 Form 6-K, Highlighting Heightened Macro and Geopolitical Risks
Apr 30, 2026
BBVA has filed a Form 6-K with the U.S. Securities and Exchange Commission for the three months ended March 31, 2026, providing an operating and financial review and unaudited condensed interim consolidated financial statements. The filing, which ...
BBVA Files Updated Amended and Restated Bylaws with U.S. SEC
Apr 29, 2026
Banco Bilbao Vizcaya Argentaria, S.A. has filed a Form 6-K with the U.S. Securities and Exchange Commission for April 2026, providing investors with an English translation of its amended and restated corporate bylaws. The filing, dated April 29, 2...
BBVA Nears Halfway Mark in Second Tranche of Share Buyback as of Early April 2026
Apr 6, 2026
On April 6, 2026, BBVA disclosed operational details of the second tranche of its share buyback programme, managed by Citigroup Global Markets Europe AG. Between March 30 and April 2, 2026, the bank continued repurchasing its own shares on the mar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.