Banco Bilbao Viscaya Argentaria (BBVA)
NYSE:BBVA
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Banco Bilbao
(NYSE:BBVA)
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Rating:72Outperform
Price Target:
$22.50
▼(-8.80% Downside)
Action:ReiteratedDate:02/20/26
The score is driven primarily by strong underlying profitability and improved leverage (financial performance) alongside a very constructive earnings outlook and shareholder-return focus from the latest call. Valuation is supportive (moderate P/E and solid yield), while the main offset is weaker near-term technical momentum (negative MACD and trading below key short-term averages).
Positive Factors
High Return on Tangible Equity
Sustained RoTE near 20% indicates BBVA consistently earns high returns on capital, supporting internal capital generation and enabling dividends/buybacks without immediate need for external funding. This enduring profitability provides a durable competitive advantage and resilience across cycles.
Negative Factors
Revenue and Cash-Flow Volatility
Material multi-year revenue swings and an unusual gross profit weakness in 2024 make cash conversion and future earnings less predictable. This volatility complicates medium-term planning for capital returns and investment, and raises forecasting risk for a bank reliant on stable interest/fee income.
Read all positive and negative factors
Positive Factors
Negative Factors
High Return on Tangible Equity
Sustained RoTE near 20% indicates BBVA consistently earns high returns on capital, supporting internal capital generation and enabling dividends/buybacks without immediate need for external funding. This enduring profitability provides a durable competitive advantage and resilience across cycles.
Read all positive factors
Banco Bilbao (BBVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$123.02B
Dividend Yield3.27%
Average Volume (3M)2.20M
Price to Earnings (P/E)11.7
Beta (1Y)0.87
Revenue Growth7.52%
EPS Growth10.40%
CountryUS
Employees124,741
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.51
Shares Outstanding5,708,968,800
10 Day Avg. Volume2,307,438
30 Day Avg. Volume2,204,042
Financial Highlights & Ratios
PEG Ratio18.94
Price to Book (P/B)2.07
Price to Sales (P/S)3.21
P/FCF Ratio8.38
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue2.07
Enterprise Value/Gross Profit4.08
Enterprise Value/Ebitda5.34
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.35
Revenue Forecast (FY)$47.25B
Banco Bilbao Business Overview & Revenue Model
Company Description
Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. Th...
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:Apr 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 | 14.14B | -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
Positive
24.67
Price Trends
22.85
Negative
22.68
Negative
20.11
Positive
Market Momentum
-0.32
Negative
52.31
Neutral
91.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBVA, the sentiment is Positive. The current price of 24.67 is above the 20-day moving average (MA) of 21.17, above the 50-day MA of 22.85, and above the 200-day MA of 20.11, indicating a neutral trend. The MACD of -0.32 indicates Negative momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 91.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $123.02B | 11.69 | 18.53% | 3.27% | 7.52% | 10.40% | |
72 Outperform | $165.75B | 10.97 | 13.89% | 1.85% | -15.34% | 16.71% | |
71 Outperform | $74.93B | 11.24 | 12.46% | 4.14% | 2.20% | -0.17% | |
69 Neutral | $193.46B | 13.57 | 9.31% | 2.48% | -1.09% | 8.53% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $74.06B | 11.28 | 9.41% | 1.71% | 17.50% | 49.25% | |
58 Neutral | $201.61B | 21.83 | 6.71% | 1.94% | -0.62% | 105.57% |
* Financial Sector Average
BBVA
Banco Bilbao
21.92
10.53
92.52%
BCS
Barclays
21.80
9.27
73.97%
C
Citigroup
115.25
57.89
100.93%
ING
ING Groep
26.56
10.57
66.13%
MUFG
Mitsubishi UFJ
17.48
6.66
61.55%
SAN
Banco Santander SA
11.41
5.81
103.86%
Banco Bilbao Corporate Events
BBVA Nears 70% Completion of First Tranche in €1.05 Billion Share Buyback
Feb 17, 2026
On February 16, 2026, BBVA reported progress on the first tranche of its previously announced share buyback program, managed by J.P. Morgan SE. Between February 9 and 13, 2026, the bank continued repurchasing its own shares, bringing the total cas...
BBVA Advances First Tranche of Share Buyback, Reaching Nearly 30% of Target
Jan 20, 2026
On January 19, 2026, BBVA reported the progress of the first tranche of its share buyback program, originally announced as inside information on December 19, 2025. Based on transactions executed between January 12 and January 16, 2026 and managed ...
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.