Banco Bilbao Vizcaya Argentaria earnings: results of 28 October 2026

BBVA, the Spanish bank whose biggest profit contributor is Mexico, made a profit of €3,015 million in the third quarter of 2026, about 19% more than a year earlier. Income from its core lending business grew even faster. Profit slipped slightly from the second quarter because more money was set aside for loans that may not be repaid and costs went up. It gave no new forecast figures for its own results. ¹

Against what analysts expected

Analysts' average forecast, as compiled by Nasdaq's earnings calendar, was $0.62 of earnings per US-listed share for the quarter; the bank reports in euros, so the two figures are not set side by side here. ¹²

The strong points

• Net interest income, what the bank earns on loans minus what it pays on deposits, rose about 22% from a year earlier to €8,079 million. ¹
• Profit for shareholders was €3,015 million, about 19% higher than in the same quarter a year earlier. ¹
• Since October 2025 the bank has bought back €5,953 million of its own shares, on top of its dividends. ¹

The weak points

• Money set aside for loans that may not be repaid rose about 16% from the second quarter, to €1,947 million. ¹
• Over nine months the bank set aside 1.44% of its lending for losses, up from 1.35% a year earlier. ¹
• Nine-month profit rose 13.6%, but only 11.4% once currency movements are removed. ¹

What the company expects

• The bank gave no figures for the next quarter or the year, saying only that it keeps making progress towards the financial targets it set for 2025-2028. ¹
• The second part of its new share buyback, up to €1,000 million, began on 14 October 2026, out of a programme of up to €2,000 million announced in July. ¹

Our verdict on the quarter

A strong report. Profit and lending income grew strongly from a year ago and the bank says it is on track for its targets, held back only by a rise in money set aside for bad loans that trimmed profit from the quarter before.

The results as published

• The results release itself
• The filing it came with (SEC)

Notes

1. Banco Bilbao Vizcaya Argentaria's results release, 28 October 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 29 October 2026. ↩