BBVA Reports Record Q2 Earnings, Announces New Share Repurchase Program
Banco Bilbao Viscaya Argentaria (NYSE: BBVA) reported record second-quarter net attributable profit of €3.062 billion in the quarter and €6.051 billion for the first half of 2026, reflecting strong loan growth, higher core revenues, and improved capital generation. The bank announced a new €2 billion extraordinary share repurchase program following completion of its existing €4 billion buyback initiative. BBVA raised its return-on-tangible-equity target to about 21% for the year and upgraded forecasts in Mexico and South America. However, it increased cost-of-risk guidance for Turkey while maintaining a cautious outlook on that market. The bank's CET1 capital ratio rose to 12.90%, supported by strong earnings and risk-transfer transactions. Net interest income grew 17.8% year over year due to loan expansion, with lending up 17.7% at constant exchange rates. BBVA also reported gains in market share across its key markets, particularly in Spain and Mexico.
Tickers: $BBVA
Topics: banking capital generation profitability share buybacks