BBVA Q1 2026 Earnings: €2.99 Billion Profit and €1.46 Billion Share Buyback Announcement

Banco Bilbao Vizcaya Argentaria (BBVA) reported strong first quarter 2026 results with net attributable profit of €2.99 billion, representing a 14.1% year-over-year increase at constant exchange rates (10.8% in current euros). The bank announced it will begin the final tranche of its extraordinary share buyback program early next week, with a maximum amount of €1.46 billion, bringing total buybacks since December to nearly €4 billion. Key performance highlights include 17% growth in customer loans at constant exchange rates, net interest income growth of 20.2% to €7.54 billion, and robust profitability metrics with ROTE at 21.7%. The CET1 capital ratio reached 12.83%, exceeding the target range of 11.5-12%. Geographically, Mexico and Spain showed strong performance with profit growth of 4.5% and 8.1% respectively, while Turkey saw a 66.1% profit increase. The bank also highlighted progress in its AI transformation strategy with eight initiatives across the value chain.