Banco Bilbao Vizcaya Argentaria, S.A.
- Open
- 29.43
- Day high
- 29.45
- Day low
- 29.31
- Prev close
- 29.16
- Volume
- 142K
- Mkt cap
- $162.3B
- P/E (TTM)
- 13.5
- EPS (TTM)
- $2.18
- P/B
- 2.4
- P/S
- 2.9
- Yield
- 3.43%
- Per share
- $1.01
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Financial Services company listed on NYSE. The stock is up 61% over the past year. Drillr has 1 published research article covering BBVA.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BBVA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.59 | $0.63 | +6.8% | $12.1B | +1.2% |
| Apr 30, 2026 | $0.57 | $0.60 | +5.3% | $12.5B | +6.1% |
| Feb 5, 2026 | $0.50 | $0.50 | +0.0% | $11.5B | +0.1% |
| Oct 30, 2025 | $0.48 | $0.49 | +2.1% | $21.0B | +97.2% |
| Jul 31, 2025 | $0.47 | $0.52 | +10.6% | $10.3B | -0.6% |
| Mar 14, 2025 | — | $0.41 | — | $8.5B | — |
| Oct 31, 2024 | $0.48 | $0.52 | +9.0% | $9.6B | +2.0% |
| Jul 31, 2024 | $0.52 | $0.56 | +6.3% | $8.8B | -5.2% |
| Jan 30, 2024 | $0.40 | $0.39 | -2.7% | $7.1B | -10.8% |
| Jul 28, 2023 | $0.34 | $0.36 | +5.3% | $14.8B | +95.1% |
| Apr 27, 2023 | $0.31 | $0.31 | +0.0% | $7.6B | +0.1% |
| Feb 1, 2023 | $0.29 | $0.26 | -10.7% | $7.0B | +0.3% |
Banco Bilbao Vizcaya Argentaria, S.A. company profile
Overview
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a Spanish multinational banking and financial services company founded in 1857 and headquartered in Bilbao, Spain. The bank was formed through the merger of Banco Bilbao and Banco Vizcaya in 1988, later acquiring Argentaria in 1999 to create the current entity. BBVA has evolved into one of the largest financial institutions in the Spanish-speaking world, with significant operations across Spain, Mexico, South America, Turkey, and the United States. The bank operates through a network of over 6,000 branches and nearly 30,000 ATMs globally, serving millions of customers through both traditional and digital banking channels.
Business
BBVA operates as a diversified banking institution providing comprehensive financial services across multiple geographic markets. The company's core business revolves around traditional banking activities including retail banking, wholesale banking, and asset management services. The bank's retail banking operations form the foundation of its business, offering everyday banking products such as current accounts, savings accounts, time deposits, and various types of loans including mortgages, personal loans, and credit cards. These services cater to individual consumers and small businesses who need basic financial services for their daily operations and long-term financial planning. BBVA's wholesale banking division serves larger corporate clients and institutional customers, providing corporate and investment banking services including commercial lending, trade finance, treasury services, and capital markets activities. This segment helps businesses manage their complex financial needs, from working capital financing to sophisticated hedging strategies. The company also operates in asset management and insurance, managing pension funds, investment funds, and offering various insurance products. Additionally, BBVA provides real estate services and has been investing heavily in digital transformation and sustainable finance initiatives. Geographically, BBVA's operations can be divided into four main segments: Spain (representing approximately 36% of net profit), Mexico (around 51% of net profit), Turkey through its Garanti BBVA subsidiary (about 6% of net profit), and South America including countries like Argentina, Colombia, and Peru (approximately 6% of net profit). The bank also maintains a presence in the United States, primarily serving the Hispanic community.
Revenue model
BBVA generates revenue through multiple traditional banking revenue streams. The primary source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based business model is fundamental to banking, where BBVA borrows money at lower rates (through customer deposits and wholesale funding) and lends it at higher rates to individuals and businesses. The second major revenue stream comes from fees and commissions, generated through various banking services including account maintenance fees, transaction processing, foreign exchange services, investment advisory fees, insurance product sales, and payment processing. These fee-based revenues are particularly important as they provide more stable income that's less sensitive to interest rate fluctuations. BBVA's customers include individual retail clients, small and medium enterprises (SMEs), large corporations, and institutional investors. The retail segment provides the bulk of deposits and generates steady fee income, while corporate clients typically require larger loan amounts and more sophisticated financial services, often at higher margins. Several factors influence BBVA's profitability margins. Interest rate environments significantly impact net interest margins - rising rates generally benefit banks by allowing them to charge more for loans while deposit costs typically lag. Economic growth in key markets affects loan demand and credit quality, with stronger economies driving loan growth and reducing default rates. Competition from other banks and fintech companies can pressure both lending margins and fee income. Regulatory changes, including capital requirements and potential banking taxes, can impact profitability. Currency fluctuations are particularly important for BBVA given its international exposure, especially to the Mexican peso and Turkish lira. Finally, credit risk cycles affect the bank's cost of risk, with economic downturns typically leading to higher loan loss provisions that reduce profitability.
Competitive moat
BBVA's competitive moat is moderately strong but varies significantly across its geographic markets. The bank's strongest moat exists in Mexico, where it holds a leading market position and benefits from the country's relatively low banking penetration, providing substantial room for growth. BBVA's early investment in digital banking infrastructure and its strong brand recognition in Mexico create meaningful barriers to entry for new competitors. In Spain, BBVA faces a more competitive environment with numerous established banks, though its digital capabilities and comprehensive product suite provide some differentiation. The bank's digital transformation initiatives have been a key focus, with over 75% of customers now using mobile banking and approximately 67% of new customer acquisitions coming through digital channels. This digital leadership provides operational efficiency advantages and improved customer experience. The bank's scale advantages in key markets allow for better cost absorption and more competitive pricing. BBVA's expertise in emerging markets, particularly in Latin America, provides specialized knowledge that's difficult for competitors to replicate quickly. The bank's focus on sustainable finance, having channeled nearly €100 billion in sustainable business, positions it well for the growing ESG-focused market segment. However, BBVA's moat faces several challenges. The banking industry is increasingly commoditized, with fintech disruption threatening traditional banking relationships, particularly in payments and lending. Regulatory pressures continue to increase compliance costs and limit pricing flexibility. The bank's exposure to emerging markets, while providing growth opportunities, also introduces political and economic volatility risks that can erode competitive advantages. Additionally, the proposed acquisition of Banco Sabadell, while potentially strengthening BBVA's position in Spain, faces regulatory uncertainty and integration risks that could distract from core business execution.
Risks & safety
BBVA demonstrates a solid margin of safety with strong capital ratios and manageable debt levels, though typical banking metrics apply differently than for industrial companies. **Capital and Solvency:** - CET1 ratio of 13.09% (Q1 2025) well above regulatory minimums and management's 11.5-12% target range - Strong liquidity position with €66 billion in cash and short-term investments - Total equity of approximately €65 billion providing substantial loss absorption capacity **Debt and Leverage:** - Debt-to-equity ratio of 1.96 reflects typical banking leverage structure where deposits constitute the primary "debt" - Banking operations are inherently leveraged, making traditional debt metrics less applicable - Strong deposit base provides stable, low-cost funding **Valuation Metrics:** - Price-to-earnings ratio of 7.0x appears reasonable for a major bank - Price-to-book ratio of 1.37x suggests modest premium to book value - Return on equity of 4.9% (trailing) with management targeting high-teens return on tangible equity **Other Considerations:** - Diversified geographic exposure reduces concentration risk but increases currency volatility - Strong profitability trends with net income growing significantly over recent years - Regulatory capital buffers provide cushion against economic downturns
Recent development
Over the past few years, BBVA has undergone significant strategic transformation focused on digital leadership, sustainable finance, and profitable growth. The bank has successfully positioned itself as a digital banking leader, with over 75% of customers now using mobile banking platforms and approximately two-thirds of new customer acquisitions occurring through digital channels. This digital transformation has enabled BBVA to acquire over 11 million new customers annually while improving operational efficiency. The bank has made sustainability a core strategic pillar, channeling nearly €100 billion in sustainable business and setting specific decarbonization targets for various sectors including aluminum and real estate. This focus on ESG has differentiated BBVA in the market and attracted environmentally conscious customers and investors. BBVA's geographic expansion and optimization strategy has involved strengthening its position in key markets while divesting non-core assets. The bank has maintained its focus on high-growth markets like Mexico, where it continues to gain market share and benefit from nearshoring trends. In Turkey, BBVA has navigated challenging economic conditions while maintaining profitability through Garanti BBVA. The proposed acquisition of Banco Sabadell represents a significant strategic move to strengthen BBVA's position in the Spanish market. Management estimates €850 million in annual synergies from this transaction, including administrative, technology, and personnel savings, while planning to close less than 10% of the combined branch network. BBVA has also focused on capital efficiency and shareholder returns, consistently returning significant capital to shareholders through dividends and share buybacks. The bank achieved record profitability in 2024 with over €10 billion in net attributable profit and has committed to maintaining a 40-50% payout ratio while continuing opportunistic share repurchases.
BBVA company profile · for informational purposes only — not investment advice.
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