Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Presents at Goldman Sachs 30th Annual European Financials Conference 2026 Transcript
BBVA Banco Frances NYSE: BBAR reported higher first-quarter 2026 profit as management pointed to resilient revenue, lower funding costs and tight expense control, while cautioning that Argentina's private credit recovery remains gradual.
Most banks build an app and ask customers to come to them. BBVA is trying something different.
Banco Bilbao Vizcaya Argentaria delivered record 2025 results, with net attributable profit of $12.3B and ROTE of 19.3%, but trades above fair value. I rate BBVA as Hold, with a blended target price of $20.25—about 10% below the current share price of $22.38. Shareholder returns remain strong, supported by a $4.64B buyback and a $0.70 dividend, yet these are likely priced in.
Banco Bilbao Vizcaya Argentaria reported a rise in profit on continued lending growth and a steady performance in its largest markets.
Spain's BBVA on Thursday said its first quarter net profit rose 10.8% compared to the same period in 2025 thanks to a solid performance in Mexico.
Garanti BBVA has agreed to sell its entire Romanian business to Austria's Raiffeisen Bank for 591 million euros ($680 million), the Turkish lender said.
The deal is set to make Raiffeisen's Romanian subsidiary the third-largest bank in the country by total assets, the Austrian lender said Saturday.
Austria's Raiffeisen Bank said on Saturday it would buy Garanti BBVA's Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years.
Banco BBVA Argentina faces its most challenging macro cycle phase, with profitability pressured by rising provisions and deteriorating credit quality. Despite short-term pain, I remain constructive on BBAR's long-term thesis, expecting normalization and visible improvement from 2H26 as macro conditions stabilize. BBAR maintains the best credit quality among peers, a strong capital position, and trades at a discounted 1.23x trailing book value, offering optionality as Argentina's cycle turns.
Spain's anti-corruption prosecutor has called for BBVA to be fined 181.8 million euros ($208.16 million) for the bank's alleged role in a spying scandal that has rocked the country's business world, according to a document seen by Reuters.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) Presents at European Financials Conference 2026 Transcript