Banco Bilbao Vizcaya Argentaria, S.A. · BBVA · FY2026 Q3 · Calendar Q4 2026
BBVA sustains strong growth and profitability in Q3
BBVA's Q3 analysis supports a constructive operating picture: loan growth accelerated across key markets, profitability remained high and AI initiatives are showing measurable productivity gains. The main constraints are funding costs, market-sensitive trading income, credit risk in Turkey and Argentina, and higher capital requirements.
Earnings scorecard
Reported versus consensusMarket reaction
close-to-close (session unavailable)Ask FN2 about BBVA FY2026 Q3
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, loan growth accelerated, profitability remained robust and the bank continued its €2bn extraordinary buyback. The current analysis also cites an AI voice-assistant pilot with about 90% successful resolution and expects a larger SRT contribution in Q4. Guidance was maintained rather than raised.
Guidance delta
Maintained. The analysis says management reaffirmed its guidance; it does not identify a new numerical guidance change.
Key takeaways
- Loan growth accelerated across Spain, Mexico and other markets, supporting higher net interest income.
- Profitability remained strong, with the analysis highlighting 20.8% ROE and 22% RoTE.
- Management continued the €2bn extraordinary buyback and described further AI rollout.
- The supplied scorecard contains no reported EPS or revenue actuals.
Management priorities
- Scale AI use cases through the bank's frame industrialisation platform.
- Continue the €2bn buyback programme and dividend growth.
- Expand cross-border corporate banking and deepen activity in Italy and Germany.
- Increase SRT activity to support the CET1 ratio.
Follow BBVA with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationBanco Bilbao Vizcaya Argentaria, S.A., established in Bilbao, Spain, in 1857, operates as a comprehensive global financial services provider through its various subsidiaries. The institution specializes in retail banking, wholesale banking, and asset management. Its extensive product offerings include everyday current accounts, a variety of deposit options such as demand, savings, overnight, time, term, and subordinated deposits, along with numerous loan products. BBVA also trades in securities and manages both pension and investment funds. Additional services encompass credit cards, corporate and investment banking solutions, insurance products, and real estate services. The bank delivers these offerings through both online and mobile digital channels. As of December 31, 2021, its physical presence was robust, featuring 6,083 branches and 29,148 ATMs. Geographically, BBVA maintains operations across Spain, Mexico, South America, the United States, Turkey, Asia, and the wider European region.
Financial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| TROW T. Rowe Price Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.3% | T. Rowe Price pairs Q4 flow hopes with ETF and SMA momentum |
| ING ING Groep N.V. | FY2026 Q3 · Calendar Q4 2026 | — | -2.1% | ING pairs strong Q3 execution with costly wholesale restructuring |
| SAN Banco Santander, S.A. | FY2026 Q3 · Calendar Q4 2026 | 0.0% | -6.3% | Santander reaffirms guidance as transformation and integrations progress |
| AON Aon plc | FY2026 Q3 · Calendar Q4 2026 | +1.8% | +4.4% | Aon Q3: 6% organic growth; USI synergies add execution focus |
| BSBR Banco Santander (Brasil) S.A. | FY2026 Q3 · Calendar Q4 2026 | — | -6.2% | Santander Brasil: Growth continues, but NII and credit costs weigh |
| RJF Raymond James Financial, Inc. | FY2026 Q4 · Calendar Q4 2026 | +10.1% | -0.4% | Raymond James posts sixth straight year of record earnings |
Latest beats and misses
Who reports nextBeat on EPS
- KGCFY2026 Q3 · October 28, 2026+8.7% EPS-6.1% move
- GENFY2027 Q2 · October 28, 2026+2.9% EPS+11.2% move
- KLACFY2027 Q1 · October 28, 2026+2.5% EPS+7.3% move
- SANFY2026 Q3 · October 28, 20260.0% EPS-6.3% move
- FFY2026 Q3 · October 28, 2026+19.5% EPS+1.4% move
- EQIXFY2026 Q3 · October 28, 2026+20.0% EPS+5.4% move
Missed on EPS
- AWKFY2026 Q3 · October 28, 2026-2.0% EPS+1.1% move
- CPFY2026 Q3 · October 28, 2026-3.2% EPS-1.9% move
- LIIFY2026 Q3 · October 28, 2026-7.1% EPS-10.6% move
- EXRFY2026 Q3 · October 27, 2026-1.7% EPS+0.1% move
- NOWFY2026 Q3 · October 28, 2026-2.0% EPS-3.0% move
- CMGFY2026 Q3 · October 28, 2026-7.1% EPS+2.7% move
Get the BBVA recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-29T17:07:40.042896+00:00
- FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
- Polygon adjusted daily market bars · 2026-10-29T18:00:45.311258+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-29. For educational purposes only; not investment advice.