Quarterly ResultJul 30, 2026, 07:51 AM
BBVA H1 2026 Net Profit €6.05B; Announces €2B Buyback
AI Summary
BBVA reported a record net attributable profit of €6.05 billion for the first half of 2026, a 10% increase year-over-year, driven by strong performance in Spain and Mexico. Net interest income rose 18.8% to €15.16 billion, and gross income increased 16.9% to €21.16 billion. The bank also announced a new €2 billion share buyback program, with the first €1 billion tranche starting in August, reflecting its strong capital position and commitment to shareholder value. Profitability metrics like ROTE (22.2%) and ROE (21.1%) showed significant improvement.
Key Highlights
- H1 2026 net attributable profit reached a record €6.05 billion, up 10% year-over-year.
- Announced a new €2 billion share buyback program, with a €1 billion first tranche.
- Net interest income grew 18.8% year-over-year to €15.16 billion in H1 2026.
- Gross income increased 16.9% year-over-year to €21.16 billion for H1 2026.
- CET1 ratio stood at 12.90%, above the target range of 11.5% to 12%.
- ROTE reached 22.2% and ROE stood at 21.1%, demonstrating strong profitability.
- Market share in Spain reached 14.15% and in Mexico 26.17% due to strong activity.
- Spain's H1 net attributable profit was €2.17 billion, up 2.3% YoY.
- Mexico's H1 net attributable profit was €2.98 billion, up 8.2% YoY.
Price Impact
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