Quarterly ResultApr 30, 2026, 07:22 AM
BBVA Q1 Net Attributable Profit €2,989M, +10.8%; Romania Subsidiary Sale
AI Summary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) reported a net attributable profit of €2,989 million for the first quarter of 2026, an increase of 10.8% year-on-year, driven by strong recurring banking revenues. Net interest income rose 17.8% to €7,537 million, and the efficiency ratio improved to 38.0%. The company also announced an agreement to sell 100% of Garanti BBVA’s subsidiaries in Romania and approved a final dividend of €0.60 gross per share for 2025, bringing the total for the year to €0.92 gross per share. The CET1 ratio remained strong at 12.83%, and BBVA channeled €36 billion into sustainable business during the quarter.
Key Highlights
- Agreed to sell 100% of Garanti BBVA's subsidiaries in Romania.
- Net attributable profit reached €2,989M, up 10.8% YoY (+14.1% at constant FX).
- Net interest income grew 17.8% YoY to €7,537M (+20.2% at constant FX).
- Efficiency ratio improved to 38.0% as of March 31, 2026, from 38.2% YoY.
- Approved a final dividend of €0.60 gross per share for 2025, totaling €0.92 gross per share for the year.
- CET1 ratio stood at 12.83%, exceeding the target management range of 11.5%-12.0%.
- Channeled €36B into sustainable business in Q1 2026, with a cumulative total of €170B.
- Spain net attributable profit was €1,095M (+8.1%); Mexico €1,453M (+4.5% constant FX).