BBVA
Banco Bilbao Vizcaya Argentaria, S.A.22.51
-0.46-2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook, clarifies spreads
Q&A largely reaffirmed prepared remarks on record EUR10.5B profit, 16.2% loan growth, and 2026 goals of ~20% ROTE with C/I below 40%, but clarified conservative NII guidance reflects stabilizing spreads—bottomed at 280bps in Spain, compressing in Mexico to Banxico 6.5%—despite strong activity. Management highlighted deposit edges (Mexico 2.5% vs. 4.11% industry) and digital strength crushing neobanks, netting 4.7M new customers. Growth proves capital-intensive yet profitable above CoE, enabling 30-40bps SRTs (expanding to Mexico/Turkey) and distributions nearing 12% CET1. Spreads bottomed. Confident tone persists; watch Mexico macro, rate stabilization.
Key Stats
Market Cap
127.58BP/E (TTM)
11.03Basic EPS (TTM)
2.04Dividend Yield
0.03%IPO
Website
Employees
Sector
Industry
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