Banco Bilbao Vizcaya Argentaria S.A. stock (ES0113211835): Strong Q1 results and capital moves amid mixed sentiment

Banco Bilbao Vizcaya Argentaria S.A. reports robust Q1 2026 earnings and upgrades full?year guidance, while also issuing new Tier 1 preferreds and senior notes, yet the stock trades under pressure on valuation concerns.

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has reported strong first?quarter 2026 results and raised its full?year guidance, even as its U.S.?listed shares have come under pressure from valuation worries and a wave of analyst downgrades. The Spanish?listed bank, which trades on the NYSE under the ticker BBVA, posted an 10.8% year?over?year increase in net attributable profit and an 18.0% sequential gain versus the fourth quarter of 2025, according to a market?movers analysis dated May 4, 2026 that cites the bank’s April 30 earnings release.TradingKey as of 05/04/2026

At the same time, BBVA has strengthened its capital base by issuing $1.0 billion of Series 16 Non?Step?Up Non?Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities, which qualify as Additional Tier 1 capital, as disclosed in a Form 6?K filed with the SEC on May 8, 2026.Stock Titan as of 05/08/2026 Separately, the bank has also placed $1.25 billion of 4.968% Senior Non?Preferred Fixed Rate Notes due 2031 under its Form F?3 shelf registration, further extending its funding profile.Stock Titan as of 05/08/2026

As of: 09.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Banco Bilbao Vizcaya Argentaria S.A.
• Sector/industry: Banking & Investment Services
• Headquarters/country: Spain
• Core markets: Spain, Mexico, Turkey, South America, U.S. and other international markets
• Key revenue drivers: Net interest income, fees and commissions, trading and investment banking
• Home exchange/listing venue: Bolsa de Madrid; also listed on NYSE (ticker: BBVA)
• Trading currency: USD for NYSE listing

Banco Bilbao Vizcaya Argentaria S.A.: core business model

Banco Bilbao Vizcaya Argentaria S.A. operates as a diversified international banking group with a strong retail and corporate franchise across Europe, Latin America and the United States. The bank provides a broad range of financial services, including retail banking, corporate and investment banking, asset management, insurance and private banking, serving both individual and institutional clients.BBVA Investor Relations as of 05/09/2026

In Spain, BBVA is one of the largest domestic banks, with a dense branch network and a leading position in digital banking. In Mexico, the group holds a major banking franchise that contributes a substantial share of group profits, while in Turkey and several South American countries it maintains sizable retail and corporate operations. The U.S. presence is more focused on corporate and investment banking, trade finance and cross?border services for multinational clients.BBVA Investor Relations as of 05/09/2026

Main revenue and product drivers for Banco Bilbao Vizcaya Argentaria S.A.

BBVA’s main revenue streams are net interest income from loans and deposits, fees and commissions from transactional and wealth?management services, and trading and investment?banking income. The bank’s diversified geographic footprint helps smooth regional economic cycles, with Mexico and Turkey often providing higher growth and profitability than the more mature Spanish market.BBVA Investor Relations as of 05/09/2026

For Q1 2026, BBVA highlighted an improved Return on Tangible Equity (ROTE) of 21.7% and a Common Equity Tier 1 (CET1) ratio of 12.83%, which exceeds its target range and supports the bank’s ability to return capital to shareholders while maintaining a strong buffer against shocks.TradingKey as of 05/04/2026 The group has also upgraded its full?year 2026 guidance, projecting group ROTE above 20% with an upward bias, signaling confidence in continued earnings momentum despite macroeconomic uncertainty.TradingKey as of 05/04/2026

Why Banco Bilbao Vizcaya Argentaria S.A. matters for US investors

For US investors, Banco Bilbao Vizcaya Argentaria S.A. offers exposure to a large, diversified European bank with significant operations in high?growth emerging markets such as Mexico and Turkey, as well as a presence in the U.S. corporate and investment?banking space. The NYSE listing in USD provides a convenient entry point for American retail and institutional investors seeking international banking exposure without direct access to European exchanges.Stock Titan as of 05/08/2026

Recent capital?raising moves, including the $1.0 billion Tier 1 preferred issue and the $1.25 billion senior notes due 2031, are particularly relevant for US?based fixed?income and hybrid?security investors, as these instruments are marketed to international capital markets and may be held in US?domiciled portfolios. The bank’s strong CET1 ratio and elevated ROTE also make it an interesting case study in how large European banks manage capital, risk and profitability in a higher?interest?rate environment.Stock Titan as of 05/08/2026

Conclusion

Banco Bilbao Vizcaya Argentaria S.A. has delivered solid Q1 2026 results and raised its full?year guidance, underpinned by an improved ROTE and a strong CET1 ratio that exceeds management’s target range. At the same time, the bank has issued new Tier 1 preferred securities and senior notes, signaling a proactive approach to capital and funding management in a volatile macro environment.TradingKey as of 05/04/2026Stock Titan as of 05/08/2026

Despite these positives, the stock has faced pressure from valuation concerns and a mixed analyst stance, with some firms rating the shares as overvalued or maintaining “Hold” recommendations despite strong fundamentals. For US investors, BBVA offers diversified international banking exposure and access to emerging?market growth, but also carries currency, regulatory and macroeconomic risks that require careful consideration.TradingKey as of 05/04/2026BBVA Investor Relations as of 05/09/2026

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.