Financial Data and Key Metrics Changes - In 2025, the company achieved a record net attributable profit of EUR 10.5 billion, a 4.5% increase from the previous year [2] - The loan portfolio increased by 16.2% at constant euros and 11.7% in current euros, while the return on tangible equity remained at 19.3% [3] - Earnings per share reached EUR 1.78, representing a 5.8% year-over-year increase [6] - The CET1 ratio reached 13.75% before capital distributions, reducing to 12.70% after a EUR 4 billion share buyback program [25][26] Business Line Data and Key Metrics Changes - In Spain, net profit grew to EUR 4.1 billion, with loans up 8% year-on-year [28] - In Mexico, net profit reached EUR 1.4 billion, with loan book growth accelerating to 4% in the fourth quarter [30] - The Rest of Business segment delivered a net profit of EUR 627 million, driven by strong activity across geographies [36] Market Data and Key Metrics Changes - Loan growth in Spain was 8% year-over-year, while Mexico maintained a solid 7.5% growth [19] - The company gained market share in all its markets, with total market share in Mexico reaching 25.6% [30] - The NPL ratio in South America declined to 4%, with coverage increasing to above 90% [35] Company Strategy and Development Direction - The company is focused on a radical customer perspective, leveraging AI and innovation to transform its operations [12] - Strategic priorities include growing enterprise, sustainability, and capital-light businesses, which have shown superior growth in 2025 [14] - The company aims to achieve a group return on tangible equity goal of around 20% and a cost-to-income ratio below 40% [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong business momentum and solid loan growth across all markets [38] - The company anticipates a stable cost of risk aligned with 2025 levels, despite some capital-intensive growth [39] - The management highlighted the importance of customer service and digital experience in retaining younger, underbanked populations in Mexico [72] Other Important Information - The company announced a total regular distribution of EUR 5.2 billion for 2025, representing a 50% payout [26] - The extraordinary share buyback program of EUR 4 billion is underway, with the first tranche of EUR 1.5 billion already executed [27] Q&A Session Summary Question: On Spain's loan growth and NII guidance - Management explained that the Euribor expectation is flat, leading to a different guidance between activity growth and NII [45] Question: On Mexico's deposit competition - Management reassured that their deposit pricing remains competitive, with a significant gap compared to industry averages [46][48] Question: On Spain's customer spread and profitability - Management noted that customer spreads have been stable, with expectations for slight increases depending on Euribor performance [58][60] Question: On capital generation and strategic goals - Management confirmed that they remain on track to achieve their midterm strategic goals, emphasizing profitable growth above the cost of equity [62]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

RESULTADOS 2025 Resultados 2025 5 febrero, 2026 RESULTADOS 2025 Disclaimer La finalidad de este documento es exclusivamente informativa y no pretende prestar un asesoramiento financiero y por lo tanto, Este documento no constituye, ni no debe ser interpretado como, una oferta de venta, intercambio o adquisición, o una invitación de ofertas para adquirir valores de cualquiera de las compañías mencionadas en él, ni para contratar ningún producto financiero. Cualquier decisión de compra o inversión en valores ...

智通财经APP获悉，西班牙第二大银行毕尔巴鄂银行(BBVA.US)公布第四季度利润与分析师预估基本一 致，尽管收入有所增长，但土耳其和墨西哥等主要市场的拨备增加部分抵消了这一积极影响。财报显 示，该行净利润增长4.1%至25.3亿欧元(合29.8亿美元)。分析师此前预估为25.4亿欧元。调整后的每股收 益为1.78欧元，高于上年同期的1.68欧元。 净利息收入为 262.8 亿欧元，同比增长 4.0%。拨备较上年同期增加19%，一项资本实力指标也未达到预 估水平。 在董事长卡洛斯•托雷斯和行政总裁奥努尔•根奇耗时一年多推动的收购规模较小的竞争对手萨瓦德尔银 行计划于去年10月失败后，毕尔巴鄂银行正专注于发展现有业务。该行随后宣布了39.6亿欧元的股票回 购计划，旨在将超额资本返还给投资者。 自去年10月中旬收购失败以来，毕尔巴鄂银行股价已上涨约40%，投资者更青睐派息，而非面临政府施 加重大条件、充满不确定性的交易。该行周四还宣布派发2025年收益的期末股息，每股0.60欧元。 对这家西班牙银行来说，提高盈利能力和资本的一个杠杆是利用重大风险转移，这使银行能够释放资 源，从而承保更多新业务或提高派息。知情人士 ...

Group 1 - The Spanish bank reported a 4.1% increase in net profit [1]

Core Viewpoint - BBVA reported a 4.1% increase in net profit for the fourth quarter compared to the same period in 2024, driven by strong performance in Spain and Mexico [1] Group 1 - The net profit growth of 4.1% indicates a positive trend in the company's financial performance [1] - The solid performance in Spain and Mexico highlights the geographical strengths contributing to the overall profit increase [1]

Group 1 - BBVA has joined Qivalis, a consortium of lenders aiming to introduce a regulated euro stablecoin to compete with the dominance of digital dollars [1] - The group now includes a dozen major EU banks, such as BNP Paribas, ING, and UniCredit, with BBVA's assets totaling $800 billion [1] - The project aims to create a token backed by established banks, providing an alternative to dollar-tied crypto-native stablecoins [2] Group 2 - Currently, only $860 million of the $300 billion stablecoin market is tied to the euro, with Tether and Circle Internet dominating the market with $185 billion and $70 billion respectively [2] - A euro-pegged coin would enable EU businesses and consumers to conduct blockchain-based payments in euros without relying on external financial systems [3] - Collaboration among banks is essential to establish common standards for the future banking model, as stated by BBVA's head of partnerships and innovation [3] Group 3 - BBVA's participation signifies the commitment of European banks to develop a European on-chain payment ecosystem based on trust [4] - Qivalis is seeking authorization from the Dutch central bank to operate as an electronic money institution, a necessary step under the EU's MiCA regulatory framework [4] - The project plans to launch the euro stablecoin in the second half of 2026 [5]

Core Viewpoint - BBVA has joined a consortium of 11 European banks to create Qivalis, a joint venture aimed at issuing a euro-linked stablecoin to facilitate faster and lower-cost payments and digital asset settlements within a regulated framework [1][2]. Group 1: Joint Venture and Regulatory Framework - Qivalis is established as an Amsterdam-based company and will operate under the EU's Markets in Crypto-Assets framework (MiCA), ensuring compliance with solvency, governance, and customer protection requirements [2]. - The venture is currently awaiting authorization from the Dutch central bank to function as an electronic money institution [4]. Group 2: Collaboration and Innovation - BBVA emphasizes the importance of collaboration among banks to create common standards that foster financial innovation and enhance the future banking model [3]. - The addition of BBVA to the consortium is seen as a significant advancement, bringing the total number of participating banks to twelve, all committed to developing a secure euro stablecoin framework [3]. Group 3: Use Cases and Benefits - A potential use case highlighted by the consortium involves enabling self-employed professionals to make quicker and cheaper payments to overseas suppliers through a euro-linked method integrated into their existing banking services [5]. - The shared stablecoin aims to provide new payment options and facilitate the settlement of tokenized financial assets on blockchain technology [4]. Group 4: BBVA's Commitment to Digital Assets - BBVA's involvement in Qivalis is part of its ongoing efforts to explore digital assets, building on previous initiatives such as a collaboration with SWIFT on a blockchain-based shared registry and participation in the Agorá initiative for improving cross-border payments [6].

Group 1 - Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is recognized as one of the most profitable financial stocks to invest in, with recent price target increases from Citi and BofA Securities [1][2] - Citi raised its price target for BBVA to EUR 23.50 from EUR 21.50, maintaining a Buy rating, while BofA Securities increased its target to EUR 24.30 from EUR 21, also keeping a Buy rating [1][2] - The company has a strong market presence in key regions such as Mexico, Türkiye, and Spain, with significant contributions to profits from these markets [2][3] Group 2 - BBVA, based in Bilbao, Spain, offers a range of banking and asset management services through online and mobile channels, having been founded in 1857 [4] - The Mexican market is expected to benefit from trade agreements like USMCA, which could enhance near-shoring activities and reduce regional volatility [3] - Profits from BBVA's operations in Türkiye are projected to triple by 2028, indicating substantial growth potential despite higher provisions [3]

Banco Bilbao (BBVA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power o ...