Jefferies | BBVA reported 4Q25 attributable profit of €2,533m, which was a slight miss versus company consensus of €2,554m. PBT was a slight miss as well, with PPP a 2% beat. Group top line was a 2% beat, but partly offset by costs 3% higher than consensus. Impairments were a 9% miss. By geography, beats in Spain and Mexico, offset by Turkey missing. Final dividend of 60c per share announced….
Renta 4 | According to press reports, BBVA is considering selling its business in Romania, where ING could be the main candidate to take it over. BBVA operates in Romania through Garanti BBVA, a subsidiary of the Turkish bank Garanti BBVA, ranking among the top ten entities in the country with a market share of 2%. BBVA already attempted to sell this business in 2020, with the process at an…
Alphavalue/Divacons | The financial institution has executed 36.26% of the first tranche of its share buyback programme, which has an initial allocation of €1.5 billion out of a total of up to €3.96 billion, which began on 22 December 2025. Between 19 and 23 January 2026, the entity acquired 4.8 million shares at an average price of €20.46 per share, representing an investment of €98.7 million. Since the start of…
Alphavalue/DIVACONS | The financial institution has approved a buyback plan of up to €3.96 billion, to be executed in several phases. The bank, which had already announced that it would distribute its excess capital after the takeover bid for Banco Sabadell fell through (add Target Price €4.15/share), will consume 100 solvency points with the operation. It will be carried out in stages and will begin on Monday 22 December. The…
Alphavalue / Divacons | The EIB Group (comprising the European Investment Bank and the European Investment Fund) invested more than €714 million in two BBVA securitisation transactions, enabling the bank to mobilise around €1.3 billion to finance Spanish SMEs, mid-caps and entrepreneurs, as well as sustainable housing projects. The first is a securitisation of a consumer loan portfolio of approximately €1.1 billion in financing, enabling companies to address their liquidity…
Alphavalue / Divacons | The financial institution obtained a preliminary licence from the Abu Dhabi Global Market (ADGM) authority, allowing it to expand its wholesale banking services in the Middle East and strengthen its position as a strategic partner for corporate and institutional clients in the region. Eduardo Ortiz will lead operations from the new Abu Dhabi office. BBVA also informed the National Securities Market Commission (CNMV) that the monetary…
Alphavalue/DIVACONS | On Thursday, the financial institution presented its ambitious financial targets for the period 2025-2028. The institution aims to achieve a cumulative attributable net profit of €48 billion, an average ROTE of 22% and a compound annual growth rate of tangible value per share plus dividends of around 15%. During her participation in JP Morgan’s annual investor conference, Luisa Gómez Bravo, BBVA’s chief financial officer, explained that profitability and…
Jefferies | Following the third quarter, we have raised our 2026/2027 earnings forecasts for MSD thanks to improved revenues, mainly in Spain and Mexico, and we believe that BBVA (BBVA) is on track to achieve the medium-term targets announced in the first half of 2025. We are 4% above the 2027 earnings forecasts. We believe BBVA will announce a €6 billion share buyback in its 2025 results (subject to ECB…
Alphavalue / Divacons | The financial institution executed 23.2% of its share buyback programme, valued at €993 million, as reported yesterday to the Spanish National Securities Market Commission (CNMV). Specifically, between 31 October and 10 November, the entity acquired a total of 13.1 million shares for €231 million at an average price of €17.6 per share.
Bankinter | BBVA may redeem the issue in November 2032. Analysis team’s view: Positive impact. Demand exceeded €5.025 billion (bid-to-cover ratio >5.0x), which allowed the financing cost to be reduced to 5.625% (versus 6.125% initially forecast). Most importantly, the bank’s financing cost is significantly lower thanks to excess capital (CET1 ratio ~13.42% in Q3 2025 against a target of 11.5%-12.0%) and strong results (9M 2025 net profit: €7,978 million, up…