BBVA has made a profit of $3 billion in the first quarter (+10.8%) and has announced that it will redeem its shares

BBVA recorded a net profit of €2,989 million in the first quarter of 2026, an increase of 10.8% over the same period of the previous year, according to the National Securities and Exchange Commission (CNMV).

The growth in earnings has been based on the dynamism of activity, with a 17% increase in customer credit at fixed rates, which has boosted the interest margin above 20% year-on-year. The total revenue (gross margin) has been 10,652 million euros, 14.2% more. Within this figure, the interest margin was 7,537 million (17.8% more) and net commissions increased by 9.5%, to 2,256 million euros.

Bank CEO Onur Genç has stressed that the results show progress in the strategic plan and progress in meeting the targets set for 2028 in a complex international environment. "The results of this quarter show that we have made progress in implementing our Strategic Plan and are on the right track to achieve the goals we have set ourselves for 2028. All this in a complex geopolitical context that demonstrates the strength of our business model and our diversification."

The Entity has achieved high levels of profitability , with 21.7% RT, and has increased its tangible stock value by 18.1%, with more dividends at year-on-year rates, and a strong capital position with a CET1 ratio of 12.83% at the end of March.

On the other hand, the BBVA has announced that at the beginning of next week the last tranche of the extraordinary stock repurchase programme  will begin, with a maximum amount of €1,460 million, which will mean that the entity will repurchase shares worth around €4 billion since December last year.