Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has announced a remarkable profit of €9.07 billion for the first nine months of 2026, representing a 13.6% increase compared to the previous year. The bank's lending surged by 20.4% year-on-year, demonstrating strong growth in the commercial banking sector. This performance underscores BBVA's competitive edge in the market and its effective implementation of its strategic initiatives.

BBVA, classified under the SIC code 6029 for Commercial Banks, NEC, is a prominent global financial institution headquartered in Madrid, Spain. The bank, listed on the NYSE under the ticker BBVA and on the OTC under BBVXF, has been actively engaging in various strategic plans to enhance its operational efficiency and customer service.

According to the recent SEC filing dated October 29, 2026, BBVA's net attributable profit was driven by strong recurring revenues, particularly in net interest income and fees and commissions. The bank also reported a significant increase in earnings per share, which grew by 17.5% due to share buybacks carried out over the past year.

“We continue to make progress on our strategic plan, with a particular focus on AI-driven transformation,” said Onur Genç, CEO of BBVA.

This impressive growth in lending was particularly notable in BBVA's key markets, with Spain experiencing a 7.3% increase and Mexico showing a 12% rise in lending activities. The bank's overall net interest income rose by 17.8% to €23.24 billion, supported by strong business momentum in various regions, including Türkiye and South America.

BBVA's efficiency ratio stood at 37.9%, reflecting its ability to manage operating expenses effectively while achieving high revenue growth. The bank's CET1 capital ratio was reported at 12.21%, well above its target range, indicating a strong capital position that supports future growth and shareholder returns.

In terms of shareholder value, BBVA has maintained a robust dividend policy, with a gross cash dividend of €0.37 per share distributed to shareholders on October 15, 2026. This figure represents a nearly 16% increase from the previous year and is noted as the highest interim dividend in the bank's history. Additionally, BBVA has initiated a new extraordinary share buyback program worth €2 billion, having completed the first tranche of €1 billion.

Looking ahead, BBVA's strategic focus on AI-driven transformation is expected to yield further benefits, enhancing customer experiences and streamlining operations. The bank's commitment to innovation and sustainability positions it favorably within the competitive landscape of commercial banking.

Details were not available in the SEC filing regarding the next steps following this announcement, but BBVA's strong performance suggests a positive trajectory as it continues to execute its strategic initiatives.