Equity Profile

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

FinancialsDiversified Banks$140.6B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid, indicating how well the bank is managing its assets and liabilities.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a major financial institution based in Spain, providing a range of banking services including retail banking, asset management, and investment banking. As a diversified bank, BBVA plays a crucial role in the financial sector, particularly in Europe and Latin America, and is influenced by trends in consumer spending and economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

In Q1 2026, BBVA reported an EPS of $0.60, surpassing estimates by 5.4%. The stock reacted positively, gaining 3.9% the following day.

Management Promises & Guidance

Continued focus on improving operational efficiency.
Commitment to expanding digital banking services.
Plans to enhance customer experience through technology.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about BBVA's upcoming earnings, especially given its strong track record of beating EPS estimates.

Bull Case

If BBVA continues its trend of strong earnings surprises, it could see significant stock appreciation, driven by positive investor sentiment and strong loan growth.

Bear Case

Conversely, any signs of slowing loan growth or declining net interest margins could lead to a negative reaction in the stock, particularly if the earnings miss expectations.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

Given BBVA's history of exceeding EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is loan growth trending in the current economic environment?

Loan growth is critical for revenue; any slowdown could signal broader economic issues and impact investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to maintain strong loan growth despite economic pressures, as evidenced by its historical performance.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating strong operational performance.

The options market suggests higher volatility, reflecting uncertainty that may not be fully priced into the stock.

Recent economic indicators show resilience in consumer spending, which could support loan demand.

Key Risk

If loan growth exceeds expectations, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around BBVA's ability to sustain its earnings momentum in a potentially challenging economic landscape.

Bull Confirmed If

A reported EPS above $0.60 with strong loan growth would confirm the bull case.

Bear Confirmed If

An EPS below $0.50 or a significant decline in loan growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential movement in BBVA's stock, indicating heightened uncertainty around the earnings report.

Options are pricing ±22.7% while BBVA has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests a potential stock increase of around 3.04%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally, reflecting mixed investor sentiment.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.75%, as investors reassess growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends in key markets.
2Management's outlook on net interest margins and how they plan to navigate economic challenges.
3Insights into digital banking initiatives and their impact on customer acquisition.
4Comments on operational efficiency improvements and cost management strategies.
5Any changes in guidance for the remainder of the fiscal year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

DYNBMO

Dyne Therapeutics, Inc.

PreviewView

Jul27

ARLPBMO

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid, indicating how well the bank is managing its assets and liabilities.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BBVA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+40.09%

Avg Stock Reaction

+3.29%

Last Quarter Recap

In Q1 2026, BBVA reported an EPS of $0.60, surpassing estimates by 5.4%. The stock reacted positively, gaining 3.9% the following day.

Management Promises & Guidance

Continued focus on improving operational efficiency.
Commitment to expanding digital banking services.
Plans to enhance customer experience through technology.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about BBVA's upcoming earnings, especially given its strong track record of beating EPS estimates.

Bull Case

If BBVA continues its trend of strong earnings surprises, it could see significant stock appreciation, driven by positive investor sentiment and strong loan growth.

Bear Case

Conversely, any signs of slowing loan growth or declining net interest margins could lead to a negative reaction in the stock, particularly if the earnings miss expectations.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

Given BBVA's history of exceeding EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How is loan growth trending in the current economic environment?

Loan growth is critical for revenue; any slowdown could signal broader economic issues and impact investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to maintain strong loan growth despite economic pressures, as evidenced by its historical performance.

Supporting Evidence

BBVA has consistently beaten EPS estimates, indicating strong operational performance.

The options market suggests higher volatility, reflecting uncertainty that may not be fully priced into the stock.

Recent economic indicators show resilience in consumer spending, which could support loan demand.

Key Risk

If loan growth exceeds expectations, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around BBVA's ability to sustain its earnings momentum in a potentially challenging economic landscape.

Bull Confirmed If

A reported EPS above $0.60 with strong loan growth would confirm the bull case.

Bear Confirmed If

An EPS below $0.50 or a significant decline in loan growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential movement in BBVA's stock, indicating heightened uncertainty around the earnings report.

Options are pricing ±22.7% while BBVA has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.1%

Calls (300)P/C Ratio: 1.29Puts (6K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

3.43%

of float

Insider

0.02%

of float

Holders

578

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
33,954,738 sh · $742.6M
0.59%
-11.4%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If BBVA beats expectations, history suggests a potential stock increase of around 3.04%, confirming positive market sentiment.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may react neutrally, reflecting mixed investor sentiment.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.75%, as investors reassess growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends in key markets.
2Management's outlook on net interest margins and how they plan to navigate economic challenges.
3Insights into digital banking initiatives and their impact on customer acquisition.
4Comments on operational efficiency improvements and cost management strategies.
5Any changes in guidance for the remainder of the fiscal year.