Equity Profile

BBVA

Banco Bilbao Vizcaya Argentaria, S.A.

FinancialsDiversified Banks$130.3B

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 the amount of interest paid out, indicating the bank's efficiency in managing its assets.

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 that provides a wide range of banking services, including retail banking, corporate banking, and investment services. As a diversified bank, it plays a crucial role in the financial sector, particularly in Europe and Latin America, and is influenced by trends in consumer spending and interest rates.

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%, which led to a positive stock reaction of 3.9% the following day. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on expanding digital banking services.
Commitment to improving customer experience.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Overall expectations for BBVA's upcoming earnings are mixed, given the lack of analyst estimates and management guidance. Investors are particularly interested in how the bank navigates current economic conditions.

Bull Case

If BBVA continues its trend of beating EPS estimates, it could indicate strong underlying performance, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the bank fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is BBVA managing loan growth in the current economic environment?

Loan growth is vital for revenue generation, and insights into this area will help investors assess the bank's future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to manage loan growth effectively, especially in emerging markets where demand remains strong.

Supporting Evidence

BBVA has consistently beaten EPS estimates in recent quarters, indicating strong operational management.

The high implied volatility suggests that investors are overly cautious, potentially missing out on positive developments.

Recent economic indicators show resilience in consumer spending, which could benefit BBVA's loan portfolio.

Key Risk

If loan growth exceeds expectations, it could significantly alter the market's perception of BBVA's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether BBVA can sustain its recent performance amidst economic challenges, making these thresholds critical.

Bull Confirmed If

An EPS of $0.70 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $0.50 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors ahead of 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 positive stock reaction of around +3.04%, reinforcing confidence in the bank's growth strategy.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors reassess future growth prospects.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around -2.27%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand for credit.
2Insights into net interest margin trends.
3Management's commentary on digital banking initiatives.
4Details on cost management and operational efficiency improvements.
5Expectations for future economic conditions and their impact on banking.

See the full picture

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

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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 the amount of interest paid out, indicating the bank's efficiency in managing its assets.

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

Management Promises & Guidance

Focus on expanding digital banking services.
Commitment to improving customer experience.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Bull Case

If BBVA continues its trend of beating EPS estimates, it could indicate strong underlying performance, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the bank fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is BBVA managing loan growth in the current economic environment?

Loan growth is vital for revenue generation, and insights into this area will help investors assess the bank's future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating BBVA's ability to manage loan growth effectively, especially in emerging markets where demand remains strong.

Supporting Evidence

BBVA has consistently beaten EPS estimates in recent quarters, indicating strong operational management.

The high implied volatility suggests that investors are overly cautious, potentially missing out on positive developments.

Recent economic indicators show resilience in consumer spending, which could benefit BBVA's loan portfolio.

Key Risk

If loan growth exceeds expectations, it could significantly alter the market's perception of BBVA's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether BBVA can sustain its recent performance amidst economic challenges, making these thresholds critical.

Bull Confirmed If

An EPS of $0.70 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $0.50 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±22.74%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors ahead of 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 positive stock reaction of around +3.04%, reinforcing confidence in the bank's growth strategy.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors reassess future growth prospects.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around -2.27%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand for credit.
2Insights into net interest margin trends.
3Management's commentary on digital banking initiatives.
4Details on cost management and operational efficiency improvements.
5Expectations for future economic conditions and their impact on banking.