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BBVA has launched a third major tranche of its share buyback program, continuing its capital return to shareholders.
The bank has also completed a $1b issuance of preferred securities that qualify as Additional Tier 1 capital.
Both actions focus on capital optimization and balance sheet resilience for Banco Bilbao Vizcaya Argentaria (BME:BBVA).
Banco Bilbao Vizcaya Argentaria (BME:BBVA) is drawing attention with a new buyback tranche alongside fresh Additional Tier 1 capital issuance, while its shares trade at about €18.235. Over the past year the stock has delivered a 51.8% return, and over 5 years the return is very large, reflecting a substantial multi year re rating. These moves on capital structure come after a long period in which the share price has already shifted meaningfully.
For investors, the expanded buyback and the $1b Additional Tier 1 issue are key signals about how BBVA is choosing to manage capital and support its balance sheet. The combination can affect metrics such as capital ratios and share count, as well as how value is shared between creditors and shareholders over time. Readers following BME:BBVA may want to watch how these actions translate into future disclosures on capital and funding costs.
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BME:BBVA Earnings & Revenue Growth as at May 2026
Quick Assessment
✅ Price vs Analyst Target: At €18.24, BBVA trades about 12.9% below the €20.94 analyst target, with a target range from €11.70 to €26.40.
✅ Simply Wall St Valuation: Shares are described as trading 43.7% below an estimated fair value, which is a large discount.
❌ Recent Momentum: The 30 day return is about 2.9% lower, so short term price momentum has been weak.
The timing of any decision to buy, sell or hold Banco Bilbao Vizcaya Argentaria depends on each investor’s own research and circumstances. For more detail, see Simply Wall St’s company report for the latest analysis of Banco Bilbao Vizcaya Argentaria’s fair value.
Key Considerations
📊 The new buyback together with the €1b Additional Tier 1 issue indicates that BBVA is actively reshaping its capital mix while the share price is below both analyst and internal value estimates.
📊 It may be useful to monitor future capital ratios, share count trends and the cost of AT1 funding to understand how these moves influence earnings per share and flexibility for further capital returns.
⚠️ With a bad loan ratio of 2.8% and an 87% allowance for bad loans, credit quality and provisioning assumptions remain key factors when assessing the buffer provided by this capital structure.
Dig Deeper
For a fuller picture, including additional risks and potential rewards, consider reviewing the complete Banco Bilbao Vizcaya Argentaria analysis. You can also visit the community page for Banco Bilbao Vizcaya Argentaria to see how other investors interpret this news and its implications for the company’s narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BBVA.MC.
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