BBVA earns 4.5% more in 2025 and its profit exceeds 10.5 billion for the first time

Madrid.- The BBVA group earned 10,511 million euros in 2025, 4.5% more than the previous year, achieving record profits that exceeded 10,500 million for the first time, driven by recurring income from the banking business.

BBVA informed this Thursday to the National Commission of the Securities Market (CNMV) that it increased its interest margin by 4%, to 26.280 billion.

Dividend

The entity, until a few months ago immersed in its takeover bid for Banco Sabadell, will distribute a dividend per share of 92 cents in cash, the largest in its history and which will entail the payment of 5.249 billion, 31% more than in 2024, charged to the results of 2025.

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The bank already paid 32 euro cents gross per share on November 7th, an amount to which 60 euro cents gross per share will be added, which will be paid, predictably, in April and which will raise the dividend charged to 2025 to those 92 cents. BBVA also announced in December a share buyback plan for 3.96 billion euros, of which a first tranche of 1.5 billion is already underway and 42.8% has already been executed. The profit obtained by BBVA in 2025 is slightly below that predicted by the consensus of analysts, which was 10.566 billion euros, 5.1% more than a year earlier. The bank's return on tangible equity (ROTE) stood at 19.3% at the end of 2025, compared to 19.7% a year earlier, and on equity (ROE) at 18.4%, compared to 18.9% at the end of 2024; while in solvency the CET1 ratio was 12.7% at the end of 2025, compared to 12.88% in 2024, although above the bank's target range, which goes from 11.5% to 12%.

Interest Margin

The interest margin increased by 4%, to 26.28 billion euros, with a growth in net commissions of 2.8%, to 8.215 billion euros. As a result, recurring income from the banking business increased by 14.1%, excluding the effect of exchange rates. Loans and advances to customers increased by 11.5% in 2025, to 472,697 million euros gross, highlighting the 14.2% growth in those granted to companies, while individuals increased by 8.3% and, within the latter, mortgages increased by 5.4% and consumer loans by 10.3%. Customer resources grew by 13.5% during the year, favored by customer deposits, which increased by 12.3%, as well as by the evolution of investment funds and managed portfolios, which saw an increase of 17.2%.

Operating Expenses

Operating expenses rose 1%, to 14.332 billion euros, and the gross margin (which includes all revenues) increased by 4.1%, to 36.931 billion euros. BBVA closed 2025 with an efficiency ratio of 38.8%, improving by 206 basis points, and the non-performing loan ratio also fell to 2.7% compared to 3% at the end of 2024. You can also read: By business areas, BBVA recorded a historic profit in Spain of 4.175 billion euros, 11.3% more; in Mexico its attributable result was 5.264 billion, 5.7% more; in Turkey, 805 million euros, which represents 31.8% more in current euros, and in South America 726 million euros, 14.3% more at current exchange rates. The Rest of Business area, which includes businesses in Europe and the United States, had an attributable result of 627 million, 29.4% more. The president of BBVA, Carlos Torres, has said that BBVA is "in its best moment" and they are looking at 2026 with positive prospects in all the bank's markets and expect to increase profitability to levels around 20%.