BBVA: Accelerating Loan Growth in Mexico as Short-Term Lending Surges 17%!

Banco Bilbao Vizcaya Argentaria (BBVA) reported a strong first quarter, showcasing robust financial growth and strategic advancements, though there are areas for investor consideration. On the positive side, BBVA displayed significant improvements in key financial metrics. The tangible book value per share plus dividends increased by 14.1% year-over-year, indicating strong shareholder returns. Profitability metrics were particularly impressive, with a return on tangible equity of 20.2% and a return on equity of 19.3%, positioning BBVA as potentially the most profitable European bank among its peers. The net attributable profit increased by 23% up to EUR 2,698 million compared to the previous year, translating to earnings per share of EUR 0.45. The bank also improved its CET1 fully loaded capital ratio by 21 basis points to 13.09%, well above its regulatory requirements.