BBVA's third-quarter net profit rises 19% on strong Mexico performance
Spain's BBVA reported a 19% rise in third-quarter net profit to €3.02 billion, slightly above analyst expectations, helped by Mexico and higher lending income.
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what happened
Spain's BBVA said on Thursday that its third-quarter net profit rose 19% year on year. The gain was driven mainly by a solid performance in Mexico, the bank's main market, and by higher income from lending.
The bank booked a net profit of €3.02 billion ($3.37 billion) for July to September, compared with €2.53 billion a year earlier and slightly above the €3.01 billion expected by analysts polled by Reuters. Net interest income rose 21.7% to €8.08 billion, beating forecasts of €7.88 billion. Net profit in Mexico rose 19%, while in Spain, the second-biggest market, it fell 5.5%.
why it matters
BBVA and Santander have long leaned on Latin America to offset pressure from lower euro zone rates. This time the stronger Mexican peso against last year's quarter supported earnings, which matters for bank shares and for how much investors value the region's contribution.
market impact
Spanish banks: profit above forecasts supports BBVA and the sector; stronger peso helped results
- BBVA shares pressure up — profit and net interest income beat market expectations
- MXN/USD pressure up — a stronger peso supported the bank's quarterly earnings
tags
instruments
sources
- BBVA's Q3 net profit rises 19% from same period a year ago — Reuters, 29 October 2026 at 06:05 UTC
- BBVA's Q3 net profit rises 19% thanks to Mexico — Reuters, 29 October 2026 at 06:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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