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BBVA, Santander Post Record 2025 Profits as Banks Roll Out Bigger Shareholder Payouts

Regulatory tallies in Mexico and Peru show record sector earnings concentrated in a few dominant lenders.

Overview

  • BBVA earned €10.511 billion in 2025, lifted its cash dividend 31% to €0.92 per share, and outlined total shareholder returns of about €9.2 billion including a buyback plan of roughly €4 billion.
  • BBVA shares fell more than 7% after it disclosed a CET1 ratio of 12.7% with a 73 basis‑point drop and higher provisions led by exposures in Turkey and Mexico.
  • Santander reported a €14.101 billion profit, its fourth consecutive record, with a CET1 ratio of 13.5% and a newly approved €5 billion buyback as part of at least €10 billion in repurchases across 2025–2026.
  • Unicaja posted €632 million in net profit, raised its payout target to 70% of earnings, and proposed €443 million in dividends against 2025 results, with potential additional distributions in coming years.
  • CNBV data show Mexican banks earned a record 304.4 billion pesos in 2025 with about 77% of profits concentrated in the largest institutions, while Peru’s SBS reported record S/14.147 billion with roughly 83% captured by four banks.