BBVA

Share Buyback Program In 2025, BBVA executed a share buyback program for a maximum monetary amount of 993 million for the purpose of reducing BBVA s share capital.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

After receiving the required authorization from the ECB, BBVA announced on December 19, 2025 the execution of an extraordinary framework share buyback program (the Framework Program ) for a maximum monetary amount of 3,960 million, to be carried out in several tranches for the purpose of reducing BBVA s share capital.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

On July 30, 2026, after receiving the required authorization from the ECB, BBVA s Board of Directors approved a new extraordinary framework share buyback program (the Second Framework Program ) for a maximum amount of 2,000 million, to be executed in several tranches for the purpose of reducing the Bank s share capital.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

See Note 4 to the Unaudited Condensed Interim Consolidated Financial Statements for information on our share buyback programs.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Cash, cash balances at central banks and other demand deposits amounted to 12,824 million as of September 30, 2026, a 35.6% decrease compared with the 19,929 million recorded as of December 31, 2025, mainly driven by the widening of the credit gap, the purchase of debt securities issued by certain European central governments, and the payment of dividends, partially offset by the proceeds of debt issuances completed during the nine months ended September 30, 2026.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Financial assets at fair value of this operating segment (which includes the following portfolios Financial assets held for trading , Non-trading financial assets mandatorily at fair value through profit or loss , Financial assets designated at fair value through profit or loss and Financial assets at fair value through other comprehensive income ) amounted to 147,495 million as of September 30, 2026, a 23.0% increase from the 119,910 million recorded as of December 31, 2025, mainly as a result of increased activity, through trading loans (reverse repurchase agreements) with other financial institutions, in the Global Markets unit.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Forward-looking statements can be identified by the use of forward-looking terminology such as believe , expect , estimate , forecast , project , anticipate , should , intend , probability , risk , VaR , target , goal , objective , and future or by the use of similar expressions or variations on such expressions, or by the discussion of strategy or objectives.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

We undertake no obligation to release publicly the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, including, without limitation, changes in our business, strategy, targets or expectations, including as a result of the occurrence of unanticipated events.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Internationally diversified and with strengths in the traditional banking businesses of retail banking, asset management and wholesale banking, the Group is committed to offering a compelling digital proposition focused on customer experience.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

For this purpose, the Group is focused on increasingly offering products online and through mobile channels, improving the functionality of its digital offerings and refining the customer experience, contributing to the delivery of its strategy in a sustainable and inclusive way.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

BBVA places sustainability at the core of its strategy.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

administration policies, including tariffs and fiscal and regulatory changes political uncertainty and changes in public policy arising from the upcoming Spanish general elections and U.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

dollar, and they may spark further market instability the effects of geopolitical tensions and economic challenges in recent years including, among other factors, the ongoing conflicts in Ukraine and in the Middle East, in particular, in Iran, the escalation of trade tariffs globally, and changes in policies generally.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Forward-looking statements are based on current plans, estimates and projections, are not guarantees of future performance and are subject to inherent risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

Any such developments could adversely affect fiscal policy, trade policy, regulation, institutional stability, consumer and investor confidence, economic activity, market conditions and the Group s business.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

In addition, the effects of, and uncertainty arising from, macroeconomic and other policies and large fiscal deficits have increased the U.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026

The nature of critical accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results to changes in conditions and assumptions are factors to be considered when reviewing the Unaudited Condensed Interim Consolidated Financial Statements and the discussion included in this report.

SEC original ↗BBVA — Earnings release (6-K report)6-KOct 29, 2026