Banco Bilbao Viz Stock Price, News & Analysis

BANCO BILBAO V/ARGNTNA SA (BBVXF) is associated in SEC filings with Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), which reports as a foreign issuer under the Securities Exchange Act of 1934. According to its Form 6-K submissions, BBVA files as a Form 20-F registrant and is based in Madrid, Spain. The filings identify the company as Banco Bilbao Vizcaya Argentaria, S.A., with English translation "Bank Bilbao Vizcaya Argentaria, S.A.", and reference its ordinary shares under ISIN code ES0113211835.

BBVA uses its Form 6-K reports to provide other relevant information and inside information to the market, in line with Spanish and European securities legislation. The disclosures in the available filings focus on share buyback programs, share capital reductions, and related corporate actions affecting its ordinary shares. These documents show how the company manages its own shares, communicates material information, and complies with market abuse and transparency regulations in the European Union.

Role of buyback programs and capital management

The SEC filings describe a structured approach to share repurchase programs and capital management. BBVA reports on a buyback program of its own shares, executed through a manager, J.P. Morgan SE, under Regulation (EU) No. 596/2014 on market abuse and Commission Delegated Regulation (EU) 2016/1052. The filings specify that the purpose of these buybacks is to reduce BBVA’s share capital by cancelling the acquired shares.

In one Form 6-K, BBVA announces the completion of a buyback program in which it acquired 54,316,765 own shares, representing a portion of its share capital at that time. The company states that the objective of this program is to redeem the acquired shares, and it expects to carry out this redemption. In a subsequent filing, BBVA reports the partial execution of a share capital reduction approved by its Ordinary General Shareholders’ Meeting, implemented by cancelling those 54,316,765 treasury shares and adjusting the total share capital and number of shares outstanding.

Regulatory framework and market venues

The filings emphasize BBVA’s adherence to Spanish securities market legislation and European regulations on market abuse. The company discloses that its buyback program and capital reduction actions are carried out under the authority granted by its shareholders and with prior authorization from the European Central Bank for buybacks and cancellation of own shares up to a specified aggregate amount, to be executed in one or several tranches within a defined period.

BBVA also details the trading venues where purchases of its shares for the buyback program are made, including the Spanish electronic trading system (Continuous Market) and platforms such as Cboe Europe, Turquoise Europe and Aquis Exchange. The filings outline conditions such as minimum numbers of shares to be purchased per trading day, the possibility of Excluded Days and Disrupted Days, and the company’s ability to suspend or terminate a tranche of the program if circumstances require.

Ongoing reporting through Form 6-K

As a foreign private issuer, BBVA uses Form 6-K to provide periodic updates on significant corporate events and regulatory disclosures. The available 6-Ks indicate that the company regularly informs the market about:

• The launch and parameters of share buyback tranches, including maximum cash amounts and maximum numbers of shares.
• Progress updates on buyback execution, such as the cash amount of shares purchased to date and the percentage of the maximum authorized amount that has been used.
• Completion of buyback programs when the maximum monetary amount is reached.
• Subsequent share capital reductions through cancellation of treasury shares and related requests for delisting those redeemed shares from the relevant stock exchanges and from IBERCLEAR’s accounting records.

Each filing includes a note that the English version is a translation of the original Spanish document and that, in case of discrepancy, the Spanish original prevails. This underscores the company’s primary regulatory environment in Spain while maintaining transparency for international investors.

What BBVXF investors can infer from these filings

For investors tracking BBVXF stock, the SEC filings of Banco Bilbao Vizcaya Argentaria, S.A. provide insight into the company’s capital structure decisions, treasury share management, and interaction with European regulators. The documents show how BBVA:

• Obtains regulatory authorization for large-scale buyback and cancellation programs.
• Implements multi-tranche buyback schemes aimed at reducing share capital.
• Communicates inside and other relevant information to the market in compliance with EU and Spanish rules.

While the filings focus on specific corporate actions rather than a broad business description, they offer a detailed view of how the company manages its equity, interacts with shareholders through general meeting resolutions, and coordinates with market infrastructure such as stock exchanges and IBERCLEAR.

Key identifiers and formal status

Across the filings, BBVA consistently identifies itself with the Legal Entity Identifier (LEI) K8MS7FD7N5Z2WQ51AZ71 and the ISIN code for its ordinary shares, ES0113211835. The company marks its SEC submissions under Form 20-F, not Form 40-F, confirming its status as a foreign issuer reporting under that framework. The filings also state that the company does not submit these forms in paper under the exceptions of Regulation S-T Rules 101(b)(1) and 101(b)(7).

Overall, the information available through recent SEC reports presents Banco Bilbao Vizcaya Argentaria, S.A. as a foreign issuer based in Madrid, Spain, actively managing its share capital through buyback and cancellation programs, and regularly informing the market via Form 6-K about these and related regulatory matters.