BBVA completes €993M share buyback and prepares capital reduction
Banco Bilbao Vizcaya Argentaria, S.A.
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Rhea-AI Filing Summary
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has completed its previously announced share buyback program after reaching the maximum monetary amount of 993 million euros. Over the course of the program, BBVA repurchased 54,316,765 own shares, which represent approximately 0.93% of its share capital as of the date of the notice. All transactions under the program were carried out and reported in line with European market abuse regulations. BBVA states that the purpose of the buyback is to reduce its share capital by cancelling all shares acquired through the program.
Insights
BBVA completes a €993M buyback and plans to cancel the repurchased shares.
BBVA reports it has finished a Buyback Program totaling 993 million euros, acquiring 54,316,765 shares, or about 0.93% of its share capital. Because the stated purpose is to redeem these shares, the transaction is designed as a capital reduction rather than merely holding treasury stock.
Reducing the share count can mechanically increase earnings and dividends per share over time, since each remaining share represents a slightly larger ownership slice. The filing explicitly ties the buyback to that outcome by stating BBVA expects to redeem all acquired shares.
The announcement confirms execution is complete and that all trades complied with Regulation (EU) No 596/2014. The next technical step will be the formal redemption of the treasury shares acquired under the program, which would finalize the capital reduction.
FAQ
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What did BBVA (BBVA) announce in this Form 6-K?
What is the purpose of BBVAs buyback program?
How large was BBVAs buyback in monetary terms?
Were BBVAs buyback transactions carried out in compliance with regulations?
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UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2025
Commission file number: 1-10110
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
(Exact name of Registrant as specified in its charter)
BANK BILBAO VIZCAYA ARGENTARIA, S.A.
(Translation of Registrant’s name into English)
Calle Azul 4,
28050 Madrid
Spain
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | x | Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | No | x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | No | x |
Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), in compliance with the Spanish securities market legislation, hereby proceeds to notify the following:
OTHER RELEVANT INFORMATION
Further to the notice of Inside Information of 30 January 2025, with registration number 2565, and to the notice of Inside Information of 30 October 2025, with registration number 2966 (the “II for the Program Execution”), BBVA hereby announces the completion of the execution of the Buyback Program[1] as the maximum monetary amount of 993 million euros communicated in the II for the Program Execution has been reached.
With the acquisition of the last shares referenced below, the total number of shares acquired during the execution of the Buyback Program is 54,316,765 own shares, representing, approximately, 0.93% of BBVA’s share capital as of this date.
All acquisitions made in execution of the Buyback Program have been duly notified, in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014.
As disclosed in the II for the Program Execution, the purpose of the Buyback Program is to reduce BBVA’s share capital by means of the redemption of the shares acquired. In this regard, BBVA expects to carry out the redemption of all of the own shares acquired in execution of the Buyback Program.
Likewise, BBVA informs that it has carried out the following transactions on its own shares in execution of the Buyback Program on December 9 and 10, 2025:
1 “Buyback Program” shall have the same meaning as provided in the II for the Program Execution.
Issuer name: Banco Bilbao Vizcaya Argentaria, S.A. - LEI K8MS7FD7N5Z2WQ51AZ71
ISIN Code of the ordinary shares of BBVA: ES0113211835
Madrid, 10 December 2025
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Bilbao Vizcaya Argentaria, S.A. | |
| Date: December 10, 2025 | By: /s/ José María Caballero Cobacho |
| Name: José María Caballero Cobacho | |
| Title: Global ALM Director |