BBVA (NYSE: BBVA) advances Third Tranche share buyback program
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Banco Bilbao Vizcaya Argentaria (BBVA) reports continued execution of the Third Tranche of its share buyback program. Between 1 and 5 June 2026, BBVA repurchased 7,820,054 shares of its stock, mainly on the Spanish market (XMAD), at daily weighted average prices around €19.6–€20 per share.
The cash paid for shares purchased so far in this Third Tranche totals €602,382,985.25, which BBVA states represents approximately 41.26% of the maximum cash amount allocated to this tranche. Citigroup Global Markets Europe AG is managing this phase of the buyback under EU market abuse rules.
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Key Figures
Shares repurchased 1–5 June 2026: 7,820,054 shares
Cash spent in Third Tranche to date: €602,382,985.25
Third Tranche cash usage: 41.26%
+3 more
6 metrics
Shares repurchased 1–5 June 2026
7,820,054 shares
Total BBVA shares bought in the specified five-day period
Cash spent in Third Tranche to date
€602,382,985.25
Cumulative cash amount for Third Tranche purchases
Third Tranche cash usage
41.26%
Portion of maximum cash amount for Third Tranche already used
Shares bought 1 June 2026 (XMAD)
1,625,000 shares
Repurchases on XMAD at weighted average price €19.8618
Shares bought 2 June 2026 (XMAD)
1,250,000 shares
Repurchases on XMAD at weighted average price €19.9768
Shares bought 5 June 2026 (XMAD)
1,700,000 shares
Repurchases on XMAD at weighted average price €19.5688
Key Terms
buyback program, Third Tranche, Regulation (EU) no. 596/2014, inside information, +1 more
5 terms
buyback program financial
"relating to the execution of the third of a buyback program of own shares of BBVA"
A buyback program is when a company uses cash to repurchase its own shares from the market or shareholders, which reduces the total number of shares available. For investors this can increase the value of each remaining share, signal that management thinks the stock is undervalued, and change ownership percentages — like a homeowner buying back units in a building so each remaining owner holds a larger slice of the same pie.
Third Tranche financial
"relating to the execution of the third of a buyback program of own shares of BBVA (the “Third Tranche”)"
Regulation (EU) no. 596/2014 regulatory
"pursuant to article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse"
A European Union law that sets the rules to prevent insider trading and market manipulation, requiring companies and traders to disclose material information and behave transparently. Think of it as a referee and rulebook for financial markets: it helps keep trading fair, gives investors confidence that everyone has access to the same key facts, and creates legal duties and penalties that can affect stock prices and corporate disclosure practices.
inside information regulatory
"Further to the notice of inside information of 19 December 2025, with registration number in the CNMV 3046"
Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.
market abuse regulatory
"article 5 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse"
Market abuse is illegal or unethical behavior that distorts the price or fairness of buying and selling financial assets, such as using secret information to trade, spreading false or misleading news, or creating fake buying and selling to give a false impression of demand. It matters to investors because it can cause unfair losses, unreliable prices and legal or reputational fallout; like cheating in a game or tampering with a scale, it destroys confidence that markets reflect true value.
FAQ
What cash amount has BBVA spent so far in the Third Tranche buyback?
BBVA has spent €602,382,985.25 so far in the Third Tranche. The filing states this cumulative cash amount for purchased shares represents approximately 41.26% of the maximum cash amount authorized for this tranche of the buyback program.
What portion of BBVA’s Third Tranche buyback capacity is already used?
Approximately 41.26% of the Third Tranche’s maximum cash amount has been used. BBVA explains that the €602,382,985.25 spent on share repurchases to date corresponds to this proportion of the total cash limit for the tranche.
