BBVA (NYSE: BBVA) finishes €1.5B buyback, redeeming 74.9M shares

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has completed the first tranche of its share buyback program, reaching the previously announced maximum of 1,500 million euros. In total, BBVA acquired 74,963,302 of its own shares, which represents approximately 1.31% of its share capital as of this date.

The bank states that all purchases under this first tranche were notified in line with European market abuse rules. BBVA reiterates that the purpose of this tranche is to reduce its share capital by redeeming all shares acquired, and it expects to proceed with the redemption. J.P. Morgan SE acted as manager for the first tranche, including trades executed between 2 March and 6 March 2026.

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 March, 2026

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 16 October 2025, with CNMV registration number 2942, and to the notice of Inside Information of 19 December 2025, with CNMV registration number 3046 (the “II for the Execution of the First Tranche”), BBVA hereby announces the completion of the execution of the First Tranche of the Program Scheme¹ as the maximum monetary amount of 1,500 million euros communicated in the II for the Execution of the First Tranche has been reached.

With the acquisition of the last shares referenced below, the total number of shares acquired during the execution of the First Tranche is 74,963,302 own shares, representing, approximately, 1.31% of BBVA’s share capital as of this date.

All acquisitions made in execution of the First Tranche of the Program Scheme 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 Execution of the First Tranche, its purpose 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 First Tranche.

Likewise, BBVA informs that, based on information received from J.P. Morgan SE as manager of the First Tranche, it has carried out the following transactions on its own shares in execution of the First Tranche between 2 March and 6 March 2026 (both inclusive):

¹ “First Tranche” and “Program Scheme” shall have the same meaning as provided in the II for the Execution of the First Tranche.

 

 

Issuer name: Banco Bilbao Vizcaya Argentaria, S.A. - LEI K8MS7FD7N5Z2WQ51AZ71

ISIN Code of the ordinary shares of BBVA: ES0113211835

Madrid, 6 March 2026

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: March 06, 2026
	By:	/s/ José María Caballero Cobacho
	Name:	José María Caballero Cobacho
	Title:	Global ALM Director

FAQ

What did BBVA (BBVA) announce in this Form 6-K filing?

BBVA announced the completion of the first tranche of its share buyback program, having reached the maximum amount of 1,500 million euros and repurchasing 74,963,302 shares, about 1.31% of its share capital as of the announcement date.

How many BBVA (BBVA) shares were repurchased in the first tranche?

BBVA repurchased 74,963,302 of its own shares in the first tranche of the program. These shares represent approximately 1.31% of the bank’s share capital as of the filing date, according to the company’s disclosure in the report.

What is the total monetary amount of BBVA’s first buyback tranche?

The first tranche of BBVA’s share buyback program reached a total monetary amount of 1,500 million euros. This cap was communicated earlier and is confirmed in the filing as the maximum amount achieved upon completion of the tranche.

What does BBVA (BBVA) plan to do with the repurchased shares?

BBVA plans to reduce its share capital by redeeming all shares acquired in the first tranche. The filing states that the purpose of this tranche is capital reduction, and BBVA expects to proceed with redeeming all repurchased shares.

Over what period were the final BBVA (BBVA) buyback trades executed?

The filing notes that, based on information from J.P. Morgan SE as manager of the first tranche, BBVA’s own-share transactions related to this tranche were carried out between 2 March and 6 March 2026, both dates inclusive.

Who managed BBVA’s first tranche share buyback operations?

J.P. Morgan SE acted as manager for BBVA’s first tranche of the share buyback program. The bank indicates that information on the trades between 2 March and 6 March 2026 was provided by J.P. Morgan SE in this role.