BBVA advances €1.14B first-tranche share buyback

Banco Bilbao Vizcaya Argentaria, S.A.

Rhea-AI Filing Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports ongoing execution of the first tranche of its share buyback program, managed by J.P. Morgan SE. The bank executed transactions in BBVA shares between 16 February and 20 February 2026 under this tranche.

As a result of these purchases, the cash amount invested to date in the first tranche of the buyback has reached 1,141,180,340.59 Euros, which BBVA states represents approximately 76.08% of the tranche’s maximum cash amount.

Positive

• Substantial progress on buyback: BBVA has invested 1,141,180,340.59 Euros in the first tranche of its share repurchase, already reaching approximately 76.08% of that tranche’s maximum cash amount, indicating a significant ongoing capital return to shareholders.

Negative

• None.

Insights

Bank capital management analyst

BBVA is advancing a large share buyback, signaling active capital return.

BBVA reports that the first tranche of its share buyback program has reached a cash amount of 1,141,180,340.59 Euros, equal to approximately 76.08% of that tranche’s maximum cash amount. Purchases were executed between 16 February and 20 February 2026 through J.P. Morgan SE.

Large repurchase programs typically reduce the share count over time and can support metrics like earnings per share, although the actual impact depends on the final size and completion of the program. Investors may look to future BBVA disclosures for updates on when this first tranche reaches its stated maximum cash amount.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does BBVA’s February 2026 Form 6-K disclose about its share buyback?

The Form 6-K discloses progress on BBVA’s first tranche share buyback program. Between 16 and 20 February 2026, BBVA executed additional repurchases, bringing the cash amount invested in this tranche to 1,141,180,340.59 Euros, about 76.08% of its maximum cash amount.

How much has BBVA spent so far in the first tranche of its buyback program?

BBVA states that the cash amount of shares purchased to date in the first tranche of its buyback program is 1,141,180,340.59 Euros. This invested amount represents approximately 76.08% of the maximum cash amount authorized for that specific tranche of the program.

Over what period did BBVA execute the latest share repurchases reported in this 6-K?

BBVA reports that the latest share repurchases under the first tranche were executed between 16 February and 20 February 2026, both dates inclusive. These trades were carried out in BBVA shares as part of the ongoing execution of its approved buyback program.

Who manages the first tranche of BBVA’s share buyback program?

The first tranche of BBVA’s share buyback program is managed by J.P. Morgan SE. BBVA’s Form 6-K notes that the information on trades between 16 and 20 February 2026 is based on data received from J.P. Morgan SE in its role as first tranche manager.

What percentage of the first tranche’s maximum cash amount has BBVA used?

According to the filing, BBVA has used approximately 76.08% of the first tranche’s maximum cash amount. This percentage corresponds to a cumulative cash investment of 1,141,180,340.59 Euros in BBVA shares under the first tranche of the buyback program.

Does the BBVA 6-K specify the type of shares repurchased in the buyback?

Yes. The document specifies that the repurchases are of ordinary shares of BBVA, identified by ISIN code ES0113211835. These transactions form part of the first tranche of the company’s approved share buyback program managed by J.P. Morgan SE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/23/2026 - 06:56 AM EST Learn about SEC filing dates

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 February, 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 securities market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

Further to the notice of inside information of 19 December 2025, with registration number 3046, relating to the execution of the first tranche of a buyback program of own shares of BBVA (the “First Tranche”), and 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, BBVA informs–on the basis of the information received from J.P. Morgan SE as the First Tranche manager– that it has carried out the following transactions over BBVA shares in execution of the First Tranche between 16 February and 20 February 2026 (both inclusive):

 

The cash amount of the shares purchased to date as a result of the execution of the First Tranche amounts to 1,141,180,340.59 Euros, which, approximately, represents 76.08% of the maximum cash amount of the First Tranche.

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

ISIN Code of the ordinary shares of BBVA: ES0113211835

Madrid, 23 February 2026

This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail.

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: February 23, 2026	By:	/s/ José María Caballero Cobacho
	Name:	José María Caballero Cobacho
	Title:	Global ALM Director