Banco Bilbao SEC Filings

BBVA reported the European Central Bank’s SREP outcome setting its minimum regulatory capital for 2026. Effective from January 1, 2026, the bank must maintain at the consolidated level a total capital ratio of 13.13% and a CET1 ratio of 8.97%. These include a consolidated Pillar 2 requirement of 1.62%, of which 0.96% must be met with CET1 and 0.12% reflects prudential provisioning expectations.

At the individual BBVA S.A. level, the required minimums are a total capital ratio of 10.98% and a CET1 ratio of 7.48%, also effective from January 1, 2026. The table specifies component buffers such as the conservation buffer and the O-SII buffer at the consolidated level. These thresholds define BBVA’s regulatory capital floors under the ECB framework for 2026.

BBVA reported steady growth for the nine months ended September 30, 2025. Profit attributable to the parent reached €7,978 million (up 4.7%), supported by gross income €27,136 million (up 3.7%) and net interest income €19,246 million (up 2.0%). Operating profit before tax was €12,292 million (up 5.5%). Segment earnings were led by Mexico €3,875 million and Spain €3,139 million, with improvements also in Turkey and South America. Total assets were €813,063 million, up from €772,402 million at year‑end 2024.

Currency depreciation in Turkey and Argentina weighed on translated results, but lower hyperinflation monetary losses and solid fees helped. In Spain, the new Interest Margin and Commission Tax contributed to a higher tax charge. Capital returns remain active: a €0.41 final 2024 dividend (approx. €2,360 million) was paid in April, and an interim €0.32 per share dividend (approx. €1,842 million) is scheduled for November 7, 2025. BBVA also announced a €993 million share buyback expected to start on October 31, 2025.

BBVA announced a temporary own share buyback program, cleared by the European Central Bank, to reduce its share capital by cancelling repurchased shares. The program authorizes purchases of up to €993,000,000 or a maximum of 555,385,663 shares.

Execution starts on October 31, 2025 and will end no later than February 18, 2026, or earlier if the cash or share limit is reached; BBVA may suspend or terminate it early. Trades will occur on Spain’s Continuous Market and on Cboe Europe, Turquoise Europe, and Aquis Exchange. Citigroup Global Markets Europe AG will manage the program and independently decide purchase timing. No transactions will be executed on December 24 and December 31, 2025. BBVA will report purchase activity and any suspension or completion in line with applicable regulations.

BBVA reported resilient 3Q25 results with net attributable profit of €2,531 million, down 3.7% year over year at constant terms and 8.0% quarter over quarter, as lower trading income offset strong core revenue. Net interest income rose 18.3% versus 3Q24 at constant currency and fees grew 15.3%, supporting gross income growth.

Capital and efficiency strengthened: CET1 ratio reached 13.42% (+8 bps vs. June), above the 11.5%–12.0% target range, and the efficiency ratio improved to 38.2% for 9M25. Cost of risk stood at 1.35% year to date with stable non‑performing loan trends. Total loan growth was up 16.0% versus September 2024 at constant terms, reflecting continued franchise momentum.

Year-to-date performance was robust with 9M25 net attributable profit of €7,978 million, up 19.8% year over year. The company announced a share buyback of approximately €1 billion starting tomorrow and a record interim dividend of €0.32 per share payable on November 7. BBVA added 8.7 million new customers in 9M25 and channeled €97 billion in sustainable business.

BBVA reported record nine-month results, with net attributable profit of €7.98 billion through September, up 4.7% reported and +19.8% in constant euros. Growth was powered by lending (+16% in constant euros) and core revenues, as net interest income rose to €19.25 billion (+12.6%) and fees reached €6.07 billion (+16.6%), taking core revenues to €25.32 billion (+13.5%). Gross income was €27.14 billion (+16.2%), while expenses grew 11%, improving the efficiency ratio to 38.2%.

Profitability remained high with ROTE at 19.7% and ROE at 18.8%. Asset quality was resilient: cost of risk was 135 bps, with an NPL ratio of 2.8% and coverage of 84%. Capital stayed strong as the CET1 ratio reached 13.42%, above the 11.5–12% target range.

Shareholder returns are accelerating: on Oct. 31 BBVA will begin a €993 million share buyback; on Nov. 7 it will pay an interim dividend of €0.32 per share (about €1.84 billion); and, pending ECB authorization, it plans a significant additional buyback. Regional highlights included net profit of €3.14 billion in Spain and €3.88 billion in Mexico.

BBVA reported solid 9M 2025 performance with net attributable profit of €7,978m, up 4.7% year over year and 19.8% at constant FX. Recurring banking revenues drove results, while the efficiency ratio improved to 38.2% as income outpaced costs.

Balance-sheet growth remained healthy: gross customer loans reached €447,901m (+12.6% y/y) and total customer funds €687,781m (+10.7% y/y). Asset quality was resilient with an NPL ratio of 2.8% and cost of risk at 1.35%. Capital stayed strong; the CET1 ratio was 13.42%, comfortably above the 9.13% requirement.

By area, net profit was €3,139m in Spain, €3,875m in Mexico, €648m in Turkey, €585m in South America, and €481m in Rest of Business. Shareholder returns included a €0.41 final 2024 dividend (paid Apr 10, 2025) and an announced interim dividend of €0.32 per share (to be paid Nov 7, 2025), plus a €993m share buyback expected to start Oct 31, 2025.

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) announced it will present its results for 3Q 2025 on October 30, 2025 at 9:30 a.m. (Madrid Time).

The presentation will be streamed on www.bbva.com, with a recording available on the site for at least one month.

BBVA said its takeover bid for Banco Sabadell will not proceed after shareholders representing 25.5 percent of voting rights accepted, below the minimum threshold. With the bid lapse, BBVA will accelerate shareholder distributions. On October 31, it will begin executing a pending share buyback of around €1 billion. On November 7, it will pay an interim dividend of €0.32 per share, totaling €1.8 billion. After authorization from the European Central Bank, it plans a significant additional share buyback.

Reaffirming its 2025–2028 Strategic Plan, BBVA targets ROTE around 22 percent and an efficiency ratio around 35 percent, and aims for growth in tangible book value per share plus dividends of about 15 percent CAGR. The bank also aims for approximately €48 billion in cumulative attributable profit over four years and expects to have €36 billion to distribute to shareholders through 2028, with about €13 billion available in the near term.