Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 103

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 103
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 |            |     (200 | ) |     |   |      (57 | ) |     |         |       (257 | ) |     |   |             |   |     |         |        (257 | ) |     |   |             |   |     |         |       (228 | ) |
| Weighted-average number of shares (in millions)                                                     |     |            |    5,753 |   |     |   |          |   |     |         |            |   |     |   |         905 |   |     |         |       6,658 |   |     |   |         453 |   |     |         |      6,206 |   |
| Basic and diluted earnings (losses) per share from continuing operations (in euros)                 |     |            |     0.91 |   |     |   |          |   |     |         |            |   |     |   |             |   |     |         |        0.94 |   |     |   |             |   |     |         |       0.92 |   |

| (*) | Information subject to rounding given that Banco Sabadell’s publicly-available financial information is    
 expressed in thousands of euros and the pro forma financial information is expressed in millions of euros. |

68

Notes on the pro forma adjustments to the combined unaudited condensed consolidated pro forma income statement for the six months ended June 30, 2025:

| (a) | Valuation of assets and liabilities recorded at amortized cost: |

As a consequence of the change in the valuation of assets and liabilities recorded at amortized cost, the accrual of interest is impacted, resulting in higher net interest income of €44 million associated with fixed income instruments and €53 million associated with securities issuances.

| (b) | Tax impacts: |

The adjustments described above would result in corresponding tax impacts, calculated on the basis of the general corporate income tax rate currently in effect in Spain with respect to credit institutions (30%). Combined Unaudited Condensed Consolidated Pro Forma Income Statement for the year ended December 31, 2024 The table below presents the combined unaudited condensed consolidated pro forma income statement of the BBVA Group for the year ended December 31, 2024, as if the exchange offer had been completed as of January 1, 2024 and assuming completion of the exchange offer under each of the Full Acquisition Scenario and