Company: BBVXF
Filing Date: 2025-09-17
Form Type: 425
Source: 0001193125-25-205900
Chunk: 0

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-17
Form: 425
Chunk 0
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Filed by Banco Bilbao Vizcaya Argentaria, S.A. Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Banco de Sabadell, S.A. Commission File No.: 333-281111 Onur Genç – BofA 30th Annual Financials CEO Conference [Intranet filing, September 2025]

| [00:00:00 |     | - |     | 00:00:53] |

BofA:The big pleasure this year once again to be having live. We have two deals that are live this year at the conference. One of them is, of course, to be 15 minutes or so, depending on how we get on. But why don’t we start from where we left things, which is: you posted almost 20% ROTE in the first half of the year. You’ve confirmed that this metric is going to be around 22% on average over the next three years, 25 to 28. And maybe we can start with your views on the outlook for the group. And you presented a new outlook also on those points of strength that, in your opinion, the market might still be dismissing when looking at BBVA story.

| [00:00:54 |     | - |     | 00:06:59] |

OG:Yeah. As you said, it’s a four-year plan, 2025 included, 2025–2028. And that plan is basically foreseeing this 22% return on equity, return on tangible equity. And you’re asking where does our confidence come from basically on that figure. If you think, number one, it comes from our track record. As you just said, we just completed the previous four-year numbers plan because in 2021, we launched the 2021–2024 plan. At the end of that four-year plan, we did deliver 20% return on tangible equity, as we said, and more importantly, even for us, we delivered 18% compounded annual growth rate in tangible book value per share plus dividends. So very good numbers. And with this we became the number one. We have a peer group of the 15 largest European banks — European geography, not EU only — European geography peer group banks. Within that 15 group bank, we are number one in profitability in terms of the return on tangible equity. And we are also number one in terms of growth. In the end,