Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 50

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 50
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 (loss) before tax                                                                                                    |     |                                      |     |  220 |      |     |  163 |     35.6 |
| Tax expense or income related to profit or loss from continuing operations                                                              |     |                                      |     |  -47 |      |     |  -40 |     16.8 |
| Profit                                                                                                                                  |     |                                      |     |  173 |      |     |  122 |     41.8 |
| Profit attributable to parent company                                                                                                   |     |                                      |     |  173 |      |     |  122 |     41.8 |

(1) Includes “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.

(2) “Net margin before provisions” is calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

(3) Not meaningful.

In the three months ended March 31, 2025, the U.S. dollar appreciated by 3.2% against the euro in average terms, compared with the three months ended March 31, 2024. See “ ―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”.

#### Net interest income
Net interest income of this operating segment for the three months ended March 31, 2025 amounted to €191 million, a 21.8% increase compared with the €157 million recorded for the three months ended March 31, 2024, mainly due to increase in the corporate and investment banking activity of the branches located in New York and Europe, supported by the increase in loan activity and careful price management. The net interest margin over average total assets of this operating segment amounted to 1.19% for the three months ended March 31, 2025, compared with 1.02% for the three months ended March 31, 2024.

#### Net fees and commissions
Net fees and