Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 12
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 ABN, BARC, BKT, BNPP, BPER, BPM, CABK, CASA, CBK, DB, ERSTE, HSBC, ING, ISP, KBC, LBG, MB.MI, NDA, RBI, SAN, SG, SEB, STAN, SWEAB, UGC. p. 20 p. 20 (3) Average Jan 1, 2023 - Apr 29, 2024. (4) Average Apr 29, 2024 - Sep 04, 2025. (5) Apr 29, 2024, day before merger discussions were disclosed.

POSITIVE FINANCIAL IMPACTS 5 Attractive Accretion for Both BBVA and Banco Sabadell Shareholders BBVA shareholders Sabadell shareholders 1 EPS Accretion % % +5 +25 Post Merger (1) EPS: Earnings per share. Estimated based on fully phased-in post-tax synergies, a net income of 1.6 €Bn for Banco Sabadell as disclosed by Banco Sabadell in their Capital Markets Day 2025 presentation and 12 €Bn for BBVA as the average net income for the period 2025-2028 as discussed during the 2Q’25 earnings webcast call. The total shares outstanding for the combined entity assumes that (a) the 1 €Bn share buyback announced by BBVA in Apr’25 is executed post closing of the voluntary tender offer and (b) that the capital generated from the TSB sale and extraordinary dividend is reinvested in shares of the combined entity. p. 21 p. 21 Numbers consider a 100% take-up and a price for BBVA of 15.81€/Sh. (Sep 4, 2025).

POSITIVE FINANCIAL IMPACTS 5 Highly Attractive Returns for BBVA Shareholders with Limited Capital Impact Estimated Transaction Limited Capital Impact at Closing and Positive 1 1 Impact on CET1% After TSB Sale and Extraordinary Dividend +259 bps -226 bps 100% VTO -34 bps +26 bps Take-up Closing AT CLOSING AFTER TSB SALE & EXTRAORDINARY DIVIDEND 50% -49 bps -12 bps Take-up -52 bps +60 bps 2 Incremental ROIC for BBVA Shareholders -15 bps After TSB Sale and Extra