Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 11
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 Source: Bloomberg as of Sep 4, 2025.

HIGHLY ATTRACTIVE OFFER 4 Analysts Forecast an Upside for BBVAʼs Share Price which is not the Case for Sabadell Shares Market Price vs. Target Price of Analysts % % -3 +8 valuation valuation 17.13€ 1 1 3.25€ gap 15.81€ gap 3.15€ 2 2 Current Price Target Price Current Price Target Price 18€ 4€ 14€ Target Target 3€ Current Current 10€ 2€ 6€ 1€ 2€ Aug’20 Aug’21 Aug’22 Aug’23 Aug’24 Sep’25 Aug’20 Aug’21 Aug’22 Aug’23 Aug’24 Sep’25 Source: Equity analyst’s target prices published on the website of respective banks (1) Valuation gap upside/downside calculated as the difference between the stock price as of Sep 4, 2025 vs. the median of analyst’s updated target prices post 2Q’25 results. (2) Target prices (€/share) BBVA: Alantra 16.0; Autonomous 16.8; Bankinter 17.45; Barclays 18.0; Bestinver 17.9; Deutsche Bank 15.9; Exane BNP 13.8; GVC p. 19 Gaesco 18.0; Intesa Sanpaolo 15.1; JB Capital 16.5; Jefferies 17.7; KBW 17.95; Oddo 16.0; RBC 17.5. Target prices (€/share) Banco Sabadell: Autonomous 2.71; Barclays 3.2; RBC 3.05; KBW 3.57; JB Capital 4.0; Exane BNP 3.1.

HIGHLY ATTRACTIVE OFFER 4 BBVA Current Multiple Implies Upside Potential 1 P/E+2y Premium Evolution BEFORE and AFTER the Day Before Disclosure of Merger Discussions 5 Apr 29, 2024 3 +2.7% 4 +1.4% 3 -4.1% 4 -8.3% 2 2 BBVA vs. European Peers Banco Sabadell vs. European Peers (1) Based on FactSet consensus. (2) European Peers include: