Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 98

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 98
---
 position or results of the combined group. In preparing the pro forma financial information included in this section “ —Unaudited Pro Forma Condensed Financial Information”, BBVA did not have access to non-publicinformation regarding the Target Company. As a result, BBVA prepared the pro forma financial information using solely publicly-available information regarding the Target Company, and financial information of BBVA. The pro forma financial information included herein has been subject to rounding. As a result, figures shown as totals in tables or elsewhere in this section “— Unaudited Pro Forma Condensed Financial Information” may not compute due to rounding. Purpose of Pro Forma Financial Information The pro forma financial information has been prepared in accordance with Article 11 of Regulation S-X and on the basis of the facts and circumstances of the transaction set forth under the headings “— Sources of Information” and “— Assumptions and Estimations Used”. Its purpose is to reflect the estimated impact of completion of the Exchange Offer under the assumption that 100% and 50.01%, respectively, of the issued and outstanding shares of the Target Company (each, a “ Target Company share”) are acquired in exchange for newly-issued ordinary shares of BBVA (each, a “ BBVA share”) according to the exchange ratio. See also “ — Impact of Other Potential Scenarios in the Pro Forma Financial Information”. The pro forma financial information includes (i) a combined unaudited condensed consolidated pro forma balance sheet of the BBVA Group as of June 30, 2024 which would result from the combination of the consolidated balance sheet of the Target Company Group and the consolidated balance sheet of the BBVA Group as of such date; and (ii) combined unaudited condensed consolidated pro forma income statements of the BBVA Group for the year ended December 31, 2023 and for the six months ended June 30, 2024, respectively, which would result from the combination of the consolidated income statement of the Target Company Group and the consolidated income statement of the BBVA Group for such periods, in each case assuming completion of the

| 1 | Adjusted to include the impact of distributions made by BBVA and the Target Company since the announcement of 
 the Exchange Offer.                                                                                           |

S-61

Exchange Offer, the acquisition of 100% and 50.01%, respectively, of the Target Company shares in exchange for newly-issued BBVA shares according to the exchange ratio, and the related change of control of the Target Company, had occurred