Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 128

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 128
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 (29.3 | ) |
| Other impairments                           |     |                      |    (41 | ) |     |         |    (29 | ) |     |                     |   40.5 |   |
| Gains on sale of assets and other results   |     |                      |    (12 | ) |     |         |     (2 | ) |     |                     |      — |   |
| Profit before tax                           |     |                      |  1,431 |   |     |         |  1,154 |   |     |                     |   24.0 |   |
| Income tax                                  |     |                      |   (454 | ) |     |         |   (362 | ) |     |                     |   25.4 |   |
| Minority interest                           |     |                      |      1 |   |     |         |      1 |   |     |                     |   49.4 |   |
| Attributable net profit                     |     |                      |    975 |   |     |         |    791 |   |     |                     |   23.3 |   |

Net Interest Income Net interest income amounted to €2,425 million as at the end of June 2025, representing a year-on-year reduction of 2.7%, mainly driven by the performance in Spain, which saw lower credit yields and a reduced contribution by credit institutions impacted by lower interest rates, which reduced the growth recorded by TSB underpinned by the structural hedge. 84

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025.

This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all

information herein remains strictly confidential.

Customer Margin and Net Interest Margin

The customer margin stood at 2.98% as at the end of June 2025, falling by 20 basis points compared to the end of the previous June and by 7
basis points during the quarter, mainly due to lower credit yields, in turn affected by lower interest rates, which offset the reduced cost of deposits. Excluding TSB, the customer margin stood at 3.00%, representing a reduction of 41 basis points
compared to the end of the previous June and of 10 basis points during the quarter.

The net interest margin as a percentage of
average total assets fell by 13 basis points year-on-year and by 5 basis points