Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196713
Chunk: 7

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 7
---
TSR ) since January 2019 (%) Day before disclosure of merger discussions % +397 % +341 EUROPEAN % BANKS +221 % SPANISH +199 BANKS 2 01/01/19 29/04/24 04/09/25 Note: European Banks: Stoxx Europe 600 Banks. Spanish Banks: BKT, CABK, SAN, UNI. (1) TSR includes the evolution of the share price + dividends. (2) Apr 29, 2024: is the day before the merger discussions were p. 10 p. 10 disclosed. “Undisturbed Price” is the share price as of Apr 29, 2024 .

BBVA, A GREAT PARTNER 2 BBVA Financial Goals Imply Sustained Delivery in Coming Years Net Attributable ROTE TBV + DIV per share C/I Ratio Proﬁt (%, current €) (%, current €) (%, current €) (current €) % % Mid-teens c.22 c.35 c.48 €Bn Cumulative Avg. 2025-2028 CAGR 2024-2028 2028 2025-2028 p. 11 p. 11 Note: BBVA standalone ﬁgures. Figures in 2Q´25 Results presentation.

SIGNIFICANT VALUE CREATION 3 Signiﬁcant Value Creation through Synergies which Have Been Upgraded 1 Increased Annual Synergies Post-Merger (pre-tax) +50€Mn vs. original plan 900 €Mn 835 €Mn 65 €Mn 510 €Mn 325 €Mn COST SYNERGIES FUNDING SYNERGIES Opex savings Personnel cost savings % 1.45 €Bn Equivalent to 13.5 3 restructuring costs (pre-tax) of Banco Sabadell ex-UK 2 c.96% Booked in the year of merger + BBVA Spain cost base (1) Assuming closing of the announced sale of TSB. (2) Considering 2Q’25 last twelve months cost base indexed according to expected inﬂation. (3) Additionally, 48 €Mn annual amortization of capital p. 12 p. 12 expenditures (pre-tax) will be booked over 5 years following the merger.

SIGNIFICANT VALUE CREATION 3 Fully Phased-in Synergies with One Year