Company: BBVXF
Filing Date: 2025-09-05
Form Type: 425
Source: 0001193125-25-196725
Chunk: 3

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 425
Chunk 3
---
 nature, including those relating to the exchange offer, capital generation and capital distribution, and goals regarding return on tangible equity, book value and dividends per share, cost/income ratio and net attributable proﬁt. The information contained in this presentation reﬂects our current expectations, outlook, goals and targets, which are based on various assumptions, judgments and projections, including non-ﬁnancial considerations such as those related to sustainability, which may differ from and not be comparable to those used by other companies. Forward-looking statements are not guarantees of future results and actions, and actual results and actions may differ materially from those anticipated in the forward-looking statements as a result of certain risks, uncertainties and other factors. These factors include, but are not limited to, BBVA’s ability to complete the exchange offer and, if applicable, integrate Banco Sabadell successfully, and any unanticipated costs, losses or other impacts in connection therewith, as well as, more generally, (1) market conditions, macroeconomic factors, domestic and international stock market movements, exchange rates, inﬂation and interest rates; (2) regulatory and oversight factors, political and governmental guidelines, social and demographic factors; (3) changes in the ﬁnancial condition, creditworthiness or solvency of our clients, debtors or counterparties, such as changes in default rates, as well as changes in consumer spending, savings and investment behavior, and changes in our credit ratings; (4) competitive pressures and actions we take in response thereto; (5) performance of our IT, operations and control systems and our ability to adapt to technological changes; (6) climate change and the occurrence of natural or man-made disasters, such as an outbreak or escalation of hostilities; and (7) our ability to appropriately address any expectations or obligations (related to our business, management, corporate governance, disclosure or otherwise), and the cost thereof. BBVA has identiﬁed some of the risks inherent in forward-looking statements in “Item 3. Key Information—Risk Factors”, “Item 4. Information on the Company”, “Item 5. Operating and Financial Review and Prospects” and “Item 11. Quantitative and Qualitative Disclosures About Market Risk” of its Annual Report on Form 20-F for 2024. In addition to the above, BBVA has identiﬁed certain risks that are speciﬁc to the exchange offer that could also cause actual results to