Company: BBVXF
Filing Date: 2025-09-05
Form Type: 6-K
Source: 0001193125-25-196971
Chunk: 1

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 6-K
Chunk 1
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 and a European leader in growth and profitability. Now is the time,” BBVA Chair Carlos Torres Vila said. The offer involves the exchange of one common share in BBVA plus €0.70 in cash for every 5.5483 Banco Sabadell shares, which would give Banco Sabadell shareholders a stake of 13.6 percent 2in BBVA, thus benefiting from the value generated by the project. This is a highly attractive offer for Banco Sabadell shareholdersfor several reasons:

| • |     | Following BBVA’s offer, Banco Sabadell share price stands at its highest level in more than a decade. |

1Estimates based on a fully phased-in post-taxsynergies; a net income of €1.6 billion for Banco Sabadell and €12 billion for BBVA as the average net income for the 2025-2028 period. The total shares outstanding for the combined entity assumes that (a ) the €1 billion share buyback announced by BBVA in April 2025 is executed post closing of the voluntary tender offer; and (b) that the capital generated from the TSB sale and the extraordinary dividend is reinvested in shares of the combined entity. Figures consider a 100 percent take-upand a price for BBVA of €15.81 (as of September 4, 2025). 2Considering a 100 percent take-upof the offer.

| PRESS RELEASE 
 09.05.2025    |

| • |     | BBVA’s current valuation and its upside potential. Analysts forecast an upside of up to +8 percent for BBVA 
 shares, while Banco Sabadell’s could see a downward correction of around -3 percent5.                       |

| • |     | While the implementation of total synergies -estimated at                                                                                                                                                     
 €900 million per year following the merger6 would be delayed for one year compared to the original scenario (i.e. 2029 instead of 2028)                                                                       
 due to the condition imposed by the Spanish Council of Ministers, the preparation for the integration in previous years will enable the full realization of synergies in the first year following the merger. |

| • |     | The transaction will create significant future value for Banco Sabadell shareholders, who will obtain earnings per share 
 (EPS) 25 percent higher than what they could with a standalone Sabadell.                                                 |

For BBVA shareholders,this transaction is also accretive in terms of earnings per share from the