Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 35

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 35
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     |                                      |     | 1,553 |      |     | 1,130 |   37.4 |
| Tax expense or income related to profit or loss from continuing operations                                                              |     |                                      |     |  -528 |      |     |  -417 |   26.4 |
| Profit                                                                                                                                  |     |                                      |     | 1,025 |      |     |   713 |   43.8 |
| Profit attributable to non-controlling interests                                                                                        |     |                                      |     |    -1 |      |     |    -1 |      — |
| Profit attributable to parent company                                                                                                   |     |                                      |     | 1,024 |      |     |   712 |   43.8 |

(1) Includes “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.

(2) Calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

#### Net interest income
Net interest income of this operating segment for the three months ended March 31, 2025 amounted to €1,607 million, a 1.2% increase compared with the €1,587 million recorded for the three months ended March 31, 2024, mainly as a result of the higher contribution from the securities portfolio and the lower funding costs from the wholesale portfolio, partially offset by the impact of interest rates cuts implemented by the ECB since the second half of 2024 on the consumer and household loan portfolios, which are mostly referenced to variable interest rates. The net interest margin over average total assets of this operating segment amounted to 1.55% for the three months ended March 31, 2025, compared with 1.44% for the three months ended March 31, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the three months ended March 31, 2025 amounted to €590 million, a 6