Business Context and Reporting Period
This Form 6-K filing by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) covers the month of December 2025, with the report dated December 10, 2025. The filing serves as a notification of "Other Relevant Information" regarding the completion of a share buyback program.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure changes related to share repurchases.
- Total Buyback Amount: 993 million euros (maximum monetary amount reached).
- Total Shares Acquired: 54,316,765 own shares.
- Share Capital Impact: Approximately 0.93% of BBVA's share capital as of the filing date.
Material Changes
The primary material change is the conclusion of the Buyback Program previously announced in Inside Information notices dated January 30, 2025, and October 30, 2025. The program has reached its maximum monetary limit of 993 million euros. Transactions were executed on December 9 and 10, 2025, to finalize the acquisition of the remaining shares.
Outlook and Management Commentary
Management states that the purpose of the Buyback Program is to reduce BBVA's share capital through the redemption of the acquired shares. The company expects to carry out the redemption of all 54,316,765 own shares acquired during the program. All acquisitions were notified in compliance with Regulation (EU) No 596/2014.
Investor Verification Checklist
- Verify the official announcement of the share capital reduction and the timeline for the redemption of the 54,316,765 acquired shares.
- Confirm the impact of the 0.93% capital reduction on earnings per share (EPS) and book value per share in subsequent financial reports.
- Review the specific transaction details for December 9 and 10, 2025, in the company's regulatory filings to ensure full compliance with EU market abuse regulations.