Business Context and Reporting Period
This Form 6-K filing by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) covers the period ending March 6, 2026. The report 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 activities.
- Total Buyback Amount: €1,500 million (Maximum monetary amount reached).
- Total Shares Acquired: 74,963,302 own shares.
- Share Capital Impact: Approximately 1.31% of BBVA's share capital as of the filing date.
Material Changes
The primary material change is the completion of the "First Tranche" of Program Scheme 1. BBVA has reached the maximum monetary limit of €1,500 million previously communicated in Inside Information notices dated October 16, 2025, and December 19, 2025. The final acquisitions occurred between March 2 and March 6, 2026.
Outlook, Management Commentary, and Risks
Management Commentary: BBVA states that the purpose of the First Tranche is to reduce share capital through the redemption of the acquired shares. The company expects to carry out the redemption of all 74,963,302 shares acquired during this tranche.
Regulatory Compliance: All acquisitions were notified in accordance with Regulation (EU) No 596/2014. J.P. Morgan SE acted as the manager for the First Tranche.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the standard execution of the capital reduction plan.
Investor Verification Checklist
- Verify the official announcement of the share capital reduction and the specific timeline for the redemption of the 74,963,302 shares.
- Confirm the impact of the 1.31% capital reduction on earnings per share (EPS) and book value per share in subsequent financial reports.
- Review the original Inside Information notices (CNMV registration numbers 2942 and 3046) for details on the remaining tranches of Program Scheme 1, if any.
- Check for any regulatory approvals required for the capital reduction in Spain prior to the final redemption.