Business Context and Reporting Period
This Form 6-K filing by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) covers the period ending August 3, 2026. The report serves as a notification of the completion of the Third Tranche of BBVA's share buyback Program Scheme, executed in compliance with Spanish securities market legislation and EU Regulation No 596/2014.
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 management activities regarding the repurchase of own shares.
- Total Buyback Amount (Third Tranche): 1,460 million euros (maximum monetary amount reached).
- Total Shares Acquired (Third Tranche): 70,339,213 shares.
- Share Capital Impact: Approximately 1.26% of BBVA's share capital as of the reporting date.
- Recent Transaction Volume (July 27 - August 3, 2026): 6,980,298 shares purchased.
- Recent Weighted Average Prices: Ranged from 22.8564 euros to 24.5812 euros per share during the specified week.
Material Changes
The primary material change is the conclusion of the Third Tranche execution. BBVA has reached the maximum monetary limit of 1,460 million euros previously communicated in Inside Information notices dated December 19, 2025, and April 30, 2026. Consequently, no further purchases under this specific tranche are expected.
Outlook, Management Commentary, and Risks
Management Commentary: BBVA states that the purpose of the Third Tranche is to reduce share capital through the redemption of the acquired shares. The company expects to carry out the redemption of all 70,339,213 own shares acquired during this tranche.
Risks and Contingencies: The filing does not disclose new risks or contingencies beyond the standard regulatory compliance with the Market Abuse Regulation (EU) No 596/2014.
Investor Verification Checklist
- Verify the official announcement of the share capital reduction and the specific timeline for the redemption of the 70,339,213 acquired shares.
- Confirm the impact of the 1.26% capital reduction on earnings per share (EPS) and book value per share in subsequent financial reports.
- Review the full text of the Inside Information notices (CNMV registration numbers 3046 and 3187) for details on the original Program Scheme parameters.
- Monitor future filings for the initiation of any subsequent buyback tranches or capital management programs.