Business Context and Reporting Period
This Form 6-K filing by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) covers the period of February 2026, specifically reporting on share buyback activities executed between February 16 and February 20, 2026. The report details the execution of the first tranche of a share repurchase program previously announced on December 19, 2025.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the share buyback program:
- Cash Amount Purchased: €1,141,180,340.59
- Program Progress: Approximately 76.08% of the maximum cash amount for the First Tranche has been utilized.
Material Changes
The material change reported is the progression of the First Tranche share buyback. As of February 20, 2026, BBVA has executed transactions representing roughly three-quarters of the authorized cash amount for this specific tranche.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future earnings, or discussion of general business risks. It is a compliance disclosure pursuant to Article 5 of Regulation (EU) no. 596/2014 regarding market abuse, confirming the execution of inside information previously disclosed.
Investor Verification Checklist
- Verify the total maximum cash amount authorized for the First Tranche to calculate the remaining buyback capacity.
- Confirm the current share price to estimate the number of shares repurchased based on the €1.14 billion cash outlay.
- Review the original December 19, 2025, inside information notice (Registration No. 3046) for the full terms of the buyback program.
- Check subsequent filings for the completion date of the First Tranche and any announcements regarding a Second Tranche.