BBVA Files April 2024 Foreign Issuer Report

Ticker: BBVXF · Form: 6-K · Filed: Apr 29, 2024 · CIK: 842180

Banco Bilbao Vizcaya Argentaria, S.A. 6-K Filing Summary
FieldDetail
CompanyBanco Bilbao Vizcaya Argentaria, S.A. (BBVXF)
Form Type6-K
Filed DateApr 29, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: sec-filing, foreign-issuer, routine-report

TL;DR

BBVA filed its monthly 6-K report with the SEC on 4/29/24, standard procedure for foreign issuers.

AI Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a Form 6-K on April 29, 2024, reporting for the month of April 2024. The filing is a report of a foreign issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. BBVA is incorporated in Spain and its principal executive offices are located in Madrid.

Why It Matters

This filing provides routine updates for investors and regulators regarding BBVA's activities as a foreign issuer. It ensures transparency and compliance with US securities laws.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign issuer and does not contain specific financial results or significant corporate actions.

Key Players & Entities

FAQ

What is the purpose of a Form 6-K filing?

A Form 6-K is a report of a foreign issuer required to be filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, providing information that the issuer has made or is required to make public in its home country.

What is the filing date of this specific 6-K report?

This Form 6-K was filed as of April 29, 2024.

Where are Banco Bilbao Vizcaya Argentaria, S.A.'s principal executive offices located?

The principal executive offices of Banco Bilbao Vizcaya Argentaria, S.A. are located at Calle Azul 4, 28050 Madrid, Spain.

Does BBVA file annual reports under Form 20-F or Form 40-F?

The filing indicates that BBVA files annual reports under cover of Form 20-F.

What is the SIC code for Banco Bilbao Vizcaya Argentaria, S.A.?

The Standard Industrial Classification (SIC) code for Banco Bilbao Vizcaya Argentaria, S.A. is 6029, which corresponds to Commercial Banks, NEC.

Filing Stats: 4,501 words · 18 min read · ~15 pages · Grade level 10.3 · Accepted 2024-04-29 07:06:54

Filing Documents

From the Filing

6-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrants name into English) Calle Azul 4, 28050 Madrid Spain (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): YesNo Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): YesNo Table of Contents Table of Contents Table of Contents Main data BBVA GROUP MAIN DATA (CONSOLIDATED FIGURES) 31-03-24 % 31-03-23 31-12-23 Balance sheet (millions of euros) Total assets 801,690 8.4 739,564 775,558 Loans and advances to customers (gross) 400,457 7.2 373,481 388,912 Deposits from customers 436,763 10.3 395,880 413,487 Total customer funds 615,076 10.5 556,839 577,853 Total equity 55,778 8.4 51,471 55,265 Income statement (millions of euros) Net interest income 6,512 15.4 5,642 23,089 Gross income 8,218 18.1 6,958 29,542 Operating income 4,835 22.7 3,942 17,233 Net attributable profit (loss) 2,200 19.1 1,846 8,019 The BBVA share and share performance ratios Number of shares outstanding (million) 5,838 (3.2) 6,030 5,838 Share price (euros) 11.04 68.0 6.57 8.23 Adjusted earning (loss) per share (euros) (1) 0.37 20.9 0.30 1.32 Earning (loss) per share (euros) (1) 0.36 23.4 0.29 1.29 Book value per share (euros) (1) 9.04 12.7 8.02 8.86 Tangible book value per share (euros) (1) 8.62 12.7 7.65 8.46 Market capitalization (millions of euros) 64,451 62.7 39,624 48,023 Significant ratios (%) ROE (net attributable profit (loss)/average shareholders funds +/- average accumulated other comprehensive income) (1) 16.9 15.5 16.2 ROTE (net attributable profit (loss)/average shareholders funds excluding average intangible assets +/- average accumulated other comprehensive income) (1) 17.7 16.3 17.0 ROA (profit (loss) for the period / average total assets-ATA) (1) 1.19 1.11 1.12 RORWA (profit (loss) for the period / average risk-weighted assets - RWA) (1) 2.50 2.36 2.38 Efficiency ratio (1) 41.2 43.3 41.7 Cost of risk (1) 1.39 1.05 1.15 NPL ratio (1) 3.4 3.3 3.4 NPL coverage ratio (1) 76 82 77 Capital adequacy ratios (%) CET1 fully-loaded 12.82 13.13 12.67 CET1 phased-in (2) 12.82 13.13 12.67 Total ratio phased-in (2) 16.66 16.30 16.58 Other information Number of active customers (million) (3) 74.1 6.6 69.4 73.0 Number of shareholders (4) 726,100 (7.6) 786,031 742,194 Number of employees 121,563 4.0 116,923 121,486 Number of branches 5,912 (2.3) 6,051 5,949 Number of ATMs 30,432 1.8 29,882 30,301 (1) For more information, see Alternative Performance Measures at the end of this report. (2) Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis amendments of the Capital Requirements Regulation (CRR), introduced by the Regulation (EU) 2020/873. For the periods shown in this table, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (3) Reported figures include clients from Italy, as well as an adjustment for homogenization of criteria in Peru with the rest of the countries. (4) See footnote to table of structural distribution of shareholders in the Capital and shareholders chapter of this report. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Table of Contents Contents Highlights 4 Macroeconomic environment 8 Group 9 Results 9 Balance sheet and business activity 14 Capital and shareholders 16 Risk management 19 Business areas 25 Spain 28 Mexico 31 Turkey 34 South America 38 Rest of Business 43 Corporate Center 46 Other pro forma information: Corporate & Investment Banking 48 Alternative Performance Measures (APMs) 51 Disclaimer 57 Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Table of Contents 4 Highlights Results and business activity The BBVA Group generated a net attributable profit of 2

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