BBVA Files 6-K with Mid-Year Financial Updates

TL;DR

BBVA's 6-K shows updated equity figures as of June 30, 2024, compared to year-end 2023.

AI Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a 6-K report for the period ending June 30, 2024. The filing includes financial data, with specific figures for issued capital, share premium, retained earnings, and other equity components as of December 31, 2023, and June 30, 2024. The report details changes in equity and capital structure over the specified periods.

Why It Matters

This filing provides investors with key financial data for BBVA, including changes in its capital structure and equity, which are crucial for assessing the bank's financial health and performance.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing standard financial data updates, not indicating any immediate or significant new risks.

Key Numbers

• EUR — Currency (Used for financial reporting)
• xbrli:shares — Unit of Measure (Indicates share-based reporting)

Key Players & Entities

• BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (company) — Filer
• BBVA (company) — Company Name Abbreviation
• 20240630 (date) — Period of Report
• 20240731 (date) — Filing Date
• 2023-12-31 (date) — Previous Fiscal Year End

FAQ

Filing Documents

• bbva-20240630.htm (6-K) — 4417KB
• bbva-20240630_g1.jpg (GRAPHIC) — 175KB
• bbva-20240630_g2.gif (GRAPHIC) — 184KB
• 0000842180-24-000026.txt ( ) — 20082KB
• bbva-20240630.xsd (EX-101.SCH) — 261KB
• bbva-20240630_cal.xml (EX-101.CAL) — 185KB
• bbva-20240630_def.xml (EX-101.DEF) — 422KB
• bbva-20240630_lab.xml (EX-101.LAB) — 1396KB
• bbva-20240630_pre.xml (EX-101.PRE) — 928KB
• bbva-20240630_htm.xml (XML) — 4091KB

Business Overview

Item 4B. Business Overview 7

Selected Statistical Information

Item 4E. Selected Statistical Information 15

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects 28

Operating Results

Item 5A. Operating Results 28

Liquidity and Capital Resources

Item 5B. Liquidity and Capital Resources 55 Other Matters 59 Unaudited Condensed Interim Consolidated Financial Statements F- 1 This Form 6-K is incorporated by reference into BBVA's Registration Statement No. 333-266391 on Form F-3 and Registration Statements Nos. 333-240248, 333-228053, 333-217073, 333208728, 333199835, 333-191625, 333-185538 and 333-178186 on Form S-8 filed with the Securities and Exchange Commission ("SEC"). CERTAIN TERMS AND CONVENTIONS The terms below are used as follows throughout this report: " BBVA ", the " Bank ", the " Company ", the " Group ", the " BBVA Group " or first person personal pronouns, such as "we", "us", or "our", mean Banco Bilbao Vizcaya Argentaria, S.A. and its consolidated subsidiaries unless otherwise indicated or the context otherwise requires. " BBVA Mexico " means Grupo Financiero BBVA Bancomer, S.A. de C.V. and its consolidated subsidiaries, unless otherwise indicated or the context otherwise requires. " Consolidated Financial Statements " means our audited consolidated financial statements as of and for the years ended December 31, 2023, 2022 and 2021, presented in compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board (" IFRS-IASB "), as well as in accordance with the International Financial Reporting Standards endorsed by the European Union (" EU-IFRS ") applicable as of December 31, 2023, considering Bank of Spain Circular 4/2017, as well as its successive amendments, and any other legislation governing financial reporting which was applicable and with the format and mark-up requirements established in the EU Delegated Regulation 2019/815 of the European Commission. The Consolidated Financial Statements are included in our 2023 Form 20-F. " Garanti BBVA " means Trkiye Garanti Bankas A.., and its consolidated subsidiaries, unless otherwise indicated or the context otherwise requires. " Latin America " refers to Mexico and the countries

Business Overview

Item 4B. Business Overview The BBVA Group is a customer-centric global financial services group founded in 1857. Internationally diversified and with strengths in the traditional banking businesses of retail banking, asset management and wholesale banking, the Group is committed to offering a compelling digital proposition focused on customer experience. For this purpose, the Group is focused on increasingly offering products online and through mobile channels, improving the functionality of its digital offerings and refining the customer experience, contributing to the delivery of its strategy in a sustainable and inclusive way. BBVA places sustainability at the core of its strategy. Sustainability is impacting the banking business, affecting not only relations with customers but also internal processes. During the six months ended June 30, 2024, the number of digital and mobile phone customers and the volume of digital transactions continued to increase. Operating Segments As of June 30, 2024, the structure of the operating segments used by the BBVA Group for management purposes remained the same as in 2023. Set forth below are the Group's current five operating segments: Spain; Mexico; Turkey; South America; and Rest of Business. In addition to the operating segments referred to above, the Group has a Corporate Center which includes those items that have not been allocated to an operating segment. It includes the Group's general management functions, including costs from central units that have a corporate function; management of structural exchange rate positions carried out by the Assets & Liabilities Management unit; certain proprietary portfolios; certain tax assets and liabilities; certain provisions related to commitments with employees; and goodwill and other intangibles, as well as the financing of such asset portfolios. It also includes the results of the Group's stake in the venture capital fund Propel Venture Partners. Following the public

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View this 6-K filing on SEC EDGAR