BBVA Files Routine 6-K Report

Ticker: BBVXF · Form: 6-K · Filed: Oct 31, 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 DateOct 31, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: 6-K, foreign-private-issuer, regulatory-filing

TL;DR

BBVA filed its quarterly 6-K, just a routine check-in, no major news.

AI Summary

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a Form 6-K on October 31, 2024, reporting on its activities for the period ending September 30, 2024. This filing is a routine report for foreign private issuers and does not contain specific financial results or material events beyond its periodic reporting obligations.

Why It Matters

This filing indicates BBVA is meeting its regulatory reporting requirements as a foreign private issuer. Investors can use this to confirm ongoing compliance.

Risk Assessment

Risk Level: low — This is a standard, routine filing by a foreign private issuer and does not contain new material information or significant financial updates.

Key Players & Entities

FAQ

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

This Form 6-K is a Report of Foreign Private Issuer filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of October 2024.

What is the period of report for this filing?

The conformed period of report is 20240930.

When was this filing made?

The filing was made on 20241031.

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

Yes, BBVA indicates it files annual reports under Form 20-F.

What is the principal executive office address for BBVA?

The principal executive offices are located at Calle Azul, 4, 28050 Madrid, Spain.

Filing Stats: 4,655 words · 19 min read · ~16 pages · Grade level 11.4 · Accepted 2024-10-31 07:42:25

Filing Documents

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October, 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 Registrant's 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-F X Form 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) Yes No X 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) Yes No X Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. Main data BBVA GROUP MAIN DATA (CONSOLIDATED FIGURES) 30-09-24 % 30-09-23 31-12-23 Balance sheet (millions of euros) Total assets 769,341 1.5 757,736 775,558 Loans and advances to customers (gross) 397,891 2.7 387,565 388,912 Deposits from customers 437,834 8.4 403,861 413,487 Total customer funds 620,891 10.0 564,346 577,853 Total equity 56,772 6.2 53,453 55,265 Income statement (millions of euros) Net interest income 18,861 5.7 17,843 23,089 Gross income 26,161 18.4 22,104 29,542 Operating income 15,972 24.2 12,863 17,233 Net attributable profit (loss) 7,622 27.9 5,961 8,019 The BBVA share and share performance ratios Number of shares outstanding (million) 5,763 (3.4) 5,965 5,838 Share price (euros) 9.71 25.9 7.71 8.23 Adjusted earning (loss) per share (euros) 1.28 30.1 0.98 1.32 Earning (loss) per share (euros) 1.27 32.9 0.96 1.29 Book value per share (euros) 9.19 7.8 8.53 8.86 Tangible book value per share (euros) 8.79 8.1 8.13 8.46 Market capitalization (millions of euros) 55,962 21.7 45,994 48,023 Significant ratios (%) ROE (net attributable profit (loss)average shareholders' funds +- average accumulated other comprehensive income) 19.2 16.3 16.2 ROTE (net attributable profit (loss)average shareholders' funds excluding average intangible assets +- average accumulated other comprehensive income) 20.1 17.0 17.0 ROA (profit (loss) for the period average total assets - ATA) 1.37 1.13 1.12 RORWA (profit (loss) for the period average risk-weighted assets - RWA) 2.81 2.40 2.38 Efficiency ratio 38.9 41.8 41.7 Cost of risk 1.42 1.11 1.15 NPL ratio 3.3 3.3 3.4 NPL coverage ratio 75 79 77 Capital adequacy ratios (%) CET1 fully loaded 12.84 12.73 12.67 CET1 phased-in 12.84 12.73 12.67 Total ratio phased-in 17.09 16.51 16.58 Other information Number of active customers (million) 76.9 6.6 72.1 73.1 Number of shareholders 717,667 (6.1) 764,567 742,194 Number of employees 125,083 3.8 120,457 121,486 Number of branches 5,863 (2.6) 6,017 5,949 Number of ATMs 30,569 1.7 30,058 30,301 For more information, see Alternative Performance Measures at the end of this report. 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) 2020873. For the periods shown in this table, there are no differences between phased-in and fully loaded ratios due to the aforementioned temporary treatment. Reported figures include clients from Italy, as well as an adjustment for homogenization of criteria in Peru and Venezuela with the rest of the countries. 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. Contents Highlights 4 Macroeconomic environment 9 Group 10 Results 10 Balance sheet and business activity 16 Capital and shareholders 18 Risk management 21 Business areas 27 Spain 30 Mexico 34 Turkey 38 South America 42 Rest of Business 47 Corporate Center 50 Other pro forma information Corporate Investment Banking 51 Alternative Performance Measures (APMs) 54 Legal disclaimer 60 Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails. 4 Highlights Results and business activity The BBVA Group generated a net attributable profit of 7,622m between January and September of 2024, again driven by the performance of recurring revenues of the banking business, that is, net interest income and net fees and commissions, which together and exclu

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