24 slides from Banco Bilbao Vizcaya Argentaria's earnings presentation, February 2026
Slide 1: 4Q25 BBVA Group Corporate Presentation
4Q25 BBVA Group Corporate Presentation
Slide 2: Disclaimer
4Q25 CORPORATE PRESENTATION Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire securities
Slide 3: About BBVA
4Q25 CORPORATE PRESENTATION About BBVA BBVA’s GLOBAL PRESENCE FINANCIAL HIGHLIGHTS DECEMBER 2025 DECEMBER 2025 Countries Employees Net attributable profit 2025 CET 1 >25 127,174 10,511M€ 12.70% Branches Active Clients Total Loans and advances Deposits from assets to customers (gross) customers 5,642
Slide 4: Our purpose: Support your drive to go further
BBVA Corporate Presentation | 4 | 4Q25 CORPORATE PRESENTATION Our purpose: “Support your drive to go further” OUR VALUES Customer We think We are comes first big one team p. 4
Slide 5: Our strategic priorities will strengthen our leadership position
4Q25 CORPORATE PRESENTATION Our strategic priorities will strengthen our leadership position Embed a Radical Client Scale up All Strengthen Perspective Enterprise Our Empathy, in All We Do Segments Succeed as a Winning Team Promote a Boost Value and Unlock the Sustainability Capital Potential of as
Slide 6: A well-diversified footprint with leading franchises
4Q25 CORPORATE PRESENTATION A well-diversified footprint with leading franchises BREAKDOWN BY BUSINESS AREA MARKET POSITION RANKING AND MARKET SHARE2 Rest of Business 10% SPAIN # 3 14.2% South America 9% Spain TOTAL ASSETS1 Turkey 10% 51% MEXICO # 1 25.6% Dec. 25 Mexico 20% TURKEY # 2 19.3% Rest of B
Slide 7: 2025 Key Financial Messages
4Q25 CORPORATE PRESENTATION 2025 Key Financial Messages NET INTEREST INCOME Strong activity drives Net Interest Income growth +13.9% vs. 2024 CONSTANT NET FEES AND COMMISSIONS Excellent fee income evolution +14.6% vs. 2024 CONSTANT EFFICIENCY RATIO Positive jaws and leading efficiency ratio 38.8% -20
Slide 8: Record Customer Growth driven by Digital
4Q25 CORPORATE PRESENTATION Record Customer Growth driven by Digital NEW CUSTOMERS1 (BBVA GROUP, MILLION; % ACQUISITION THROUGH DIGITAL CHANNELS) SPAIN 11.5 3.7x REVENUE PER CUSTOMER 11.3 11.1 11.4 8.7 Year 5 vs. year 1 of TOTAL 7.2 acquisition Digital MEXICO 66% CREDIT CARDS 75% % total units sales
Slide 9: Positive impact on society through our activity
4Q25 CORPORATE PRESENTATION Positive impact on society through our activity BBVA GROUP LOAN GROWTH1 +16.2% (YOY, CONSTANT €) + 11.7% (YOY, CURRENT €) Families SMEs and Larger Social Initiatives self-employed Corporates 160,000 families bought their 1,000,000 boosted their business 2 73,000 invested
Slide 10: Advancing in the Execution of our Strategy
4Q25 CORPORATE PRESENTATION Advancing in the Execution of our Strategy Radically adopting the Maximizing the potential customer perspective of AI and Innovation Clear AI roadmap defined through 8 strategic initiatives: Reduction in ー Digital Advisor (Blue) ー Software Development NPS1 Position2 negati
Slide 11: 2025 Profit & Loss
4Q25 CORPORATE PRESENTATION 2025 Profit & Loss Change 12M25/12M24 % BBVA GROUP (€M) 12M25 const. % Net Interest Income 26,280 13.9 4.0 Net Fees and Commissions 8,215 14.6 2.8 Net Trading Income 2,656 -23.7 -32.1 Other Income & Expenses -221 -88.8 -86.9 Gross Income 36,931 16.3 4.1 Operating Expenses
Slide 12: Spain
4Q25 CORPORATE PRESENTATION BUSINESS AREAS Spain PROFIT & LOSS (€M) Δ (%) Δ (%) ACTIVITY (DEC-25, €BN) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 LENDING1 CUST.FUNDS1 Net Interest Income 1,683 5.8 0.5 6,588 3.2 Net Fees and Commissions 622 2.2 9.8 2,364 3.7 YoY YoY Net Trading Income 187 51.1 37.6 723 -
Slide 13: Mexico
4Q25 CORPORATE PRESENTATION BUSINESS AREAS Mexico PROFIT & LOSS Δ Constant (%) Δ Current Δ Constant ACTIVITY (DEC-25; CONSTANT €BN) (%) (%) (CONSTANT €M) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 vs. 12M24 LENDING1 CUST.FUNDS1 Net Interest Income 2,982 7.5 3.0 11,424 -1.1 8.1 Net Fees and Commissions 6
Slide 14: Turkey
4Q25 CORPORATE PRESENTATION BUSINESS AREAS Turkey PROFIT & LOSS Δ Current (%) Δ Current (%) ACTIVITY (DEC-25; CONSTANT €BN; BANK ONLY) (CURRENT €M) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 Net Interest Income 942 66.3 13.4 3,079 106.4 LENDING2 CUST.FUNDS2 Net Fees and Commissions 521 -26.3 -4.3 2,123
Slide 15: South America
4Q25 CORPORATE PRESENTATION BUSINESS AREAS South America NET ATTRIBUTABLE PROFIT ACTIVITY (DEC-25; CONSTANT €BN) (CURRENT €M) Δ Current (%) Δ Current (%) LENDING1 CUST.FUNDS1 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 YoY YoY +13.9 % +12.9% Colombia 21 n.s. -56.8 143 58.5 Colombia +5.7% Peru 68 26.5 -3.
Slide 16: Rest of business
4Q25 CORPORATE PRESENTATION BUSINESS AREAS Rest of business PROFIT & LOSS Δ (%) Δ (%) ACTIVITY (DEC-25; CONSTANT €BN) (CONSTANT €M) 4Q25 12M25 vs. 12M24 vs. 4Q24 vs. 3Q25 LENDING1 CUST.FUNDS1 Net Interest Income 232 16.4 5.0 828 15.9 Net Fees and Commissions 164 62.0 8.2 591 56.0 YoY Net Trading Inc
Slide 17: Other Information: Corporate & Investment Banking
4Q25 CORPORATE PRESENTATION BUSINESS AREAS Other Information: Corporate & Investment Banking BUSINESS ACTIVITY CLIENT’S REVENUE RESULTS (CONSTANT €M CHANGE YTD) (CONSTANT €M CHANGE vs. 12M24) (CONSTANT €M CHANGE vs. 12M24) GROSS INCOME LENDING 5,574 €M +22% 114€Bn +27.8% 6,558 €M +28.6% OPERATING IN
Slide 18: Takeaways
4Q25 CORPORATE PRESENTATION Takeaways Outstanding Value Creation for our Net Attributable Profit sets a new stakeholders record Leadership in Profitability while Advancing in the execution of our growing our franchise in an exceptional Strategy manner Significant increase of Shareholder On track to ach
Slide 19: Group Financial KPIs Goals Evolution
4Q25 CORPORATE PRESENTATION Group Financial KPIs Goals Evolution Aligned with plan ROTE TBV + DIV PER SH C/I RATIO NET ATTRIBUTABLE (%, CURRENT €) (%, CURRENT €) (%, CURRENT €) PROFIT (CURRENT €Bn) GOAL GOAL 40.0% GOAL c.22% Mid-teens c.€48 Bn Avg. 2025-2028 CAGR 2024-2028 38.8 % Cumulative 2025-202
Slide 20: Annex
4Q25 CORPORATE PRESENTATION Annex p. 20
Slide 21: BBVA has more than 165 years of history
4Q25 CORPORATE PRESENTATION BBVA has more than 165 years of history Banco Continental (Perú) 1995 Probursa (Mexico) 2007 Compass (USA) 2016 Sale of CNCB´s 1.12% (China) Sale of GarantiBank Moscow AO (Moscow) Banco Ganadero (Colombia) 2008 Extended CNCB agreement (China) 1996 Sale of CNCB (China) Ban
Slide 22: BBVA's shareholders structure (Dec.25)
4Q25 CORPORATE PRESENTATION BBVAʼs shareholders structure (Dec.25) # BBVA SHARES # SHAREHOLDERS 5,709 M 657,193 Shareholders Shares NUMBER OF SHARES Amount % Amount % Up to 500 294,156 44.8 52,659,523 0.9 501 to 5,000 285,778 43.5 504,575,092 8.8 Retail 5,001 to 10,000 41,527 6.3 290,781,745 5.1 32.
Slide 23: Organizational chart
4Q25 CORPORATE PRESENTATION Organizational chart (1) Reporting to the CEO and to the Chair (for topics related to sustainability strategy and transformation) (2) Reporting channel to CEO for Argentina, Colombia, Peru, Venezuela and Uruguay, as well as monitoring of all countries, including Spain, Me
Slide 24: BBVA
BBVA