Financial Data and Key Metrics - Net attributable profit reached €2.83 billion, a 13% YoY increase, with earnings per share growing 18% YoY to €0.33 [3] - CET1 ratio increased by 6 basis points to 12.73%, despite a 32 basis points impact from the ongoing €1 billion share buyback program [4] - Tangible book value per share grew 18% YoY and 5.5% QoQ, with ROTE reaching 17% and ROI at 16.3%, the highest in the last 10 years [5] - Gross income grew 29.1% YoY, operating income grew 32% YoY, and net attributable profit grew 29.6% YoY in constant euros [6] - For the first 9 months of 2023, gross income increased 31.8% YoY, driven by a 36.5% increase in NII and 17.5% growth in fee income [7] Business Line Performance - Net interest income grew 36% YoY and 13.4% QoQ, driven by solid activity growth and customer spread improvements [8] - Net fees and commissions grew 28% YoY and 13.6% QoQ, supported by payments, asset management, and transactional businesses [8] - Spain saw a 39% YoY growth in core revenues, while Mexico grew 19% YoY, with both countries showing over 5% QoQ growth [9] - Spain's customer spread improved to 3.33%, while Mexico maintained a high customer spread of 11.94% [9] - Spain's NII growth expectations for 2023 were upgraded to close to 50%, up from the previous guidance of 40%-45% [10] Market Performance - Spain's loan book remained flat, with growth in consumer and SME segments, while mortgages showed positive evolution due to new production levels [21] - Mexico's economy outperformed expectations, with GDP growth upgraded to 3.2%, driving strong loan portfolio growth, especially in consumer loans and SMEs [24] - Turkey reported a quarterly loss of €158 million due to high inflation and an increase in corporate tax rates, but NII was supported by activity growth in short-term loans [28] - South America showed positive activity trends, with higher provisioning needs in retail portfolios due to a deteriorated macro scenario, especially in Peru [31] Strategy and Industry Competition - The company upgraded its NII growth expectations for 2023, reflecting confidence in continued revenue growth in Spain and Mexico [10] - The efficiency ratio improved to 41.8%, a 328 basis points improvement YoY, maintaining the company's position as one of the most efficient European banks [11] - The company acquired 8.3 million new customers in the first 9 months of 2023, with 65% acquired through digital channels, a key differentiator from competitors [16] - The company channeled €16 billion in sustainable business in Q3, bringing the total to €185 billion since 2018, with a target of €300 billion by 2025 [17] Management Commentary on Operating Environment and Future Outlook - Management expects continued healthy core revenue growth in the coming quarters, driven by spread improvements in Spain and strong lending momentum in Mexico [10] - The company anticipates a slight increase in the group cost of risk for 2023, mainly due to mix effects and a deteriorated macro environment in South America [12] - Management remains confident in the company's ability to deliver strong results, with positive prospects for future growth [32] Other Important Information - The company paid an interim dividend of €0.16, a 33% increase YoY, and expects to complete its €1 billion share buyback program by year-end [15] - The company's loan book increased by 8% YoY, supporting over 100,000 mortgages, 400,000 SMEs, and 70,000 larger corporates [18] - The company is on track to meet its long-term targets announced on Investor Day, with upgraded expectations for 2023 [19] Q&A Session Summary Question: Spain's customer spread and loan volume expectations [35] - Management expects customer spreads to continue improving, with lending yields expected to rise until Q2 2024 [36] - Corporate loan growth in Spain was driven by short-term factoring deals, while mortgage growth was supported by market share gains [38] Question: Cost of risk guidance and cost growth expectations [40] - The company revised its cost of risk guidance to slightly above 111 basis points for 2023, mainly due to mix effects and a deteriorated macro environment in South America [41] - Management did not provide specific cost growth guidance for 2024 but expects better bottom-line results than in 2023 [44] Question: Turkey's cost of risk and capital returns [46] - Turkey's cost of risk is expected to increase from the current 26 basis points as the macro environment normalizes, but remains below historical averages [47] - The company plans to continue its share buyback program and maintain shareholder remuneration, given its strong capital position and profitability [48] Question: Spain's deposit mix and Mexico's cost of risk [50] - Spain's deposit beta is expected to remain relatively capped due to high liquidity in the system, with retail deposit beta currently below 5% [53] - Mexico's cost of risk increased to 308 basis points in Q3, driven by higher provisioning needs in retail segments, but remains in line with guidance [54] Question: Mexico's customer spread and loan-to-deposit ratio [59] - Mexico's customer spread is expected to remain around current levels, with limited sensitivity to potential rate cuts due to the fixed-rate nature of the loan book [60] - The company is comfortable with its current loan-to-deposit ratio of 100% and does not plan to aggressively increase deposit costs [64] Question: CET1 capital composition and digital euro impact [67] - The company repatriates profits from hyperinflationary countries like Turkey, with €350 million repatriated in 2023, and incorporates currency risks into its tangible book value per share growth [68] - Management views the digital euro as a payment-focused initiative and does not foresee major risks at this stage, given the early phase of implementation [70] Question: Mexico's risk appetite and mortgage strategy in Spain [73] - The company remains comfortable with its risk appetite in Mexico, citing strong labor markets and remittances as supportive factors for retail cost of risk [78] - In Spain, 85% of new mortgage production is fixed-rate, with the company gaining market share due to its competitive pricing [74] Question: Turkey's customer spread and cost-to-income ratio [82] - Turkey's customer spread improved from -250 basis points in July to +190 basis points in September, with management expecting further NII growth to offset inflation pressures [83] Question: Group cost of risk and bond swap in Mexico [86] - The company expects the group cost of risk to be slightly above 111 basis points for 2023, driven by mix effects and a deteriorated macro environment in South America [87] - The bond swap in Mexico involved €2.5 billion, with a positive medium-term impact on NII despite a short-term negative impact on NTI [87] Question: Spain's deposit remuneration and ALCO strategy [89] - Spain's deposit beta is 85% for CIB and large clients, 35% for mid-corporates, and below 5% for retail, reflecting the high liquidity in the system [91] - The company has reduced its sensitivity to rate cuts by taking negative carry on longer-term bonds, with NII sensitivity now at 6% [91] Question: ALCO portfolio and capital requirements [93] - Mark-to-market losses in the ALCO portfolio decreased to 2.4% of TNAV, mainly due to changes in Turkey's rate environment [94] - The company expects the single resolution fund to disappear in 2024, with a significant reduction in the deposit guarantee fund [94]

3Q23 Results 3Q23 Results 2 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such spec ...

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q2 2023 Earnings Conference Call July 28, 2023 3:30 AM ET Company Participants Patricia Bueno - Head of Investor Relations Onur Genc - CEO & Executive Director Rafael Salinas - CFO & Global Head of Finance Conference Call Participants Maks Mishyn - JB Capital Francisco Riquel - Alantra Benjamin Toms - RBC Sofie Peterzens - J.P. Morgan Alvaro Serrano - Morgan Stanley Ignacio Ulargui - BNP Paribas Exane Carlos Peixoto - CaixaBank Andrea Filtri - Mediobanca Car ...

2Q23 Results 2Q23 Results 2 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such spec ...

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q1 2023 Earnings Conference Call April 27, 2023 3:30 AM ET Company Participants Patricia Bueno - Head of Investor Relations Onur Genc - Chief Executive Officer Rafael Salinas - Chief Financial Officer Conference Call Participants Maks Mishyn - JB Capital Francisco Riquel - Alantra Benjamin Toms - RBC Ignacio Ulargui - BNP Paribas Exane Alvaro Serrano - Morgan Stanley Carlos Peixoto - CaixaBank Carlos Cobo - Societe Generale Andrea Filtri - Mediobanca Marta S ...

1Q23 Results April 27, 2023 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such spec ...

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 March, 2023 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ OR [ ] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15( ...

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q4 2022 Earnings Conference Call February 1, 2023 3:30 AM ET Company Participants Patricia Bueno - Head of Investor Shareholder Relations of Finance Onur Genc - Chief Executive Officer Rafael Salinas - Group Chief Financial Officer Conference Call Participants Benjamin Toms - RBC Francisco Riquel - Alantra Benjie Creelan-Sandford - Jefferies Maksym Mishyn - JB Capital Alvaro Serrano - Morgan Stanley Sopfie Peterzens - JPMorgan Marta Sanchez Romero - Citi And ...

2022 Results February 1, 2023 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such sp ...