BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

The following is a presentation of selected statistical information for the periods indicated. Where required under subpart 1400 of Regulation S-K, we have provided such selected statistical information separately for our domestic and foreign activities, pursuant to our determination, where applicable, that our foreign operations are significant according to Rule 9-05 of Regulation S-X. The allocation of assets and liabilities between “domestic” and “foreign” is based on the domicile of the Group entity at which the relevant asset or liability is accounted for, with “domestic” referring to the assets and liabilities of the BBVA Group entities domiciled in Spain.

Interest income figures, when used, do not include interest income on non-accruing loans to the extent that cash payments have been received, as a result of the application of the interpretation issued by the International Financial Reporting Interpretations Committee (IFRIC) in its “IFRIC Update” of March 2019 regarding the collection of interest on impaired financial assets under IFRS 9 (Collection of interest on impaired financial assets). Loan fees are included in the computation of interest revenue. Interest income figures include “other income”, which amounted to €233 million, €214 million and €231 million for the years ended December 31, 2025, 2024 and 2023, respectively. For additional information on “interest and other income” see Note 37.1 to the Consolidated Financial Statements.

Average Balances and Rates

The tables below set forth selected statistical information on our average balance sheets, which are based on the beginning and month-end balances in each year. We do not believe that monthly averages present trends materially different from those that would be presented by daily averages. We have not recalculated tax-exempt income on a tax-equivalent basis because the effect of doing so would not be significant.

(1)Foreign activity represented 48.57% of the average total assets for the year ended December 31, 2025, 47.03% for the year ended December 31, 2024 and 44.12% for the year ended December 31, 2023.

(2)Includes “Derivatives - Hedge accounting”, “Derivatives - Held for trading” and “Financial assets designated at fair value through profit or loss”.

(3)Includes “Insurance and reinsurance assets”, “Joint ventures and associates”, “Tangible assets”, “Intangible assets”, “Tax assets”, “Non-current assets and disposal groups classified as held for sale”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Other assets”.

(1)Foreign activity represented 43.20% of the total average liabilities for the year ended December 31, 2025, 42.63% for the year ended December 31, 2024 and 40.05% for the year ended December 31, 2023.

(2)Includes “Insurance and reinsurance liabilities”, “Derivatives - Hedge accounting”, “Financial liabilities held for trading” and “Financial liabilities designated at fair value through profit or loss”.

(3)Includes “Tax liabilities”, “Liabilities included in disposal groups classified as held for sale” and “Other liabilities”.

Changes in Net Interest Income-Volume and Rate Analysis

The following tables allocate changes in our net interest income between changes in volume and changes in rate for the year ended December 31, 2025 compared with the year ended December 31, 2024, and the year ended December 31, 2024 compared with the year ended December 31, 2023. Volume and rate variance have been calculated based on movements in average balances over the period and changes in interest rates on average interest-earning assets and average interest-bearing liabilities. The only out-of-period items and adjustments excluded from such table are interest payments on loans which are made in a period other than the period in which they are due.

(3)Includes “Insurance and reinsurance liabilities”, “Derivatives - Hedge accounting”, “Financial liabilities held for trading” and “Financial liabilities designated at fair value through profit or loss”.

(3)Includes “Insurance and reinsurance liabilities”, “Derivatives - Hedge accounting”, “Financial liabilities held for trading” and “Financial liabilities designated at fair value through profit or loss”.

Interest Earning Assets—Margin and Spread

The following table analyzes the levels of our average interest earning assets and illustrates the comparative gross and net yields and spread obtained for each of the years indicated.

(1)“Gross yield” represents interest income divided by average interest-earning assets.

(2)“Net yield” represents net interest income divided by average interest-earning assets.

(3)“Spread” is the difference between “Gross yield” and the “Average effective rate paid on interest-bearing liabilities”.

ASSETS

Interest-Bearing Deposits in Other Banks

As of December 31, 2025, interbank deposits (excluding deposits with central banks) (which are recorded under “Loans and advances to credit institutions” in the “Financial assets held for trading”, “Financial assets at amortized cost” and “Financial assets at fair value through other comprehensive income” portfolios), represented 4.9% of our total assets (compared to 5.7% of our total assets as of December 31, 2024). Of such interbank deposits, 14.8% were held outside of Spain and 85.2% in Spain. We believe that our deposits are generally placed with highly rated banks and have a lower risk than many loans we could make in Spain. However, such deposits are subject to the risk that the deposit banks may fail or that such banks or the banking system of certain of the countries in which a portion of our deposits are made may face liquidity or other problems.

Securities Portfolio

As of December 31, 2025, our securities portfolio, consisting of investment securities and loans and advances recorded under “Financial assets held for trading” and “Financial assets at fair value through other comprehensive income” portfolios, was carried on our consolidated balance sheet at a carrying amount (equivalent to its market or appraised value as of such date) of €149,443 million, representing 17.4% of our total assets, a 13.3% increase compared to our securities portfolio as of December 31, 2024, mainly due to increases in the trading portfolio in Spain, as a result of the increase in loans and advances through reverse repurchase agreements in the corporate portfolio in Spain, the increase in holdings of sovereign debt securities of European countries and equity instruments in Spain and the increase in loans and advances through reverse repurchase agreements in Mexico, partially offset by the decrease in derivatives in Spain. €14,047 million, or 9.4%, of our securities portfolio as of December 31, 2025 consisted of Spanish Treasury bonds and Treasury bills. The average yield during 2025 on the investment securities that BBVA held was 6.2%, compared with an average yield of approximately 4.5% earned on loans and advances in the portfolios “Financial assets held for trading” and “Financial assets at fair value through other comprehensive income” during 2025. See Notes 10 and 13 to the Consolidated Financial Statements for additional information.

The tables in Note 8.1 and the first table in Note 13.3 to the Consolidated Financial Statements set forth the fair value and the book value of our debt securities and equity instruments recorded under “Financial assets at fair value through other comprehensive income” as of December 31, 2025, 2024 and 2023.

Notes 8.2 and 14.2 to the Consolidated Financial Statements set forth the fair value and the book value of our debt securities recorded under “Financial assets at amortized cost” as of December 31, 2025, 2024 and 2023.

This information is not provided for debt securities recorded under “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss” and “Financial assets designated at fair value through profit or loss” since the amortized costs and fair values of these items are the same. See Note 8 to the Consolidated Financial Statements.

The second table in Note 13.3 to the Consolidated Financial Statements shows the fair value of debt securities recorded, as of December 31, 2025, 2024 and 2023, under “Financial assets at fair value through other comprehensive income” by rating categories.

The second table in Note 14.2 to the Consolidated Financial Statements shows the fair value of debt securities recorded, as of December 31, 2025, 2024 and 2023, under “Financial assets at amortized cost”, by rating categories.

Readers are directed to the tables and Notes referred to above for information regarding our securities portfolio.

For a discussion of our investments in joint ventures and associates, see Note 16 to the Consolidated Financial Statements. For a discussion of the manner in which we value our securities, see Notes 2.2.1 and 8 to the Consolidated Financial Statements.

The following table analyzes the maturities of our debt securities recorded under “Financial assets at fair value through other comprehensive income” and “Financial assets at amortized cost”, by type and geographical area, as of December 31, 2025.

(1)The weighted average yield for each range of maturity is calculated by dividing the annual interest income by the book value of the debt securities. Yields on tax-exempts obligations have not been computed on a tax-equivalent basis.

(2)Securities of other foreign governments mainly include investments made by our subsidiaries in securities issued by the governments of the countries where they operate.

Loans and Advances

Diversification in our loan portfolio is our principal means of reducing the risk of loan losses. We also carefully monitor our loans to borrowers in sectors or countries experiencing liquidity problems. Our exposure to our five largest borrowers as of December 31, 2025 excluding government-related loans amounted to €5,497 million or approximately 1.1% of our total outstanding loans and advances to customers.

During the year ended December 31, 2025, the Group’s loan activity has been affected by geopolitical and other challenges and uncertainties globally. See “Item 5. Operating and Financial Review and Prospects―Operating Results―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Macroeconomic and geopolitical conditions” and Note 7.2 to the Consolidated Financial Statements for information on the impact of these challenges and uncertainties on our financial condition and results of operations.

Loans and Advances to Customers

As of December 31, 2025, our total loans and advances to customers amounted to €504,876 million, or 58.7% of total assets. Net of our loss allowances, total loans and advances to customers amounted to €492,514 million as of December 31, 2025, or 57.3% of our total assets, an increase from 55.6%of our total assets as of December 31, 2024. As of December 31, 2025 our total loans and advances to customers in Spain amounted to €187,039 million, up from €174,854 million as of December 31, 2024, mainly due to the increases in corporate loans, public sector loans and consumer loans. Our total loans and advances to customers outside Spain amounted to €317,837 million as of December 31, 2025, up from €266,288 million as of December 31, 2024, mainly as a result of increases in the volume of mortgages and consumer loans within the retail loan portfolio in Mexico, the increase in the volume of Turkish lira-denominated consumer and wholesale loans, due, in part, to the measures adopted by the Turkish authorities (e.g., the lessening of loan reserve requirements) to encourage Turkish lira-denominated loans in Turkey, and increased wholesale loans in the branches located in New York, Europe and Asia driven by increased activity amid a lower interest rate environment, partially offset by the depreciation of the Turkish lira and the U.S. dollar against the euro.

Loans by Geographical Area

The following table shows our loans and advances to customers by geographical area as of the dates indicated:

(1)Balances correspond, in part, to the entities in the United States that were not included within the scope of the USA Sale.

(2)Includes loans and advances to customers included in the following headings: “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss”, “Financial assets designated at fair value through profit or loss” and “Financial assets at amortized cost”, net of loss allowances.

Loans and Advances to Credit Institutions and Central Banks

As of December 31, 2025, our total loans and advances to credit institutions and central banks amounted to €53,850 million, or 6.3% of total assets (compared to €52,467 million, or 6.8% of total assets as of December 31, 2024), of which total loans and advances to credit institutions and central banks at amortized cost amounted to €35,113 million, or 4.1% of total assets. Loans and advances to credit institutions as of December 31, 2025 decreased by 3.0% compared to December 31, 2024, mainly as a result ofdecreases in loans and advances to credit institutions (through reverse repurchase agreements) in Spain.

Loans and Advances to Spanish Government and its Agencies

Loans and advances outstanding to the Spanish government and its agencies amounted to €14,490 million, or 3.1% of our total loans and advances to customers as of December 31, 2025, compared with the €12,001 million, or 2.8% of our total loans and advances to customers as of December 31, 2024, in each case, excluding loans to companies controlled by the Spanish government.

Loans to Associates and Jointly Controlled Companies

As of December 31, 2025, total loans and advances by BBVA and its subsidiaries to associates and jointly controlled companies amounted to €632 million, a 1.1% decrease compared with €639 million as of December 31, 2024.

Maturity and Interest Sensitivity

The following table sets forth a breakdown by maturity of our total loans and advances to customers, including their fixed and variable rates, by type of customer as of December 31, 2025. The determination of maturities is based on contract terms.

(1)Includes mainly loans and advances to customers included in “Financial assets at amortized cost”.

Loss Allowances on Loans and Advances

The following table provides information regarding the ratios of allowances for credit losses to total loans and net charge-offs to average loans for the periods indicated, in each case. For a discussion of accounting standards related to loss allowances on financial assets, see Note 2.2.1 to the Consolidated Financial Statements.

When the recovery of any recognized amount is considered to be remote, this amount is removed from the consolidated balance sheet, without prejudice to any actions taken by the consolidated entities in order to collect the amount until their rights extinguish in full through expiry, forgiveness or for other reasons.

Our total net charge-offs to average loans at amortized cost ratio increased to 0.91% for the year ended December 31, 2025, compared with 0.87% for the year ended December 31, 2024 mainly as a result of the increase in charge-offs in “Individuals” in Mexico, in a context of growing retail lending activity and, to a lesser extent, the increase in charge-offs in Argentina. The increase was partially offset by decreases in charge-offs in the non-financial corporations portfolio in Spain and in the retail portfolio in Peru. Total net loan charge-offs increased during 2025, while average loans and advances at amortized cost also grew across all geographies. However, charge-offs increased at a faster pace than the average loan portfolio, resulting in a higher ratio.

Our allowance for credit losses to total loans and advances at amortized cost decreased to 2.43% as of December 31, 2025 compared with 2.56% as of December 31, 2024, mainly as a result of the increase in total loans outstanding, in particular, the increases in corporate loans, public sector loans and consumer loans in Spain, and the increase in the volume of Turkish lira-denominated consumer and wholesale loans, due, in part, to the measures adopted by the Turkish authorities (e.g., the lessening of loan reserve requirements) to encourage Turkish lira-denominated loans in Turkey, and increased wholesale loans in the branches located in New York, Europe and Asia driven by increased activity amid a lower interest rate environment, partially offset by the depreciation of the Turkish lira and the U.S. dollar against the euro.

Impaired Loans

Loans are considered to be credit-impaired under IFRS 9 if one or more events have occurred and they have a detrimental impact on the estimated future cash flows of the loan.

Amounts collected in relation to impaired financial assets at amortized cost are first applied to the outstanding interest and any excess amount is used to reduce the unpaid principal. The approximate amount of interest on our impaired loans which was included in profit attributable to parent company in 2025, 2024 and 2023 was €560.4 million, €415.6 million, €314.7 million, respectively.

The following table provides information regarding our impaired loans to customers, central banks and credit institutions as of the dates indicated:

Our total impaired loans amounted to €14,346 million as of December 31, 2025, a 0.9% increase compared with €14,213 million as of December 31, 2024.

Our allowance for credit losses includes loss reserve for impaired assets and loss reserve for unimpaired assets which present an expected credit loss. As of December 31, 2025, the allowance for credit losses amounted to €12,394 million, a 6.6% increase compared with the €11,630 million recorded as of December 31, 2024. The allowance for credit losses increased year-on-year due to certain non-performing loan entries in the retail loan portfolio in Mexico, partially offset by higher write-offs in Mexico.

LIABILITIES

Deposits

The principal components of our customer deposits recorded under “Financial liabilities at amortized cost” are domestic demand and time deposits and foreign demand and time deposits. The following tables provide information regarding the average amount of the following deposit categories recorded under “Financial liabilities at amortized cost” for the periods indicated:

The amount of uninsured deposits recorded under “Financial liabilities at amortized cost” as of December 31, 2025, 2024 and 2023 amounted to €292,540 million, €255,129 million and €226,832 million, respectively. Uninsured deposits are the portion of deposit accounts that exceed each local deposit insurance limit and amounts in any other uninsured investment or deposit accounts that are classified as deposits and are not subject to any state deposit insurance regimes.

As of December 31, 2025, the maturity of our time deposits in uninsured accounts recorded under “Financial liabilities at amortized cost” was as follows:

Large denomination deposits may be a less stable source of funds than demand and savings deposits because they are more sensitive to variations in interest rates and changes in perceptions of the credit or liquidity profile of the Bank. For additional information on our deposits recorded under “Financial liabilities at amortized cost” as of December 31, 2025, 2024 and 2023, see Note 22 to the Consolidated Financial Statements.

Short-term Borrowings

Securities sold under agreements to repurchase and promissory notes issued by us constituted the only categories of short-term borrowings that equaled or exceeded 30% of stockholders’ equity as of December 31, 2025, 2024 and 2023.

The following table provides information about our total short-term borrowings for the years ended December 31, 2025, 2024 and 2023:

(1)Includes all repurchase agreements recorded under “Financial liabilities at amortized cost” and “Financial liabilities held for trading”.

As of December 31, 2025, 2024 and 2023, the securities sold under agreements to repurchase were mainly Mexican and Spanish treasury bills and such agreements were entered into with credit and other financial institutions.

Certain Ratios

The following table sets out certain ratios as of and for the years ended December 31, 2025, 2024 and 2023:

(1)Represents net interest income as a percentage of average total assets.

(2)Represents profit as a percentage of average total assets.

(3)Represents profit for the year as a percentage of average shareholders’ funds for the year.

(4)Represents average total equity (net assets) over average total assets.

EQUITY

The majority of the balance not explained in the subsections below is related to the conversion to euros of the financial statements balances from consolidated entities whose functional currency is not the euro.

Total equity

As of December 31, 2025, total equity amounted to €61,798 million, a 3.0% increase compared to the €60,014 million recorded as of December 31, 2024, mainly as a result of the increase in shareholders’ funds, partially offset by higher negative exchange differences arising from the conversion to euros of balances in the functional currencies of the consolidated entities whose functional currency is not the euro, recorded under the line item “Foreign currency translation”.

Shareholders’ funds

As of December 31, 2025, shareholders’ funds amounted to €76,228 million, a 4.6% increase compared to the €72,875 million recorded as of December 31, 2024, primary due to the annual increase in profit, partially offset by the distribution of dividends and the share buyback programs.

Accumulated other comprehensive income (loss)

As of December 31, 2025, the accumulated other comprehensive loss amounted to €18,871 million, a 9.6% increase compared to the €17,220 million loss recorded as of December 31, 2024, mainly due to the depreciation of certain currencies against the euro, in particular, the Argentine peso and the Turkish lira.

Non-controlling interest

As of December 31, 2025, non-controlling interest amounted to €4,441 million, a 1.9% increase compared to the €4,359 million recorded as of December 31, 2024 mainly due to greater profit in Peru.