BBVA shareholders, including those of Banco Sabadell who tender their shares, will receive a record interim dividend of €0.32 per share

BBVA’s strong commitment to creating value for its shareholders

BBVA’s shareholder distribution policy entails an annual payout of 40 percent to 50 percent of consolidated profits, which means that from the profit generated by the Group in a year, between 40 and 50 percent goes to shareholders’ distributions. This policy can be a combination of cash dividends and share buybacks. The implementation of this policy involves two installments, an interim dividend payment during the current year and a final one once the fiscal year has ended).

Additionally, the bank has also pledged to return to shareholders any excess capital above a 12 percent CET1 ratio². 

As announced during the 2Q25 earnings presentation, BBVA will have some €13 billion available for distribution to shareholders in the short term, including i) a share buyback of around €1 billion approved at the Annual General Meeting on March 21, as part of the shareholder distributions for 2024; ii) the potential ordinary distribution of 2025 earnings², and iii) the excess capital above 12 percent accumulated at the end of the year².

BBVA is firmly committed to creating value for all of its shareholders. Consequently, since January 2019 to date, BBVA’s total shareholder return (including both share price performance and dividends paid) has multiplied by five, or 410 percent. This compares very favorably with a 231 percent increase among European banks and the 223 percent average increase of Spanish banks.

(1) If, on November 4, 2025, the voluntary takeover launched by BBVA for 100 percent of the share capital of Banco de Sabadell, S.A. (the “Offer”) has obtained a positive outcome but has not yet been effectively settled, the agreed payment date of the interim dividend for 2025 will not take place on November 7, 2025. Instead, payment will be made three trading days in Spain after the effective settlement date of the voluntary Offer, ensuring that, in any case, the ex-dividend date falls after the effective settlement of the voluntary Offer and that the new BBVA shareholders resulting from the voluntary Offer are guaranteed to receive the dividend.

(2) Subject to the approval of the governing bodies and obtaining of the necessary regulatory authorizations.