BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) Form 6-K Filing

This report details BBVA's financial performance for the three months ended March 31, 2026. The company operates across five segments: Spain, Mexico, Turkey, South America, and Rest of Business, with a Corporate Center managing central functions. Spain remains the largest segment by total assets, followed by Mexico. Profitability is led by Mexico, contributing 45.9% of the total profit attributable to parent company in Q1 2025, and 44.1% in Q1 2026. Turkey's segment experienced significant growth in financial assets at fair value, driven by liquidity management strategies and increased Turkish lira-denominated loans. The South America segment saw mixed currency impacts, with appreciation in Argentine and Colombian pesos offsetting depreciation in the Peruvian sol, leading to overall positive exchange rate effects on business activity in euro terms. The Rest of Business segment, encompassing wholesale activities in Europe and Asia, benefited from a depreciating USD against the euro.