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• B• elgiumBelgium • Cyprus• Cyprus • F• inlandFinland • France• France • Ge• Germarmanyn y NoNorthrth Ameri Americac a • Italy• Italy • M• Mexiexicoc o • Netherlands• Netherlands • U• USAS A • Malta• Malta Europe • P• oProtugalrtugal • Romania• Romania • Belgium • Spain• Spain SouthSouth Ameri Americac a • Cyprus • S• wiSwitzterlanzerland d • Finland • T• urTurkekye y • A• rAgentinargentina AsiaAsia - P- aciPaciicic • France • U• .UK..K . Fourth Quarter• • 2019 Creating Opportunities BolBoliviaivia • Germany • China• China North America • B• rBazilrazil • Italy • Hong• Hong K ongKong • Mexico • Chile• Chile • Netherlands • Japan• Japan • USA • Colombia• Colombia • Malta • Singapo• Singaporer e Europe • Portugal • P• aPraaguraguaya y • Romania • • • Belgium PeruPeru • Spain • Cyprus BBVA, a global financial services groupSouth America • Urugu• Uruguaya y • Switzerland • Finland • V• enVenezuelaezuela • Turkey • Argentina Europe • France Asia - Paci ic • U.K. • Bolivia • Germany • China North America • Belgium • Brazil • Italy • Hong Kong • • Netherlands • Mexico • Chile Cyprus • Japan • USA • • Malta • Colombia Finland • Singapore 785785 7 •7P8.1o8.1rtugal • France 30 30 7 7,744,744 32,65832,658 126,973126,973 • Paraguay BillionBillion USD USD Million•MillionRomania • CountriCountriees s BBranchranchees s AATMsTMs EmplEmplooyyeees s • Peru Germany AAssessetst s CuCus• tSpainsomertomer ss North America South America • Uruguay • Italy • Switzerland • Turkey • Mexico • Argentina • Venezuela • Netherlands Asia - Paci ic 10 • U.K. • USA • Bolivia • Malta • China • Brazil • Portugal • Hong Kong • Chile • Romania • Japan • • Spain • Singapore Colombia 785 78.1 South America • Paraguay • Switzerland 30 7,744 32,658 126,973 Billion USD Million • Peru • Turkey Countries Branches ATMs Employees • Argentina Asia - Paci ic Assets Customers • Uruguay • U.K. • Bolivia • Venezuela • China • Brazil • Hong Kong • Chile • Japan • Colombia • Singapore • Paraguay 785 78.1 30 7,744 32,658 126,973 • Peru Billion USD Million Countries Branches ATMs Employees Assets Customers • Uruguay • Venezuela bbva.com

CORPORATE785 PROFILE 78.1 30 7,744 32,658 126,973 Banco BilbaoBillion USDVizcaya ArgentariaMillion (BBVA ) is a customer-centricCountries globalBranch financiales servicesA groupTMs founded inEmpl 1857.oye Thees Group has a strong leadership position in the Assets Customers Spanish market, is the largest financial institution in Mexico, has leading franchises in South America and the Sunbelt Region of the , and is the leading shareholder in Turkey’s Garanti BBVA. Its purpose is to bring the age of opportunities to everyone, based on our customers’ real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society. BBVA ordinary shares are traded through the Madrid Stock Exchange under the symbol BBVA and American Depositary Shares (ADS) are traded on the New York Stock Exchange under the symbol BBVA.

GEOGRAPHICALLY DIVERSIFIED Gross Income Operating Income Net Attributable Profit 12M19 1.8% 1.2% 2.1% 12.0% 15.5% 16.3% 17.8% 23.0% Spain 23.0% The United States 8.4% Mexico 9.0% 14.4% Turkey 17.0% 13.0% 9.8% South America Rest of Eurasia 38.6% 44.8% Note: Figures exclude Corporate Center 32.3%

FINANCIAL HIGHLIGHTS 2019 2018 2017 DIGITAL AND MOBILE CUSTOMERS In Millions Balance Sheet (billion euros) Assets 698.7 676.7 690.1 Digital Mobile Loans (gross) 394.8 386.2 400.4 x2.1% x3.2% Customer deposits 384.2 376.0 376.4 32.1 29.0 Equity 54.9 52.9 53.3 27. 5 23.3 Significant Ratios 22.9 18.0 (1) 18.1 12.2 Return on average assets 0.82% 0.81% 0.84% 15.3 9.1 (1) Return on average equity - tangible 11.9 12.4 12.0 Efficiency ratio 48.5 49.3 49.5 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 NPL ratio 3.8 3.9 4.6 CUSTOMER PENETRATION, % NPL coverage ratio 77 73 65 Capital Ratios 32% 37% 45% 52% 57% 1932% 25% 35% 44% 51% CET1 fully-loaded 11.74% 11.34% 11.08% CET1 phased-in(2) 11.98 11.58 11.71 Total ratio phased-in(2) 15.92 15.71 15.51 DEBT RATINGS Share Data Long term(1) Short term Outlook Market capitalization (million euros) 33,226 30,909 47,422 Book value per share (euros) 7.32 7.12 6.96 DBRS A (high) R-1 (middle) Stable (2) Dividend yield 5.2% 5.4% 4.2% Fitch A F1 Negative (2) NOTE: Data for 2019 and 2018 is presented under IFRS 9 and 2017 data is presented under IAS 39. Also, as a result Moody’s A3 P-2 Stable of the amendment to IAS 12 “Income Taxes,” and in order to make the information comparable, the 2018 and 2017 Scope Ratings A+ S-1+ Stable income statements have been restated. A- A-2 Negative (1) Excluding the goodwill impairment in the United States in 2019, BBVA Chile in 2018 and Telefonica S&P impairment in 2017. (1) Ratings assigned to long term senior preferred debt. (2) Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance (2) Moody’s and Fitch assign A2 and A rating, respectively, to BBVA's long-term deposits. with Article 473 bis of the Capital Requirements Regulation.

Creating Opportunities Fourth Quarter 2019

CORPORATE PROFILE Branches Commercial Office BBVA USA Bancshares, Inc. is a Sunbelt-based Commercial/Private Client Office holding company whose principal subsidiary, BBVA USA, operates 641 branches in , , , , , and , and commercial and private client offices throughout the U.S. BBVA USA ranks among the top 25 largest U.S. commercial based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (6th). A leading provider of treasury and cash management BRANCHES BY STATE services, BBVA USA has been recognized by Global Alabama 89 Florida 44 Finance magazine as the top provider of these Arizona 63 New Mexico 17 services in the Southwest for 2019 and a 2019 California 61 Texa s 330 Innovator for its BBVA RealTime ARP that offers true Colorado 37 bbvausa.com real-time ARP reconciliation.

DEPOSITS BY STATE FINANCIAL HIGHLIGHTS 3.1% 1.3% 2019 2018 % Change 6.8% Balance Sheet ($ in millions) Alabama (22.1%) 7.1% Total loans $64,059 $65,255 (2) Arizona (7.1%) Total debt securities 14,032 13,867 1 6.6% California (6.8%) Total earning assets 84,712 81,832 4 Total assets 93,603 90,947 3 Colorado (3.1%) Noninterest bearing deposits 21,850 20,184 8 Florida (6.6%) 22.1% Interest bearing deposits 53,135 51,984 2 New Mexico (1.3%) 53.0% Total deposits 74,985 72,168 4 Texas (53.0%) Total equity 13,387 13,513 (1)

Source: FDIC Summary of Deposits filing (6/30/19) Credit Quality Net charge-offs to average loans 0.88% 0.51% Nonperforming loans to total loans (1) 1.06 1.24 NEWS Nonperforming assets to loans and OREO 1.11 1.29 Allowance for loans losses to total loans 1.44 1.36 A LEADER IN MOBILE BANKING NPL coverage ratio (1) 135.76 109.9

Business Insider named BBVA USA as a leader in its Business Insider (1) Nonperforming loans include nonaccrual loans and loans held for sale, and loans 90 days Intelligence 2019 Mobile Banking Competitive Edge study, the third or more past due, including troubled debt restructuring. year the financial and business news company has conducted the proprietary research and the second year BBVA USA has been Capital Ratios 14.98% evaluated. BBVA USA was one of just five banks named as an 12.49% 12.83% overall leader in the research, which evaluated the banking features 9.70% of the top 20 US banks. BBVA USA’s mobile offering garnered the designation of Leader in Offering Desirable Mobile Banking Features, a title reserved for the top five. 10.50% 8.50% 7.00% The bank's mobile app also came in first in the sub-categories of 4.00% Account Management and Transfers, with titles that include Most Tier 1 Leverage Common Equity Tier 1 Capital Total Capital Desirable Mobile Banking Features for Account Management and Ratio Tier 1 (CET1) Ratio Ratio Most Desirable Mobile Banking Features for Transfers, respectively. Minimum Regulatory Threshold BBVA USA

CONTACT INFORMATION DEBT RATINGS Long term Short term Outlook [email protected] BBVA USA E-Mail: Fitch(1) BBB+ F2 Negative 15 South 20th Street bbvaintheusa Facebook Page: Moody’s(2) Baa2 P-2 Stable Birmingham, AL 35233 @BBVANews_USA Twitter: S&P BBB+ A-2 Stable 205.297.3000 (1) Fitch has assigned an A- long-term deposit rating. (2) Moody’s has assigned an A2 long-term deposit rating and a P-1 short-term deposit rating.