Banco Bilbao Vizcaya Argentaria, S.A.
Close the sale of BBVA USA to The PNC Financial Services Group
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 29 Jan 2021
- Due
- 30 Jun 2021
- Delivered
- 1 Jun 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“the closing of the operation is subject to obtaining regulatory authorizations from the competent authorities and it is estimated that it will take place in mid-2021.”
What we found
Evidence strength A What the grades mean
BBVA completed the sale of its U.S. subsidiary, BBVA USA, to The PNC Financial Services Group on June 1, 2021, which is within the mid-2021 deadline.
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A Banco Bilbao Vizcaya Argentaria, S.A. 20-F filed 2022-03-04
“On June 1, 2021, after obtaining the relevant regulatory authorizations from the competent authorities, BBVA completed the sale of 100% of the share capital in its subsidiary BBVA USA Bancshares, Inc.” ✓ confirmed on the page
Market reaction: the shares moved -4.0% against the S&P 500 over the three sessions around the disclosure (3 Mar 2022 to 8 Mar 2022). What this measures
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Sale of BBVA USA
- Where
- United States
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to obtaining regulatory authorizations
- Depends on
- Regulatory
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Late”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the recorded outcome.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-BBVA-022657 · Corrections policy