Debian Programming :: Assign Variable In Bash When Stdout Is Updated

I am writing a script that calls a program which writes a lot of lines to stdout continuosly. If the last line in stdout has some regex, THEN, certain variables are updated. My problem is that I don't know how to do that.

A simplified example would be (it's not my exact case, but it I write it here to clarify): suppose I issue a ping command (which writes output to stdout continuously). Every time that the response time is t=0.025 ms, THEN, VARIABLE1=(column1 of that line) and VARIABLE2=(column2 of that line).

I think the following code would work in awk (however, I want the variables in bash and I don't know how to export them)

Code: Select allping localhost |awk '{ if ( $8 == "time=0.025" ) var1=$1 var2=$2}'

In the previous code, awk analyzes each line of the output of the ping command as soon as it is created, so the variables $var1, $var2, ... are updated at the appropriate time. But I need the "real-time" updated values of $var1, $var2 in bash, for later use in the script.