BBVA Argentina announces First Quarter 2025 Financial Results

By: Banco BBVA Argentina S.A via Business Wire

May 21, 2025 at 16:36 PM EDT

Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (“BBVA Argentina” or “BBVA” or “the Bank”) announced today its consolidated results for the first quarter (1Q25), ended on March 31, 2025.

As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2024 and 2025 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2025.

1Q25 Highlights

BBVA Argentina’s inflation adjusted net income in 1Q25 was $81.6 billion, 16.2% above the $70.2 billion reported on the fourth quarter of 2024 (4Q24), and 53.2% higher than the $53.3 billion reported on the first quarter of 2024 (1Q24).
In 1Q25, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 2.0% versus 1,7% the prior quarter, and an inflation adjusted average return on equity (ROAE) of 11.4% versus 9,5% the prior quarter.
Operating income in 1Q25 was $280.7 billion, 56.9% higher than the $178.9 billion recorded in 4Q24 and 71.5% lower than the $984.2 billion recorded in 1Q24.
In terms of activity, total consolidated financing to the private sector in 1Q25 totaled $9.2 trillion, increasing 11.2% in real terms compared to 4Q24, and 122.9% compared to 1Q24. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by 21.4%, in other loans by 24.5% and in consumer loans by 22.9%. BBVA’s consolidated market share of private sector loans reached 11.28% as of 1Q25, versus 10.10% in 1Q24, gaining 118 bps in the year.
Total consolidated deposits in 1Q25 totaled $10.9 trillion, increasing 2.0% in real terms during the quarter, and 51.0% YoY. Quarterly increase was mainly explained by an increment in investment accounts by 163.1%, offset by a decrease in savings accounts by 7.4%. The Bank’s consolidated market share of private deposits reached 9.15% as of 1Q25 versus 7.37% as of 1Q24, gaining 178 bps in the year.
As of 1Q25, the non-performing loan ratio (NPL) reached 1.38%, with a 164.32% coverage ratio.
The accumulated efficiency ratio in 1Q25 was 56.3%, improving compared to 4Q24’s 62.2%, and 1Q24’s 65.4%.
As of 1Q25, BBVA Argentina reached a regulatory capital ratio of 21.5%, entailing a $1.5 trillion or 161.3% excess over minimum regulatory requirement. Tier I ratio was 21.5%.
Total liquid assets represented 47.6% of the Bank’s total deposits as of 1Q25.

1Q25 Results Conference Call

Thursday, May 22, 2025

Time: 12:00 p.m. Buenos Aires time – (11:00 a.m. EST)

To participate click to register

About BBVA Argentina

Banco BBVA Argentina (NYSE, BYMA, MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the principal shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, Banco BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME’s, and large-sized companies.

Banco BBVA Argentina’s purpose is to bring the age of opportunities to everyone, based on our customers’ real needs, providing the best solutions, and 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”. At the same time, its responsible banking model aspires to achieve a more inclusive and sustainable society.