Group 1 - Banco BBVA Argentina S.A. (NYSE:BBAR) has been upgraded from Hold to Buy by Carlos Gomez-Lopez from HSBC, with a revised price target of $17, down from $21 [1] - The company's fiscal second-quarter results revealed a revenue of $527.39 million, which was $5.51 million below consensus estimates, and an EPS of $0.21, missing expectations by $0.16 [2] - Despite the recent underperformance, the volatility in the stock presents an attractive entry point for investors, with favorable exchange rates supporting the Argentine banking sector [3] Group 2 - The long-term investment outlook for Argentine banks, including Banco BBVA Argentina S.A., remains strong despite short-term challenges [3]

Market Overview - The market is currently overbought, a trend that has persisted since September 2025, with a need for a pull-back for long-term health [1] - The S&P 500 is projected to reach 7,000 by the end of the year and 7,200 by early 2026, indicating ongoing buying opportunities [1] - The bull market is primarily driven by advancements in AI and technology, with long-term growth projections for the S&P 500 ranging from 10,000 to 13,000 [2] Federal Reserve Insights - The Federal Reserve cutting rates in a healthy economy is unconventional, but such cuts could stimulate risk assets in the current market scenario [3] Investment Strategy - A list of 11 oversold financial stocks has been curated based on a decline of over 20% year-to-date, with analysts expecting more than 30% upside potential [5] - The methodology involved using the Finviz Stock Screener, CNN, and Insider Monkey's Q2 2025 database to identify these stocks [5][6] Company Highlights The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) - Year-to-date decline of 22.73% with an analyst upside potential of 35.42% [8] - The company reported quarterly revenue of $378.81 million for FQ2 2025, an 11.47% year-over-year increase, and EPS of $0.42 [9] - Analysts maintain a bullish sentiment, with a price target reflecting a 35.42% upside from current levels [10] Banco BBVA Argentina S.A. (NYSE:BBAR) - Year-to-date decline of 61.78% with an analyst upside potential of 170.43% [12] - The company reported revenue of $527.39 million, missing consensus estimates, and an EPS of $0.21, which was also below expectations [13] - Despite recent underperformance, the volatility presents an attractive entry point for investors, with a robust long-term investment case for Argentine banks [14]

Group 1 - U.S. stocks showed mixed performance, with the Dow Jones index declining over 100 points on Monday [1] - PROS Holdings, Inc. shares surged 40% to $22.97 following the announcement of its acquisition by Thoma Bravo [1] - MBX Biosciences, Inc. saw a significant increase of 144% to $24.40 after its once-weekly Canvuparatide met primary endpoints in a Phase 2 trial [3] - Metsera, Inc. gained 62.8% to $54.25 amid reports of a near acquisition deal with Pfizer [3] - Anywhere Real Estate Inc. experienced a 57% rise to $11.13 due to a combination announcement with Compass in an all-stock transaction [3] - The ODP Corporation's shares increased by 33.6% to $27.82 after announcing a definitive agreement to be acquired by an affiliate of Atlas Holdings [3] - Banco BBVA Argentina S.A. shares rose 17.7% to $9.64 following U.S. Treasury Secretary Bessent's statement of support for Argentina [3] - Grupo Supervielle S.A. also saw a 16% increase to $5.83 under similar circumstances regarding U.S. support for Argentina [3] - Lumen Technologies, Inc. rose 12.5% to $6.43 after announcing significant progress in building infrastructure for the AI economy [3] - IREN Limited gained 10.7% to $42.88 after doubling its AI Cloud capacity to 23,000 GPUs [3]

Core Insights - BBVA Argentina is experiencing a complex breakeven point, with Q2 2025 results indicating solid local operations, revenue growth surpassing inflation, and maintained efficiency [1] Financial Performance - The company reported revenue growth that exceeds inflation, suggesting a robust operational performance in the local market [1] Operational Efficiency - Efficiency levels have been defended, indicating that the company is managing its resources effectively despite challenging market conditions [1] Regulatory Environment - The regulatory framework appears to be stable, which may contribute positively to the company's operational stability [1]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q2 2025 was ARS 59.6 billion, a decrease of 31.1% quarter over quarter, resulting in a quarterly ROE of 7.6% and a quarterly ROA of 1.2% [9][10] - Net interest income increased by 3.1% quarter over quarter to ARS 591.8 billion, driven by higher income from loans [11] - Total operating expenses decreased by 7.5% quarter over quarter to ARS 483.1 billion, with personnel benefit costs accounting for 29% of this total [13][14] Business Line Data and Key Metrics Changes - Private sector loans totaled ARS 11.3 trillion, increasing 15.7% quarter over quarter, with significant growth in overdrafts (34.6%) and other loans (26.9%) [15][16] - Net fee income decreased by 11.1% quarter over quarter to ARS 94.1 billion, primarily due to a drop in credit card fees [12] - Loan loss allowances increased by 42.3%, reflecting the real growth of the loan book and a rise in nonperforming loans [13] Market Data and Key Metrics Changes - BBVA Argentina's market share of total private loans rose by 107 basis points from 10.54% in June 2024 to 11.61% in June 2025 [7][17] - The bank's market share of total private deposits reached 9.64%, up from 7.5% a year ago [8][19] - Private nonfinancial sector deposits in pesos increased by 11% quarter over quarter, driven by a 34.8% rise in time deposits [20] Company Strategy and Development Direction - The company aims to maintain a growth rate of around 50% in real terms for the year, focusing on credit growth despite a more complicated scenario regarding nonperforming loans [30][32] - BBVA Argentina is committed to increasing its market share while managing liquidity and capital effectively [34][36] - The bank's strategy includes a shift towards more corporate loans while still maintaining a presence in retail lending [40] Management's Comments on Operating Environment and Future Outlook - Management noted a significant disinflationary trend and projected GDP growth of 5.5% year over year for 2025, reversing the previous year's decline [5][6] - The management expressed confidence in sustaining growth and profitability despite potential challenges in the economic environment [30][32] - The bank is optimistic about the impact of regulatory changes on cross-border credit flows and investments [6] Other Important Information - The capital ratio reached 18.4%, with expectations to finish the year around 17% due to dividend payments and credit activity growth [21][22] - The bank's liquidity position remains strong, with liquid assets increasing by 14.7% quarter over quarter [23] Q&A Session Summary Question: Updates on guidance and sustainability of market share growth - Management maintains guidance for 50% real growth and low double-digit ROEs, with a focus on deposit growth [30][31] Question: Shift towards more corporate loans due to NPLs - Management indicated a potential shift towards more credit cards and commercial loans while still growing in retail [40] Question: Impact of high real rates on loan demand - High interest rates are affecting loan demand, particularly in the commercial segment, but management remains confident in achieving yearly targets [51][52] Question: Expectations for fees and commissions - Year-over-year growth in fees and commissions is strong, with plans to improve performance in this area despite a quarter-over-quarter drop [54]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q2 2025 was ARS 59.6 billion, a decrease of 31.1% quarter over quarter, resulting in a quarterly ROE of 7.6% and a quarterly ROA of 1.2% [8][9] - The bank's market share of total private loans rose 107 basis points from 10.54% in June 2024 to 11.61% in June 2025 [7] - Total deposits reached ARS 13 trillion, increasing 12% quarter over quarter, with a consolidated market share of private deposits at 9.64%, up from 7.5% a year ago [20][21] Business Line Data and Key Metrics Changes - Net interest income was ARS 59.18 billion, increasing 3.1% quarter over quarter, driven by improved income from loans [11] - Net fee income totaled ARS 94.1 billion, decreasing 11.1% quarter over quarter, primarily due to a drop in credit card fees [12] - Loan loss allowances increased by 42.3%, reflecting real growth in the loan book and higher provisioning due to nonperforming loans [13] Market Data and Key Metrics Changes - The peso loan portfolio expanded by 43% year to date, outpacing the system's growth of 39% [7] - Private sector loans totaled ARS 11.3 trillion, increasing 15.7% quarter over quarter, with significant growth in overdrafts and other loans [15][16] - The nonperforming loan ratio on private loans reached 2.28%, below the system average of 2.55% [18] Company Strategy and Development Direction - The bank aims for a real growth rate of around 50% for the year, maintaining a strategy focused on credit growth despite a more complicated NPL environment [32] - BBVA Argentina is committed to increasing market share and is confident in its liquidity and capital position to support growth [38] - The bank's strategy includes a shift towards more corporate loans while managing risks associated with retail loans [46] Management's Comments on Operating Environment and Future Outlook - Management noted a stabilization in the macroeconomic environment, with GDP growth projected at 5.5% year over year for 2025, reversing the previous year's decline [5] - The bank is optimistic about maintaining profitability with ROEs expected to be in the low double digits by year-end [33] - Management acknowledged the impact of high real interest rates on loan demand, particularly in the commercial segment, but remains confident in achieving growth targets [58] Other Important Information - The bank's capital ratio reached 18.4%, with expectations to finish the year around 17% due to dividend payments and credit activity growth [34][22] - BBVA Argentina's liquidity position remains strong, with liquid assets representing 48.7% of total deposits [24] Q&A Session Summary Question: Updates on guidance and sustainability of market share growth - Management maintains guidance for 50% real growth for the bank and expects to sustain market share despite potential system deceleration [32][38] Question: Shift towards corporate loans and reconciling ROEs - Management indicated a potential shift towards more corporate loans while maintaining overall growth strategy, with a focus on improving profitability through fees and commissions [46][47] Question: Impact of high real rates on loan demand - Management confirmed that high interest rates are affecting loan demand, particularly in the commercial sector, but they remain on track to meet growth targets [58] Question: Expectations for fees and commissions - Management noted a year-over-year increase in fees and commissions, with plans to enhance performance in this area despite a quarter-over-quarter decline [60][62]

Financial Performance - BBVA Argentina's Net Income decreased, reflected in declines in ROA and ROE [3] - Net Interest Income improved due to commercial efforts, with Financial Margin at AR$ 591.8 billion, up 11.4% YoY [5] - Operating Expenses remained stable, leading to an Efficiency Ratio of 56.5% [5] - Loan Loss Allowances increased to AR$ 144.5 billion due to loan book growth [5] Loan Portfolio & Asset Quality - Private Loans increased by 16.3% QoQ, outpacing the 6% inflation [10] - The bank experienced real growth in its loan portfolio due to higher commercial activity [7] Deposits & Capital - Private Deposits increased, leading to a higher market share [21] - Total Liquid Assets to Total Deposits ratio is 11.5% [25] - Capital ratio declined due to credit portfolio growth and dividend distribution [24] Digital Transformation - New Retail Customer Acquisition increased, with a 100 bps increase in digital acquisition compared to 2Q24 [29] - Digital & Mobile Active Clients grew by 7% YoY [29]

TABLE OF CONTENTS BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2025 Banco BBVA Argentina S.A. Condensed interim financial statements for the three-month period ended March 31, 2025, comparatively presented. Consolidated Condensed Statement of Financial Position Consolidated Condensed Statement of Income Consolidated Condensed Statement of Other Comprehensive Income Consolidated Condensed Statement of Changes in Shareholders' Equity Consolidated ...

[FORM 6-K Filing Information](index=1&type=section&id=FORM%206-K%20Filing%20Information) This section details the identification and compliance status of the Form 6-K filing by BBVA Argentina Bank S.A. [Report Identification and Registrant Details](index=1&type=section&id=Report%20Identification%20and%20Registrant%20Details) This section identifies the filing as a Form 6-K report for April 2025 by BBVA Argentina Bank S.A., detailing its SEC Commission File Number and principal executive offices - The filing is a **Form 6-K report** for the month of April 2025[1](index=1&type=chunk) Registrant Details | Detail | Value | | :----- | :---- | | Registrant Name | BBVA Argentina Bank S.A. | | Commission File Number | 001-12568 | | Principal Executive Offices | 111 Córdoba Av, C1054AAA, Buenos Aires, Argentina | [Filing Status and Compliance](index=1&type=section&id=Filing%20Status%20and%20Compliance) The registrant indicates that it files annual reports under Form 20-F and confirms that the Form 6-K is not being submitted in paper format nor is it furnishing information pursuant to Rule 12g3-2(b) - The registrant files annual reports under **Form 20-F**[1](index=1&type=chunk) - The Form 6-K is not being submitted in paper format[2](index=2&type=chunk) - The registrant is not furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934[2](index=2&type=chunk) [Relevant Event: Filing of 20-F Annual Report](index=2&type=section&id=Relevant%20Event%3A%20Filing%20of%2020-F%20Annual%20Report) This section announces the filing of BBVA Argentina Bank S.A.'s 20-F Annual Report for 2024, detailing its availability and authorization [Internal Table of Contents](index=2&type=section&id=Internal%20Table%20of%20Contents) The internal table of contents for this specific Form 6-K lists 'Relevant Event' and '20 F Annual Report' as its primary items - The internal table of contents for this report includes 'Relevant Event' and '20 F Annual Report'[4](index=4&type=chunk) [Announcement of 20-F Filing](index=3&type=section&id=Announcement%20of%2020-F%20Filing) BBVA Argentina Bank S.A. announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 4, 2025 - BBVA Argentina Bank S.A. filed its Annual Report on **Form 20-F** for the year ended December 31, 2024[5](index=5&type=chunk) - The filing was made with the U.S. Securities and Exchange Commission on **April 4, 2025**[5](index=5&type=chunk) [Filing Particulars](index=3&type=section&id=Filing%20Particulars) This section provides specific details regarding the filing date, report type, and period covered for the 20-F Annual Report Filing Details | Detail | Value | | :----- | :---- | | Filing Date | April 4, 2025 | | Report Type | Annual Report on Form 20-F | | Period Ended | December 31, 2024 | [Report Availability](index=3&type=section&id=Report%20Availability) The report is accessible on both the company's investor relations website and the U.S. Securities and Exchange Commission's website - The report is available on the company's investor relations website (ir.bbva.com.ar/en, in the Financial Information/20 F section)[5](index=5&type=chunk) - The report is also available on the SEC's website (www.sec.gov)[5](index=5&type=chunk) [Signatures and Authorization](index=4&type=section&id=Signatures%20and%20Authorization) The report was duly signed on behalf of BBVA Argentina Bank S.A. by Carmen Morillo Arroyo, Chief Financial Officer, on April 4, 2025, authorizing the filing pursuant to the Securities Exchange Act of 1934 - The report was signed on behalf of BBVA Argentina Bank S.A. by **Carmen Morillo Arroyo, Chief Financial Officer**[9](index=9&type=chunk)[10](index=10&type=chunk) - The signing date was **April 04, 2025**[10](index=10&type=chunk) - The signing confirms the report's authorization pursuant to the requirements of the Securities Exchange Act of 1934[8](index=8&type=chunk)

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q4 2024 was ARS 64.7 billion, a decrease of 39.6% quarter-over-quarter [9] - The annual net income for 2024 was ARS 357.7 billion, down 0.4% from ARS 359.2 billion in 2023, resulting in an annualized ROE of 12.5% and ROA of 2.5% [13] - The efficiency ratio increased to 61.8% in Q4 2024, up from 58.6% in Q4 2023, due to a decrease in income [19] Business Line Data and Key Metrics Changes - Retail digital sales reached 91% in Q4 2024, representing 73.5% of total sales by monetary value [8] - Net interest income for 2024 totaled ARS 2.9 trillion, falling 17.3% year-over-year due to lower accrued average rates in loans and public securities [15] - The total loan portfolio increased by 36.6% in nominal terms during Q4 2024, surpassing inflation levels [25] Market Data and Key Metrics Changes - BBVA Argentina's market share of private sector loans improved to 11.31% in Q4 2024 from 9.35% a year ago [26] - Total deposits reached ARS 9.9 trillion, increasing 7.8% quarter-over-quarter, with private non-financial sector deposits in pesos rising 23.5% year-over-year [26][27] - The bank's capital ratio stood at 19.5%, with a capital excess over regulatory requirements of 138.5% [28] Company Strategy and Development Direction - The company aims to sustain and expand its competitive position through increased digital customer acquisition, which reached 88% by the end of December 2024 [8] - BBVA Argentina is focusing on growing its market share, expecting private loan growth of 60% to 65% in real terms for 2025 [35] - The strategy has shifted towards commercial loans, which now represent over 50% of the portfolio, while still maintaining growth in retail segments [81] Management's Comments on Operating Environment and Future Outlook - Management noted a significant improvement in inflation moderation and economic recovery, with expectations of GDP growth around 5.5% in 2025 [5] - The forecast for inflation is around 30% for 2025, with a notable decrease in country risk from 1,900 bps to less than 700 bps [6] - Management expressed confidence in asset quality, with non-performing loans (NPLs) remaining low at 1.13% [67] Other Important Information - The bank's total operating expenses for 2024 were ARS 1.7 trillion, a decrease of 3.9% year-over-year in real terms [17] - The bank issued corporate bonds in both pesos and U.S. dollars, indicating a strategy to enhance funding without needing additional capital until at least 2026 [77] Q&A Session Summary Question: Expectations for growth in loans, deposits, and profitability for 2025 - Management expects private loans to grow between 40% and 45% for the system, with BBVA Argentina targeting 60% to 65% growth in real terms [35] Question: Clarification on inflation forecast - Management confirmed the inflation forecast of 30% for 2025, which is more conservative than market consensus [44] Question: Profitability expectations in terms of ROE or ROA - Management indicated a realistic ROE range of 12% to 13% for 2025, slightly lower than peers [52] Question: Dividend plans for 2025 - Management is awaiting regulatory approval for dividends, expecting a smaller payout compared to the previous year [58] Question: Asset quality and loan loss reserves - Management reported low NPLs at 1.13%, with no significant concerns regarding asset quality despite increased loan growth [67] Question: Funding and deposit growth expectations - Management expressed confidence in liquidity, with deposits growing 25% in real terms and plans for further corporate bond issuance [75]