BBVA(BBAR)

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BBVA(BBAR) - 2024 Q3 - Quarterly Report
2025-01-03 16:44
Financial Performance - Net interest income for the nine-month period ended September 30, 2024, was ARS 2,268,473,038, a slight decrease from ARS 2,284,336,597 in the same period of 2023, indicating a decline of about 0.69%[12] - Net income for the period attributable to owners of the Parent reached ARS 270,384,184 for the nine months ended September 30, 2024, up from ARS 232,478,333 in the prior year, representing an increase of approximately 16.3%[15] - Basic earnings per share increased to ARS 441.2922 for the nine-month period ended September 30, 2024, compared to ARS 379.4263 in the same period of 2023, reflecting a growth of about 16.3%[15] - The bank reported net operating income of ARS 2,746,702,312 for the nine-month period ended September 30, 2024, compared to ARS 2,612,198,150 in the same period of 2023, indicating an increase of approximately 5.2%[12] - Net income for the period ended September 30, 2024, was ARS 99,212,200, compared to ARS 30,545,541 for the same period in 2023, representing an increase of 225%[18] - Total comprehensive income for the period was ARS 26,108,452, a significant increase from ARS 442,975 in the previous year[18] - The company reported an income before income tax of ARS 401,068,375 for the period ended September 30, 2024, up from ARS 361,890,112 in 2023, reflecting an increase of 11%[28] Assets and Liabilities - Total assets increased to ARS 12,552,531,436 as of September 30, 2024, compared to ARS 12,345,806,707 at the end of 2023, reflecting a growth of approximately 1.68%[5] - Total liabilities rose to ARS 10,162,136,171 as of September 30, 2024, from ARS 9,475,025,492 at the end of 2023, marking an increase of approximately 7.3%[8] - Deposits increased significantly to ARS 8,529,728,957 as of September 30, 2024, compared to ARS 7,336,126,060 at the end of 2023, showing a growth of around 16.3%[8] - The bank's total equity decreased to ARS 2,390,395,265 as of September 30, 2024, from ARS 2,870,781,215 at the end of 2023, reflecting a decline of about 16.7%[9] - Cash and cash equivalents at the end of the fiscal period increased to ARS 3,024,431,772 from ARS 1,478,067,747, representing a growth of 104.0% year-over-year[31] Income and Expenses - Interest income for the nine-month period ended September 30, 2024, was ARS 3,548,703,829, compared to ARS 4,645,033,251 in the same period of 2023, representing a decrease of approximately 23.7%[12] - The company experienced a loss from financial instruments at fair value through OCI of ARS (76,972,513) for the period ended September 30, 2024, compared to a loss of ARS (35,836,119) in 2023[18] - The total income tax expense for the quarter ended September 30, 2024, is $(15,092,567), compared to $3,931,273 for the same period in 2023[142] Cash Flows - Cash flows generated by operating activities for the nine-month period ended September 30, 2024, amounted to ARS 2,521,697,947, compared to ARS 748,379,602 in 2023, indicating a growth of 237%[28] - Total cash flows used in investing activities decreased to ARS (31,172,595) from ARS (35,758,403), a reduction of 13.5%[31] - Total cash flows generated by financing activities improved significantly to ARS 49,639,859 from ARS (63,338,452), indicating a turnaround in financing operations[31] Loans and Financing - Total loans and other financing increased to $5,432,380,041 as of September 30, 2024, up from $3,982,213,987 at December 31, 2023, representing a growth of approximately 36.5%[121] - Credit card loans rose to $1,515,424,822, an increase of 7% from $1,416,419,526 as of December 31, 2023[121] - Consumer loans surged to $583,093,748, reflecting a significant increase of 90% compared to $306,038,957 at the end of 2023[121] Taxation - The effective tax rate for the period ended September 30, 2024, is 32%, down from 35% in 2023[142] - Deferred tax assets related to tax losses increased to $93,674,800 as of September 30, 2024, from $2,537,225 as of December 31, 2023[140] - The total deferred tax liability increased to $(144,469,754) as of September 30, 2024, compared to $(153,361,021) as of December 31, 2023[140] Economic Environment - Year-over-year inflation for the nine-month period ended September 30, 2024, was 101.58%, slightly down from 103.15% in the same period of 2023[60] - The Argentine peso experienced a devaluation of nearly 55% since the end of 2019, with the gap between official and market dollar prices narrowing to approximately 15% as of September 30, 2024[37] - The new Argentine administration has implemented emergency measures aimed at reducing the fiscal deficit and softening economic regulations[39] Corporate Structure - Banco BBVA Argentina operates a network of 239 national branches and is 66.55% controlled by Banco Bilbao Vizcaya Argentaria S.A.[34] - The financial statements were prepared in accordance with the BCRA's financial reporting framework, based on IFRS standards[44]
All You Need to Know About Banco BBVA (BBAR) Rating Upgrade to Strong Buy
ZACKS· 2024-12-18 18:01
Core Viewpoint - Banco BBVA has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Banco BBVA indicate an improvement in the company's underlying business, likely leading to increased stock prices [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Earnings Estimate Revisions for Banco BBVA - Analysts expect Banco BBVA to earn $1.94 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 10.2% [8]. - The Zacks Consensus Estimate for Banco BBVA has increased by 3.2% over the past three months, indicating positive sentiment among analysts [8].
Best Value Stocks to Buy for December 18th
ZACKS· 2024-12-18 14:16
Group 1: LATAM Airlines Group - LATAM Airlines Group offers domestic and international passenger and cargo air services primarily in Chile, the United States, the South Pacific, Europe, and Latin America [1] - The company carries a Zacks Rank 1 (Strong Buy) and has seen a 26.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - LATAM Airlines has a price-to-earnings ratio (P/E) of 9.41, significantly lower than the industry average of 17.60, and possesses a Value Score of A [2] Group 2: BBVA Banco Frances - BBVA Banco Frances provides retail and corporate banking services to individuals, SMEs, and large-sized companies [1] - The company also carries a Zacks Rank 1 and has experienced a 3.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - BBVA Banco Frances has a price-to-earnings ratio (P/E) of 9.91, which is slightly lower than the industry average of 10.20, and holds a Value Score of A [3] Group 3: McKesson - McKesson is a healthcare services and information technology company that distributes branded and generic pharmaceutical drugs along with other healthcare-related products globally [1] - The company has a Zacks Rank 1 and has seen a 2.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - McKesson has a price-to-earnings ratio (P/E) of 17.42, which is significantly lower than the industry average of 34.90, and also possesses a Value Score of A [4]
Is BBVA Banco Frances (BBAR) Stock Undervalued Right Now?
ZACKS· 2024-12-17 15:40
Core Viewpoint - The article emphasizes the importance of value investing and highlights BBVA Banco Frances (BBAR) as a strong value stock based on various valuation metrics [2][8]. Valuation Metrics - BBAR has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4]. - The stock's P/E ratio is 9.45, which is lower than the industry average of 9.63, suggesting it may be undervalued [4]. - BBAR's P/B ratio stands at 0.96, significantly lower than the industry's average P/B of 1.74, indicating attractive valuation [5]. - The P/S ratio for BBAR is 0.61, compared to the industry's average P/S of 1.32, further supporting its undervaluation [6]. - BBAR's P/CF ratio is 4.74, well below the industry's average P/CF of 14.06, highlighting its solid cash outlook [7]. Overall Assessment - The combination of these metrics suggests that BBAR is likely undervalued at present, making it an impressive value stock with a strong earnings outlook [8].
Banco BBVA (BBAR) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-12-17 14:51
Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional "buy low, sell high" strategy, focusing instead on "buying high and selling higher" to maximize returns in a shorter timeframe [1] - Fast-moving trending stocks can be appealing, but identifying the right entry point is challenging, as these stocks may lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Opportunities in BBVA (BBAR) - Banco BBVA (BBAR) has shown significant price momentum, with an 8.7% increase over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, BBAR's stock price has surged by 66.1%, demonstrating its ability to deliver positive returns over a longer period [5] - BBAR has a beta of 1.49, suggesting it moves 49% more than the market, indicating fast-paced momentum [5] - The stock has a Momentum Score of B, suggesting it is an opportune time to invest in BBAR to capitalize on its momentum [6] - BBAR has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors and drive prices higher [7] - The stock is currently trading at a Price-to-Sales ratio of 0.61, indicating it is reasonably valued, as investors pay only 61 cents for each dollar of sales [7] Group 3: Additional Investment Strategies - Besides BBAR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
BBVA(BBAR) - 2024 Q3 - Earnings Call Transcript
2024-11-22 03:24
Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q3 2024 was ARS 99.2 billion, a decrease of 21.6% quarter-over-quarter [12] - The quarterly return on equity (ROE) was 16.9% and return on assets (ROA) was 2.9% [12] - Net interest income fell to ARS 460.3 billion, down 39.5% quarter-over-quarter [15] - Total operating expenses decreased by 17.6% quarter-over-quarter, amounting to ARS 316.6 billion [21] Business Line Data and Key Metrics Changes - Retail digital sales reached 92.6% in Q3 2024, representing 73.7% of total sales in monetary value [11] - Net fee income totaled ARS 71.1 billion, increasing 7.9% quarter-over-quarter [18] - Loan loss allowances decreased by 11.5%, aligning with the growth in the performing loan portfolio [20] Market Data and Key Metrics Changes - Private sector loans totaled ARS 5.5 trillion, increasing 26.5% quarter-over-quarter in real terms [24] - The bank's consolidated market share of private sector loans improved to 10.35% from 9.35% a year ago [29] - Total deposits reached ARS 8.5 trillion, increasing 30.9% quarter-over-quarter [30] Company Strategy and Development Direction - The company is focusing on digital channels for customer acquisition, which reached 83% by the end of September 2024 [10] - BBVA Argentina aims to sustain and expand its competitive position in the financial system through digital transformation [11] Management Comments on Operating Environment and Future Outlook - Management noted signs of economic recovery after a sharp contraction in the first half of 2024, with a forecasted GDP decline of 4% in 2024 followed by a 6% expansion in 2025 [8] - Inflation expectations have improved, with a projected year-end inflation rate of 125%, down from 211% in the same period of 2023 [8] Other Important Information - The capital ratio reached 22.2%, with capital excess over regulatory requirements at 172.4% [32] - The bank issued corporate bonds for ARS 24.5 billion at a face value, marking its first issuance since 2019 [37] Q&A Session Summary - No specific questions or answers were recorded during the Q&A session, as the operator concluded the presentation without further inquiries [39][40]
BBVA(BBAR) - 2024 Q2 - Quarterly Report
2024-10-18 18:58
BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2024 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the six-month period ended June 30, 2024, 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 Conden ...
What Makes Banco BBVA (BBAR) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-09-24 17:02
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Are Finance Stocks Lagging BBVA Banco Frances (BBAR) This Year?
ZACKS· 2024-09-23 14:47
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Banco BBVA (BBAR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Banco BBVA is a member of our Finance group, which includes 859 different companies and ...
BBVA(BBAR) - 2024 Q1 - Quarterly Report
2024-09-10 19:14
BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2024 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the three-month period ended March 31, 2024, 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 ...