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]

Financial Performance - Net interest income for Q1 2025 was ARS 541,328,362, a decrease of 56.0% compared to ARS 1,228,362,376 in Q1 2024[9] - Net income for the period was ARS 81,608,064, up 53.2% from ARS 53,251,542 in the same period last year[14] - Basic earnings per share increased to ARS 128.0084 in Q1 2025, compared to ARS 88.5037 in Q1 2024, reflecting a growth of 44.7%[11] - The net operating income for Q1 2025 was ARS 704,575,866, down 52.0% from ARS 1,466,984,692 in Q1 2024[9] - Total interest income decreased to ARS 918,075,624 in Q1 2025 from ARS 1,990,494,665 in Q1 2024, representing a decline of approximately 53.8%[170] - Total interest expense decreased to ARS 376,747,262 in Q1 2025 from ARS 762,132,289 in Q1 2024, reflecting a reduction of about 50.6%[171] - Commission income increased to ARS 180,626,075 in Q1 2025, up from ARS 142,031,815 in Q1 2024, marking an increase of approximately 27.2%[172] - Total net income from measurement of financial instruments at fair value through profit or loss was ARS 32,201,067 in Q1 2025, compared to ARS 43,459,846 in Q1 2024, indicating a decrease of about 26.0%[175] Assets and Liabilities - Total assets increased to ARS 16,288,455,732 as of March 31, 2025, up from ARS 15,986,783,531 at the end of 2024, representing a growth of 1.9%[5] - Total liabilities rose to ARS 13,471,171,603 as of March 31, 2025, compared to ARS 13,141,263,701 at the end of 2024, marking an increase of 2.5%[7] - Deposits increased to ARS 10,974,710,955, up from ARS 10,780,553,062, indicating a growth of 1.8%[7] - The bank's total equity decreased to ARS 2,817,284,129 from ARS 2,845,519,830, a decline of 1.0%[7] - As of March 31, 2025, total loans and other financing amounted to $9,078,760,870, an increase from $8,184,551,525 as of December 31, 2024, representing a growth of approximately 10.9%[98] - The total consolidated principal of corporate bonds outstanding was $249,101,477, an increase from $122,976,028 as of December 31, 2024[155] Cash Flow and Investments - Cash flows from operating activities showed a net outflow of ARS 521,255,644 thousand for the three-month period ended March 31, 2025, compared to a net inflow of ARS 659,984,738 thousand for the same period in 2024[21] - The total cash and cash equivalents at fiscal period-end were ARS 2,450,905,585 thousand, an increase from ARS 1,984,893,768 thousand at the end of the previous year[23] - Total cash flows used in investing activities were ARS 18,042,086 thousand for Q1 2025, down from ARS 37,734,566 thousand in Q1 2024[23] - Total cash flows generated by financing activities amounted to ARS 195,146,924 thousand in Q1 2025, contrasting with a net outflow of ARS 43,412,463 thousand in Q1 2024[23] - The total fair value of other debt securities increased to $2,247,448,222 from $2,069,007,030, marking a rise of about 8.6%[184] Financial Condition and Ratios - The Group's effective tax rate for the fiscal period ended March 31, 2025, was 38%, down from 41% for the same period in 2024[113] - The allowance for loan losses increased to $(214,599,755) as of March 31, 2025, from $(172,453,810) at the end of 2024, indicating a rise of 24.4%[98] - The provision for contingent commitments increased to $26,163,484 as of March 31, 2025, up from $24,731,860 at the end of 2024, indicating a rise of approximately 5.8%[158] Economic Environment - The inflation rate was reported at 8.57% during the first quarter of 2025, indicating a reduction in inflationary pressures[31] - As of March 31, 2025, the inflation rate for the three-month period was 8.57%, compared to 51.62% for the same period in 2024, and the fiscal year ended December 31, 2024, recorded an inflation rate of 117.76%[51] - The IMF approved an Extended Fund Facility arrangement for Argentina totaling approximately USD 20 billion, with an immediate disbursement of USD 12 billion[33] Regulatory and Compliance - The financial statements have been restated to reflect the purchasing power currency as of March 31, 2025, in accordance with IAS 29 due to hyperinflationary conditions[48] - The legal reserve must allocate 20% of net income as per B.C.R.A. regulations, ensuring compliance with local laws[168] Tax Matters - The Bank filed a request for a refund of ARS 4,528,453 for fiscal year 2019, which was upheld by a favorable judgment on February 7, 2025[120] - The Bank is currently pursuing an unconstitutionality action against AFIP regarding the comprehensive application of tax adjustments for inflation for fiscal year 2022[129] - The Bank filed a claim for a tax refund of 2,491,499 for the fiscal year 2023, arguing that the inflation adjustment mechanism is unconstitutional[131] Investments and Equity - The total amount of Argentine Treasury Bonds in pesos measured at amortized cost decreased to $126,254,944 as of March 31, 2025, from $173,606,503 at the end of 2024, indicating a decrease of 27.3%[101] - The total fair value of investments in equity instruments as of March 31, 2025, is $13,908,295, up from $7,195,687, showing a significant increase of approximately 93.5%[184]

[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 Position - As of December 31, 2024, the total foreign exchange-denominated asset position was Ps.3,816,713 million, while the total foreign exchange-denominated liability position was Ps.3,901,477 million, resulting in a net liabilities currency position of Ps.(84,764) million [827]. - As of December 31, 2024, consolidated excess capital amounted to Ps.1,317,781 million, with total capital at Ps.2,298,928.7 million under the Argentine risk-based capital guidelines [828]. - The shareholders' equity as of December 31, 2024, was Ps.2,615,827.2 million, with an average shareholders' equity to average total assets ratio of 20.33% [831]. - The average stockholders' equity as a percentage of average total assets was 20.33% in 2024, compared to 20.84% in 2023 [835]. - The total capital under Central Bank rules as of December 31, 2024, was Ps.2,298,928.7 million, with excess capital of Ps.1,317,781 million [835]. - BBVA Argentina's total capital ratio remained around 20%, indicating strong solvency and a comfortable level of excess over minimum capital requirements [857]. Economic Environment - The Argentine financial system is considered small and under-penetrated compared to peers in Latin America, indicating potential growth opportunities if inflation and interest rates are normalized [849]. - Argentine GDP decreased approximately 1.7% in 2024, while inflation fell to 117.8% from 211.4% in 2023, with expectations for continued decline in 2025 [851]. - The Central Bank reduced the monetary policy rate from 133% in 2023 to 32% in December 2024, indicating a significant easing of monetary policy [852]. - The current geopolitical and economic risks, including the war in Ukraine and trade tensions, are expected to impact the global economy and may affect the company's operations [846]. Business Strategy - The company is implementing an investment plan to strengthen technological infrastructure to support business growth and meet future demand [844]. - The company is shifting its focus towards lending to the private sector as the Argentine government reduces its borrowings from the financial sector [858]. - BBVA Argentina aims to maintain strong customer growth and enhance its digitalization strategy, leveraging tools like Net Promoter Score to improve customer satisfaction [859]. - The accelerated adoption of digital tools by customers has been consolidated over the last couple of years, with plans to develop new features collaboratively across BBVA Group [859]. Market Activity - BBVA Argentina gained market share in deposits, particularly in pesos, supported by strong performance in commercial time deposits [854]. - The company returned to the debt markets in the second half of 2024, issuing three corporate bonds totaling Ps. 77 billion, all denominated in pesos [855]. ESG and Climate Concerns - The company is adapting to increasing concerns over ESG and climate change, which may impact consumer preferences and regulatory requirements [860]. - Argentina continues to pursue CO2 emissions reduction, with significant climate risks identified, including droughts and floods affecting agricultural output [861]. - The company holds no material patents and incurs minimal research and development expenses related to IT systems [843].

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]

BBVA Argentina 4Q24 & 2024 Earnings Conference Call 4Q 24 Buenos Aires - March 6th, 2025 BBVA Argentina Webcast Presentation 1 Safe Harbor Statement This press release contains certain forward-looking statements that reflect the current views and/or expectations of Banco BBVA Argentina and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "s ...