Banco BBVA Argentina S.A. Announces Fourth Quarter & Fiscal Year 2024 Results
BBVA Argentina (NYSE: BBAR) has released its Q4 2024 financial results, showing mixed performance. The bank reported an inflation-adjusted net income of $64.7 billion in Q4 2024, marking a 39.6% decrease from Q3 2024 and a 38.9% decline from Q4 2023. The full-year 2024 net income reached $357.7 billion, slightly down 0.4% from 2023.
Notable metrics include a Q4 2024 ROAA of 1.7% and ROAE of 9.5%. Total consolidated financing to the private sector grew significantly to $7.6 trillion, up 28.7% quarter-over-quarter and 75.0% year-over-year. The bank's market share in private sector loans increased to 11.31%, gaining 146 basis points year-over-year.
Total deposits reached $9.9 trillion, with a 7.8% quarterly increase and 25.3% annual growth. The bank maintained strong asset quality with a low NPL ratio of 1.13% and a coverage ratio of 177.0%. The regulatory capital ratio stood at 19.5%, with $1.36 trillion in excess capital.
BBVA Argentina (NYSE: BBAR) ha pubblicato i risultati finanziari del quarto trimestre 2024, mostrando una performance mista. La banca ha riportato un reddito netto rettificato per l'inflazione di 64,7 miliardi di dollari nel Q4 2024, segnando una diminuzione del 39,6% rispetto al Q3 2024 e un calo del 38,9% rispetto al Q4 2023. Il reddito netto per l'intero anno 2024 ha raggiunto 357,7 miliardi di dollari, in leggera diminuzione dello 0,4% rispetto al 2023.
I metriche significative includono un ROAA di Q4 2024 dell'1,7% e un ROAE del 9,5%. Il totale del finanziamento consolidato al settore privato è cresciuto significativamente a 7,6 trilioni di dollari, con un aumento del 28,7% rispetto al trimestre precedente e del 75,0% anno su anno. La quota di mercato della banca nei prestiti al settore privato è aumentata all'11,31%, guadagnando 146 punti base anno su anno.
Il totale dei depositi ha raggiunto 9,9 trilioni di dollari, con un incremento trimestrale del 7,8% e una crescita annuale del 25,3%. La banca ha mantenuto una forte qualità degli attivi con un basso rapporto NPL dell'1,13% e un rapporto di copertura del 177,0%. Il rapporto di capitale regolamentare si è attestato al 19,5%, con 1,36 trilioni di dollari in capitale in eccesso.
BBVA Argentina (NYSE: BBAR) ha publicado sus resultados financieros del cuarto trimestre de 2024, mostrando un desempeño mixto. El banco reportó un ingreso neto ajustado por inflación de 64.7 mil millones de dólares en el Q4 2024, marcando una disminución del 39.6% en comparación con el Q3 2024 y una baja del 38.9% respecto al Q4 2023. El ingreso neto del año completo 2024 alcanzó 357.7 mil millones de dólares, ligeramente abajo un 0.4% en comparación con 2023.
Las métricas notables incluyen un ROAA del Q4 2024 del 1.7% y un ROAE del 9.5%. El financiamiento consolidado total al sector privado creció significativamente a 7.6 billones de dólares, un aumento del 28.7% trimestre a trimestre y del 75.0% año tras año. La participación de mercado del banco en préstamos al sector privado aumentó al 11.31%, ganando 146 puntos básicos año tras año.
Los depósitos totales alcanzaron 9.9 billones de dólares, con un incremento trimestral del 7.8% y un crecimiento anual del 25.3%. El banco mantuvo una fuerte calidad de activos con un bajo ratio de NPL del 1.13% y un ratio de cobertura del 177.0%. El ratio de capital regulatorio se situó en el 19.5%, con 1.36 billones de dólares en capital excedente.
BBVA 아르헨티나 (NYSE: BBAR)는 2024년 4분기 재무 결과를 발표했으며, 혼합된 성과를 보였습니다. 이 은행은 2024년 4분기 인플레이션 조정 후 순이익 647억 달러를 보고했으며, 이는 2024년 3분기 대비 39.6% 감소하고 2023년 4분기 대비 38.9% 감소한 수치입니다. 2024년 전체 순이익은 3577억 달러로, 2023년 대비 0.4% 감소했습니다.
주요 지표로는 2024년 4분기 ROAA가 1.7%, ROAE가 9.5%입니다. 민간 부문에 대한 총 통합 금융은 7.6조 달러로 크게 증가했으며, 분기 대비 28.7%, 연간 기준으로 75.0% 증가했습니다. 은행의 민간 부문 대출 시장 점유율은 11.31%로 증가했으며, 연간 기준으로 146bp 상승했습니다.
총 예금은 9.9조 달러에 도달했으며, 분기 대비 7.8% 증가하고 연간 기준으로 25.3% 성장했습니다. 은행은 1.13%의 낮은 NPL 비율과 177.0%의 커버리지 비율로 강력한 자산 품질을 유지했습니다. 규제 자본 비율은 19.5%로, 초과 자본은 1.36조 달러입니다.
BBVA Argentine (NYSE: BBAR) a publié ses résultats financiers du quatrième trimestre 2024, montrant une performance mitigée. La banque a rapporté un revenu net ajusté à l'inflation de 64,7 milliards de dollars au T4 2024, marquant une diminution de 39,6% par rapport au T3 2024 et une baisse de 38,9% par rapport au T4 2023. Le revenu net pour l'année entière 2024 a atteint 357,7 milliards de dollars, légèrement en baisse de 0,4% par rapport à 2023.
Les indicateurs notables comprennent un ROAA de 1,7% et un ROAE de 9,5% pour le T4 2024. Le financement total consolidé au secteur privé a considérablement augmenté pour atteindre 7,6 trillions de dollars, en hausse de 28,7% par rapport au trimestre précédent et de 75,0% d'une année sur l'autre. La part de marché de la banque dans les prêts au secteur privé a augmenté à 11,31%, gagnant 146 points de base d'une année sur l'autre.
Les dépôts totaux ont atteint 9,9 trillions de dollars, avec une augmentation trimestrielle de 7,8% et une croissance annuelle de 25,3%. La banque a maintenu une forte qualité d'actifs avec un faible ratio de prêts non performants de 1,13% et un ratio de couverture de 177,0%. Le ratio de capital réglementaire s'élevait à 19,5%, avec 1,36 trillion de dollars en capital excédentaire.
BBVA Argentinien (NYSE: BBAR) hat seine Finanzzahlen für das vierte Quartal 2024 veröffentlicht, die eine gemischte Leistung zeigen. Die Bank meldete ein inflationsbereinigtes Nettoergebnis von 64,7 Milliarden Dollar im Q4 2024, was einem Rückgang von 39,6% im Vergleich zum Q3 2024 und einem Rückgang von 38,9% im Vergleich zum Q4 2023 entspricht. Das Nettoergebnis für das gesamte Jahr 2024 erreichte 357,7 Milliarden Dollar, was einem leichten Rückgang von 0,4% im Vergleich zu 2023 entspricht.
Bemerkenswerte Kennzahlen sind ein ROAA von 1,7% und ein ROAE von 9,5% im Q4 2024. Die gesamte konsolidierte Finanzierung des privaten Sektors wuchs erheblich auf 7,6 Billionen Dollar, was einem Anstieg von 28,7% im Quartalsvergleich und 75,0% im Jahresvergleich entspricht. Der Marktanteil der Bank bei Krediten an den privaten Sektor stieg auf 11,31% und gewann 146 Basispunkte im Jahresvergleich.
Die Gesamtanlagen erreichten 9,9 Billionen Dollar, mit einem vierteljährlichen Anstieg von 7,8% und einem jährlichen Wachstum von 25,3%. Die Bank hielt eine starke Vermögensqualität mit einem niedrigen NPL-Verhältnis von 1,13% und einem Deckungsgrad von 177,0%. Das regulatorische Kapitalverhältnis lag bei 19,5%, mit 1,36 Billionen Dollar an überschüssigem Kapital.
- Private sector loan growth of 75.0% YoY
- Market share in private loans increased 146 bps to 11.31%
- Strong deposit growth of 25.3% YoY
- Robust capital ratio of 19.5% with $1.36T excess capital
- Excellent asset quality with 1.13% NPL ratio
- Q4 net income down 39.6% QoQ to $64.7B
- Operating income decreased 48.1% QoQ
- Full-year net income declined 0.4% YoY
- Efficiency ratio deteriorated to 61.8%
- ROAE declined to 9.5% in Q4
Insights
BBVA Argentina's Q4 2024 results reveal a deteriorating profitability trend despite solid growth in its loan portfolio and deposit base. The 39.6% quarter-over-quarter decline in net income to
The efficiency ratio worsened to
However, BBVA has successfully expanded its market presence, with private sector loans growing
Asset quality remains exceptional with a low
The mixed picture suggests BBVA Argentina is sacrificing short-term profitability for market expansion while maintaining strong risk parameters. The strategic emphasis on growth could position the bank favorably when economic conditions improve, despite current earnings pressure.
BBVA Argentina's latest results highlight a strategic trade-off between current profitability and balance sheet expansion. The bank has aggressively grown its loan book by
The substantial market share gains in both loans and deposits (146 and 193 basis points year-over-year, respectively) demonstrate a deliberate strategy to capitalize on market opportunities, potentially at the expense of short-term margins. The bank appears to be leveraging its strong capital position to pursue growth during a period of economic adjustment in Argentina.
The surge in export financing (up
The impressive liquidity position with liquid assets at
While the efficiency ratio deterioration to
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 2023 and 2024 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to December 31, 2024.
4Q24 & 2024 Highlights
-
BBVA Argentina’s inflation adjusted net income in 4Q24 was
$64.7 billion 39.6% below the$107.2 billion 38.9% lower than the$105.9 billion $357.7 billion 0.4% lower than the accumulated net result of$359.2 billion -
In 4Q24, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of
1.7% and an inflation adjusted average return on equity (ROAE) of9.5% . In 2024, BBVA Argentina posted an inflation adjusted ROAA of2.5% and an inflation adjusted ROAE of12.5% . -
Operating income in 4Q24 was
$164.8 billion 48.1% lower than the$317.6 billion 84.2% lower than the$1.0 trillion $1.9 trillion 25.8% below the$2.6 trillion -
In terms of activity, total consolidated financing to the private sector in 4Q24 totaled
$7.6 trillion 28.7% in real terms compared to 3Q24, and75.0% compared to 4Q23. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by81.0% , in credit cards by25.4% and in discounted instruments by26.0% . BBVA’s consolidated market share of private sector loans reached11.31% as of 4Q24, versus9.85% in 4T23, gaining 146 bps in the year. -
Total consolidated deposits in 4Q24 totaled
$9.9 trillion 7.8% in real terms during the quarter, and25.3% YoY. Quarterly increase was mainly explained by an increment in time deposits followed by savings accounts, by14.3% and3.6% respectively. The Bank’s consolidated market share of private deposits reached8.72% as of 4Q24 versus6.79% as of 4Q23, gaining 193 bps in the year. -
As of 4Q24, the non-performing loan ratio (NPL) reached
1.13% , with a177.0% coverage ratio. -
The accumulated efficiency ratio in 4Q24 was
61.8% , deteriorating compared to 3Q24’s59.7% , and 4Q23’s58.6% . -
As of 4Q24, BBVA Argentina reached a regulatory capital ratio of
19.5% , entailing a$1.36 trillion 138.5% excess over minimum regulatory requirement. Tier I ratio was19.5% . -
Total liquid assets represented
54.1% of the Bank’s total deposits as of 4Q24.
4Q24 Conference Call
Thursday, March 6th - 12:00 p.m. Buenos Aires Time (10:00 a.m. EST)
To participate click here to register
To access the full report English version - Spanish version
To access webcast presentation click here
About BBVA Argentina
BBVA Argentina (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the main shareholder since 1996. In
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 relies on solid values: “The 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305088936/en/
Investor Relations Contact
Carmen Morillo Arroyo
Chief Financial Officer
Belén Fourcade
Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
Source: Banco BBVA Argentina S.A
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