Banco BBVA Argentina S.A. - BBAR STOCK NEWS

Banco BBVA Argentina reported significant growth in its 2Q22 consolidated results. The bank's inflation-adjusted net income reached $15.9 billion, 235.8% higher than $4.7 billion in 1Q22 and 34.2% above $11.8 billion in 2Q21. The accumulated net income for the first half of 2022 was $20.6 billion, a 19.6% increase year-over-year. Operating income rose to $32.0 billion, while total deposits totaled $974.1 billion, up 4.2% in real terms. The non-performing loan ratio stood at 1.08%, with a coverage ratio of 219.39%.

Banco BBVA Argentina S.A has announced a dividend payment of AR$ 1,097,100,750, equating to AR$ 1.7905707570 per share, approved during a General Meeting on April 29, 2022. This dividend, representing 179.06% of the capital stock, will be paid on September 7, 2022, to shareholders registered by September 6, 2022. Payments will be made in Argentine Pesos to local shareholders, while non-resident shareholders have the option to receive securities or Argentine Pesos. No withholding tax applies for these dividends.

Banco BBVA Argentina S.A. (NYSE: BBAR) announced the upcoming release of its Second Quarter 2022 financial results scheduled for August 23, 2022, after market close. A conference call to discuss these results will occur on August 24, 2022, at 12:00 p.m. Buenos Aires time (11:00 a.m. EST). A quiet period is in effect from August 10 to August 23, 2022. Banco BBVA Argentina is a leading private financial institution in Argentina, dedicated to delivering tailored banking solutions and fostering a sustainable financial ecosystem.

Banco BBVA Argentina S.A. (NYSE: BYMA; MAE: BBAR) has announced a dividend payment of AR$ 1,097,100,750, equating to AR$ 1.7906 per share, confirmed during shareholder meetings on April 29, 2022, and June 16, 2022. The payment date is set for August 3, 2022, with a record date of August 2, 2022. Local and non-resident shareholders have specific processes for receiving dividends, including options for payment in Argentine pesos or securities. Dividends are tax-exempt as they derive from accrued profits before January 1, 2018.

Banco BBVA Argentina S.A. (BBAR) announced the approval of its dividend payment schedule during a meeting on June 16, 2022. The total dividend distributed amounts to AR$ 7,679,705,250 for the first seven installments, translating to AR$ 12.5339 per share. Payments will be made on July 6, 2022, with record date on July 5, 2022. Subsequent payments are scheduled for August 3, September 7, October 5, November 2, and December 6, totaling AR$ 1,097,100,750 for each of the later installments.

Banco BBVA Argentina S.A. reported its 1Q22 results showing an inflation-adjusted net income of $4.0 billion, a decline of 27.1% from 4Q21 and 12.3% from 1Q21. The average return on assets (ROAA) was 1.4%, and return on equity (ROAE) at 9.0%.

Total private sector financing decreased 8.4% in real terms to $413.2 billion, while deposits dropped 3.0% to $797.3 billion. The non-performing loan ratio was 1.29%, with coverage of 219.75%.

Banco BBVA Argentina (NYSE: BBAR) will release its First Quarter 2022 results on Thursday, May 19, after market close. A conference call is scheduled for Friday, May 20, at 12:00 p.m. Buenos Aires time. The quiet period begins on May 6 and ends on May 19. Banco BBVA Argentina, a subsidiary of the BBVA Group, has been a prominent player in the country's banking sector since 1886, offering a range of services to individuals and businesses. Additional details can be accessed via their investor relations webpage.

Banco BBVA Argentina S.A. (NYSE: BBAR) announced the filing of its Annual Report on Form 20-F for fiscal year 2021 with the SEC. The report is accessible on the company's Investor Relations website, and hard copies of the Audited Consolidated Financial Statements are available upon request. Banco BBVA Argentina, a leading private financial institution since 1886, focuses on retail and corporate banking services, aiming to meet the real needs of customers while promoting responsible banking for a sustainable society.

Banco BBVA Argentina S.A. reported its 4Q21 results, showing a significant 27.8% increase in inflation-adjusted net income to $4.8 billion, compared to $3.7 billion in 3Q21, and an impressive 1,008.8% year-over-year rise. For the full year 2021, net income reached $21.2 billion, up 27.1%. The return on assets (ROAA) was 1.8% for the quarter, while the return on equity (ROAE) stood at 11.8%. Total consolidated loans reached $388.4 billion, marking a 3.7% increase from 3Q21 but a decline versus 4Q20.