Banco BBVA Argentina (BBAR) investor relations material

Executive summary

• Inflation-adjusted net income for Q1 2026 was ARS 85.2 billion, up 31.2% quarter-over-quarter but down 21.2% year-over-year, reflecting strong revenue and expense management.

• ROE reached 8.3% (vs. 6.5% in 4Q25), and ROA was 1.2%, indicating stable profitability metrics.

• Maintained resilience amid macroeconomic transition, with reduced interest rate volatility and ongoing monetary/regulatory adjustments supporting liquidity.

• Cautious outlook on private credit recovery, with prudent origination policies and focus on asset quality.

Financial highlights

• Net interest income rose 5.9% sequentially to ARS 879.9 billion, up 22.6% year-over-year; net interest margin expanded to 18.6%.

• Net fee income increased 16.9% QoQ and 28.3% YoY to ARS 169.8 billion.

• Loan loss allowances dropped 24.8% QoQ but surged 92.7% YoY.

• Efficiency ratio improved to 51.4% for the quarter, with expectations to fall below 50% for the year.

• Operating expenses were stable QoQ (+0.1%) and down 4.6% YoY.

Outlook and guidance

• Loan growth guidance revised to 15%-20% real terms for 2026, down from initial 25%-30%.

• NIMs expected to remain stable in real terms, with possible slight nominal decline as inflation and rates fall.

• ROE guidance for 2026 maintained at low to mid-teens, likely closer to low teens.

• NPL ratio expected to stabilize and gradually decline, potentially reaching around 5% by year-end.

• Forward-looking statements highlight risks from macroeconomic volatility, inflation, interest rate changes, and regulatory shifts.