Banco BBVA Argentina SA (BBAR) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

GuruFocus.com2024-11-22

Net Income: ARS99.2 billion, decreasing 21.6% quarter over quarter. ROAE: 16.9% for the quarter. ROAA: 2.9% for the quarter. Net Interest Income: ARS460.3 billion, falling 39.5% quarter over quarter. ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanco BBVA Argentina SA (BBAR) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 15:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/banco-bbva-argentina-sa-bbar-070416641.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Net Income: ARS99.2 billion, decreasing 21.6% quarter over quarter.\nROAE: 16.9% for the quarter.\nROAA: 2.9% for the quarter.\nNet Interest Income: ARS460.3 billion, falling 39.5% quarter over quarter.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/banco-bbva-argentina-sa-bbar-070416641.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/banco-bbva-argentina-sa-bbar-070416641.html","article_id":"2485128499","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.56Dhpg04xm1jZTM3SMRdw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/6c3c29352f362d3b0e0194a3248409e5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485128499","pubTimestamp":1732259056,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Net Income: ARS99.2 billion, decreasing 21.6% quarter over quarter.Net Interest Income: ARS460.3 billion, falling 39.5% quarter over quarter.Interest Income: ARS760.2 billion, falling 30.3% compared to the previous quarter.Interest Expenses: ARS299.9 billion, increasing 9.3% quarter over quarter.Net Fee Income: ARS71.1 billion, increasing 7.9% over the quarter.Efficiency Ratio: 59.2%, up from 55.3% in the previous quarter.Private Sector Loans: ARS5.5 trillion, increasing 26.5% quarter over quarter in real terms.Total Deposits: ARS8.5 trillion, increasing 30.9% quarter over quarter.Liquid Assets: ARS5.7 trillion, increasing 26.6% quarter over quarter.GuruFocus has detected 6 Warning Sign with BBAR.A: Ines Lanusse, IR Contact Officer, explained that the third quarter of 2024 saw significant fiscal consolidation and relative exchange rate stability, contributing to a moderation of inflation. Despite a sharp contraction in the first half of the year, there are signs of economic recovery. B","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Banco BBVA Argentina SA(BBAR)2024年第三季度收益看涨期权亮点：应对挑战……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBAR":1,"BBVA":1},"content_text":"Net Income: ARS99.2 billion, decreasing 21.6% quarter over quarter.\nROAE: 16.9% for the quarter.\nROAA: 2.9% for the quarter.\nNet Interest Income: ARS460.3 billion, falling 39.5% quarter over quarter.\nInterest Income: ARS760.2 billion, falling 30.3% compared to the previous quarter.\nInterest Expenses: ARS299.9 billion, increasing 9.3% quarter over quarter.\nNet Fee Income: ARS71.1 billion, increasing 7.9% over the quarter.\nOperating Expenses: ARS316.6 billion, decreasing 17.6% quarter over quarter.\nEfficiency Ratio: 59.2%, up from 55.3% in the previous quarter.\nPrivate Sector Loans: ARS5.5 trillion, increasing 26.5% quarter over quarter in real terms.\nTotal Deposits: ARS8.5 trillion, increasing 30.9% quarter over quarter.\nCapital Ratio: 22.2%.\nLiquid Assets: ARS5.7 trillion, increasing 26.6% quarter over quarter.\n\n\nWarning! GuruFocus has detected 6 Warning Sign with BBAR.\n\nRelease Date: November 21, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nBanco BBVA Argentina SA (NYSE:BBAR) reported a significant increase in digital customer acquisition, reaching 83% by the end of September 2024, up from 80% a year ago.\nRetail digital sales represented 92.6% of total sales in units and 73.7% in monetary value, indicating strong digital engagement.\nThe bank's private sector loans increased by 26.5% quarter over quarter in real terms, with notable growth in consumer loans and credit cards.\nTotal deposits increased by 30.9% quarter over quarter, with a significant rise in private non-financial sector deposits in foreign currency.\nBBVA Argentina maintained strong solvency indicators with a capital ratio of 22.2% and capital excess over regulatory requirements at 172.4%.\n\n Negative Points \n\nInflation-adjusted net income decreased by 21.6% quarter over quarter, impacting the bank's profitability.\nNet interest income fell by 39.5% quarter over quarter due to lower interest income from REPOs and CPI-linked bonds.\nOperating results declined by 41.3% due to lower operating income, primarily from reduced interest income.\nThe efficiency ratio increased to 59.2% from 55.3% in the previous quarter, indicating higher relative expenses.\nThe bank's exposure to the public sector, excluding the Central Bank, decreased by 6.4%, reflecting reduced public sector engagement.\n\n Q & A Highlights \nQ: Can you provide an overview of the economic environment and its impact on BBVA Argentina's performance in the third quarter of 2024? A: Ines Lanusse, IR Contact Officer, explained that the third quarter of 2024 saw significant fiscal consolidation and relative exchange rate stability, contributing to a moderation of inflation. Despite a sharp contraction in the first half of the year, there are signs of economic recovery. BBVA Research forecasts a 4% decline in GDP for 2024, followed by a 6% expansion in 2025. Inflation is expected to reduce to 125% by year-end, down from 211% in the same period of 2023.\nQ: How has BBVA Argentina's digital transformation progressed, and what impact has it had on customer acquisition? A: Ines Lanusse highlighted that by the end of September 2024, 83% of new customer acquisitions were through digital channels, up from 80% a year ago. Retail digital sales reached 92.6% in the third quarter, representing 73.7% of the bank's total sales in monetary value. This digital shift is seen as crucial for sustaining and expanding the bank's competitive position.\nQ: What were the key financial results for BBVA Argentina in the third quarter of 2024? A: Ines Lanusse reported that the inflation-adjusted net income was ARS99.2 billion, a decrease of 21.6% quarter over quarter. The quarter's ROAE was 16.9%, and ROAA was 2.9%. The decline in operating results was due to lower interest income and FX results, partially offset by decreased operating expenses.\nQ: Can you elaborate on the changes in BBVA Argentina's loan portfolio during the third quarter of 2024? A: Ines Lanusse noted that private sector loans totaled ARS5.5 trillion, increasing 26.5% quarter over quarter in real terms. Growth was driven by a 48% increase in discounted instruments, a 51% rise in consumer loans, and a 14.2% increase in credit cards. Loans in foreign currency also increased significantly, mainly due to export financing.\nQ: How did BBVA Argentina's funding and deposit base evolve in the third quarter of 2024? A: Ines Lanusse stated that total deposits reached ARS8.5 trillion, increasing 30.9% quarter over quarter. Private non-financial sector deposits in pesos rose by 12.4%, with significant growth in time deposits and checking accounts. Deposits in foreign currency, expressed in pesos, increased by 84.9%, influenced by a fiscal amnesty.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485128499"}