Banco BBVA Argentina SA BBAR

FinancialsBanking ServicesArgentina

Last close 11.61 USD on Nov 1, 2026, −34.0% year to date

Quant rating

Quant rating C Rank 185 of 304 in Financials

Growth B 78 of 304
Valuation C 158 of 304
Quality C 172 of 304
Revisions C 162 of 304
Momentum C 210 of 304

Wall Street consensus Buy (2.43)Average target 20.14 USD +73.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.5B
Enterprise value: 1.3B
52-week range: 11.40 – 22.45
3-year range: 3.38 – 23.13
Dividend yield: 1.31%
Beta (5 years): 1.00
Shares outstanding: 613M
Next earnings: Nov 24, 2026

About the company

Banco Bbva Argentina SA, formerly known as BBVA French Bank, is an Argentina-based banking institution. Through its banking platform, the Bank provides a broad range of financial and non-financial services to both individuals and companies. It manages three business lines: Retail Banking, Small and Medium-Sized Companies and Corporate and Investment Banking (C&IB). Retail Banking offers checking and savings accounts, time deposits, credit cards, loans, mortgages, insurance and investment products, among others. Small and Medium-Sized Companies targets local private-sector companies providing financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance and investment products, among others. C&IB offers financial services to corporations and multinational companies, as well as global transaction services, global markets solutions, long term financing, among others. The Bank is active locally, mostly.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,650	4,559	3,938	3,561	4,077	–
Revenue growth	−19.9%	15.8%	10.6%	−12.7%	90.9%	11.3%
EPS (basic, normalized)	0.28	0.56	0.33	0.55	0.66	–
EPS growth	−49.8%	68.1%	−39.4%	−16.4%	103.0%	−2.8%
Gross margin	–	–	–	–	–	–
Net margin	4.7%	7.5%	5.2%	9.3%	9.9%	7.3%
ROE	–	18.2%	83.3%	17.5%	5.7%	31.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	31.4
Net debt (mil)	–
Total equity (mil)	2,822
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	3,650	−19.9%	0.4x	–	–	–	0.88	−53.6%	13.2x
2026	3,487	−4.5%	0.4x	14.52	–	0.8x	1.71	+94.8%	6.8x
2027	4,119	+18.1%	0.3x	16.60	+14.3%	0.7x	2.79	+63.0%	4.2x
2028	5,090	+23.6%	0.3x	19.53	+17.7%	0.6x	3.10	+11.2%	3.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,487	0.0%	+0.6%	+13.1%	1.71	0.0%	0.0%	+10.3%
2027	4,119	0.0%	−1.6%	+7.7%	2.79	+0.5%	+0.5%	+6.6%
2028	5,090	0.0%	−1.8%	−1.2%	3.10	−1.7%	−5.0%	−4.2%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	586	553	665	1,027
Sales mean (mil)	–	–	–	–	–	–	456	624	656	764
Surprise	–	–	–	–	–	–	+28.5%	−11.3%	+1.4%	+34.4%
EPS reported	0.20	0.65	0.62	0.30	0.36	0.24	0.13	0.18	0.27	0.44
EPS mean	0.25	0.60	0.45	0.37	0.26	0.37	0.27	0.32	0.28	0.43
Surprise	−18.4%	+8.3%	+37.8%	−18.9%	+40.0%	−36.2%	−51.3%	−42.1%	−2.7%	+3.0%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
BBAR Banco BBVA Argentina SA	2.5B	–	4.7%	1.42x	6.8x	4.2x	0.8x	0.7x
SAN Banco Santander S.A.	164.6B	15.7%	12.3%	1.14x	9.7x	8.0x	1.3x	1.2x
BBVA Banco Bilbao Vizcaya Argentaria, S.a	129.7B	14.4%	17.3%	1.21x	10.1x	8.9x	2.0x	1.8x
ITUB Itau Unibanco Holding SA	83.9B	–	17.6%	1.08x	8.1x	7.4x	1.9x	1.7x
CABK CaixaBank SA	87.3B	14.3%	32.7%	1.26x	12.1x	10.4x	2.0x	1.9x
NU Nu Holdings Ltd.	56.1B	–	18.2%	–	13.4x	10.3x	3.6x	2.7x
Mean		14.8%	17.1%	1.22x	10.0x	8.2x	1.9x	1.7x
Median		14.4%	17.5%	1.21x	9.9x	8.5x	1.9x	1.8x

Technical analysis

1M−7.5%
3M−38.1%
1Y−19.0%
3Y+293.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Banco BBVA Argentina SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	3,650	4,559	3,938	3,561	4,077	2,135
Total interest expense	1,774	1,712	1,923	1,640	1,727	738
Net interest income	1,876	2,848	2,015	1,921	2,349	1,398
Loan loss provision	555	211	94.5	110	157	178
Net interest income after loan loss provision	1,322	2,636	1,920	1,810	2,193	1,219
Non-interest income	698	−333	−426	−83.7	428	491
Non-interest expense	−1,724	−1,871	−1,121	−1,377	−2,221	−1,365
Net income before taxes	296	432	374	350	400	345
Provision for taxes	112	84.3	170	22.2	−1.5	147
Minority interest & equity in affiliates	−12.0	−4.3	−0.5	5.0	0.4	0.2
Other	0	0	0	0	0	0
Net income before extraordinary items	172	343	204	333	402	198
Extraordinary items	–	–	–	–	–	–
Net income	172	343	204	333	402	198
Basic weighted average shares (mil)	613	613	613	613	613	613
Diluted weighted average shares (mil)	613	613	613	613	613	613
Basic EPS excluding extraordinary items	0.28	0.56	0.33	0.54	0.66	0.32
Basic EPS, normalized	0.28	0.56	0.33	0.55	0.66	0.32

Balance sheet in millions of USD, fiscal years

Balance sheet, Banco BBVA Argentina SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	2,423	2,467	1,345	1,578	4,102	2,665
Other earning assets	3,286	3,046	1,405	4,084	3,896	2,474
Net loans	8,358	6,344	2,254	3,915	6,938	4,731
Property, plant & equipment	618	628	369	544	966	606
Goodwill	–	–	–	–	–	–
Intangibles	82.2	67.2	41.0	54.4	69.7	27.9
Long-term investments	26.6	23.1	15.3	19.6	38.9	25.9
Other long-term assets	47.6	28.3	4.6	9.9	22.4	99.3
Other assets	2,670	1,693	2,142	879	3,510	1,721
Total assets	17,511	14,296	7,576	11,083	19,544	12,351
Liabilities
Accounts payable	1,307	1,407	634	911	1,468	846
Payable/accrued	–	–	–	–	–	–
Accrued expenses	166	149	122	149	228	116
Total deposits	11,857	9,640	4,502	7,434	13,438	8,585
Other bearing liabilities	–	131	15.9	1.1	9.5	21.0
Short-term borrowings	570	195	34.9	112	223	173
Current portion of long-term debt	2.3	–	–	–	–	–
Long-term debt	356	31.5	29.1	23.3	55.4	53.0
Minority interest	76.6	40.8	22.2	30.6	60.8	38.4
Other liabilities	811	197	477	382	1,037	695
Total liabilities	15,145	11,792	5,836	9,044	16,520	10,526
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.4	0.6	0.8	3.5	6.0	7.3
Additional paid-in capital	4.6	6.5	8.3	439	756	474
Retained earnings (accumulated deficit)	1,560	1,573	1,008	1,323	1,704	1,003
Treasury stock	–	–	–	–	–	–
Other equity	801	924	723	274	559	340
Total equity	2,366	2,504	1,739	2,040	3,024	1,824
Total liabilities & shareholders' equity	17,511	14,296	7,576	11,083	19,544	12,351

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Banco BBVA Argentina SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	296	432	374	350	400	345
Depreciation, depletion & amortization	76.6	77.3	35.5	62.1	106	73.0
Deferred taxes	–	–	–	–	–	–
Non-cash items	233	2,067	445	825	1,284	158
Changes in working capital	−608	−1,688	−1,204	−1,787	−1,322	−1,682
Cash from operations	−2.4	888	−350	−550	468	−1,106
Investing activities
Capital expenditures	−149	−160	−52.0	−92.8	−153	−50.6
Other investing cash flows	−16.4	2.1	−1.0	−60.8	10.3	8.0
Cash from investing	−166	−158	−53.1	−154	−142	−42.7
Financing activities
Financing cash flow items	140	36.5	1.0	3.1	−48.2	0
Cash dividends paid	−11.7	−88.0	−0.3	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	520	172	−33.6	−36.6	−53.6	−128
Cash from financing	648	121	−32.9	−33.5	−102	−128
Foreign exchange effects	235	−526	709	6.9	−437	188
Net change in cash	715	325	272	−730	−213	−1,088
Free cash flow	−152	728	−402	−643	315	−1,157

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.