BBVA Banco Frances Q1 Earnings Call Highlights

Key Points

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• BBVA Banco Frances posted Q1 2026 inflation-adjusted nett income of ARS 85.2 billion, up 31.2% sequentially, with instrumentality connected equity improving to 8.3% arsenic backing costs fell and margins widened.

• Management cut its 2026 indebtedness maturation forecast to 15%–20% from 25%–30%, citing anemic peso indebtedness request and a dilatory betterment successful backstage credit, though it expects conditions to amended successful the 2nd fractional of the year.

• Asset prime remains pressured, with the NPL ratio rising to 5.60%, but executives said they expect stabilization soon and spot sum levels and profitability opening to recover.

BBVA Banco Frances (NYSE:BBAR) reported higher first-quarter 2026 nett arsenic absorption pointed to resilient revenue, little backing costs and choky disbursal control, portion cautioning that Argentina’s backstage recognition betterment remains gradual.

On the company’s net call, Investor Relations Manager Belén Fourcade said BBVA Argentina posted inflation-adjusted nett income of ARS 85.2 cardinal for the quarter, up 31.2% from the anterior quarter. The effect lifted quarterly instrumentality connected equity to 8.3%.

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Fourcade said the 4th unfolded successful a macroeconomic situation marked by “a gradual modulation and the normalization of cardinal fiscal variables,” including little interest-rate volatility and continued adjustments successful monetary and regulatory policy. She said the slope remains cautious astir “the pace, timing, and improvement of a broader backstage recognition recovery” successful coming quarters.

Margins Improve arsenic Funding Costs Fall

Net involvement income roseate 5.9% sequentially to ARS 879.9 billion, according to Fourcade. She said backing costs declined faster than plus yields due to the fact that the bank’s liabilities person a shorter mean life, expanding full nett involvement borderline to 18.6%.

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In the question-and-answer session, Diego Cesarini, IRO and Head of Asset and Liability Management, said nominal nett involvement margins accrued by astir 100 ground points successful the quarter, though real-term margins were broadly stable. He said BBVA expects existent nett involvement margins to stay akin to past year, with nett involvement income contributing positively to the betterment successful ROE.

Cesarini said absorption continues to usher for 2026 ROE successful the low- to mid-teens, “probably person to debased than to mid.”

Loan Growth Outlook Revised Lower

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Total financing to the backstage assemblage ended the 4th astatine ARS 15.7 trillion. Fourcade said local-currency loans declined 6.5% sequentially owed to seasonally debased commercialized activity, portion foreign-currency backstage loans roseate 6.8%, oregon 23.3% successful dollar terms. The slope continued to spot momentum successful pledge and owe lending, she said.