Net interest margin has experienced severe contraction, falling from 15.4% in 2024Q1 to 3.5% in 2026Q1, reflecting significant pressure on core spread income.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Net Interest Income | 3.01T | 2.79T | 2.98T | 3.61T | 2.35T | 763.58B | 232.08B | 138.83B | 67.5B | 36.54B | 11.05B | 9.09B | 6.79B | 4.43B | 3.49B | 2.25B | 2.82B | 2.55B | 1.08B | 1.22B | 1.37B | 1.04B | 701.85M | 172.7M | 1.61B | 659.6M | 559.99M | 199.16M | 384.72M | 175.4M | 160.2M |
| NII Growth % | 89.38% | -6.35% | -17.36% | 53.76% | 207.39% | 229.01% | 67.17% | 105.67% | 84.71% | 230.76% | 21.54% | 33.84% | 53.4% | 26.75% | 55.23% | -20.28% | 10.85% | 136.33% | -11.98% | -10.4% | 30.77% | 48.86% | 306.4% | -89.27% | 144.06% | 17.79% | 181.18% | -48.23% | 119.34% | 9.49% | 0.13% |
| Net Interest Margin % | 11.7% | 11% | 20.26% | 27.12% | 119.83% | 38.02% | 22.19% | 22.45% | 12.14% | 11.46% | 3.87% | 8.21% | 9.14% | 7.56% | 7.8% | 5.77% | 8.66% | 9.65% | 4.17% | 5.56% | 7.26% | 6.54% | 4.34% | 1.04% | 15.82% | 4.99% | 5.12% | 2.23% | 3.45% | 4.23% | 4.71% |
| Interest Income | 5.78T | 5.37T | 4.75T | 7T | 4.32T | 1.32T | 354.02B | 238.64B | 119.31B | 55.24B | 21.3B | 16.21B | 12.45B | 7.68B | 5.52B | 3.6B | 3.64B | 3.56B | 2.28B | 1.91B | 1.93B | 1.65B | 1.16B | 1.89B | 3.02B | 1.2B | 1.01B | 385.72M | 750.45M | 310.7M | 283.3M |
| Interest Expense | 2.78T | 2.58T | 1.77T | 3.39T | 1.97T | 554.49B | 121.94B | 99.81B | 51.81B | 18.4B | 10.26B | 7.12B | 5.66B | 3.25B | 2.06B | 1.35B | 817.82M | 1.01B | 1.2B | 680.43M | 567.59M | 608.68M | 461.9M | 1.72B | 1.41B | 543.74M | 453.77M | 186.56M | 365.73M | 135.3M | 123.1M |
| Loan Loss Provision | 102.33B | -33.03B | 7.65B | -4.43B | -8.93B | 4.31B | 1.58B | 728.85M | 78.06M | 0 | 1.05B | 637.02M | 574.66M | 453.26M | 256.26M | 132.66M | 179.35M | 245.97M | 36.79M | 61.96M | 70.03M | 114.58M | 52.41M | 77.85M | 1.13B | 135.87M | 150.95M | 63.69M | 140.67M | 41.9M | 36.4M |
| Non-Interest Income | 410.55B | 261.23B | 449.84B | 549.56B | 294.42B | 145.57B | 56.88B | 32.54B | 21.6B | 18.5B | 6.46B | 4.6B | 4.67B | 3.41B | 2.29B | 1.91B | 1.47B | 1.46B | 1.72B | 1.85B | 1.23B | 1.2B | 1.32B | 1.66B | 1.85B | 701.7M | 672.19M | 225.05M | 412.12M | 226.9M | 161.6M |
| Non-Interest Income % | 6.63% | 4.64% | 8.65% | 7.28% | 6.38% | 9.95% | 13.84% | 12% | 15.33% | 25.08% | 23.27% | 22.11% | 27.28% | 30.73% | 29.29% | 34.73% | 28.73% | 29.03% | 43.06% | 49.28% | 38.85% | 42.15% | 53.23% | 46.77% | 38.03% | 36.85% | 39.87% | 36.85% | 35.45% | 42.21% | 36.32% |
| Total Revenue | 6.19T | 5.63T | 5.2T | 7.55T | 4.61T | 1.46T | 410.9B | 271.18B | 140.91B | 73.74B | 27.76B | 20.81B | 17.12B | 11.09B | 7.81B | 5.51B | 5.11B | 5.02B | 4B | 3.76B | 3.16B | 2.86B | 2.49B | 3.55B | 4.87B | 1.9B | 1.69B | 610.78M | 1.16B | 537.6M | 444.9M |
| Revenue Growth % | 155.79% | 8.34% | -31.12% | 63.68% | 215.09% | 256.2% | 51.52% | 92.45% | 91.1% | 165.59% | 33.4% | 21.55% | 54.41% | 41.93% | 41.81% | 7.85% | 1.82% | 25.34% | 6.55% | 18.78% | 10.66% | 14.86% | -29.98% | -27.06% | 155.86% | 12.93% | 176.03% | -47.46% | 116.25% | 20.84% | 14.4% |
| Non-Interest Expense | 2.82T | 2.57T | 2.98T | 3.48T | 2.27T | 820.06B | 234.16B | 133.46B | 83.23B | 51.37B | 10.36B | 7.22B | 6.01B | 4.24B | 3.37B | 2.47B | 2.6B | 2.67B | 2.41B | 2.73B | 2.27B | 2B | 1.95B | 1.92B | 2.26B | 972.42M | 938.18M | 295.94M | 557.39M | 214.6M | 181.7M |
| Efficiency Ratio | 45.49% | 45.58% | 57.38% | 46.11% | 49.32% | 56.03% | 56.99% | 49.21% | 59.07% | 69.66% | 37.31% | 34.69% | 35.11% | 38.2% | 43.14% | 44.89% | 50.84% | 53.16% | 60.24% | 72.64% | 71.89% | 69.94% | 78.4% | 53.99% | 46.44% | 51.07% | 55.65% | 48.45% | 47.94% | 39.92% | 40.84% |
| Operating Income | 498.32B | 519.82B | 441.08B | 682.31B | 375.93B | 84.79B | 53.23B | 37.19B | 5.79B | 3.97B | 6.09B | 5.83B | 4.88B | 3.15B | 2.13B | 1.56B | 1.51B | 1.09B | 352.78M | 285.44M | 251.38M | 135.86M | 23.23M | -161.8M | 74.07M | 251.95M | 143.05M | 64.59M | 98.78M | 145.8M | 103.7M |
| Operating Margin % | 8.04% | 9.23% | 8.48% | 9.04% | 8.15% | 5.79% | 12.95% | 13.71% | 4.11% | 5.39% | 21.95% | 28.04% | 28.47% | 28.37% | 27.24% | 28.28% | 29.64% | 21.73% | 8.81% | 7.6% | 7.95% | 4.75% | 0.93% | -4.55% | 1.52% | 13.23% | 8.48% | 10.57% | 8.5% | 27.12% | 23.31% |
| Operating Income Growth % | - | 17.85% | -35.35% | 81.5% | 343.39% | 59.3% | 43.13% | 541.8% | 45.88% | -34.82% | 4.43% | 19.69% | 54.98% | 47.8% | 36.61% | 2.9% | 38.9% | 208.99% | 23.59% | 13.55% | 85.04% | 484.8% | 114.36% | -318.44% | -70.6% | 76.13% | 121.49% | -34.62% | -32.25% | 40.6% | 50.73% |
| Pretax Income | 498.32B | 519.82B | 441.08B | 682.31B | 375.93B | 84.79B | 53.23B | 37.19B | 5.79B | 3.97B | 6.09B | 5.83B | 4.88B | 3.15B | 2.13B | 1.56B | 1.51B | 1.09B | 352.78M | 285.44M | 251.38M | 135.86M | 23.23M | -161.8M | 74.07M | 251.95M | 143.05M | 64.59M | 98.78M | 145.8M | 103.7M |
| Pretax Margin % | 8.04% | 9.23% | 8.48% | 9.04% | 8.15% | 5.79% | 12.95% | 13.71% | 4.11% | 5.39% | 21.95% | 28.04% | 28.47% | 28.37% | 27.24% | 28.28% | 29.64% | 21.73% | 8.81% | 7.6% | 7.95% | 4.75% | 0.93% | -4.55% | 1.52% | 13.23% | 8.48% | 10.57% | 8.5% | 27.12% | 23.31% |
| Income Tax | 129.19B | 187.25B | 76.26B | 339.86B | -17.11B | 28.03B | 23.62B | 4.26B | 9.08B | 1.11B | 2.45B | 2.05B | 1.67B | 1.12B | 864.68M | 552.36M | 315.84M | 371.58M | 31.27M | 50.39M | 71.59M | 18.7M | 77.7M | 190.06M | 43.05M | 85.2M | 47.8M | 10M | 13M | 39.1M | 29.8M |
| Effective Tax Rate % | 25.93% | 36.02% | 17.29% | 49.81% | -4.55% | 33.06% | 44.38% | 11.45% | 156.74% | 27.98% | 40.2% | 35.14% | 34.27% | 35.65% | 40.63% | 35.45% | 20.86% | 34.09% | 8.86% | 17.65% | 28.48% | 13.77% | 334.45% | -117.47% | 58.12% | 33.82% | 33.42% | 15.48% | 13.16% | 26.82% | 28.74% |
| Net Income | 302.15B | 315.14B | 360.41B | 341.58B | 399.02B | 57.01B | 29.55B | 32.94B | -3.12B | 2.93B | 3.64B | 3.78B | 3.2B | 2.02B | 1.26B | 1.01B | 1.2B | 718.46M | 321.51M | 235.05M | 179.8M | 117.15M | -54.46M | -351.87M | 31.02M | 166.75M | 95.25M | 54.59M | 85.78M | 106.7M | 73.9M |
| Net Margin % | 4.88% | 5.59% | 6.93% | 4.53% | 8.65% | 3.9% | 7.19% | 12.15% | -2.21% | 3.97% | 13.12% | 18.18% | 18.72% | 18.26% | 16.17% | 18.25% | 23.46% | 14.32% | 8.03% | 6.26% | 5.69% | 4.1% | -2.19% | -9.9% | 0.64% | 8.76% | 5.65% | 8.94% | 7.38% | 19.85% | 16.61% |
| Net Income Growth % | -28.55% | -12.56% | 5.51% | -14.39% | 599.88% | 92.93% | -10.28% | 1155.65% | -206.53% | -19.62% | -3.72% | 18.1% | 58.31% | 60.19% | 25.67% | -16.07% | 66.77% | 123.46% | 36.78% | 30.73% | 53.47% | 315.1% | 84.52% | -1234.15% | -81.39% | 75.07% | 74.49% | -36.36% | -19.6% | 44.38% | 67.19% |
| Net Income (Continuing) | 369.12B | 332.57B | 364.82B | 342.44B | 393.05B | 56.75B | 29.6B | 32.93B | -3.29B | 2.86B | 3.64B | 3.78B | 3.2B | 2.02B | 1.26B | 1.01B | 1.2B | 718.46M | 321.51M | 235.05M | 179.8M | 117.15M | -54.46M | -351.87M | 31.02M | 166.75M | 95.25M | 54.59M | 85.78M | 106.7M | 73.9M |
| EPS (Diluted) | 1479.42 | 1543.02 | 1729.56 | 1754.40 | 896.76 | 89.64 | 144.69 | 151.83 | -15.27 | 20.25 | 20.37 | 21.15 | 5.97 | 11.31 | 7.05 | 5.49 | 6.69 | 4.41 | 1.80 | 1.32 | 0.99 | 0.66 | -0.57 | -2.49 | 0.16 | 2.10 | 0.93 | 0.78 | 1.38 | 1.89 | 1.35 |
| EPS Growth % | -40.15% | -10.79% | -1.42% | 95.64% | 900.4% | -38.05% | -4.7% | 1094.3% | -175.41% | -0.59% | -3.69% | 254.27% | -47.21% | 60.43% | 28.42% | -17.94% | 51.7% | 145% | 36.36% | 33.33% | 50% | 215.79% | 77.11% | -1656.25% | -92.38% | 125.81% | 19.23% | -43.48% | -26.98% | 40% | 50% |
| EPS (Basic) | - | 1543.02 | 1729.56 | 1754.40 | 896.76 | 89.64 | 144.69 | 151.83 | -15.27 | 20.25 | 20.37 | 21.15 | 5.97 | 11.31 | 7.05 | 5.49 | 6.69 | 4.41 | 1.80 | 1.32 | 0.99 | 0.66 | -0.57 | -2.49 | 0.16 | 2.10 | 0.93 | 0.78 | 1.38 | 1.89 | 1.35 |
| Diluted Shares Outstanding | 204.24M | 204.24M | 204.24M | 204.24M | 204.24M | 204.24M | 204.24M | 204.22M | 204.22M | 191.59M | 178.96M | 178.96M | 178.96M | 178.96M | 178.96M | 182.86M | 178.79M | 162.92M | 178.79M | 178.79M | 179.63M | 178.79M | 147.55M | 141.34M | 79.51M | 79.51M | 79.51M | 71.35M | 62.58M | 56.2M | 54.17M |
Hyperinflationary Macroeconomic Volatility
According to the provided financial data, BBAR's net interest income experienced significant fluctuations, peaking at 1.3 trillion ARS in 2024Q1 before moderating to 898.4 billion ARS by 2026Q1, reflecting the bank's extreme sensitivity to the shifting interest rate environment and inflationary pressures within the Argentine economy.
The erratic NII trajectory suggests that the bank's earnings power is heavily tethered to the Central Bank's monetary policy rather than organic loan growth. Investors should monitor whether the recent stabilization in NII represents a sustainable floor or merely a temporary pause in a volatile cycle of nominal adjustments.
As reported in financial statements, the net interest margin has contracted from a high of 15.4% in 2024Q1 to 3.5% in 2026Q1, indicating that the bank's ability to capture spread income is being severely constrained by the current regulatory and macroeconomic environment in Argentina.
The sharp decline in NIM suggests that the bank is struggling to maintain profitability as funding costs rise in tandem with inflation. This compression warrants further investigation into the bank's asset-liability management, specifically how it manages the duration of its government-linked instruments against deposit-side pressures.
Based on BBAR's reported figures, the efficiency ratio has fluctuated significantly, reaching 43.5% in 2026Q1 after spiking to 65.7% in 2024Q4, which highlights the difficulty of managing fixed costs like personnel and branch infrastructure in a hyperinflationary environment where wage demands are frequent and aggressive.
The volatility in the efficiency ratio suggests that BBAR faces structural challenges in achieving operating leverage. The bank's reliance on a physical branch network appears to be a double-edged sword, providing a stable deposit base while simultaneously creating a rigid cost structure that is difficult to scale down during economic contractions.
Data from recent filings shows that provision expenses for loan losses have been highly inconsistent, ranging from a negative 490 billion ARS in 2025Q4 to a positive 241 billion ARS in 2026Q1, illustrating the inherent difficulty in forecasting credit losses within a volatile Argentine retail segment.
The erratic nature of these provisions may indicate that the bank is frequently adjusting its risk models to account for rapid changes in consumer purchasing power. Investors should monitor whether these swings reflect actual deterioration in the loan book or merely accounting adjustments required by hyperinflationary reporting standards.
Quick answers to the most common questions about buying BBAR stock.
Banco BBVA Argentina S.A. (BBAR) is profitable, generating $315.14B in net income for the fiscal year ending 2025 with a net profit margin of 5.6%.
Banco BBVA Argentina S.A. (BBAR) reported an operating income of $519.82B, resulting in an operating profit margin of 9.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Banco BBVA Argentina S.A. (BBAR) generated $3.09T in gross profit for the year, representing a gross profit margin of 54.8%. This demonstrates the company's core pricing power and production efficiency.