BBAR - Banco BBVA Argentina Non-GAAP EPS of AR$24.53
2023-05-23 16:50:03 ET
- Banco BBVA Argentina press release ( NYSE: BBAR ): Q1 Non-GAAP EPS of AR$24.53.
- BBVA Argentina's inflation adjusted net income in 1Q23 was $15.0 billion, 27.8% lower than the $20.8 billion reported on the fourth quarter of 2022 (4Q22), and 82.2% greater than the $8.2 billion reported on the first quarter of 2022 (1Q22).
- In 1Q23, BBVA Argentina posted an inflation adjusted average return on assets of 2.6% and an inflation adjusted average return on equity of 13.7%.
- Operating income in 1Q23 was $78.8 billion, 4.9% above the $75.1 billion recorded in 4Q22 and 55.7% over the $50.6 billion recorded in 1Q22.
- Total consolidated deposits in 1Q23 totaled $1.6 trillion, falling 1.7% in real terms during the quarter, and 3.5% in the year.
- As of 1Q23, the non-performing loan ratio reached 1.31%, with a 220.30% coverage ratio.
- The accumulated efficiency ratio in 1Q23 was 62.4%, improving versus 4Q22's 64.0%, and 1Q22's 72.2%
- Total liquid assets represented 78.7% of the Bank's total deposits as of 1Q23.
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Banco BBVA Argentina Non-GAAP EPS of AR$24.53