FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of May 2023

Commission File Number: 001-12568

BBVA Argentina Bank S.A.

(Translation of registrant’s name into English)

111 Córdoba Av, C1054AAA

Buenos Aires, Argentina

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

Banco BBVA Argentina S.A.

TABLE OF CONTENTS

Banco BBVA Argentina S.A. announces First Quarter 2023 results

Buenos Aires, May 23, 2023 – Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (“BBVA Argentina” or “BBVA” or “the Bank”) announced today its consolidated results for the first quarter (1Q23), ended on March 31, 2023.

As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2022 and 2023 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2023.

1Q23 Highlights

Message from the CFO

“In spite of a less favorable global context and a local environment characterized by the difficulty of correcting current macroeconomic distortions and of meeting the established objectives in the loan agreement reached in March of last year with the International Monetary Fund, economic activity has shown dynamism in 2022. GDP grew 5.2% in 2022 and would fall 2.5% in 2023, according to BBVA Research. The global context, high local inflation (94.8% accumulated as of December 2022, and foreseeably higher in 2023), financial volatility, the limited leeway to adopt new stimulus measures, and uncertainty about economic policy in a presidential-election year, legitimate the expectations of a contraction of GDP in 2023.

In March 2023, private credit in pesos for the system grew 78% YoY, while BBVA Argentina increased its private loan portfolio in pesos by 117%. Unlike the System, the Bank’s YoY loan growth exceeded that of inflation (which reached 104.3% YoY as of March 2023), and achieved to increase its consolidated market share in the year by 144 bps, reaching 9.33%. Regarding private deposits, the system grew 106% while the Bank grew 98%, in this case the System beating inflation in the year. Consolidated market share of deposits for BBVA Argentina was 6.83%.

Referring to BBVA Argentina performance, a better operating income in March 2023 was a product of an improvement in interest income, boosted by the loan portfolio.

As of March 2023, BBVA Argentina reached an NPL ratio of 1.31%, way below the last available system NPL (March 2023) of 3.15%. Concerning liquidity and solvency indicators, the Bank ends the quarter with 78.7% and 27.9% respectively, levels which undoubtedly allow to address business growth in the case of an economic recovery.

As of the date of this report, the Shareholders’ Meeting held on April 28, 2023, approved the authorization request to the BCRA for the distribution of $50.4 billion, $35.6 billion of which were declared and approved by said Meeting and are added to the $14.8 billion pending distribution.

Relative to digitalization, our service offering has evolved in such way that by the end of March 2023, retail digital client penetration reached 62%, remaining stable versus a year back, while that of retail mobile clients reached 56% from 54% in the same period. In the quarter, new client acquisition through digital channels over traditional ones was 72%, while in 1Q22 it was 69%.

BBVA Argentina has a corporate responsibility with society, inherent to the Bank’s business model, which bolsters inclusion, financial education and supports scientific research and culture. The Bank works with the highest integrity, long-term vision and best practices, and is present through the BBVA Group in the main sustainability indexes.

Lastly, the Bank actively monitors its business, financial conditions and operating results, in the aim of keeping a competitive position to face contextual challenges in a decisive year for the Argentine Republic.”

Carmen Morillo Arroyo, CFO at BBVA Argentina

1Q23 Conference Call

Wednesday, May 24 - 12:00 p.m. Buenos Aires time (11:00 a.m. EST)

To participate, please dial-in:

+ 54-11-3984-5677 (Argentina)

+ 1-844-450-3851 (United States)

+ 1-412-317-6373 (International)

Web Phone: click here

Conference ID: BBVA

Webcast & Replay: click here

Safe Harbor Statement

This press release contains certain forward-looking statements that reflect the current views and/or expectations of Banco BBVA Argentina and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “seek,” “future,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) changes in general economic, financial, business, political, legal, social or other conditions in Argentina or elsewhere in Latin America or changes in either developed or emerging markets, (ii) changes in regional, national and international business and economic conditions, including inflation, (iii) changes in interest rates and the cost of deposits, which may, among other things, affect margins, (iv) unanticipated increases in financing or other costs or the inability to obtain additional debt or equity financing on attractive terms, which may limit our ability to fund existing operations and to finance new activities, (v) changes in government regulation, including tax and banking regulations, (vi) changes in the policies of Argentine authorities, (vii) adverse legal or regulatory disputes or proceedings, (viii) competition in banking and financial services, (ix) changes in the financial condition, creditworthiness or solvency of the customers, debtors or counterparties of Banco BBVA Argentina, (x) increase in the allowances for loan losses, (xi) technological changes or an inability to implement new technologies, (xii) changes in consumer spending and saving habits, (xiii) the ability to implement our business strategy and (xiv) fluctuations in the exchange rate of the Peso. The matters discussed herein may also be affected by risks and uncertainties described from time to time in Banco BBVA Argentina’s filings with the U.S. Securities and Exchange Commission (SEC) and Comisión Nacional de Valores (CNV). Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as the date of this document. Banco BBVA Argentina is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Information

This earnings release has been prepared in accordance with the accounting framework established by the Central Bank of Argentina (“BCRA”), based on International Financial Reporting Standards (“I.F.R.S.”) and the resolutions adopted by the International Accounting Standards Board (“I.A.S.B”) and by the Federación Argentina de Consejos Profesionales de Ciencias Económicas (“F.A.C.P.E.”), with the following exceptions:

a) The exclusion of the application of the IFRS 9 impairment model for non-financial public sector debt instruments.

b) In March 2022, the shares corresponding to the remaining participation in Prisma Medios de Pago S.A. (“Prisma”) were transferred, which were measured at fair value pursuant to April 29, 2019, and March 22, 2021 Memorandums received from the BCRA, and the income (loss) from their sale was recorded in the quarter ended March 31, 2022. Had IFRS rules been applied to determine the fair value mentioned, results for the quarter ended on March 31, 2022 would have been modified. Nonetheless, this does not generate differences regarding the value of equity as of December 31, 2022.

The information in this press release contains unaudited financial information that consolidates, line item by line item, all of the banking activities of BBVA Argentina, including: BBVA Asset Management Argentina S.A., Consolidar AFJP-undergoing liquidation proceeding, PSA Finance Argentina Compañía Financiera S.A. (“PSA”) and Volkswagen Financial Services Compañía Financiera S.A (“VWFS”).

BBVA Seguros Argentina S.A. is disclosed on a consolidated basis recorded as Investments in associates (reported under the proportional consolidation method), and the corresponding results are reported as “Income from associates”), same as Rombo Compañía Financiera S.A. (“Rombo”), Play Digital S.A. (“MODO”), Openpay Argentina S.A. and Interbanking S.A.

Financial statements of subsidiaries have been elaborated as of the same dates and periods as Banco BBVA Argentina S.A.’s. In the case of consolidated companies PSA and VWFS, financial statements were prepared considering the B.C.R.A. accounting framework for institutions belonging to “Group C”, considering the model established by the IFRS 9 5.5. “Impairment” section for periods starting as of January 1, 2022, excluding debt instruments from the non-financial public sector.

The information published by the BBVA Group for Argentina is prepared according to IFRS, without considering the temporary exceptions established by BCRA.

Quarterly Results

BBVA Argentina 1Q23 net income was $15.0 billion, declining 27.8% or $5.8 billion quarter-over-quarter (QoQ) and increasing 82.2% or $6.8 billion year-over-year (YoY). This implied a quarterly ROAE of 13.7% and a quarterly ROAA of 2.6%.

Quarterly operating results are mainly explained by greater interest income driven by (i) better interest income results as a product of a higher monetary policy rate compared to the previous quarter, which allowed a higher average interest rate, and (ii) a decline in other operating expenses.

This effect was partially offset by an increase in (i) net fee income and, (ii) an increase in administrative expenses.

It is worth mentioning that on 1Q23, the lines net income from measurement of financial instruments at FV through P&L and other operating income, respectively, include the effect of the sale of the 49% remaining position of the Bank in Prisma, which generated a total benefit before taxes of $7.1 billion at current currency. Additionally, a marginal effect of this sale is also seen in the line foreign exchange and gold gains.

Net Income for the period was highly impacted by income from net monetary position, as inflation increased from 17.3%¹ in 4Q22 to 21.7%¹ in 1Q23.

Lastly, the OCI line totaled a loss of $644 million, mainly due to results of financial instruments at fair value through OCI.

¹ Source: Instituto Nacional de Estadística y Censos (INDEC).

Net Interest Income

Net interest income for 1Q23 was $131.2 billion, increasing 1.6% or $2.1 billion QoQ, and 63.7% or $51.0 billion YoY. In 1Q23, interest income, in monetary and percentage terms, increased more than interest expense, mainly due to (i) increase in income from interests from loans, in particular overdrafts, discounted instruments and credit cards, and (ii) increases in income from REPOs. The items mentioned take place in a context of increasing interest rates of products, derived from an increase in the monetary policy rate by the BCRA during the previous and current quarter.

In 1Q23, interest income totaled $249.2 billion, increasing 1.5% compared to 4Q22 and 76.7% compared to 1Q22. Quarterly increase is mainly driven by (i) an increase in interests from loans, mainly overdrafts, discounted instruments and credit cards, especially due to the increment in interest, and (ii) an increase in REPO premiums.

Income from government securities increased 1.1% compared to 4Q22, and 113.4% compared to 1Q22. This is partially due to the higher average position in LELIQ, added to a slightly higher average monetary policy rate compared to the prior quarter. 93% of these results are explained by government securities at fair value through OCI (of which 72% are BCRA securities) and 4% are securities at amortized cost (2027 National Treasury Bonds at fixed rate and National Treasury Bonds Private 0.70 Badlar Rate maturing on November 2027, used for reserve requirement integration).

Interest income from loans and other financing totaled $95.2 billion, increasing 9.9% QoQ and 71.5% YoY. Quarterly growth is mainly due to an increase in overdrafts by 39.6%, discounted instruments by 12.2% and credit cards by 8.3%, all of them denoting the increase in rates.

Income from CER/UVA adjustments fell 25.3% QoQ and 48.8% YoY. Quarterly decline is explained by the delay with which the inflation adjustment effects are recorded, and impact on the subsequent financial statements.72% of income from interests from CER/UVA clause adjustments is explained by interests generated by bonds linked to such indexes.

Interest expenses totaled $118.0 billion, denoting a 1.4% increase QoQ and a 93.9% increase YoY. Quarterly increase is described by higher time deposit expenses, offset by a fall in CER/UVA adjustment expenses (connected to CER-linked time deposits).

Interests from time deposits (including investment accounts) explain 82.8% of interest expenses, versus 79.9% the previous quarter. These increased 5.1% QoQ and 120.0% YoY.

NIM

As of 1Q23, net interest margin (NIM) was 31.3%, above the 30.3% reported in 4Q22. In 1Q23, NIM in pesos was 32.4% and 2.0% in U.S. dollars.

Net Fee Income

Net fee income as of 1Q23 totaled $11.3 billion, decreasing 8.5% or $1.0 billion QoQ and 16.4% or $2.2 billion YoY.

In 1Q23, fee income totaled $22.0 billion, falling 8.7% QoQ and 17.0% YoY. The quarterly decrease is mainly explained by (i) the 12.7% fall in fees from credit cards, considering that this line includes Puntos BBVA program negative effect, and that there has been an increased exchange of BBVA credit points due to seasonal factors, and (ii) fees linked to liabilities, where a decrease is observed compared to 4Q22 due to the price increase applied during said quarter.

Regarding fee expenses, these totaled $10.7 billion, falling 9.0% QoQ and 17.5% YoY. Lower expenses in the quarter are partially explained by increased expenditures at year end, linked to commercial promotions and acquisition costs.

Net Income from Measurement of Financial Instruments at Fair Value and Foreign Exchange and Gold Gains/Losses

In 1Q23, net income from financial instruments at fair value (FV) through P&L was $7.0 billion, increasing 14.7% or $894 million QoQ and decreasing 16.4% or $1.4 billion YoY.

Quarterly results are mainly explained by an increase in the income from foreign currency forward transactions line item.

In the year, a contrast is generated by the sale procedure of the Bank’s remaining position in Prisma. As of March 18, 2022, the transfer of the whole remaining stock participation of the Bank in Prisma Medios de Pago S.A. was completed for a price of USD 40 million. This generated profit of $5.4 billion in the Income from write-down or sale of financial assets line item.

In 1Q23, the total differences in quoted prices of gold and foreign currency showed profit for $1.1 billion, increasing 136.0% or $608 million compared to 4Q22.

The quarterly increase in foreign exchange and gold gains is mainly explained by a lower loss contained in the From foreign exchange position line and a higher gain in income from purchase-sale of foreign currency (boosted by BBVA Argentina’s participation in the Expoagro 2023 in March).

Other Operating Income

In 1Q23 other operating income totaled $5.5 billion, falling 17.6% or $1.2 billion QoQ, and 20.3% or $1.4 billion YoY. Quarterly decrease is partially explained by a 58.6% decline in the Loans recovered line item, followed by a 14.7% fall in the Adjustments and interest on miscellaneous receivables line.

Operating Expenses

Personnel Benefits and Administrative Expenses

During 1Q23, personnel benefits and administrative expenses totaled $46.0 billion, increasing 5.8% or $2.5 billion compared to 4Q22, and 21.3% or $8.1 billion compared to 1Q22.

Personnel benefits decreased 1.2% QoQ, and increased 19.1% YoY. The quarterly decrease is partially explained by the decline in severance pay (provisioned in 2022 but that would be settled in 2023). This is offset by the effect of collective agreement on wages with the unions for 2023 (+24.1% as of March 2023), and an additional for 2022 (+0.7%).

As of 1Q23, administrative expenses increased 13.2% QoQ, and 23.4% YoY. The quarterly increase is partially explained by (i) outsourced administrative expenses, (ii) greater rent expenses related to software and licenses contracted with the Parent company, (iii) increase in software services and (iv) greater advertising expenses.

The quarterly efficiency ratio as of 1Q23 was 62.4%, deteriorating compared to the 53% reported in 4Q22, and improving versus the 72.2% reported in 1Q22. The quarterly deterioration is explained by a higher increase in the numerator (expenses) than the denominator (income considering monetary position results), especially due to a significant increase in the negative quarterly results from the net monetary position.

The accumulated efficiency ratio as of 1Q23 was 62.4%, improving compared to the 64.0% reported in 4Q22, and versus the 72.2% reported in 1Q22.

Other Operating Expenses

In 1Q23, other operating expenses totaled $20.3 billion, decreasing 9.3% or $2.1 billion QoQ, and increasing 28.1% or $4.5 billion YoY.

The key factor explaining the quarterly growth is in the turnover tax line item, especially due to an increased revenue from LELIQs. These were offset by a fall in other allowances, by 57.1%, mainly due to a contrast with the previous quarter, where credit card purchase limits were increased, also affected by the update in IFRS 9 impairment loss models in 4Q22.

Income from Associates

This line reflects the results from non-consolidated associate companies. During 1Q23, a loss of $60 million has been reported, mainly due to the Bank’s participation in BBVA Seguros Argentina S.A., Rombo Compañía Financiera S.A., Interbanking S.A. and Play Digital S.A. and Openpay Argentina S.A.

Income Tax

Accumulated income tax during the first three months of 2023 recorded a loss of $6.9 billion. As of 4Q22, income tax expense was $9.9 billion.

The accumulated effective tax rate in 2023 was 31%², versus 30% in the first three months of 2022. Income tax 1Q22 was $3.5 billion.

² Income tax, according to IAS 34, is recorded on interim financial periods over the best estimate of the weighted average tax rate expected for the fiscal year.

Balance sheet and activity

Loans and Other Financing

Private sector loans as of 1Q23 totaled $875.3 billion, decreasing 2.0% or $17.6 billion QoQ, and increasing 3.7% or $31.3 billion YoY.

Loans to the private sector in pesos fell 1.6% in 1Q23, and increased 4.1% YoY. During the quarter, the decrease was especially driven by a 24.5% decline in other loans, especially corporate and commercial (“PIV)” loans (due to maturing and non-renewal of loans), followed by a 4.3% fall in credit cards. The latter are explained by contrast with the 4Q22 seasonal factor. The fall was offset by a 40.5% increase in overdrafts.

Loans to the private sector denominated in foreign currency decreased 8.6% QoQ and 2.9% YoY. Quarterly decrease is mainly explained by a 50.2% reduction in other loans, and partially offset by a 7.0% increase in financing and prefinancing of exports. Loans to the private sector in foreign currency measured in U.S. dollars fell 5.7 QoQ and increased 5.4% YoY. The depreciation of the argentine peso versus the U.S. dollar was 15.2% QoQ and 46.9% YoY³.

In 1Q23, total loans and other financing totaled $880.7 billion, falling 2.0% compared to 4Q22 and 3.1% compared to 1Q22.

In real terms, retail loans (mortgage, pledge, consumer and credit cards) have decreased 2.9% QoQ and 6.5% YoY in real terms. During the quarter, decline is mainly explained by a 4.0% decrease in credit cards.

Commercial loans (overdrafts, discounted instruments, receivables from financial leases, loans for the prefinancing and financing of exports, and other loans) remained practically stable, falling 0.8% QoQ and 19.8% YoY, both in real terms. This is justified by quarterly decreases in other loans by 27.3%, and offset by a 40.5% increase in overdrafts, respectively.

As observed in previous quarters, loan portfolios were impacted by the effect of inflation during the first quarter of 2023, which reached 21.7%. In nominal terms, BBVA Argentina managed to increase the retail, commercial and total loan portfolio by 18.2%, 20.7% and 19.3% respectively during the quarter, not reaching quarterly inflation levels.

³ Taking into consideration wholesale U.S. dollar foreign exchange rates on BCRA’s Communication “A” 3500.

As of 1Q23, the total loans and other financing over deposits ratio was 56.0%, lower than the 56.2% recorded in 4Q22 and above the 52.4% in 1Q22.

Asset Quality

As of 1Q23, asset quality ratio or NPL (total non-performing portfolio / total portfolio) keeps a very good performance at 1.31%. The increase from 4Q22’s 1.13% is explained by a slight increase in the retail non-performing portfolio. The ratio is stable compared to the same period in 2022, 1.29% in 1Q22.

Coverage ratio (allowances / total non-performing portfolio) decreased from 242.24% to 220.30% in 1Q23 due to a greater increase in the non-performing portfolio compared to the increase in allowances. Such increase is explained by the retail loan portfolio.

Cost of risk (allowances / total non-performing average portfolio) decreased from 4.09% in 4Q22 to 3.73% in 1Q23. Both portfolios, retail and commercial, increased more than allowances.

Allowances for the Bank in 1Q23 reflect expected losses driven by the adoption of the IFRS 9 standards as of January 1, 2020, except for debt instruments issued by the nonfinancial government sector which were excluded from the scope of such standard.

Public Sector Exposure

1Q23 total public sector exposure (excluding BCRA) totaled $214.6 billion, falling 11.0% or $17.2 billion QoQ, and remaining stable YoY, increasing 0.7% or $1.4 billion. The quarterly decrease is explained by a reduction in the position of National Treasury bills in U.S. dollars, as well as National Treasury bonds in pesos.

Short-term liquidity is mostly allocated in BCRA instruments, which fell 10.2% QoQ and 4.1% YoY in real terms. Nonetheless, total exposure to the BCRA increased 2.6% in 1Q23, mainly due to a higher REPO position (at quarter-end).

Exposure to the public sector (excluding BCRA) represents 9.1% of total assets, below the 10.1% in 4Q22 and above the 8.9% in 1Q22.

Deposits

As of 1Q23, total deposits reached $1.6 trillion, decreasing 1.7% or $27.5 billion QoQ, and 3.5% or $57.0 billion YoY.

Private non-financial sector deposits in 1Q23 totaled $1.6 trillion, slightly falling 2.2% QoQ, and 2.1% YoY.

Private non-financial sector deposits in pesos totaled $1.2 trillion, decreasing 1.1% compared to 4Q22, and 1.5% compared to 1Q22. The quarterly change is mainly affected by a 14.8% decrease in sight deposits, offset by an increase in time deposits by 6.0%.

Private non-financial sector deposits in foreign currency expressed in pesos fell 4.2% QoQ and 4.5% YoY. Measured in U.S. dollars, these deposits declined 1.2% QoQ mainly due to a seasonal effect in 4Q22, and grew 3.6% YoY.

As observed in previous quarters, deposits were impacted by the effect of inflation. In spite of this, in nominal terms, BBVA Argentina managed to increase the sight deposits, time deposits and total deposits by 15.7%, 25.0% and 19.6% respectively.

As of 1Q23, the Bank’s transactional deposits (checking accounts and savings accounts) represented 55.4% of total non-financial private deposits, totaling $871.0 billion, versus 57.3% in 4Q22.

Other Sources of Funds

In 1Q23, other sources of funds totaled $471.7 billion, growing 1.8% or $8.4 billion QoQ, and 13.3% or $55.2 billion YoY.

Quarterly increase is mostly explained by the 3.3% increase in equity, offset by a 24.9% fall in financing received from local financial institutions taken by consolidated companies.

Liquid Assets

In 1Q23, liquid assets were $1.2 trillion, remaining stable versus 4Q22, and falling 4.6% or $60.3 billion compared to 1Q22.

In the quarter, the liquidity ratio (liquid assets / total deposits) reached 78.7%. Liquidity ratio in local and foreign currency reached 75.4% and 91.0% respectively.

Solvency

BBVA Argentina continues to show strong solvency indicators on 1Q23. Capital ratio reached 27.9%, above 4Q22’s 26.1%. Tier 1 ratio was 27.5% and capital excess over regulatory requirement was $294.7 billion or 241.5%.

BBVA Argentina Asset Management S.A.

Other Events

Main Relevant Events

SMEs Productive investment financing credit lines – March 2023

As of March 31, 2023, total loans granted by the Ban complied with what was requested by the BCRA. The following table shows the evolution of disbursements:

(*)As of the date of these financial statements, the term reported by Communication “B” 12413 has not expired.

(1) Numbers are expressed in nominal terms.

Main Regulatory Changes

Minimum reserve requirement. (Communication “A” 7717, 03/09/2023). As of March 9, 2023:

Dividend distribution. (Communication “A” 7719, 03/09/2023). Distribution is allowed up to 40% of distributable results according to applicable regulation, in 6 equal, monthly and consecutive installments.

SMEs productive investment financing credit lines. (Communication “A” 7720, 03/09/2023). As of April 1, 2023 until September 30, 2023, the new “2023 Quota” is established.