Banco Macro S.A. Reports Third Quarter Results
Banco Macro S.A. (NYSE: BMA) has recently unveiled its financial results for the third quarter. The report reflects various economic factors impacting the banking sector, showcasing the bank's performance amid these challenges.
Summary of Financial Performance
In the first three quarters of 2025, Banco Macro's net income reached Ps.176.7 billion. However, this figure marks a decrease of 35% or Ps.95.2 billion compared to last year's results for the same period. By the end of the third quarter, the bank's accumulated annualized return on average equity ('ROAE') was 4.5%, while the accumulated annualized return on average assets ('ROAA') stood at 1.3%.
Operating Income and Financing
Total operating income, after accounting for general and administrative expenses along with personnel costs, totaled Ps.1.03 trillion. This represents a significant decline of 64% or Ps.1.84 trillion from the previous year. This reduction reflects the overall economic conditions and intensified competition in the banking sector.
Deposits and Loans
Banco Macro's total financing increased by 3% quarter-over-quarter (QoQ), amounting to Ps.10.12 trillion, and a notable year-over-year (YoY) increase of 69%, equivalent to Ps.4.13 trillion. In terms of USD financing, during the third quarter, there was an increase of 10%, though peso financing saw a decrease of 2%.
Deposit Growth and Solvency
The bank reported a 5% increase in total deposits QoQ, totaling Ps.11.81 trillion, which represents a healthy component of the bank's liabilities. Notably, private sector deposits rose by 6% QoQ. However, peso deposits fell by 1%, while deposits in USD increased by 3%, indicating a shift in customer preferences.
Financial Health and Customer Base
Banco Macro maintained a strong solvency ratio, with excess capital recorded at Ps.3.30 trillion. The Capital Adequacy Ratio stood at 29.9% as per Basel III standards, while the Tier 1 ratio was 29.2%. Additionally, liquid assets accounted for 67% of total deposits as of the third quarter, illustrating the bank's robust financial health.
Non-Performing Loans and Coverage
The ratio of non-performing loans to total financing was 3.19%, while the coverage ratio reached an impressive 120.87%. These metrics showcase the bank's proactive approach to managing credit risk and ensuring financial stability.
Customer Engagement and Network Reach
As of the third quarter, Banco Macro operated through 469 branches, serving over 6.29 million retail customers, which includes 2.5 million digital customers. They also cater to 219,235 corporate clients, demonstrating the bank's extensive reach in the market.
Looking Ahead: Conference Call
Banco Macro will hold a conference call to discuss the third-quarter earnings release. This call is scheduled for a future date, and interested participants are encouraged to register in advance.
Investor Relations Contacts
For further details regarding Banco Macro's performance, shareholders or interested parties can contact:
Jorge Scarinci
Chief Financial Officer
Nicolás A. Torres
Investor Relations
Contact Information
Phone: (54 11) 5222 6682
Email: investorelations@macro.com.ar
Visit Our Website
For more information, visit our website: www.macro.com.ar/relaciones-inversores
Frequently Asked Questions
What were Banco Macro's net income figures for 3Q25?
The net income for 3Q25 was Ps.176.7 billion, a decline of 35% compared to the previous year.
How did Banco Macro's total operating income change?
The total operating income declined by 64%, amounting to Ps.1.03 trillion for the first nine months of 2025.
What was the increase in total deposits in 3Q25?
Total deposits increased by 5% QoQ, reaching Ps.11.81 trillion, indicating healthy bank operations.
How did Banco Macro ensure capital adequacy?
The bank maintained a Capital Adequacy Ratio of 29.9%, ensuring it adheres to regulatory standards.
What is the bank's customer base like?
Banco Macro serves over 6.29 million retail customers and 219,235 corporate clients, demonstrating its expansive reach in the banking industry.
