Banco Macro Announces Results for the First Quarter of 2025

Rhea-AI Summary

Banco Macro (NYSE: BMA) reported its Q1 2025 financial results with notable declines in key metrics. The bank's net income reached Ps.45.7 billion, showing a significant 59% decrease from Q4 2024. Operating income before expenses totaled Ps.801 billion, dropping 9% QoQ and 68% YoY. The bank's total financing increased by 22% QoQ to Ps.7.7 trillion, while total deposits grew 5% QoQ to Ps.9.6 trillion. BMA maintained strong financial health with a Capital Adequacy Ratio of 34.3% and excess capital of Ps.3.2 trillion. The bank's asset quality remained solid with a non-performing ratio of 1.44% and coverage ratio of 163.34%. Banco Macro serves 6.23 million retail customers through 505 branches across Argentina.

Positive

• Total financing increased 22% QoQ to Ps.7.7 trillion and 97% YoY
• Strong capital position with Ps.3.2 trillion excess capital and 34.3% Capital Adequacy Ratio
• Healthy asset quality with low 1.44% non-performing ratio and 163.34% coverage ratio
• Total deposits grew 5% QoQ to Ps.9.6 trillion
• Solid liquidity with liquid assets at 68% of total deposits

Negative

• Net income declined 59% QoQ to Ps.45.7 billion
• Operating income before expenses decreased 68% YoY and 9% QoQ
• Operating income after expenses fell 82% YoY and 11% QoQ
• USD deposits decreased 17% in Q1 2025
• ROAE declined to 3.8% and ROAA to 1.2%

News Market Reaction

-5.66%

1 alert

-5.66% News Effect

On the day this news was published, BMA declined 5.66%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BUENOS AIRES, Argentina, May 28, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2025 ("1Q25").  All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2025.

Summary

• THE BANK'S NET INCOME totaled Ps.45.7 billion in 1Q25. This result was 59%  or Ps.65.3 billion lower than the result posted in 4Q24. In 1Q25, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 3.8% and 1.2%, respectively.
  
  
• In 1Q25, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.801 billion, 9% or Ps.82.6 billion lower than in 4Q24 and 68% or Ps.1.7 trillion lower than the same period of last year.
  
  
• In 1Q25, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.347.8 billion, 11% or Ps.43 billion lower than in 4Q24 and 82% or Ps.1.6 trillion lower than the same period of last year.
  
  
• In 1Q25, BANCO MACRO'S TOTAL FINANCING increased 22% or Ps.1.4 trillion quarter over quarter ("QoQ") totaling Ps.7.7 trillion and increased 97% or Ps.3.8 trillion year over year ("YoY"). In 1Q25 both peso an USD financing increased 21% and 22% respectively.
  
  
• In 1Q25, BANCO MACRO'S TOTAL DEPOSITS increased 5% or Ps.485.4 billion QoQ and increased 23% or Ps.1.8 trillion YoY, totaling Ps.9.6 trillion and representing 82% of the Bank's total liabilities. Private sector deposits increased 4% or Ps.349.6 billion QoQ. In1Q25, Peso deposits increased 15% while USD deposits decreased, 17%.
  
  
• Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.3.2 trillion, 34.3% Capital Adequacy Ratio – Basel III and 33.6% Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching 68% of its total deposits in 1Q25.
  
  
• In 1Q25, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was 1.44% and the COVERAGE RATIO reached 163.34%.
  
  
• As of 1Q25, through its 505 branches and 8,903 employees Banco Macro serves 6.23 million retail customers (2.6 million digital customers) across 23 of the 24 Provinces in Argentina and over 205,816 corporate customers.

1Q25 Earnings Release Conference Call

Thursday, May 29, 2025
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please register here:

Banco Macro 1Q25 Earnings Call

IR Contacts in Buenos Aires:

Jorge Scarinci
Chief Financial Officer

Nicolás A. Torres
Investor Relations

Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar 

Visit our website at:
www.macro.com.ar/relaciones-inversores

View original content:https://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-first-quarter-of-2025-302467711.html

SOURCE Banco Macro S.A.

FAQ

What was Banco Macro's (BMA) net income in Q1 2025?

Banco Macro reported a net income of Ps.45.7 billion in Q1 2025, representing a 59% decrease from Q4 2024.

What is Banco Macro's (BMA) current Capital Adequacy Ratio?

Banco Macro maintained a strong Capital Adequacy Ratio of 34.3% (Basel III) with excess capital of Ps.3.2 trillion in Q1 2025.

How many customers does Banco Macro (BMA) serve in Argentina?

Banco Macro serves 6.23 million retail customers (including 2.6 million digital customers) and over 205,816 corporate customers through 505 branches across 23 Argentine provinces.

What was BMA's loan quality in Q1 2025?

Banco Macro maintained strong asset quality with a non-performing to total financing ratio of 1.44% and a coverage ratio of 163.34% in Q1 2025.

How much did Banco Macro's (BMA) deposits grow in Q1 2025?

Banco Macro's total deposits increased 5% quarter-over-quarter to Ps.9.6 trillion, with peso deposits growing 15% while USD deposits decreased 17%.