Banco Macro Announces Results for the First Quarter of 2026

Rhea-AI Summary

Banco Macro (NYSE:BMA) reported 1Q26 net income of Ps.139.8 billion, up 28% quarter over quarter and 131% year over year. ROAE was 10% and ROAA 2.4%. Excluding Ps.12.9 billion after-tax restructuring expenses, net income would have reached Ps.152.9 billion.

Operating income after expenses was Ps.569.8 billion, up 15% QoQ and 24% YoY. Total financing was Ps.10.63 trillion (down 9% QoQ, up 5% YoY) and deposits Ps.13.99 trillion (down 7% QoQ, up 10% YoY). Excess capital was Ps.4.0 trillion, with a 32.4% capital adequacy and Tier 1 ratio, liquidity equal to 78% of deposits, a 5.40% non-performing financing ratio and 109.79 coverage ratio.

Positive

• 1Q26 net income Ps.139.8 billion, 28% QoQ and 131% YoY growth
• Ex-restructuring 1Q26 net income Ps.152.9 billion, higher underlying profit
• Operating income after expenses Ps.569.8 billion, up 15% QoQ and 24% YoY
• Total financing Ps.10.63 trillion, 5% higher year over year
• Total deposits Ps.13.99 trillion, 10% higher year over year
• Excess capital Ps.4.0 trillion; 32.4% capital adequacy and Tier 1 ratios

Negative

• Operating income before G&A and personnel Ps.1.23 trillion, down 3% QoQ
• Total financing down 9% QoQ to Ps.10.63 trillion
• Total deposits down 7% QoQ to Ps.13.99 trillion
• Private sector deposits down 8% QoQ, or Ps.1.1 trillion
• Peso deposits down 4% and USD deposits down 7% in 1Q26

News Market Reaction – BMA

+2.98% 1.7x vol

17 alerts

+2.98% Session close to close

+8.4% Peak in 24 hr 32 min

$5.82B Market Cap

1.7x Rel. Volume

In the May 28 session, BMA gained 2.98%, reflecting a moderate positive market reaction. Argus tracked a peak move of +8.4% during that session. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights 1Q26 net income of Ps.139.8 billion, strong YoY growth, and robust solv...

Analysis

This announcement highlights 1Q26 net income of Ps.139.8 billion, strong YoY growth, and robust solvency with excess capital of Ps.4.0 trillion and a 32.4% Basel III capital ratio. Operating income after expenses improved both QoQ and YoY, while non-performing loans reached 5.40% with coverage of 109.79. Investors may watch future quarters for trends in asset quality, deposit dynamics and the sustainability of profitability under Argentina’s inflation-adjusted reporting framework.

Key Figures

Net income: Ps.139.8 billion Adj. net income: Ps.152.9 billion ROAE: 10% +5 more

8 metrics

Net income Ps.139.8 billion 1Q26; 28% higher QoQ and 131% higher YoY

Adj. net income Ps.152.9 billion 1Q26 net income excluding Ps.12.9B restructuring expenses (after tax)

ROAE 10% Annualized return on average equity in 1Q26

Operating income (pre-expenses) Ps.1.23 trillion 1Q26; 3% lower QoQ and 16% higher YoY

Operating income (post-expenses) Ps.569.8 billion 1Q26; 15% higher QoQ and 24% higher YoY

Total deposits Ps.13.99 trillion 1Q26; -7% QoQ, +10% YoY, 76% of liabilities

Excess capital Ps.4.0 trillion 1Q26 solvency buffer; Basel III capital ratio 32.4%

NPL ratio 5.40% 1Q26 non-performing to total financing ratio; coverage 109.79

Previous Earnings Reports

5 past events · Latest: Feb 26 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 26	4Q25 earnings	Negative	-8.3%	4Q25 profit down 26% YoY despite sequential recovery, pressuring shares.
Nov 26	3Q25 earnings	Negative	+4.3%	9M25 net income and operating income sharply lower YoY despite strong capital.
Aug 27	2Q25 earnings	Positive	+3.6%	Q2 2025 net income and operating income surged with robust capital ratios.
May 28	1Q25 earnings	Negative	-5.7%	Q1 2025 net income and operating income declined sharply versus prior quarter.
Apr 21	2024 annual filing	Neutral	+4.8%	Filed 2024 Form 20-F and audited statements with access for shareholders.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings- and results-related releases have produced mixed reactions, with an average move of about -0.24%; the current +6.79% gain is stronger than typical past responses to similar news.

Recent Company History

Over the past year, Banco Macro’s earnings and related filings have shown volatile trends. Q1–Q3 2025 featured pressured profitability and declining metrics, followed by a recovery in 4Q25 with net income of Ps.100.1 billion. Capital and liquidity ratios remained strong across periods. Today’s 1Q26 results continue that recovery pattern, with higher net income and solid solvency, marking a step-up versus the weaker 2025 quarters highlighted in prior releases.

Key Terms

ias 29, roae, roaa, basel iii, +1 more

5 terms

ias 29 financial

"figures of previous quarters of 2025 have been restated applying IAS 29"

IAS 29 is an accounting rule that tells companies how to adjust their financial statements when they operate in economies with very high inflation, so numbers reflect current purchasing power rather than outdated prices. For investors, it matters because it converts historic figures into meaningful, comparable values—like updating old price tags to today’s dollars—helping assess real profits, assets and liabilities and avoid being misled by inflation-distorted results.

roae financial

"the annualized return on average equity ("ROAE") and the annualized return"

ROAE stands for Return on Average Equity, a profitability ratio that shows how much net income a company generates for its owners relative to the average amount of shareholder equity invested over a period. It’s like measuring the interest rate a business pays its owners on the capital they’ve left in the company, with the ‘average’ smoothing out swings in equity during the year. Investors use ROAE to compare how efficiently different companies turn owner capital into profits and to assess management’s ability to deliver returns over time.

roaa financial

"annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA")"

Return on Average Assets (ROAA) measures how efficiently a company turns its assets into profit by dividing net profit over a period by the average total assets it held during that period. It matters to investors because it shows whether a business is getting a good return from what it owns—like judging a car’s fuel efficiency by miles per gallon—helping compare profitability across companies of different sizes.

basel iii financial

"EXCESS CAPITAL of Ps.4.0 trillion, 32.4% Capital Adequacy Ratio – Basel III"

An international set of banking rules that tells banks how much high-quality capital and readily available cash they must hold and how to manage risk, like a safety checklist for lenders. Investors care because these rules influence how safely banks can absorb losses, how much they can lend, and therefore their profits, dividend capacity and the chance of government support in a crisis — think of it as requirements that trade some short-term profit potential for longer-term financial stability.

View in glossary

tier 1 ratio financial

"32.4% Capital Adequacy Ratio – Basel III and 32.4 % Tier 1 Ratio."

Tier 1 ratio measures a bank’s core capital — primarily common equity and retained earnings — against the total of its loans and investments after those assets are adjusted for their riskiness. It tells investors how big a loss-absorbing cushion the bank has relative to the risks it’s taken; think of it as the safety margin under a bridge that shows whether the institution can withstand shocks without failing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BUENOS AIRES, Argentina, May 27, 2026 /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, 2026 ("1Q26").  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 2025 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2026.

Summary

• THE BANK'S NET INCOME totaled Ps.139.8 billion in 1Q26, 28% or Ps.30.2 billion higher than the result posted in the previous quarter and 131% or Ps.79.2 billion higher than a year ago. In 1Q26, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 10% and 2.4%, respectively.
• Excluding restructuring expenses (Ps.12.9 billion after tax) 1Q26 net income would have totaled Ps.152.9 billion and the annualized ROAE and ROAA would have been 10.9% and 2.6% respectively.
• In 1Q26, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.1.23 trillion, 3% or Ps.43.6 billion lower than in 4Q25 and 16% or Ps.169.2 billion higher than the same period of last year.
• In 1Q26, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.569.8 billion, 15% or Ps.73.8 billion higher than in 4Q25 and 24% or Ps.108.6 billion higher than the same period of last year.
• In 1Q26, BANCO MACRO'S TOTAL FINANCING decreased 9% or Ps.1.1 trillion quarter over quarter ("QoQ") totaling Ps.10.63 trillion and increased 5% or Ps.458.9 billion year over year ("YoY"). In 1Q26 peso financing decreased 9% while USD financing decreased 6%.
• In 1Q26, BANCO MACRO'S TOTAL DEPOSITS decreased 7% or Ps.993.7 billion QoQ and increased 10% or Ps.1.22 trillion YoY, totaling Ps.13.99 trillion and representing 76% of the Bank's total liabilities. Private sector deposits decreased 8% or Ps.1.1 trillion QoQ. In 1Q26, Peso deposits decreased 4% while USD deposits decreased 7%.
• Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.4.0 trillion, 32.4% Capital Adequacy Ratio – Basel III and 32.4 % Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching 78% of its total deposits in 1Q26
• In 1Q26, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was 5.40% and the COVERAGE RATIO reached 109.79
• As of 1Q26, through its 420 branches and 8.269 employees Banco Macro serves 6.30 million retail customers across 23 of the 24 Provinces in Argentina and over 195.916 corporate customers.

1Q26 Earnings Conference Call
Thursday, May 28, 2026
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please register here: 
Banco Macro 1Q26 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-2026-302783676.html

SOURCE Banco Macro S.A.

FAQ

What were Banco Macro (NYSE:BMA) net income and returns in Q1 2026?

Banco Macro reported 1Q26 net income of Ps.139.8 billion, with 10% ROAE and 2.4% ROAA. According to Banco Macro, net income rose 28% quarter over quarter and 131% year over year, reflecting higher profitability in inflation-adjusted Argentine pesos.

How did Banco Macro’s operating income perform in the first quarter of 2026?

Banco Macro’s 1Q26 operating income before G&A and personnel was Ps.1.23 trillion, down 3% QoQ but up 16% YoY. According to Banco Macro, operating income after these expenses reached Ps.569.8 billion, increasing 15% quarter over quarter and 24% year over year.

How did Banco Macro’s total financing change in Q1 2026?

Banco Macro’s total financing reached Ps.10.63 trillion in 1Q26, down 9% quarter over quarter but up 5% year over year. According to Banco Macro, peso financing decreased 9% and USD financing decreased 6% in the quarter, affecting overall loan volumes.

What happened to Banco Macro (BMA) deposits during the first quarter of 2026?

Banco Macro’s total deposits were Ps.13.99 trillion in 1Q26, down 7% QoQ but up 10% YoY. According to Banco Macro, deposits represented 76% of liabilities, with private sector deposits down 8% QoQ and both peso and USD deposits declining sequentially.

What are Banco Macro’s capital and liquidity ratios as of Q1 2026?

Banco Macro reported Ps.4.0 trillion in excess capital in 1Q26, with a 32.4% capital adequacy ratio and 32.4% Tier 1 ratio. According to Banco Macro, liquid assets equaled 78% of total deposits, indicating a high liquidity position relative to its funding base.

What is Banco Macro’s asset quality and coverage ratio in the first quarter of 2026?

Banco Macro’s non-performing to total financing ratio was 5.40% in 1Q26, with a coverage ratio of 109.79. According to Banco Macro, these figures describe the level of problem loans and the extent of provisions set aside against them during the period.

How many customers and branches did Banco Macro serve as of Q1 2026?

Banco Macro served 6.30 million retail and over 195,916 corporate customers through 420 branches and 8,269 employees in 1Q26. According to Banco Macro, operations spanned 23 of Argentina’s 24 provinces, highlighting its broad national banking footprint.