Banco Macro Announces Results for the Second Quarter of 2026
Rhea-AI Summary
Banco Macro (NYSE: BMA) reported 2Q26 net income of Ps.206.8 billion, up 39% quarter over quarter and 4% year over year. Reported annualized ROAE was 13.4% and ROAA 3.3%. Excluding Ps.21.9 billion in restructuring expenses, net income would have reached Ps.221 billion, with ROAE of 14.3% and ROAA of 3.5%.
Operating income before G&A and personnel expenses was Ps.1.29 trillion, 2% lower QoQ and 1% higher YoY; after these expenses it totaled Ps.603.8 billion, 1% lower QoQ and 1% higher YoY.
Total financing rose 3% QoQ to Ps.11.69 trillion but was 5% lower YoY, while total deposits reached Ps.14.74 trillion, down 1% QoQ and up 4% YoY. Banco Macro reported excess capital of Ps.4.1 trillion, Capital Adequacy Ratio of 28%, Tier 1 Ratio of 28%, and liquid assets equal to 74% of deposits.
The non-performing to total financing ratio was 6.25%, with a coverage ratio of 95.39%. Stage 3 loans represented 4.1% of total loans, covered at 148.8%.
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Positive
- Net income Ps.206.8 billion, up 39% QoQ and 4% YoY in 2Q26
- Excluding restructuring, net income Ps.221 billion with ROAE 14.3% and ROAA 3.5%
- Capital Adequacy Ratio 28% and Tier 1 Ratio 28% with Ps.4.1 trillion excess capital
- Liquid assets 74% of total deposits in 2Q26
- Total deposits Ps.14.74 trillion, up 4% YoY
- Stage 3 loans 4.1% of total with 148.8% coverage
Negative
- Restructuring expenses Ps.21.9 billion (Ps.14.2 billion after tax) in 2Q26
- Operating income before G&A and personnel down 2% QoQ to Ps.1.29 trillion
- Operating income after G&A and personnel down 1% QoQ to Ps.603.8 billion
- Total financing Ps.11.69 trillion, down 5% YoY
- Total deposits down 1% QoQ, private sector deposits down 4% QoQ
- USD deposits down 11% in 2Q26
- Non-performing to total financing ratio at 6.25% in 2Q26
Key Figures
Net Income: Ps.206.8 billion
ROAE: 13.4%
ROAA: 3.3%
+5 more
8 metrics
Net Income
Ps.206.8 billion
2Q26; 39% QoQ and 4% YoY higher
ROAE
13.4%
Annualized return on average equity in 2Q26
ROAA
3.3%
Annualized return on average assets in 2Q26
Restructuring Expenses
Ps.21.9 billion
2Q26 expenses; Ps.14.2 billion after tax
Operating Income
Ps.603.8 billion
After G&A and personnel expenses in 2Q26
Total Financing
Ps.11.69 trillion
2Q26; 3% QoQ higher and 5% YoY lower
Total Deposits
Ps.14.74 trillion
2Q26; 1% QoQ lower and 4% YoY higher
Excess Capital
Ps.4.1 trillion
2Q26 solvency position
Previous Earnings Reports
5 past events · Latest: May 27 (Positive)
Same Type
Pattern
5 events
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | 1Q26 earnings | Positive | +3.0% | Net income increased 28% QoQ and 131% YoY, with stronger operating income after expenses. |
| Feb 26 | 4Q25 earnings | Negative | -8.3% | Quarterly net income declined 26% YoY despite recovering from the prior quarter. |
| Nov 26 | 3Q25 earnings | Negative | +4.3% | Nine-month net income and operating income after expenses declined 35% and 64% YoY. |
| Aug 27 | 2Q25 earnings | Positive | +3.6% | Net income rose 209% from the prior quarter alongside higher operating income. |
| May 28 | 1Q25 earnings | Negative | -5.7% | Net income fell 59% QoQ and operating income before expenses dropped 68% YoY. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Tag-specific earnings events aligned with the initial price direction in 4 of 5 cases, while the average move was -0.61%.
Key Terms
ias 29, roae, roaa, basel iii, +2 more
6 terms
ias 29 financial
"figures of previous quarters of 2025 and 2026 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")"
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
"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
"28% Capital Adequacy Ratio – Basel III and 28% Tier 1 Ratio"
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
"28% Capital Adequacy Ratio – Basel III and 28% 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.
stage 3 loans financial
"Stage 3 loans represented 4.1% of total loans"
Stage 3 loans are borrower accounts that accounting rules classify as credit-impaired or in default, where lenders expect a significant probability that some or all of the loan will not be repaid. For investors, stage 3 status signals higher credit risk and leads banks and lenders to record larger loss allowances on their balance sheet, which can reduce reported profits and affect capital strength much like a visible crack warns a homeowner about structural problems.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Summary
- THE BANK'S NET INCOME totaled Ps.206.8 billion in 2Q26,
39% or Ps.57.6 billion higher than the result posted in the previous quarter and4% or Ps.7.1 billion higher than a year ago. In 2Q26, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were13.4% and3.3% , respectively.
Excluding Ps.21.9 billion restructuring expenses (Ps.14.2 billion after tax) 2Q26 net income would have totaled Ps.221 billion and the annualized ROAE and ROAA would have been14.3% and3.5% respectively. - In 2Q26, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.1.29 trillion,
2% or Ps.23.1 billion lower than in 1Q26 and1% or Ps.14.6 billion higher than the same period of last year. - In 2Q26, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.603.8 billion,
1% or Ps.4.6 billion lower than in 1Q26 and1% or Ps.4.4 billion higher than the same period of last year. - In 2Q26, BANCO MACRO'S TOTAL FINANCING increased
3% or Ps.338.2 billion quarter over quarter ("QoQ") totaling Ps.11.69 trillion and decreaed5% or Ps.652.2 billion year over year ("YoY"). In 2Q26 peso financing increased2% while USD financing increased1% . - In 2Q26, BANCO MACRO'S TOTAL DEPOSITS decreased
1% or Ps.196 billion QoQ and increased4% or Ps.563.8 billion YoY, totaling Ps.14.74 trillion and representing76% of the Bank's total liabilities. Private sector deposits decreased4% or Ps.594.7 billion QoQ. In 2Q26, Peso deposits increased0.4% while USD deposits decreased11% . - Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.4.1 trillion,
28% Capital Adequacy Ratio – Basel III and28% Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching74% of its total deposits in 2Q26. - In 2Q26, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was
6.25% and the COVERAGE RATIO reached95.39% . Stage 3 loans represented4.1% of total loans and the coverage ratio of stage 3 loans was148.8% . - As of 2Q26, through its 402 branches and 8.180 employees Banco Macro serves 6.36 million retail customers across 23 of the 24 Provinces in
Argentina and over 228.780 corporate customers.
2Q26 Earnings Conference Call
Thursday, August 20, 2026
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time
To participate, please register here:
Banco Macro 2Q26 Earnings Call
IR Contacts in
Jorge Scarinci
Chief Financial Officer
Nicolás A. Torres
Investor Relations
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
View original content:https://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-second-quarter-of-2026-302855725.html
SOURCE Banco Macro S.A.
FAQ
What were Banco Macro’s (BMA) net income and profitability in 2Q26?
Banco Macro reported net income of Ps.206.8 billion in 2Q26, with ROAE of 13.4% and ROAA of 3.3%. According to Banco Macro, net income rose 39% quarter over quarter and 4% year over year in inflation-adjusted pesos.
How did restructuring expenses affect Banco Macro’s (BMA) 2Q26 results?
Banco Macro recorded Ps.21.9 billion in restructuring expenses (Ps.14.2 billion after tax) in 2Q26. According to Banco Macro, excluding these costs net income would have been Ps.221 billion, with higher ROAE of 14.3% and ROAA of 3.5%.
What were Banco Macro’s (BMA) total loans and deposits as of June 30, 2026?
As of 2Q26, Banco Macro’s total financing was Ps.11.69 trillion and total deposits were Ps.14.74 trillion. According to Banco Macro, financing grew 3% quarter over quarter, while deposits decreased 1% QoQ but increased 4% year over year.
How strong were Banco Macro’s (BMA) capital and liquidity ratios in 2Q26?
Banco Macro reported Ps.4.1 trillion in excess capital, with a Capital Adequacy Ratio of 28% and Tier 1 Ratio of 28%. According to Banco Macro, liquid assets equaled 74% of total deposits, indicating a high liquidity buffer at quarter-end.
What was Banco Macro’s (BMA) asset quality and coverage ratio in 2Q26?
Banco Macro’s non-performing to total financing ratio was 6.25% in 2Q26, with coverage of 95.39%. According to Banco Macro, Stage 3 loans represented 4.1% of total loans, covered at 148.8%, reflecting substantial loan-loss reserves for higher-risk exposures.
How did Banco Macro’s (BMA) operating income change in 2Q26?
Operating income before G&A and personnel expenses reached Ps.1.29 trillion in 2Q26, 2% lower quarter over quarter and 1% higher year over year. According to Banco Macro, operating income after these expenses was Ps.603.8 billion, down 1% QoQ and up 1% YoY.
How did Banco Macro’s (BMA) peso and USD deposits perform in 2Q26?
In 2Q26, Banco Macro’s peso deposits increased 0.4%, while USD deposits decreased 11%. According to Banco Macro, total deposits fell 1% quarter over quarter, and private sector deposits declined 4%, despite a 4% year-over-year increase in total deposits.