Banco Macro Announces Results for the Third Quarter of 2025

Rhea-AI Summary

Banco Macro (NYSE: BMA) reported results for the third quarter ended September 30, 2025. 9M25 net income was Ps.176.7 billion, down 35% YoY. Accumulated annualized ROAE and ROAA were 4.5% and 1.3%, respectively. Operating income (after G&A and personnel) for 9M25 was Ps.1.03 trillion, down 64% YoY.

In 3Q25 total financing reached Ps.10.12 trillion (+69% YoY; +3% QoQ). Total deposits were Ps.11.81 trillion (+11% YoY; +5% QoQ), representing 75% of liabilities. The bank reported excess capital Ps.3.30 trillion, Basel III CAR 29.9%, Tier 1 29.2%, liquid assets equal to 67% of deposits, NPL ratio 3.19% and coverage 120.87%. Network: 469 branches, 8,811 employees, 6.29M retail customers.

Positive

• Total financing +69% YoY to Ps.10.12 trillion
• Total deposits +11% YoY to Ps.11.81 trillion
• Excess capital of Ps.3.30 trillion
• Basel III Capital Adequacy Ratio at 29.9%
• Liquid assets equal 67% of total deposits
• Coverage ratio at 120.87%

Negative

• Net income down 35% YoY to Ps.176.7 billion
• Operating income down 64% YoY to Ps.1.03 trillion
• Accumulated annualized ROAE at 4.5%
• Peso financing decreased 2% QoQ; peso deposits decreased 1% in 3Q25

Insights

Banking analyst

Mixed results: materially lower profitability for 9M25 but strong funding, capital and liquidity positions.

Net income for the first nine months totaled Ps.176.7 billion, down 35% (a reduction of Ps.95.2 billion) versus the prior year, while operating income after G&A and personnel was Ps.1.03 trillion, down 64% (a decrease of Ps.1.84 trillion), indicating substantially weaker profitability year‑over‑year. At the same time, core balance sheet metrics show growth in funding and deposits: total financing reached Ps.10.12 trillion (up 3% QoQ, 69% YoY) and total deposits were Ps.11.81 trillion (up 5% QoQ, 11% YoY), with private sector deposits up 6% QoQ.

Capital and asset quality provide important context: excess capital of Ps.3.30 trillion, a 29.9% Basel III Capital Adequacy Ratio and 29.2% Tier‑1 ratio signal strong solvency, while liquid assets equal 67% of deposits. Credit metrics show a non‑performing to total financing ratio of 3.19% and a coverage ratio of 120.87%. Short‑term performance metrics remain modest: accumulated annualized ROAE was 4.5% and ROAA 1.3%. Dependence on the upcoming earnings conference call on December 1, 2025 for management commentary is clear.

Key dependencies and risks are explicit in the disclosed figures: profitability deterioration through 9M25 versus the prior year, despite rising financing and deposit volumes, and modest returns on equity and assets. Concrete items to watch in the near term include the 12/01/2025 earnings call for management explanations of the drivers of the large operating income decline, any disclosure of margin or expense dynamics, and quarter‑end trends in currency composition of funding (reported peso declines and USD financing increases). Expect meaningful updates within one quarter as the bank reports full year 2025 results and provides detail on margin and credit trends.

BUENOS AIRES, Argentina, Nov. 26, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2025 ("3Q25").  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 September 30, 2025.

Summary

• IN THE FIRST 9 MONTHS OF 2025 ("9M25") THE BANK'S NET INCOME totaled Ps.176.7 billion. This result was 35% or Ps.95.2 billion lower than the result posted in the same period of last year. As of 3Q25, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 4.5% and 1.3%, respectively.
• In 9M25, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.1.03 trillion, 64% or Ps.1.84 trillion lower than in 9M24.
• In 3Q25, BANCO MACRO'S TOTAL FINANCING increased 3% or Ps.332.4 billion quarter over quarter ("QoQ") totaling Ps.10.12 trillion and increased 69% or Ps.4.13 trillion year over year ("YoY"). In 3Q25 USD financing increased 10% while peso financing decreased 2%..
• In 3Q25, BANCO MACRO'S TOTAL DEPOSITS increased 5% or Ps.556.4 billion QoQ and increased 11% or Ps.1.17 trillion YoY, totaling Ps.11.81 trillion and representing 75% of the Bank's total liabilities. Private sector deposits increased 6% or Ps.604.9 billion QoQ. In 3Q25, Peso deposits decreased 1% while USD deposits increased 3%.
• Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.3.30 trillion, 29.9% Capital Adequacy Ratio – Basel III and 29.2% Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching 67% of its total deposits in 3Q25.
• In 3Q25, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was 3.19% and the COVERAGE RATIO reached 120.87%.
• As of 3Q25, through its 469 branches and 8,811 employees Banco Macro serves 6.29 million retail customers (2.5 million digital customers) across 23 of the 24 Provinces in Argentina and over 219,235 corporate customers.

3Q25 Earnings Release Conference Call
Monday, December 1, 2025
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time

To participate, please register here:

Banco Macro 3Q25 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-third-quarter-of-2025-302627163.html

SOURCE Banco Macro S.A.

FAQ

What was Banco Macro's net income for 9M25 and how did it change year-over-year (NYSE: BMA)?

Banco Macro reported 9M25 net income of Ps.176.7 billion, a 35% decrease YoY.

How large were Banco Macro's total deposits and what was the YoY change in 3Q25 (BMA)?

Total deposits were Ps.11.81 trillion in 3Q25, up 11% YoY and representing 75% of liabilities.

What capital and liquidity metrics did Banco Macro report for 3Q25 (NYSE: BMA)?

Banco Macro reported excess capital Ps.3.30 trillion, CAR 29.9%, Tier 1 29.2%, and liquid assets equal to 67% of deposits.

What were Banco Macro's asset quality metrics in 3Q25 and coverage levels (BMA)?

Non-performing to total financing ratio was 3.19% and coverage ratio was 120.87% in 3Q25.

How did Banco Macro's total financing split by currency change in 3Q25 (BMA)?

In 3Q25 USD financing increased 10% QoQ while peso financing decreased 2% QoQ.

When is Banco Macro's 3Q25 earnings conference call and how can investors participate (BMA)?

The earnings call is on December 1, 2025 at 11:00 a.m. ET; investors can register via the company's investor relations channels.