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Stay informed about Banco Macro S.A. with the latest news coverage tracking developments at Argentina's second largest privately-owned commercial bank. As a major financial institution serving millions of retail customers and hundreds of thousands of corporate clients across twenty-three provinces, Banco Macro's activities reflect broader trends in Argentine banking and economic conditions.
News coverage of Banco Macro typically includes quarterly financial results announcements, lending and deposit growth metrics, asset quality updates, and capital adequacy developments. Stories often examine how the bank navigates Argentina's unique economic environment, including inflation dynamics, currency fluctuations, and monetary policy transitions that significantly impact banking operations. Coverage may address digital banking initiatives, branch network expansions or optimizations, and strategic decisions regarding capital deployment.
Corporate developments such as acquisitions, partnerships, or changes in business strategy generate news attention, as do regulatory announcements affecting the Argentine banking sector. The bank's American Depositary Receipts trade on the New York Stock Exchange, making developments relevant to both domestic Argentine investors and international market participants. Analyst coverage and investor sentiment often feature in financial news, particularly following earnings releases or significant economic shifts in Argentina. The news feed provides essential context for understanding how one of Argentina's largest domestic banks responds to evolving market conditions and competitive dynamics in Latin American banking.
Banco Macro S.A. (NYSE: BMA) reported its financial results for the fourth quarter of 2022, highlighting a net income of Ps.16.6 billion, a 59% increase from the previous quarter but a 19% decline from the same period in 2021. For the entire fiscal year, net income totaled Ps.43 billion, down 19% year-over-year. Notably, operating income reached Ps.78.2 billion, up 79% year-over-year. Financing to the private sector decreased by 12% year-over-year. Deposits totaled Ps.1.3 trillion, reflecting a 13% increase year-over-year. The bank's solvency ratio remained strong with capital exceeding Ps.410.3 billion.
Banco Macro (NYSE: BMA) reported a net income of Ps.8.9 billion for 3Q22, reflecting a 76% increase from 2Q22 but a 34% decrease compared to 3Q21. The accumulated annualized ROAE and ROAA were 7.7% and 1.9%, respectively. Net Operating Income reached Ps.121.6 billion, up 22% QoQ, while Operating Income totaled Ps.75.1 billion, a 39% increase QoQ. However, financing to the private sector fell 7% QoQ, and total deposits rose by 7% QoQ, totaling Ps.1.1 trillion. The bank maintains a strong solvency ratio with excess capital of Ps.351.9 billion.
Banco Macro S.A. (NYSE: BMA) reported its 2Q22 results, with a net income of Ps.4.1 billion, down 41% from 1Q22 and 45% from 2Q21. The return on average equity (ROAE) was 7.1%, while the return on average assets (ROAA) was 1.7%. Net operating income reached Ps.81.3 billion, an 8% increase QoQ. The bank's total deposits increased 8% QoQ to Ps.858.2 billion. A robust solvency ratio was reported, with excess capital of Ps.284.3 billion. Non-performing financing was low at 1.25% with a coverage ratio of 159.71%.
Banco Macro S.A. (NYSE: BMA) announced a cash dividend of AR $9,875,722,171.88, equivalent to AR $15.44 per share, to be paid on June 7, 2022. This represents 1,544.5% of the capital stock. Of the total dividends, AR $8,548,398,000 comes from income from prior fiscal years, exempt from a 35% tax withholding. The remaining AR $1,327,324,171.88 is subject to a 7% tax withholding, originating from income earned in fiscal years post-January 1, 2018. Shareholders must be listed by June 6, 2022, to qualify for the payout.
Banco Macro S.A. (NYSE: BMA) announced its financial results for 1Q22, showing a net income of Ps.6 billion, reflecting a 51% decrease from 4Q21 but a 77% increase from 1Q21. The annualized ROAE was 9% and ROAA was 2.2%. Operating income rose to Ps.36.6 billion, a 41% increase QoQ. However, financing to the private sector and total deposits both decreased by 8% QoQ. The bank maintains a strong solvency ratio with excess capital of Ps.236.6 billion, and its non-performing financing ratio stands at 1.64%.
Banco Macro S.A. (NYSE: BMA) has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2021. The report encompasses audited financial statements which can be accessed via the SEC's website or Banco Macro's Investor Relations website. Shareholders can request a hard copy of the complete annual financial statements at no cost. The document includes cautionary statements regarding forward-looking events that may differ from actual outcomes.
Banco Macro S.A. (NYSE: BMA) reported a net income of Ps.10.5 billion for 4Q21, a 30% increase from 3Q21 and a 120% rise from 4Q20. However, net income for FY2021 was down 26% at Ps.27.1 billion compared to FY2020. The bank's total deposits fell 1% quarter-over-quarter, while financing to the private sector increased by 4%. With a strong solvency ratio of 36.1% regulatory capital, Banco Macro's non-performing loans ratio stood at 1.3%, indicating robust asset quality.
Banco Macro S.A. (NYSE: BMA) reported its 3Q21 results with a net income of Ps.7.4 billion, a 46% increase from 2Q21. The annualized return on average equity (ROAE) was 10%, and the return on average assets (ROAA) was 2.2%. Financing to the private sector grew by 5% QoQ, totaling Ps.305.9 billion, while total deposits reached Ps.542.1 billion, up 1% from the previous quarter. The bank's solvency ratio stood strong with an excess capital of Ps.183 billion and a regulatory capital ratio of 37.2%. The non-performing loans ratio was 1.67%, with a coverage ratio of 175.9%.
Banco Macro S.A. reported a net income of Ps.4.6 billion for 2Q21, a 90% increase from 1Q21 but 50% lower than 2Q20. The bank's ROAE was 7.8% and ROAA was 1.7%. Financing to the private sector decreased by 7% QoQ to Ps.267.8 billion, and total deposits fell by 3% QoQ to Ps.492.3 billion. The non-performing loans ratio stood at 1.68%.
Banco Macro S.A. (NYSE: BMA) reported a net income of Ps.2.2 billion for 1Q21, marking a 39% decline from 4Q20 and a 77% decrease year-over-year. The annualized ROAE was 5.4% and ROAA was 1.1%. Operating income rose 16% QoQ to Ps.18.9 billion, but dropped 19% YoY. Private sector financing fell 9% QoQ and 17% YoY, while total deposits decreased 17% QoQ. Despite challenges, the bank maintained a strong solvency ratio with Ps.157.4 billion in excess capital. The efficiency ratio improved to 35.7%.
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