Macro Bank (BMA) proposes AR$300B dividend worth AR$469.19 per share

Rhea-AI Filing Summary

Macro Bank Inc. is proposing a very large shareholder payout from retained earnings and reserves. The board plans to allocate retained earnings of AR$ 290,438,875,537.79 for the year ended December 31, 2025, sending AR$ 57,898,528,529.31 to the legal reserve, AR$ 13,680,229,087.73 to Personal Asset Tax on Business Companies, and AR$ 218,860,117,920.75 to an optional reserve for future profit distributions.

The board also approved submitting to shareholders a partial release of the optional reserve to fund a dividend of up to AR$ 300,000,000,000, payable in cash, in kind at market value, or a mix, subject to prior approval from the Central Bank of Argentina. The proposed dividend equals AR$ 469.1969827049 per share, described as 46,919.6982% of the bank’s capital stock of AR$ 639,390,301, and will be subject to a 7% income tax withholding. The board does not intend to propose capitalization of profits or monetary adjustments to capital.

Positive

• Substantial proposed dividend: The board plans to seek approval for a dividend of up to AR$ 300,000,000,000, with a stated value of AR$ 469.1969827049 per share, representing a very large distribution relative to the bank’s AR$ 639,390,301 capital stock.

Negative

• None.

Insights

Banking equity & capital analyst

Macro Bank proposes a very large, taxed dividend funded from reserves.

Macro Bank Inc. plans to direct AR$ 218.86B of 2025 retained earnings into an optional reserve and then seek shareholder approval to release up to AR$ 300B from that reserve to pay a dividend. The payout can be in cash, in kind at market value, or a combination.

The bank specifies a proposed dividend of AR$ 469.1969827049 per share, described as 46,919.6982% of capital stock of AR$ 639.39M. This indicates an unusually large distribution relative to stated capital, framed as coming from accumulated earnings and reserves rather than new capital actions.

The dividend requires prior authorization from the Central Bank of Argentina and will carry a 7% withholding tax under Argentine income tax law. Actual impact on shareholders will depend on regulator approval, the mix of cash versus in-kind payment, and final terms set by the board under the delegated authority.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

February 25, 2026

Commission File Number: 001-32827

MACRO BANK INC.

(Translation of registrant’s name into English)

Av. Eduardo Madero 1182

Buenos Aires C1106ACY

Tel: 54 11 5222 6500

(Address of registrant’s principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes o No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes o No x

INDEX

Translation of a submission from Banco Macro to the CNV dated on February 25, 2026.

 

Av. Eduardo Madero 1182 – C1106ACY

Ciudad Autónoma de Buenos Aires

República Argentina

0810-555-2355

www.macro.com.ar

Autonomous City of Buenos Aires, February 25 2026

To

CNV/BYMA/A3 Mercados

Re.: Relevant Event

We write to you in order to inform that the Board of Directors, at its meeting held on the date hereof, resolved to submit for discussion by the Shareholders’ Meeting the following motions:

(i)

That the retained earnings for the year ended 12/31/2025, expressed in constant currency as of December 31st 2025, totaling AR$ 290,438,875,537.79, be applied as follows: a) AR$ 57,898,528,529.31 to the Legal Reserve fund; b) AR$ 13,680,229,087.73 to the Personal Asset Tax on Business Companies (Impuesto a los Bienes Personales Sociedades y Participaciones) and c) AR$ 218,860,117,920.75 to the Optional Reserve Fund for Future Distribution of Profits, pursuant to Communique “A” 6464 and supplementary provisions of Banco Central de la República Argentina.

(ii)

The partial release of the Optional Reserve Fund for Future Distribution of Profits, in order to apply up to the amount of AR$ 300,000,000,000 to the payment of a cash or a dividend in kind, in this case valued at market price, or in any combination of both alternatives, subject to prior authorization by Banco Central de la República Argentina. Please be advised that the dividend shall be subject to a 7% withholding established under section 97 of the Argentine Income Tax Law, as revised in 2019. Delegation to the Board of Directors of the powers to release the Reserve and establish the date, currency and other applicable payment terms and conditions in accordance with the delegation provided for by the Shareholders’ Meeting. Amount expressed in constant currency as of December 31st 2025.

The proposed dividend amounts to AR$ 469.1969827049 per share, which represents 46,919.6982 % of the capital stock of the Bank of AR$ 639,390,301.

In addition, please be advised that in the above mentioned meeting the Board also resolved not to motion for profit capitalization or monetary adjustments to capital or other items.

Sincerely,

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: February 25, 2026

	MACRO BANK INC.
	By:	/s/ Jorge F. Scarinci
	Name:	Jorge F. Scarinci
	Title:	Chief Financial Officer

FAQ

What dividend did Macro Bank Inc. (BMA) propose in this 6-K?

Macro Bank proposed a dividend funded by a partial release of its Optional Reserve Fund for Future Distribution of Profits, for up to AR$ 300,000,000,000. The stated amount equals AR$ 469.1969827049 per share, representing 46,919.6982% of the bank’s AR$ 639,390,301 capital stock.

How will Macro Bank (BMA) fund the proposed dividend?

The dividend would be funded by partially releasing the Optional Reserve Fund for Future Distribution of Profits. Retained earnings for 2025 of AR$ 290,438,875,537.79 are allocated in part to this reserve, supporting a proposed payout of up to AR$ 300,000,000,000, subject to approvals.

What tax applies to the proposed Macro Bank (BMA) dividend?

The proposed dividend will be subject to a 7% withholding tax under section 97 of the Argentine Income Tax Law, as revised in 2019. This withholding applies to the dividend amount shareholders receive, reducing their net cash or in-kind distribution from the gross declared dividend.

Is Macro Bank’s proposed dividend in cash or stock?

The board proposes that the dividend may be paid in cash, in kind valued at market price, or any combination of both alternatives. The board would receive delegated authority from the shareholders’ meeting to set the final mix, currency, date, and other payment terms and conditions.

What approvals are required for Macro Bank’s (BMA) dividend to be paid?

The dividend requires approval from the shareholders’ meeting, which will consider the board’s proposal. It is also subject to prior authorization by the Central Bank of the Argentine Republic, which oversees banking sector distributions. The board would then use delegated powers to implement payment terms.

How is Macro Bank allocating its 2025 retained earnings?

Retained earnings for the year ended December 31, 2025, totaling AR$ 290,438,875,537.79 in constant currency, are allocated as follows: AR$ 57,898,528,529.31 to the legal reserve, AR$ 13,680,229,087.73 to Personal Asset Tax on Business Companies, and AR$ 218,860,117,920.75 to an optional reserve for future distributions.