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Banco Macro's Financial Results for Q1 2026

Banco Macro S.A. (NYSE: BMA; BYMA: BMA) disclosed its impressive financial results for the first quarter that concluded on March 31, 2026. The bank's performance reflects significant year-over-year growth along with resilience amid economic fluctuations. In this report, we cover the key financial metrics that highlight Banco Macro's progress and strategic positioning.

Key Highlights of Q1 2026

• - Net Income Increase: Banco Macro reported a net income of Ps.139.8 billion, signifying a remarkable 28% increase from the prior quarter and a staggering 131% increase from the same period last year. These figures underscore the bank's strong operational performance and effective cost management strategies.
• - Return on Equity and Assets: The annualized return on average equity (ROAE) stood at 10% while the return on average assets (ROAA) reached 2.4% for the quarter. Excluding restructuring expenses, the adjusted net income would show a higher ROAE of 10.9% and a ROAA of 2.6%.
• - Operating Income Trends: In terms of operating income, the bank recorded Ps.1.23 trillion before general and administrative expenses, representing a slight decrease of 3% compared to Q4 2025, yet a notable 16% increase year-on-year. After accounting for overhead expenses, the operating income was Ps.569.8 billion, which is 15% higher than the previous quarter and 24% higher than a year ago.

Financing and Deposits Analysis

Banco Macro observed a 9% decrease in total financing quarter-over-quarter, summing up to Ps.10.63 trillion, while still experiencing a 5% increase when viewed annually. Both peso and USD financing saw declines of 9% and 6% respectively.

On the deposits' side, the bank's total deposits experienced a 7% decrease quarter-over-quarter, totaling Ps.13.99 trillion. However, in a year-on-year perspective, deposits displayed a 10% growth, indicating strong customer trust and loyalty despite short-term variations. The data also revealed that private sector deposits fell by 8% quarter-over-quarter.

Capital and Solvency Ratios

The bank's capital position remained robust, marked by an excess capital of Ps.4.0 trillion and a capital adequacy ratio aligned with Basel III guidelines at 32.4%. Additionally, the Tier 1 Ratio also stood at 32.4%, further emphasizing the bank's solid financial footing.

Banco Macro maintained a healthy liquidity profile, with liquid assets amounting to 78% of total deposits, which supports its ongoing lending activities.

Non-Performing Loans and Customer Base

The bank's non-performing loans to total financing ratio was recorded at 5.40%, with a coverage ratio reaching 109.79%, indicating proactive loan management and risk control measures.

As of the first quarter of 2026, Banco Macro serves approximately 6.30 million retail clients and over 195,916 corporate customers, supported by a workforce of 8,269 employees across 420 branches in 23 provinces throughout Argentina.

Conference Call

Banco Macro will host an earnings conference call on May 28, 2026 at 11:00 AM Eastern Time and 12:00 PM Buenos Aires Time to discuss these results further. Interested parties can register and participate through the bank's investor relations page.

For ongoing updates and detailed information, visit Banco Macro Investor Relations.

In conclusion, Banco Macro's Q1 results for 2026 reflect its solid growth trajectory, strategic financial management, and continuing commitment to serving a diverse range of customers across Argentina. With strong profitability metrics and capital reserves, the bank is well-positioned for future challenges and opportunities.