#financial results #Argentina #Buenos Aires #Banco Macro

Banco Macro Reports Q3 2025 Results

Banco Macro S.A. (NYSE: BMA) recently published its financial results for the third quarter ending September 30, 2025. The bank's performance has been closely watched as it navigates through the challenging economic terrain in Argentina.

Financial Overview

In the first nine months of 2025 (9M25), Banco Macro recorded a net income of ARS 176.7 billion. This figure represents a significant decline of 35% or ARS 95.2 billion compared to the same period last year. The annualized return on average equity (ROAE) was reported at 4.5%, while the return on average assets (ROAA) stood at 1.3% as of the end of Q3 2025.

The operating income for the same period totaled ARS 1.03 trillion, down 64% or ARS 1.84 trillion compared to the previous year's figures for 9M24. This downward trend indicates the challenges the bank is facing in the current economic climate.

Growth in Financing and Deposits

Banco Macro highlighted a notable increase in total financing, which rose by 3% or ARS 332.4 billion quarter-over-quarter (QoQ), amounting to ARS 10.12 trillion. Year-over-year (YoY), this figure represented a robust increase of 69% or ARS 4.13 trillion. Notably, USD financing increased by 10%, although peso financing saw a 2% decrease.

In terms of deposits, Banco Macro's total deposits reached ARS 11.81 trillion, reflecting a 5% increase or ARS 556.4 billion QoQ and an 11% increase or ARS 1.17 trillion YoY. This indicates that the bank's deposit base continues to grow, demonstrating a strong consumer confidence.

Capital Adequacy and Solvency

The bank also reported a sound capital adequacy position, with an excess capital amounting to ARS 3.30 trillion. The Capital Adequacy Ratio under Basel III was confirmed at 29.9%, and the Tier 1 Ratio stood at 29.2%. Furthermore, Banco Macro maintained a healthy liquidity level, with 67% of total deposits accounted for in liquid assets.

Banco Macro's non-performing to total financing ratio came in at 3.19%, while the coverage ratio reached a robust 120.87%. This performance metric highlights the bank's ability to manage credit risks effectively.

Customer Base and Outreach

As of the third quarter of 2025, Banco Macro operates through 469 branches and employs 8,811 staff members, catering to approximately 6.29 million retail customers. Among these, 2.5 million are identified as digital customers, showcasing the bank's commitment to expanding its digital services across 23 out of 24 provinces in Argentina. Over 219,235 corporate clients are served, further establishing Banco Macro's position as a key player in the banking sector.

Upcoming Earnings Call

Bank officials are set to discuss the Q3 2025 results more comprehensively in the upcoming earnings release conference call scheduled for December 1, 2025, at 11:00 AM ET (1:00 PM Buenos Aires Time). Individuals wishing to participate should register in advance.

For further information, Banco Macro's investor relations team is available for inquiries. Jorge Scarinci serves as Chief Financial Officer, along with Nicolás A. Torres who handles investor relations. They can be reached via email for detailed questions regarding the bank's financial performance.

In conclusion, while Banco Macro has faced a significant decline in net income and operating income compared to the previous year, the growth in deposits, the increased financing capability, and strong capital ratios highlight the bank's resilience amidst challenging economic conditions. The upcoming earnings call will shed further light on the next steps for Banco Macro as it navigates these turbulent waters in Argentina's financial landscape.