Financial Data and Key Metrics - Net income for Q3 2024 totaled Ps 91.3 billion, a 293% increase compared to Q3 2023 [5] - Operating income before general, administrative, and personnel expenses was Ps 829.2 billion, up 61% QoQ but down 25% YoY [6] - Net interest income increased by 167% QoQ to Ps 569.1 billion, driven by higher interest income and lower interest expenses [9] - Provision for loan losses increased by 24% QoQ to Ps 23 billion, reflecting higher credit risk [9] - Net fee income rose by 8% QoQ to Ps 117.8 billion, supported by increased transaction volumes [13] - The efficiency ratio deteriorated to 25.5% in Q3 2024, up from 22.2% in Q2 2024 [15] Business Line Performance - Income from government and private securities increased by 143% QoQ to Ps 253 billion, though it decreased by 33% YoY [11] - FX income declined by 43% QoQ to Ps 16.3 billion, impacted by peso depreciation and the bank's dollar loan position [12] - Net income from financial assets and liabilities at fair value decreased by 24% QoQ to Ps 103.6 billion, driven by lower income from government and private securities [14] Market and Regional Performance - Total financing increased by 17% QoQ to Ps 4.55 trillion, with commercial loans growing by 46% and consumer loans by 43% [18] - Private sector deposits increased by 6% QoQ to Ps 8.1 trillion, driven by demand deposits, while time deposits decreased by 32% [19] - The bank's market share in private sector loans reached 9.2%, and its market share in private sector deposits was 7.4% as of September 2024 [20] Strategic Direction and Industry Competition - The bank aims to optimize its excess capital of Ps 2.53 trillion, with a capital adequacy ratio of 32.8% and a Tier 1 ratio of 31.3% [21] - Loan growth is expected to reach 25%-35% in 2024 and 40% in 2025, supported by declining inflation and stable FX rates [27] - The bank plans to shift from securities to loan growth, which is expected to drive net interest income growth of 30%-35% in real terms for 2025 [39] Management Commentary on Operating Environment and Outlook - Inflation eased to 12.1% in Q3 2024, down from 18.6% in Q2 2024, positively impacting the bank's net monetary position [16] - The bank expects GDP growth of 5%-6% in real terms for 2025, driven by improving economic conditions [28] - Management anticipates a slight deterioration in asset quality but expects the NPL ratio to remain below 2% by the end of 2025 [41] Other Key Information - The bank exercised put options on inflation-adjusted securities, resulting in a Ps 50 billion loss, but it continues to hold put options on remaining positions [7][8] - The bank's liquidity remains strong, with a liquid assets-to-total deposits ratio of 91% [22] Q&A Session Summary Question: Loan Growth and ROE Forecast - Loan growth is expected to be 25%-35% in 2024 and 40% in 2025, driven by declining inflation and stable FX rates [27] - ROE is forecasted to be around 10% for 2024 and in the low to mid-teens for 2025 [28] - The bank has sufficient excess capital to support aggressive loan growth without needing additional capital [29] Question: Inflation-Linked Securities and FX Position - The bank holds a long position in inflation-linked securities but no FX-linked bonds [37] - Inflation expectations for 2025 range from 25% to 40%, with peso depreciation expected to be between 15% and 25% [37] Question: NII Growth and Asset Quality - NII is expected to grow by 30%-35% in real terms in 2025, driven by the shift from securities to loan growth [39] - Asset quality is expected to remain under control, with the NPL ratio projected to stay below 2% by the end of 2025 [41] Question: International Debt Issuance - The bank has no plans to raise new debt in international markets, despite the upcoming maturity of its 2026 Tier 2 bond [46] Question: USD Deposits and Margin Compression - USD deposits increased significantly due to the Tax Amnesty, but loan demand in USD has not kept pace, leading to margin compression [53] - Competition has driven USD margins down to 4%-5%, but the bank expects margins to stabilize and potentially improve in the second half of 2025 [58]

BUENOS AIRES, Argentina, Nov. 27, 2024 /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, 2024 ("3Q24").  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 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflati ...

Banco Macro (NYSE: BMA ) is a quality bank in Argentina and offers an interesting risk-reward proposition as the bank is well placed to benefit from an improved macroeconomic background in the country.Labutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with the existing author The Outsider.A ...

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 October 15, 2024 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant's name into English) Avenida Eduardo Madero 1182 Ciudad Autónoma de Buenos Aires C1106 ACY Tel: 54 11 5222 6500 (Address of registrant's principal executive of ices) Indicate by check mark whether the registrant files or will file annual repo ...

Banco Macro S.A. (NYSE:BMA) Q2 2024 Earnings Conference Call August 23, 2024 12:00 PM ET Company Participants Nicolás Torres - Investor Relations Jorge Scarinci - Chief Financial Officer Conference Call Participants Ernesto Gabilondo - Bank of America Brian Flores - Citibank Marina Mertens - Latin Securities Yuri Fernandes - JPMorgan Carlos Gomez - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to the Banco Macro's 2Q 2024 Earning ...

BUENOS AIRES, Argentina, Aug. 22, 2024 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2024 ("2Q24"). 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 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation ad ...

Major U.S. indexes — the Dow, the S&P 500 and the Nasdaq — have given investors a positive return of 4.7%, 11.5% and 11%, respectively, in the year-to-date period. Though inflation, which remains the biggest threat to the economy, resumed its downtrend in the second quarter of 2024 and economic growth improved, an unexpectedly weak employment report rekindled worries of a recession. Owing to cheap gasoline prices and moderating rents, the Consumer Price Index (CPI) saw a dip for the first time in more than ...

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 August 1, 2024 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant's name into English) Avenida Eduardo Madero 1182 Ciudad Autónoma de Buenos Aires C1106 ACY Tel: 54 11 5222 6500 (Address of registrant's principal executive of ices) Indicate by check mark whether the registrant files or will file annual report ...

Banco Macro is one of 863 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. Another stock in the Finance sector, Bancolombia (CIB) , has outperformed the sector so far this year. The stock's year-to-date return is 11.1%. Banco Macro and Bancolombia could continue their soli ...

More intriguing, several of these top finance stocks have dividend yields over 3%, and here are two to consider. Image Source: Zacks Investment Research Image Source: Zacks Investment Research Image Source: Zacks Investment Research Macro Bank (BMA) Morgan Stanley ( MS Quick Quote |- Eree Report) The cherry on top especially for longer term investors is Morgan Stanley's 3.55% annual dividend yield which tops its Zacks Financial-Investment Bank Industry average of 2.08%. Eurthermore, Morgan Stanley's Bottom ...