Banco Macro Announces Results for the First Quarter of 2025

Core Insights - Banco Macro reported a net income of Ps.45.7 billion for 1Q25, which is a decrease of 59% or Ps.65.3 billion compared to 4Q24 [3] - The annualized return on average equity (ROAE) was 3.8% and the annualized return on average assets (ROAA) was 1.2% in 1Q25 [3] Financial Performance - Operating income before general and administrative (G&A) and personnel expenses totaled Ps.801 billion, down 9% or Ps.82.6 billion from 4Q24 and down 68% or Ps.1.7 trillion from the same period last year [3] - Operating income after G&A and personnel expenses was Ps.347.8 billion, which is 11% or Ps.43 billion lower than 4Q24 and 82% or Ps.1.6 trillion lower than the same period last year [3] Financing and Deposits - Total financing increased by 22% or Ps.1.4 trillion quarter over quarter, totaling Ps.7.7 trillion, and increased by 97% or Ps.3.8 trillion year over year [3] - Total deposits rose by 5% or Ps.485.4 billion QoQ and by 23% or Ps.1.8 trillion YoY, reaching Ps.9.6 trillion, which represents 82% of the Bank's total liabilities [3] Solvency and Asset Quality - Banco Macro maintained a strong solvency ratio with excess capital of Ps.3.2 trillion, a Capital Adequacy Ratio of 34.3%, and a Tier 1 Ratio of 33.6% [3] - The non-performing to total financing ratio was 1.44%, and the coverage ratio reached 163.34% [3] Customer Base - As of 1Q25, Banco Macro served 6.23 million retail customers, including 2.6 million digital customers, through its 505 branches and 8,903 employees across 23 of the 24 provinces in Argentina [3]