Banco Macro Announces Results for the Second Quarter of 2025

Core Insights - Banco Macro S.A. reported a net income of Ps.149.5 billion for the second quarter of 2025, marking a 209% increase or Ps.101.1 billion higher than the first quarter of 2025 [4] - The annualized return on average equity (ROAE) was 12%, and the annualized return on average assets (ROAA) was 3.5% in 2Q25 [4] Financial Performance - Operating income before general and administrative (G&A) and personnel expenses reached Ps.956.2 billion, which is a 13% increase or Ps.107 billion higher than 1Q25 and a 49% increase or Ps.314.6 billion higher than the same period last year [4] - Operating income after G&A and personnel expenses totaled Ps.448.8 billion, reflecting a 22% increase or Ps.80.1 billion higher than 1Q25 and a 226% increase or Ps.311 billion higher than the same period last year [4] Financing and Deposits - Total financing increased by 14% or Ps.1.1 trillion quarter over quarter, totaling Ps.9.24 trillion, and increased by 91% or Ps.4.4 trillion year over year [4] - Total deposits rose by 4% or Ps.406.2 billion quarter over quarter and by 13% or Ps.1.22 trillion year over year, reaching Ps.10.62 trillion, which represents 76% of the Bank's total liabilities [4] Solvency and Asset Quality - Banco Macro maintained a strong solvency ratio with excess capital of Ps.3.13 trillion, a Capital Adequacy Ratio of 30.5% under Basel III, and a Tier 1 Ratio of 29.9% [4] - The non-performing to total financing ratio was 2.06%, with a coverage ratio of 140.37% [4] Customer Base and Operations - As of 2Q25, Banco Macro served 6.21 million retail customers, including 2.6 million digital customers, through its 491 branches and 8,882 employees across 23 of the 24 provinces in Argentina [4]