Banco Macro ( (BMA) ) has released its Q4 earnings. Here is a breakdown of the information Banco Macro presented to its investors.
Banco Macro S.A. is a prominent financial institution in Argentina, primarily engaged in providing a wide range of banking services to retail and corporate clients across the country. Operating in the financial sector, Banco Macro is known for its extensive branch network and significant market presence in Argentina.
In its fourth-quarter earnings report for 2024, Banco Macro reported a net income of Ps. 102.2 billion, marking a 4% increase from the previous quarter. Despite a challenging economic environment, the bank demonstrated resilience with a notable increase in total financing and deposits compared to the previous year.
Key financial metrics revealed that Banco Macro’s total financing grew by 45% year-over-year, reaching Ps. 5.8 trillion, while total deposits increased by 15% to Ps. 8.4 trillion. The bank maintained a strong capital adequacy ratio of 32.4%, reflecting its robust financial health. However, operating income saw a decline of 17% quarter-over-quarter, primarily due to reduced net interest income and higher provisions for loan losses.
The bank’s asset quality remained stable, with a non-performing loan ratio of 1.28% and a coverage ratio of 158.8%. Banco Macro’s management continues to focus on maintaining high solvency levels and optimizing its capital structure to support future growth.
Looking ahead, Banco Macro remains cautiously optimistic, aiming to leverage its strong capital position and extensive customer base to navigate the evolving economic landscape in Argentina.