Banco Macro Announces Results for the Fourth Quarter of 2024
Banco Macro (NYSE: BMA) reported its Q4 2024 financial results with a net income of Ps.102.2 billion, up 4% from Q3 2024. The bank achieved an annualized ROAE of 7.5% and ROAA of 2.4%.
Operating income before expenses decreased 9% QoQ to Ps.813.9 billion, while operating income after expenses fell 17% to Ps.359.9 billion. Total financing grew 18% QoQ to Ps.5.8 trillion, with both peso and USD financing increasing 14% and 29% respectively in FY2024.
Total deposits reached Ps.8.4 trillion, representing 81% of total liabilities, with a 3% QoQ decrease but 15% YoY increase. The bank maintained strong solvency with Ps.2.8 trillion excess capital and a 32.4% Capital Adequacy Ratio. The non-performing ratio stood at 1.28% with a 158.8% coverage ratio.
Banco Macro (NYSE: BMA) ha riportato i risultati finanziari del Q4 2024 con un utile netto di Ps.102,2 miliardi, in aumento del 4% rispetto al Q3 2024. La banca ha raggiunto un ROAE annualizzato del 7,5% e un ROAA del 2,4%.
Il reddito operativo prima delle spese è diminuito del 9% rispetto al trimestre precedente, attestandosi a Ps.813,9 miliardi, mentre il reddito operativo dopo le spese è calato del 17% a Ps.359,9 miliardi. Il totale dei finanziamenti è cresciuto del 18% rispetto al trimestre precedente, raggiungendo Ps.5,8 trilioni, con finanziamenti in pesos e USD aumentati rispettivamente del 14% e del 29% nell'anno fiscale 2024.
I depositi totali hanno raggiunto Ps.8,4 trilioni, rappresentando l'81% delle passività totali, con una diminuzione del 3% rispetto al trimestre precedente ma un aumento del 15% su base annua. La banca ha mantenuto una forte solvibilità con un capitale in eccesso di Ps.2,8 trilioni e un rapporto di adeguatezza patrimoniale del 32,4%. Il rapporto di insolvenza si è attestato all'1,28% con un rapporto di copertura del 158,8%.
Banco Macro (NYSE: BMA) reportó sus resultados financieros del Q4 2024 con un ingreso neto de Ps.102.2 mil millones, un aumento del 4% respecto al Q3 2024. El banco logró un ROAE anualizado del 7.5% y un ROAA del 2.4%.
Los ingresos operativos antes de gastos disminuyeron un 9% trimestre a trimestre, alcanzando Ps.813.9 mil millones, mientras que los ingresos operativos después de gastos cayeron un 17% a Ps.359.9 mil millones. El financiamiento total creció un 18% trimestre a trimestre, alcanzando Ps.5.8 billones, con financiamiento tanto en pesos como en USD aumentando un 14% y un 29% respectivamente en el año fiscal 2024.
Los depósitos totales alcanzaron Ps.8.4 billones, representando el 81% de las pasivos totales, con una disminución del 3% trimestre a trimestre pero un aumento del 15% interanual. El banco mantuvo una sólida solvencia con un capital excedente de Ps.2.8 billones y un Ratio de Adecuación de Capital del 32.4%. El ratio de morosidad se situó en el 1.28% con un ratio de cobertura del 158.8%.
Banco Macro (NYSE: BMA)는 2024년 4분기 재무 결과를 보고하면서 순이익이 Ps.102.2억으로 2024년 3분기 대비 4% 증가했다고 발표했습니다. 이 은행은 연간 ROAE 7.5% 및 ROAA 2.4%를 달성했습니다.
비용 이전 운영 수익은 전분기 대비 9% 감소하여 Ps.813.9억에 이르렀고, 비용 이후 운영 수익은 17% 감소하여 Ps.359.9억에 이르렀습니다. 총 금융은 전분기 대비 18% 증가하여 Ps.5.8조에 도달했으며, 페소 및 USD 금융은 각각 14% 및 29% 증가했습니다.
총 예금은 Ps.8.4조에 도달하여 총 부채의 81%를 차지하며, 전분기 대비 3% 감소했지만 전년 대비 15% 증가했습니다. 은행은 Ps.2.8조의 초과 자본과 32.4%의 자본 적정성 비율로 강력한 지급 능력을 유지했습니다. 부실 채권 비율은 1.28%로, 158.8%의 커버리지 비율을 기록했습니다.
Banco Macro (NYSE: BMA) a publié ses résultats financiers pour le 4e trimestre 2024 avec un revenu net de Ps.102,2 milliards, en hausse de 4% par rapport au 3e trimestre 2024. La banque a atteint un ROAE annualisé de 7,5% et un ROAA de 2,4%.
Le revenu opérationnel avant dépenses a diminué de 9% par rapport au trimestre précédent pour atteindre Ps.813,9 milliards, tandis que le revenu opérationnel après dépenses a chuté de 17% à Ps.359,9 milliards. Le financement total a augmenté de 18% par rapport au trimestre précédent, atteignant Ps.5,8 trillions, avec une augmentation de 14% et 29% respectivement pour le financement en pesos et en USD au cours de l'exercice 2024.
Les dépôts totaux ont atteint Ps.8,4 trillions, représentant 81% des passifs totaux, avec une diminution de 3% par rapport au trimestre précédent mais une augmentation de 15% par rapport à l'année précédente. La banque a maintenu une forte solvabilité avec un capital excédentaire de Ps.2,8 trillions et un ratio de solvabilité de 32,4%. Le ratio de créances douteuses s'élevait à 1,28% avec un ratio de couverture de 158,8%.
Banco Macro (NYSE: BMA) hat seine finanziellen Ergebnisse für das 4. Quartal 2024 veröffentlicht, mit einem Nettoeinkommen von Ps.102,2 Milliarden, was einem Anstieg von 4% im Vergleich zum 3. Quartal 2024 entspricht. Die Bank erzielte eine annualisierte ROAE von 7,5% und eine ROAA von 2,4%.
Der operative Gewinn vor Ausgaben sank im Quartalsvergleich um 9% auf Ps.813,9 Milliarden, während der operative Gewinn nach Ausgaben um 17% auf Ps.359,9 Milliarden fiel. Die Gesamtfinanzierung wuchs im Quartalsvergleich um 18% auf Ps.5,8 Billionen, wobei sowohl die Finanzierung in Pesos als auch in USD um 14% bzw. 29% im Geschäftsjahr 2024 zunahm.
Die Gesamteinlagen erreichten Ps.8,4 Billionen, was 81% der Gesamtverbindlichkeiten entspricht, mit einem Rückgang von 3% im Quartalsvergleich, aber einem Anstieg von 15% im Jahresvergleich. Die Bank hielt eine starke Solvabilität mit einem Überschusskapital von Ps.2,8 Billionen und einer Kapitalquote von 32,4%. Die Ausfallquote lag bei 1,28% mit einer Deckungsquote von 158,8%.
- Net income increased 4% QoQ to Ps.102.2 billion
- Total financing grew 18% QoQ and 45% YoY
- Strong capital position with Ps.2.8 trillion excess capital
- Robust 158.8% loan coverage ratio
- Low non-performing ratio of 1.28%
- Operating income before expenses decreased 9% QoQ
- Operating income after expenses fell 17% QoQ
- Total deposits declined 3% QoQ
- USD deposits decreased 18% in FY2024
Insights
Banco Macro's Q4 2024 results present a complex picture that reflects both institutional resilience and the challenging Argentine economic environment. The bank posted net income of Ps.102.2 billion, a modest
The most concerning aspect is the dramatic decline in operating income, which fell
The
Banco Macro maintains exceptional defensive positioning with a capital adequacy ratio of 32.4% – well above regulatory requirements – and liquid assets covering
The divergent trends between peso and dollar deposits (
Summary
- THE BANK'S NET INCOME totaled Ps.102.2 billion in 4Q24. This result was
4% or Ps.3.5 billion higher than the result posted in 3Q24. In 4Q24, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were7.5% and2.4% , respectively. - In 4Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.813.9 billion,
9% or Ps.81.9 billion lower than in 3Q24 and72% or Ps.2.1 trillion lower than the same period of last year. - In 4Q24, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.359.9 billion,
17% or Ps.76.2 billion lower than in 3Q24 and84% or Ps.1.9 trillion lower than the same period of last year. - In 4Q24, BANCO MACRO'S TOTAL FINANCING increased
18% or Ps.884.1 billion quarter over quarter ("QoQ") totaling Ps.5.8 trillion and increased45% or Ps.1.8 trillion year over year ("YoY"). In FY204 both peso an USD financing increased14% and29% respectively - In 4Q24, BANCO MACRO'S TOTAL DEPOSITS decreased
3% or Ps.299.3 billion QoQ and increased15% or Ps.1.1 trillion YoY, totaling Ps.8.4 trillion and representing81% of the Bank's total liabilities. Private sector deposits increased2% or Ps.147 billion QoQ. In FY2024, Peso deposits increased2% while USD deposits decreased,18% . - Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.2.8 trillion,
32.4% Capital Adequacy Ratio – Basel III and 31.6 % Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching79% of its total deposits in 4Q24. - In 4Q24, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was
1.28% and the COVERAGE RATIO reached158.8% . - As of 4Q24, through its 515 branches and 9.004 employees Banco Macro serves 6.12 million retail customers (2.5 million digital customers) across 23 of the 24 Provinces in
Argentina and over 201,233 corporate customers.
4Q24 Earnings Release Conference Call
Thursday, February 27, 2025
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time
To participate, please dial:
Argentina Toll Free:
(011) 3984 5677
Participants Dial In (Toll Free):
+1 (844) 450 3847
Participants International Dial In:
+1 (412) 317 6370
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click here
Available from 02/27/2025 through 03/13/2025
IR Contacts in
Jorge Scarinci
Chief Financial Officer
Nicolás A. Torres
Investor Relations
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.macro.com.ar/relaciones-inversores
View original content:https://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-fourth-quarter-of-2024-302386673.html
SOURCE Banco Macro S.A.
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