Banco Macro Announces Results for the Third Quarter of 2024
Banco Macro (NYSE: BMA) reported its Q3 2024 results with a net income of Ps.91.3 billion, representing a 293% increase from Q3 2023. The bank achieved an annualized ROAE of 6.8% and ROAA of 2.1%. Total financing increased 17% QoQ to Ps.4.55 trillion, while total deposits grew 7% to Ps.8.1 trillion. The bank maintained strong financial metrics with a Capital Adequacy Ratio of 32.8% and excess capital of Ps.2.5 trillion. The non-performing to total financing ratio stood at 1.15% with a coverage ratio of 177.6%. Banco Macro serves 5.24 million retail customers through 515 branches across Argentina.
Banco Macro (NYSE: BMA) ha riportato i risultati del terzo trimestre 2024 con un utile netto di Ps.91,3 miliardi, che rappresenta un aumento del 293% rispetto al terzo trimestre del 2023. La banca ha raggiunto un ROAE annualizzato del 6,8% e un ROAA del 2,1%. Il finanziamento totale è aumentato del 17% su base trimestrale, arrivando a Ps.4,55 trilioni, mentre i depositi totali sono cresciuti del 7%, raggiungendo Ps.8,1 trilioni. La banca ha mantenuto metriche finanziarie solide con un rapporto di adeguatezza patrimoniale del 32,8% e un capitale in eccesso di Ps.2,5 trilioni. Il rapporto tra finanziamenti non performanti e finanziamenti totali si è attestato all'1,15%, con un rapporto di copertura del 177,6%. Banco Macro serve 5,24 milioni di clienti al dettaglio attraverso 515 filiali in tutto l'Argentina.
Banco Macro (NYSE: BMA) informó sus resultados del tercer trimestre de 2024 con un ingreso neto de Ps.91.3 mil millones, lo que representa un aumento del 293% con respecto al tercer trimestre de 2023. El banco logró un ROAE anualizado del 6.8% y un ROAA del 2.1%. El financiamiento total aumentó un 17% en comparación con el trimestre anterior, alcanzando Ps.4.55 billones, mientras que los depósitos totales crecieron un 7% hasta Ps.8.1 billones. El banco mantuvo métricas financieras sólidas con un índice de suficiencia de capital del 32.8% y capital en exceso de Ps.2.5 billones. La relación de créditos no rentables sobre el financiamiento total se situó en el 1.15%, con una relación de cobertura del 177.6%. Banco Macro atiende a 5.24 millones de clientes minoristas a través de 515 sucursales en Argentina.
방코 마크로 (NYSE: BMA)는 2024년 3분기 실적을 발표하며 순이익 91.3조 페소를 기록했다고 밝혔으며, 이는 2023년 3분기 대비 293% 증가한 수치입니다. 은행은 연간 ROAE 6.8%와 ROAA 2.1%를 달성했습니다. 총 금융 규모는 전분기 대비 17% 증가하여 4.55조 페소에 달했으며, 총 예금은 7% 증가해 8.1조 페소에 이르렀습니다. 은행은 자본 비율 32.8%와 2.5조 페소의 초과 자본으로 강력한 재무 지표를 유지했습니다. 부실채권 비율은 총 금융의 1.15%로, 커버리지 비율은 177.6%에 달했습니다. 방코 마크로는 아르헨티나 전역에 515개의 지점을 통해 524만 명의 소매 고객을 지원하고 있습니다.
Banco Macro (NYSE: BMA) a publié ses résultats du troisième trimestre 2024, indiquant un revenu net de Ps.91,3 milliards, représentant une augmentation de 293 % par rapport au troisième trimestre 2023. La banque a atteint un ROAE annualisé de 6,8 % et un ROAA de 2,1 %. Le financement total a augmenté de 17 % par rapport au trimestre précédent, atteignant Ps.4,55 trillions, tandis que les dépôts totaux ont crû de 7 % pour s'élever à Ps.8,1 trillions. La banque a maintenu des indicateurs financiers solides avec un ratio de solvabilité de 32,8 % et un capital excédentaire de Ps.2,5 trillions. Le ratio des créances douteuses par rapport au financement total s'est établi à 1,15 % avec un taux de couverture de 177,6 %. Banco Macro dessert 5,24 millions de clients de détail à travers 515 agences en Argentine.
Banco Macro (NYSE: BMA) hat seine Ergebnisse für das 3. Quartal 2024 veröffentlicht und berichtet von einem Nettoeinkommen von Ps.91,3 Milliarden, was einem Anstieg von 293 % im Vergleich zum 3. Quartal 2023 entspricht. Die Bank erzielte eine annualisierte ROAE von 6,8 % und eine ROAA von 2,1 %. Die Gesamterfinanzierung stieg im Quartalsvergleich um 17 % auf Ps.4,55 Billionen, während die Gesamteinlagen um 7 % auf Ps.8,1 Billionen zulegten. Die Bank hat solide Finanzkennzahlen mit einem Kapitaladäquanzverhältnis von 32,8 % und einem überschüssigen Kapital von Ps.2,5 Billionen beibehalten. Der Anteil der notleidenden Kredite an der Gesamtfinanzierung betrug 1,15 %, mit einer Deckungsquote von 177,6 %. Banco Macro bedient 5,24 Millionen Privatkunden über 515 Niederlassungen in ganz Argentinien.
- Net income increased 293% year-over-year to Ps.91.3 billion
- Total financing grew 17% QoQ to Ps.4.55 trillion
- Total deposits increased 7% QoQ to Ps.8.1 trillion
- Strong capital position with 32.8% Capital Adequacy Ratio
- Low non-performing loan ratio of 1.15% with 177.6% coverage ratio
- High liquidity ratio at 91% of total deposits
- Operating income after expenses decreased 44% year-over-year
- Peso deposits decreased 15% in Q3 2024
Insights
The Q3 results showcase significant financial improvements for Banco Macro. Net income surged by
Notable metrics include total financing growth of
The divergence between peso deposits (decreased
Summary
- THE BANK'S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was
293% or Ps.68.1 billion higher than in 3Q23. In 3Q24, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were6.8% and2.1% , respectively. - In 3Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.829.2 billion,
61% or Ps.313 billion higher than in 2Q24 and25% or Ps.272.3 lower than 3Q24. - In 3Q24, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.403.7 billion,
263% or Ps.292.6 billion higher than in 2Q24 and44% or Ps.322.5 billion lower than the same period of last year. - In 3Q24, BANCO MACRO'S TOTAL FINANCING increased
17% or Ps.657.9 billion quarter over quarter ("QoQ") totaling Ps.4.55 trillion and increased28% or Ps.988 billion year over year ("YoY"). In 3Q24 peso financing increased19% while USD financing decreased1% . - In 3Q24, BANCO MACRO'S TOTAL DEPOSITS increased
7% or Ps.516 billion QoQ and increased30% or Ps.1.9 trillion YoY, totaling Ps.8.1 trillion and representing76% of the Bank's total liabilities. Private sector deposits increased6% or Ps.401.8 billion QoQ. In 3Q24, Peso deposits decreased15% while USD deposits increased87% . - Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.2.5 trillion,
32.8% Capital Adequacy Ratio – Basel III and 32.8 % Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching91% of its total deposits in 3Q24. - In 3Q24, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was
1.15% and the COVERAGE RATIO reached177.6% . - As of 3Q24, through its 515 branches and 9.109 employees Banco Macro serves 5.24 million retail customers (2.21 million digital customers) across 23 of the 24 Provinces in
Argentina and over 161,180 corporate customers.
3Q24 Earnings Release Conference Call
Monday, December 2, 2024
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 12/02/2024 through 09/06/2024
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-third-quarter-of-2024-302317902.html
SOURCE Banco Macro S.A.
FAQ
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