Welcome to our dedicated page for Banco Macro S.A. news (Ticker: BMA), a resource for investors and traders seeking the latest updates and insights on Banco Macro S.A. stock.
Banco Macro S.A. (symbol: BMA) stands as the second largest domestically-owned private bank in Argentina and ranks sixth by deposits and lending. The company is a key player in Argentina's banking sector, providing a wide range of financial products and services tailored to meet the needs of both retail and corporate customers.
Banco Macro's retail segment caters to individuals and entrepreneurs, offering services such as savings accounts, personal loans, and credit cards. On the corporate side, the bank supports small, medium, and large enterprises with business loans, corporate finance, and other essential banking services. Additionally, Banco Macro extends its services to four provincial governments, underscoring its significant role in the local financial ecosystem.
The bank generates the majority of its revenue from within Argentina, making it a crucial institution for the nation's economic landscape. Banco Macro has consistently demonstrated robust financial performance. For instance, the company recently reported its second quarter results for 2023, highlighting strong earnings despite the challenging economic environment in Argentina.
One of the significant recent developments includes Banco Macro's acquisition of Banco Itaú Argentina S.A., Itaú Asset Management S.A., and Itaú Valores S.A. from Itaú Unibanco Holding S.A. The transaction, valued at approximately US$50 million, is expected to enhance Banco Macro's market presence and expand its service offerings.
Banco Macro is committed to transparency and investor relations. It regularly publishes detailed financial statements and reports, as evidenced by its timely updates for quarters ending in 2023 and the first quarter of 2024. The bank ensures compliance with international accounting standards, restating figures to reflect the effects of inflation adjustments accurately.
For investors and stakeholders interested in the latest updates and performance metrics, Banco Macro holds regular earnings release conference calls. These events provide insights into the bank's financial health and future outlook.
Overall, Banco Macro S.A. is a steadfast institution in Argentina's banking sector, continually adapting and growing to meet the evolving needs of its diverse clientele.
Banco Macro (NYSE: BMA) announces the appointment of Jorge Brito as Chairman, effective March 16, 2023, following the early resignation of Delfín Jorge Ezequiel Carballo. Having served as Vice Chairman since November 2020, Brito is expected to lead the bank forward, leveraging his extensive experience, including a prior role as CFO. Carballo's resignation comes amidst positive indicators of the bank's financial health, including solvency and liquidity. He expressed pride in the bank's management and confidence in the board's capabilities. Banco Macro remains the largest private bank in Argentina with a wide network of branches and ATMs.
Banco Macro S.A. (NYSE: BMA) reported its financial results for the fourth quarter of 2022, highlighting a net income of Ps.16.6 billion, a 59% increase from the previous quarter but a 19% decline from the same period in 2021. For the entire fiscal year, net income totaled Ps.43 billion, down 19% year-over-year. Notably, operating income reached Ps.78.2 billion, up 79% year-over-year. Financing to the private sector decreased by 12% year-over-year. Deposits totaled Ps.1.3 trillion, reflecting a 13% increase year-over-year. The bank's solvency ratio remained strong with capital exceeding Ps.410.3 billion.
Banco Macro (NYSE: BMA) reported a net income of Ps.8.9 billion for 3Q22, reflecting a 76% increase from 2Q22 but a 34% decrease compared to 3Q21. The accumulated annualized ROAE and ROAA were 7.7% and 1.9%, respectively. Net Operating Income reached Ps.121.6 billion, up 22% QoQ, while Operating Income totaled Ps.75.1 billion, a 39% increase QoQ. However, financing to the private sector fell 7% QoQ, and total deposits rose by 7% QoQ, totaling Ps.1.1 trillion. The bank maintains a strong solvency ratio with excess capital of Ps.351.9 billion.
Banco Macro S.A. (NYSE: BMA) reported its 2Q22 results, with a net income of Ps.4.1 billion, down 41% from 1Q22 and 45% from 2Q21. The return on average equity (ROAE) was 7.1%, while the return on average assets (ROAA) was 1.7%. Net operating income reached Ps.81.3 billion, an 8% increase QoQ. The bank's total deposits increased 8% QoQ to Ps.858.2 billion. A robust solvency ratio was reported, with excess capital of Ps.284.3 billion. Non-performing financing was low at 1.25% with a coverage ratio of 159.71%.
Banco Macro S.A. (NYSE: BMA) announced a cash dividend of AR $9,875,722,171.88, equivalent to AR $15.44 per share, to be paid on June 7, 2022. This represents 1,544.5% of the capital stock. Of the total dividends, AR $8,548,398,000 comes from income from prior fiscal years, exempt from a 35% tax withholding. The remaining AR $1,327,324,171.88 is subject to a 7% tax withholding, originating from income earned in fiscal years post-January 1, 2018. Shareholders must be listed by June 6, 2022, to qualify for the payout.
Banco Macro S.A. (NYSE: BMA) announced its financial results for 1Q22, showing a net income of Ps.6 billion, reflecting a 51% decrease from 4Q21 but a 77% increase from 1Q21. The annualized ROAE was 9% and ROAA was 2.2%. Operating income rose to Ps.36.6 billion, a 41% increase QoQ. However, financing to the private sector and total deposits both decreased by 8% QoQ. The bank maintains a strong solvency ratio with excess capital of Ps.236.6 billion, and its non-performing financing ratio stands at 1.64%.
Banco Macro S.A. (NYSE: BMA) has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2021. The report encompasses audited financial statements which can be accessed via the SEC's website or Banco Macro's Investor Relations website. Shareholders can request a hard copy of the complete annual financial statements at no cost. The document includes cautionary statements regarding forward-looking events that may differ from actual outcomes.
Banco Macro S.A. (NYSE: BMA) reported a net income of Ps.10.5 billion for 4Q21, a 30% increase from 3Q21 and a 120% rise from 4Q20. However, net income for FY2021 was down 26% at Ps.27.1 billion compared to FY2020. The bank's total deposits fell 1% quarter-over-quarter, while financing to the private sector increased by 4%. With a strong solvency ratio of 36.1% regulatory capital, Banco Macro's non-performing loans ratio stood at 1.3%, indicating robust asset quality.
Banco Macro S.A. (NYSE: BMA) reported its 3Q21 results with a net income of Ps.7.4 billion, a 46% increase from 2Q21. The annualized return on average equity (ROAE) was 10%, and the return on average assets (ROAA) was 2.2%. Financing to the private sector grew by 5% QoQ, totaling Ps.305.9 billion, while total deposits reached Ps.542.1 billion, up 1% from the previous quarter. The bank's solvency ratio stood strong with an excess capital of Ps.183 billion and a regulatory capital ratio of 37.2%. The non-performing loans ratio was 1.67%, with a coverage ratio of 175.9%.
Banco Macro S.A. reported a net income of Ps.4.6 billion for 2Q21, a 90% increase from 1Q21 but 50% lower than 2Q20. The bank's ROAE was 7.8% and ROAA was 1.7%. Financing to the private sector decreased by 7% QoQ to Ps.267.8 billion, and total deposits fell by 3% QoQ to Ps.492.3 billion. The non-performing loans ratio stood at 1.68%.
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