Welcome to our dedicated page for Banco Macro news (Ticker: BMA), a resource for investors and traders seeking the latest updates and insights on Banco Macro stock.
Banco Macro S.A. (NYSE: BMA), Argentina's leading domestic financial institution, maintains this dedicated news hub for stakeholders seeking authoritative updates on its operations. Access verified press releases and curated market analyses covering the bank's strategic initiatives within Argentina's dynamic economic environment.
This resource provides essential updates including quarterly earnings disclosures, regulatory compliance milestones, leadership changes, and service expansion announcements. Content is organized to reflect Banco Macro's dual focus on retail banking innovations and corporate financial solutions while addressing Argentina's unique banking requirements.
Key categories include financial performance trends, provincial government partnerships, digital transformation efforts, and responses to macroeconomic shifts. All materials are sourced from official Banco Macro communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined monitoring of Banco Macro's evolving market position. Combine these updates with Stock Titan's analytical tools to track the institution's role in Argentina's financial ecosystem.
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%.
