BUENOS
AIRES, Argentina, May 17, 2023
/PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco
Macro" or "BMA" or the "Bank") announced today its results for the
first quarter ended March 31, 2023
("1Q23"). All figures are in Argentine pesos (Ps.) and have
been restated in terms of the measuring unit current at the end of
the reporting period. As of 1Q20, the Bank began reporting results
applying Hyperinflation Accounting, in accordance with IFRS IAS 29
as established by the Central Bank. For ease of comparison, figures
of previous quarters of 2022 have been restated applying IAS 29 to
reflect the accumulated effect of the inflation adjustment for each
period through March 31, 2023.
Summary
- The Bank's net income totaled Ps.9.8 billion in
1Q23. This result was 52% lower than the Ps.20.2
billion posted in 4Q22 and 20% lower than the Ps.12.3 billion
posted in 1Q22. In 1Q23, the annualized return on average equity
("ROAE") and the annualized return on average assets ("ROAA") were
8.2% and 1.7%, respectively.
- In 1Q23 Operating Income (before G&A and personnel
expenses) totaled Ps.167.8 billion, 5% or Ps.8 billion higher than
in 4Q22 and 28% or Ps.36.7 billion higher than the same period of
last year.
- In 1Q23 Operating Income (after G&A and personnel
expenses) totaled Ps.104 billion, 9% or Ps.8.8 billion higher than
in 4Q22 and 39% or Ps.29.3 billion higher than the same period of
last year.
- In 1Q23, Banco Macro's financing to the private sector
decreased 4% or Ps.30 billion quarter over quarter ("QoQ") totaling
Ps.694.5 billion and decreased 8% or Ps.63.5 billion year over year
("YoY").
- In 1Q23, Banco Macro's total deposits decreased 7% or
Ps.112.6 billion QoQ and increased 6% or Ps.80.1 billion YoY,
totaling Ps.1.5 trillion and representing 81% of the Bank's total
liabilities. Private sector deposits decreased 6% or Ps.89.7
billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.520 billion, 42.4% regulatory capital ratio
– Basel III and 39.1 % Tier 1 Ratio. In addition, the Bank's liquid
assets remained at an adequate level, reaching 97% of its total
deposits in 1Q23.
- In 1Q23, the Bank's non-performing to total financing ratio
was 1.41% and the coverage ratio remained stable at
145.33%.
- As of 1Q23, through its 463 branches and 7.756 employees
Banco Macro serves 4.6 million retail customers (1.7 million
digital customers) across 23 of the 24 Provinces in Argentina and over 117,400 corporate
customers.
Earnings Release Conference Call
Thursday, May 18, 2023
Time: 11:00 a.m. Eastern Time |
12:00 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 05/18/2023 through
06/02/2023
IR Contacts in Buenos
Aires:
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
SOURCE Banco Macro S.A.