BMA · Banco Macro S.A.

Banco Macro delivered a robust first quarter 2026, with net income more than doubling to ARS 140.2 billion, compared to ARS 59.5 billion in the same period last year. The strong performance was driven by a 27% increase in net interest income to ARS 975.2 billion, supported by higher income from government securities, loans, and other financing activities. Net commissions income remained stable at ARS 204.2 billion, while net operating income rose 16% to ARS 1.23 trillion. Operating expenses grew moderately, with employee benefits and administrative expenses increasing 2.7% and 2.6% respectively, but operating income still improved 23.6% to ARS 569.8 billion. The bank maintained disciplined cost control, resulting in a net interest margin expansion. Basic earnings per share soared to ARS 219.33 from ARS 93.01 a year earlier. The balance sheet remained solid, with total assets of ARS 24.2 trillion and shareholders' equity of ARS 5.86 trillion. The bank continued its capital return policy, announcing a proposed cash dividend of ARS 217.33 per share, pending regulatory approval. Overall, Banco Macro's quarterly results reflect strong underlying fundamentals and a favorable operating environment in Argentina.