Banco Macro announces Results for the Fouth Quarter of 2024 

Buenos Aires, Argentina, February 26, 2025 – Banco Macro S.A. (NYSE: BMA; BYMA: BMA) (“Banco Macro” or “BMA” or the “Bank”) announced today its results for the fourth quarter ended December 31, 2024 (“4Q24”).  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 2023 and 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through December 31, 2024.

Summary

• THE BANK’S NET INCOME totaled Ps.102.2 billion in 4Q24. This result was 4%  or Ps.3.5 billion higher than the result posted in 3Q24. In 4Q24, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) were 7.5% and 2.4%, respectively.

•In 4Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.813.9 billion, 9% or Ps.81.9 billion lower than in 3Q24 and 72% or Ps.2.1 trillion lower than the same period of last year.

•In 4Q24, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.359.9 billion, 17% or Ps.76.2 billion lower than in 3Q24 and 84% or Ps.1.9 trillion lower than the same period of last year.

•In 4Q24, BANCO MACRO’S TOTAL FINANCING increased 18% or Ps.884.1 billion quarter over quarter (“QoQ”) totaling Ps.5.8 trillion and increased 45% or Ps.1.8 trillion year over year (“YoY”). In FY204 both peso an USD financing increased 14% and 29% respectively.  

•In 4Q24, BANCO MACRO’S TOTAL DEPOSITS decreased 3% or Ps.299.3 billion QoQ and increased 15% or Ps.1.1 trillion YoY, totaling Ps.8.4 trillion and representing 81% of the Bank’s total liabilities. Private sector deposits increased 2% or Ps.147 billion QoQ. In FY2024, Peso deposits increased 2% while USD deposits decreased, 18%.

• Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.2.8 trillion, 32.4% Capital Adequacy Ratio – Basel III and 31.6 % Tier 1 Ratio. In addition, the Bank’s LIQUID ASSETS remained at an adequate level, reaching 79% of its total deposits in 4Q24. 

• In 4Q24, the Bank’s NON-PERFORMING TO TOTAL FINANCING RATIO was 1.28% and the COVERAGE RATIO reached 158.8%.

• As of 4Q24, through its 515 branches and 9.004 employees Banco Macro serves 6.12 million retail customers (2.5 million digital customers) across 23 of the 24 Provinces in Argentina and over 201,233 corporate customers.

This press release includes statements concerning potential future events involving Banco Macro that could differ materially from the events that actually occur. The differences could be caused by a number of risks, uncertainties and factors relating to Banco Macro's business. Banco Macro will not update any forward-looking statements made in this press release to reflect future events or developments.

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Quarterly Conference Call

Thursday, February 27, 2025 
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time

To participate, please dial

Argentine Participants: 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 February 27 through March 13, 2025

IR Contact in Buenos Aires:
Jorge Scarinci | Chief Financial Officer
Nicolás A. Torres|Investor Relations

E-mail: investorelations@macro.com.ar | Phone: (5411) 5222 6682

About 
Banco Macro S.A (NYSE: BMA; BYMA: BMA) is a universal bank, with focus in low & mid-income individuals and small & mid-sized companies. The Bank started operating in 1985 as non-banking financial institution and today has grown to be the private local bank with the largest branch network in the country.

For further information access www.macro.com.ar/relaciones-inversores