Banco Macro SA (FRA:B4W)

Q4 2024 Banco Macro SA Earnings Call Transcript

Feb 27, 2025 / 04:00 PM GMT

Release Date Price: €77.5 (-5.49%)

Transcript

Key Points

Positve

Banco Macro SA (BUE:BMA) reported a significant increase in net income for the third quarter of 2024, totaling 91.3 billion pesos, which is a 293% increase compared to the same period in 2023.
The bank's net interest income rose by 167% quarter-on-quarter, driven by a 23% increase in interest income and a 40% decrease in interest expenses.
Loan growth was strong, with total financials reaching 4.55 trillion pesos, marking a 17% increase quarter-on-quarter and a 28% increase year-on-year.
The bank's capital adequacy ratio stood at a robust 32.8%, with a tier one ratio of 31.3%, indicating a strong capital position.
Banco Macro SA (BUE:BMA) maintained a high liquidity position, with a liquid assets to total deposit ratio of 91%.

Negative

The bank experienced a 50 billion pesos loss related to the exercise of put options on inflation-adjusted securities.
Provision for loan losses increased by 24% quarter-on-quarter and 53% year-on-year, totaling 23 billion pesos.
Interest income from loans decreased by 28% year-on-year, primarily due to a decrease in the average lending rate.
The bank's efficiency ratio deteriorated to 25.5% from 22.2% in the previous quarter, indicating higher expenses relative to income.
Net income from financial assets and liabilities at fair value through profit or loss decreased by 24% in the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BMAm.BA - Banco Macro SA
Q4 2024 Banco Macro SA Earnings Call
Feb 27, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Bank of Micros 3rd quarter 2024 earnings conference call. We would like to inform you that the 3rd quarter 2024 press release is available to download at the investor relations website at Bank of Macro at www.mcro.com.arar/acionesvesores.

Also, this event is being recorded, and all participants will be in listen-only mode during the company's presentation.

After the company's remarks are completed, there will be a question and answer session. At that time, further instructions will be given. Should any participant need assistance during the call, please press 0 to signal the operator.

It is now my pleasure

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