Macro Bank Inc 6-K, filed Aug 24, 2023

Macro Bank Inc. (BMA)

6-K 2023-08-24 For: 2023-08-23

View Original

Added on July 07, 2026

About this 6-K

Macro Bank Inc filed this 6-K on August 24, 2023.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

EARNINGS PER SHARE	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Net income -Parent Company- (M $)		8,935		15,699		25,035		12,102		44,161		265	%		394	%
Average # of shares outstanding (M)		639		639		639		639		639		0	%		0	%
Average #of treasury stocks (shares repurchased) (M)		-		-		-		-		-		0	%		0	%
Book value per avg. Outstanding share ($)		1,145		1,175		1,209		1,226		1,163		-5	%		2	%
Shares Outstanding (M)		639		639		639		639		639		0	%		0	%
Earnings per avg. outstanding share ($)		13.98		24.57		39.18		18.94		69.02		264	%		394	%

EOP FX (Pesos per USD)		125.2150		147.3150		177.1283		208.9883		256.6750		23	%		105	%
Book value per avg. issued ADS (USD)		91.44		79.76		68.26		58.66		45.31		-23	%		-50	%
Earnings per avg. outstanding ADS (USD)		1.12		1.67		2.21		0.91		2.69		197	%		141	%

INCOME STATEMENT	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Net Interest Income		115,858		112,208		125,973		120,887		107,942		-11	%		-7	%
Net fee income		25,728		25,172		25,714		27,271		26,339		-3	%		2	%
Net Interest Income + Net Fee Income		141,586		137,380		151,687		148,158		134,281		-9	%		-5	%
Net Income from financial instruments at fair value through P&L		15,918		45,123		-5,073		11,382		51,885		356	%		226	%
Income from assets at amortized cost		0		0		256		0		0		0	%		0	%
Differences in quoted prices of gold and foreign currency		11,597		28,332		46,104		45,394		75,826		67	%		554	%
Other operating income		8,229		6,620		8,677		7,075		7,651		8	%		-7	%
Provision for loan losses		1,665		2,519		3,814		4,306		5,520		28	%		232	%
Net Operating Income		175,665		214,936		197,837		207,703		264,123		27	%		50	%
Employee benefits		32,658		31,204		28,313		29,049		30,687		6	%		-6	%
Administrative expenses		14,715		14,661		15,680		14,421		17,193		19	%		17	%
Depreciation and impairment of assets		5,696		5,809		5,929		6,057		6,180		2	%		8	%
Other operating expenses		26,762		30,533		30,109		29,504		36,981		25	%		38	%
Operating Income		95,834		132,729		117,806		128,672		173,082		35	%		81	%
Result from associates & joint ventures		-86		-171		177		-272		-190		-			-
Result from net monetary postion		-82,347		-103,101		-85,843		-109,406		-109,429		0	%		33	%
Result before taxes from continuing operations		13,401		29,457		32,140		18,994		63,463		234	%		374	%
Income tax		4,466		13,758		7,105		6,892		19,302		180	%		332	%
Net income from continuing operations		8,935		15,699		25,035		12,102		44,161		265	%		394	%
				-		-
Net Income of the period		8,935		15,699		25,035		12,102		44,161		265	%		394	%
Net income of the period attributable to parent company		8,941		15,667		25,020		12,086		44,130		265	%		394	%
Net income of the period attributable to minority interest		-6		32		15		16		31		94	%		-
Other Comprehensive Income		-6,777		3,675		-3,763		-1,029		2,152		-			-
Foreign currency translation differences in financial statements conversion		-334		-314		218		-262		-61		-			-
Profits or losses from financial assets measured at fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a)		-6,443		3,989		-3,981		-767		2,213		-			-
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		2,158		19,374		21,272		11,073		46,313		318	%		2046	%
Total Comprehensive Income attributable to parent Company		2,164		19,342		21,257		11,057		46,282		319	%		2039	%
Total Comprehensive Income attributable to non-controlling interests		-6		32		15		16		31		94	%		-

FX INCOME	MACRO Consolidated						Variation
In MILLION $ (Measuring Unit Current at EOP)	2Q22		1Q23		2Q23		QoQ			YoY
(1) Differences in quoted prices of gold and foreign currency		11,597		45,394		75,826		67	%		554	%
Translation of FX assets and liabilities to Pesos		11,277		45,123		75,479		67	%		569	%
Income from foreign currency exchange		320		271		347		28	%		8	%

(2) Net Income from financial assets and liabilities at fair value through P&L		-		-516		-2430		371	%		-
Income from investment in derivative financing instruments		-		-516		-2,430		371	%		-

(1) +(2) Total Result from Differences in quoted prices of gold and foreign currency		11,597		44,878		73,396		64	%		533	%

INTEREST INCOME	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Interest on Cash and due from Banks		34		171		391		681		752		10	%		2112	%
Interest from government securities		115,669		137,305		183,426		167,224		165,290		-1	%		43	%
Interest from private securities		48		58		121		131		129		-2	%		169	%
Interest on loans and other financing
To the financial sector		169		147		259		132		247		87	%		46	%
To the public non financial sector		554		528		501		479		3,230		574	%		483	%
Interest on overdrafts		8,298		11,562		12,005		11,559		15,970		38	%		92	%
Interest on documents		8,002		10,906		11,926		11,241		13,909		24	%		74	%
Interest on mortgages loans		15,148		15,029		14,683		13,621		17,087		25	%		13	%
Interest on pledged loans		1,182		1,067		925		993		1,121		13	%		-5	%
Interest on personal loans		34,157		32,836		32,772		32,118		30,386		-5	%		-11	%
Interest on credit cards loans		13,789		15,307		19,393		22,512		23,395		4	%		70	%
Interest on financial leases		100		133		171		143		121		-15	%		21	%
Interest on other loans		8,399		10,465		12,208		13,823		17,131		24	%		104	%
Interest on Repos
From the BCRA		1,242		6,772		10,021		8,309		18,353		121	%		1378	%
Other financial institutions		266		128		496		20		0		-100	%		-100	%
Total Interest income		207,057		242,414		299,298		282,986		307,121		9	%		48	%

Income from Interest on loans		89,075		97,305		104,083		106,010		119,120		12	%		34	%

INTEREST EXPENSE	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Deposits
Interest on checking accounts		2,852		5,936		13,444		7,316		13,414		83	%		370	%
Interest on saving accounts		1,448		1,601		1,695		1,586		2,141		35	%		48	%
Interest on time deposits		83,902		120,243		155,569		149,254		178,600		20	%		113	%
Interest on other financing from BCRA and financial inst.		156		210		284		263		220		-16	%		41	%
Repos
Other financial institutions		689		155		78		1,535		2,266		48	%		229	%
Interest on corporate bonds		122		20		20		20		20		0	%		-84	%
Interest on subordinated bonds		1,739		1,695		1,703		1,663		1,620		-3	%		-7	%
Interest on other financial liabilities		291		346		532		462		898		94	%		209	%
Total financial expense		91,199		130,206		173,325		162,099		199,179		23	%		118	%

Expenses from interest on deposits		88,202		127,780		170,708		158,156		194,155		23	%		120	%

ASSETS & LIABILITIES PERFORMANCE (AR$)	MACRO Consolidated
In MILLION $	2Q22								3Q22								4Q22								1Q23								2Q23
(Measuring Unit Current at EOP)	AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL
Yields & rates in annualized nominal %	BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE
Interest-earning assets
Loans & Other Financing
Public Sector		4,965		-14.5	%		44.8	%		4,845		-23.5	%		43.2	%		3,985		-11.1	%		49.9	%		3,290		-15.5	%		59.0	%		15,072		-4.8	%		86.0	%
Financial Sector		1,941		-20.5	%		34.7	%		1,703		-28.3	%		34.2	%		2,136		-12.3	%		47.9	%		1,320		-25.8	%		39.6	%		1,867		-22.2	%		52.0	%
Private Sector		862,489		-17.5	%		39.7	%		856,748		-23.5	%		43.2	%		805,374		-11.6	%		49.1	%		782,003		-18.8	%		52.7	%		759,626		-18.0	%		60.3	%
Other debt securities
Central Bank Securities (Leliqs)		564,033		-10.7	%		51.2	%		676,746		-9.8	%		68.8	%		733,393		6.3	%		79.2	%		723,371		-6.3	%		76.2	%		692,675		-4.3	%		86.9	%
Government & Private Securities		369,077		-13.0	%		47.4	%		185,927		-24.0	%		42.2	%		247,360		-5.5	%		59.3	%		217,157		-16.1	%		57.8	%		121,299		-24.0	%		48.5	%
Repos		16,001		-18.7	%		37.8	%		45,738		-14.6	%		59.9	%		59,706		0.8	%		69.9	%		47,415		-9.0	%		71.2	%		83,608		-3.8	%		88.0	%
Total interest-earning assets		1,818,506		-14.5	%		44.8	%		1,771,707		-18.1	%		53.3	%		1,851,954		-3.3	%		63.0	%		1,774,556		-13.1	%		63.4	%		1,674,147		-11.9	%		72.1	%

Fin. Assets through P&L and equity inv.		108,740		-41.2	%		-0.4	%		92,553		-58.4	%		-22.2	%		56,547		-71.5	%		-52.0	%		27,966		-35.4	%		21.5	%		10,014		303.5	%		688.4	%
Other Non interest-earning assets		210,257								232,991								181,273								179,239								162,241
Total Non interest-earning assets		318,997								325,544								237,820								207,205								172,255
Total Average Assets		2,137,503								2,097,251								2,089,774								1,981,761								1,846,402

Interest-bearing liabilities
Deposits
Public Sector		93,737		-20.9	%		34.0	%		110,026		-21.6	%		46.8	%		121,850		-5.6	%		59.1	%		83,633		-14.7	%		60.4	%		81,886		-11.9	%		72.1	%
Private Sector		997,566		-21.9	%		32.3	%		1,081,510		-24.1	%		42.1	%		1,193,443		-10.6	%		50.7	%		1,141,945		-19.4	%		51.7	%		1,177,857		-17.5	%		61.1	%
BCRA and other financial institutions		1,638		-18.4	%		38.2	%		1,131		-7.2	%		73.7	%		1,130		18.3	%		99.4	%		649		40.5	%		164.3	%		447		52.2	%		197.4	%
Corporate bonds		3,057		-32.6	%		14.2	%		0		0.0	%		0.0	%		0		0.0	%		0.0	%		0		0.0	%		0.0	%		0		0.0	%		0.0	%
Repos		7,906		-20.3	%		35.0	%		1,339		-22.1	%		45.9	%		576		-8.8	%		53.7	%		9,725		-12.8	%		64.0	%		12,019		-10.1	%		75.6	%
Other financial liabilities		7511		-0.321			0.15			5552		-0.351			0.214			141584		-0.399			0.014			150451		-0.463			0.011			180268		-0.479			0.018
Total int.-bearing liabilities		1,111,415		-21.9	%		32.3	%		1,199,558		-23.9	%		42.5	%		1,458,583		-13.0	%		46.7	%		1,386,403		-21.9	%		46.9	%		1,452,477		-20.9	%		54.5	%

Total non int.-bearing liabilities		600,154								556,421								414,164								369,230								382,151

Total Average Liabilities		1,711,569								1,755,979								1,872,747								1,755,633								1,834,628

Assets Performance				203,110								237,998								294,202								277,435								300,765
Liabilities Performance				89,415								128,428								171,560								160,347								197,448
Net Interest Income				113,695								109,570								122,642								117,088								103,317
Total interest-earning assets				1,818,506								1,771,707								1,851,954								1,774,556								1,674,147
Net Interest Margin (NIM)				25.1	%							24.5	%							26.3	%							26.8	%							24.8	%

ASSETS & LIABILITIES PERFORMANCE USD	MACRO Consolidated
In MILLION $	2Q22								3Q22								4Q22								1Q23								2Q23
(Measuring Unit Current at EOP)	AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL			AVERAGE		REAL INT			NOMINAL
Yields & rates in annualized nominal %	BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE			BALANCE		RATE			INT RATE
Interest-earning assets
Cash and Deposits in Banks		119,492		-10.5	%		0.1	%		115,637		-8.6	%		0.6	%		115,778		8.3	%		1.3	%		113,685		-5.9	%		2.4	%		112,963		0.7	%		2.7	%
Loans & Other Financing
Financial Sector		72		-5.6	%		5.6	%		0		0.0	%		0.0	%		47		15.9	%		8.4	%		210		-2.7	%		5.8	%		290		4.8	%		6.9	%
Private Sector		42,730		21.1	%		35.5	%		47,185		21.7	%		34.0	%		49,735		45.1	%		35.7	%		55,652		21.2	%		31.8	%		56,320		32.5	%		35.2	%
Other debt securities
Central Bank		0		0			0			6,762		0			0			57,486		0.0	%		0.0	%		45860		0			0			63876		0			0
Government & Private Securities		86,288		-10.1	%		0.6	%		39,520		-7.4	%		2.0	%		13,523		14.1	%		6.7	%		16,882		3.0	%		12.0	%		15,697		14.6	%		16.9	%
Total interest-earning assets		248,582		-4.9	%		6.4	%		209,104		-1.5	%		8.4	%		236,569		16.0	%		8.5	%		232,289		0.8	%		9.7	%		249,146		8.0	%		10.2	%

Fin. Assets through P&L and equity inv.		7,362		770.2	%		873.3	%		138,377		121.8	%		144.2	%		246,456		11.0	%		3.8	%		272,964		6.2	%		15.5	%		423,971		32.4	%		35.1	%
Other Non interest-earning assets		416,148								397,580								402,069								421,463								404,129
Total Non interest earning assets		423,510								535,957								648,525								694,427								828,100
Total Average Assets		672,092								738,299								827,608								880,856								1,013,370

Interest-bearing liabilities
Deposits
Public Sector		8,779		-10.5	%		0.1	%		6,835		-9.1	%		0.1	%		6,758		7.0	%		0.1	%		6,693		-8.0	%		0.1	%		6,346		-1.9	%		0.1	%
Private Sector		152,920		-10.6	%		0.0	%		133,839		-9.2	%		0.0	%		139,926		6.9	%		0.0	%		151,226		-8.1	%		0.0	%		131,860		-2.0	%		0.0	%
BCRA and other financial institutions		1,173		-7.2	%		3.8	%		3,885		-4.9	%		4.7	%		3,196		10.2	%		3.1	%		4,123		-3.5	%		5.0	%		4,487		4.5	%		6.6	%
Issued corporate bonds		2,812		-8.8	%		2.0	%		3,936		-7.4	%		2.0	%		3,944		9.1	%		2.0	%		3,935		-6.1	%		2.1	%		3,630		0.2	%		2.2	%
Subordinated bonds		109,177		-4.9	%		6.4	%		104,431		-3.4	%		6.4	%		104,605		13.9	%		6.5	%		104,450		-2.1	%		6.5	%		100,377		4.4	%		6.5	%
Total int.-bearing liabilities		274,861		-8.3	%		2.6	%		252,926		-6.6	%		2.8	%		258,429		9.8	%		2.7	%		270,427		-5.7	%		2.6	%		246,700		0.8	%		2.8	%

Total non int.-bearing liabilities		116,213								120,957								115,387								131,281								129,460

Total Average liabilities		391,074								373,883								373,816								401,708								376,160

Assets Performance				3,947								4,416								5,096								5,550								6,356
Liabilities Performance				1,784								1,778								1,765								1,752								1,731
Net Interest Income				2,163								2,638								3,331								3,798								4,625
Total interest-earning assets				248,582								209,104								236,569								232,289								249,146
Net Interest Margin (NIM)				3.5	%							5.0	%							5.6	%							6.6	%							7.4	%

NET INCOME FROM FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Profit or loss from government securities		6,240		32,208		-14,353		15,978		43,942		175	%		604	%
Profit or loss from private securities		8,784		12,457		8,121		-3,781		7,999		-			-9	%
Profit or loss from investment in derivative financing instruments		15		186		933		241		418		73	%		2687	%
Profit or loss from other financial assets		-10		-61		37		21		151		619	%		-
Profit or loss from investment in equity instruments		572		-144		76		63		-38		-160	%		-107	%
Profit or loss from the sale of financial assets at fair value		317		477		113		-624		1,843		-			481	%
Income from financial assets at fair value through profit or loss		15,918		45,123		-5,073		11,898		54,315		357	%		241	%

Profit or loss from derivative financing instruments		-		-		-		-516		-2,430		-			-
Income from financial liabilities at fair value through profit or loss		-		-		-		-516		-2,430		-			-

NET INCOME FROM FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS		15,918		45,123		-5,073		11,382		51,885		356	%		226	%

PERSONNEL & ADMINISTRATIVE EXPENSES	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Employee benefits		32,658			31,204			28,313			29,049			30,687			6	%		-6	%
Remunerations		22,917			21,211			19,738			19,581			21,031			7	%		-8	%
Social Security Contributions		5,393			5,395			5,244			4,980			5,076			2	%		-6	%
Compensation and bonuses		3,226			3,551			2,353			3,514			3,546			1	%		10	%
Employee services		1,122			1,047			978			974			1,034			6	%		-8	%
Administrative Expenses		14,715			14,661			15,680			14,421			17,193			19	%		17	%
Taxes		2,471			2,533			2,481			2,448			2,662			9	%		8	%
Maintenance, conservation fees		2,310			2,317			2,521			2,232			2,397			7	%		4	%
Directors & statutory auditors fees		477			646			1,155			582			1,947			235	%		308	%
Security services		1,394			1,407			1,422			1,379			1,377			0	%		-1	%
Electricity & Communications		1,291			1,322			1,231			1,319			1,275			-3	%		-1	%
Other professional fees		1,318			1,355			1,734			1,562			1,724			10	%		31	%
Rental agreements		71			59			60			57			73			28	%		3	%
Advertising & publicity		1,208			770			958			590			961			63	%		-20	%
Personnel allowances		226			291			344			297			315			6	%		39	%
Stationary & Office Supplies		100			96			117			129			113			-12	%		13	%
Insurance		148			164			143			119			148			24	%		0	%
Hired administrative services		88			112			105			103			446			333	%		407	%
Other		3,613			3,589			3,409			3,604			3,755			4	%		4	%
Total Administrative Expenses		47,373			45,865			43,993			43,470			47,880			10	%		1	%

Total Employees		7,925			7,857			7,796			7,756			7,797
Branches		466			466			467			463			462
Efficiency ratio		32.7	%		25.8	%		27.2	%		25.5	%		21.7	%

Accumulated efficiency ratio		31.2	%		29.1	%		28.6	%		25.5	%		23.4	%

OPERATING RESULT	MACRO consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Operating Result (exc. Loss from net monetary position)		95,834		132,729		117,806		128,672		173,082		35	%		81	%
Result from net monetary position (i.e. inflation adjustment)		-82,347		-103,101		-85,843		-109,406		-109,429		0	%		33	%
Operating Result (Inc. Loss from net monetary position)		13,401		29,457		32,140		18,994		63,463		234	%		374	%

LOANS AND OTHER FINANCING	MACRO Consilidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Public Sector		6,990			3,145			3,325			1,745			18,564			964	%		166	%
Finacial Sector		1,581			1,659			1,397			2,298			2,108			-8	%		33	%
Financial Sector		1,587			1,666			1,409			2,313			2,127			-8	%		34	%
Less: Expected Credit Losses		-6			-7			-12			-15			-19			27	%		217	%
Private Sector		960,488			893,601			897,258			859,682			872,502			1	%		-9	%
Overdrafts		88,579			75,187			74,211			66,589			88,134			32	%		-1	%
Discounted documents		109,544			119,987			123,218			124,319			137,997			11	%		26	%
Mortgage loans		101,683			93,456			93,281			88,397			87,293			-1	%		-14	%
Pledged loans		17,995			14,700			14,437			13,578			13,680			1	%		-24	%
Personal loans		260,908			230,892			214,766			199,031			175,232			-12	%		-33	%
Credit Card loans		289,303			272,369			287,469			267,588			263,649			-1	%		-9	%
Leasing		1,372			1,895			2,090			1,665			1,436			-14	%		5	%
Others		109,922			101,840			104,352			115,856			122,868			6	%		12	%
Less: Expected Credit Losses		-18,818			-16,725			-16,566			-17,341			-17,787			3	%		-5	%
Total loans and other financing		969,059			898,405			901,980			863,725			893,174			3	%		-8	%

Total loans in Pesos		916,049			852,294			847,825			799,322			834,140			4	%		-9	%

Total loans in foreign currency		53,010			46,111			54,155			64,403			59,034			-8	%		11	%

EOP FX (Pesos per USD)		125.2150			147.3150			177.1283			208.9883			256.6750			23	%		105	%

Total loans in foreign currency (USD)		423			313			306			308			230			-25	%		-46	%
USD financing / Financing to the private sector		5	%		5	%		6	%		7	%		7	%

PUBLIC SECTOR ASSETS	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Central Bank Notes		46,595.00			62,439			18,241			-			-			-			-100	%
Leliqs		606,214			738,267			740,631			797,024			612,559			-23	%		1	%
Other		557,144			552,674			580,087			510,876			694,895			36	%		25	%
Government securities		1,209,953			1,353,380			1,338,959			1,307,900			1,307,454			0	%		8	%
Provincial loans		6,233			2,529			2,594			1,157			17,739			1433	%		185	%
Loans		6,233			2,529			2,594			1,157			17,739			1433	%		185	%

TOTAL PUBLIC SECTOR ASSETS		1,216,186			1,355,909			1,341,553			1,309,057			1,325,193			1	%		9	%

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC/NOBAC/LELIQ)		563,377			555,203			582,681			512,033			712,634			39	%		26	%

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC/NOBAC/LELIQ)/TOTAL ASSETS		19.0	%		17.8	%		18.5	%		17.0	%		22.4	%

OTHER SOURCES OF FUNDS	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Central Bank of Argentina		70		55		70		61		53		-13	%		-24	%
Banks and international institutions		4,151		3,097		3,590		5,470		3,400		-38	%		-18	%
Financing received from Argentine financial institutions		904		1,147		31		48		488		917	%		-46	%
Subordinated corporate bonds		110,016		107,799		108,686		106,939		104,299		-2	%		-5	%
Corporate bonds		4,106		4,074		4,092		4,068		3,270		-20	%		-20	%
Shareholders' equity		731,508		750,850		772,107		783,163		742,836		-5	%		2	%
Total other source of funds		850,755		867,022		888,576		899,749		854,346		-5	%		0	%

LIQUID ASSETS	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Cash		391,712			355,352			376,838			368,382			331,679			-10	%		-15	%
Guarantees for compensating chambers		36,816			40,396			37,406			31,741			25,336			-20	%		-31	%
Call		-			-			-			743.00			80			-			-
Leliq own portfolio		606,214			738,267			740,631			792,915			612,559			-23	%		1	%
Net Repos		66,736			109,807			93,316			44,715			135,119			202	%		-
Other government & private securities		557,144			552,674			580,087			510,876			694,895			36	%		25	%
Total		1,658,622			1,796,496			1,828,278			1,749,372			1,799,668			3	%		9	%

Liquid assets to total deposits		90	%		90	%		94	%		97	%		95	%

MINIMUM CAPITAL REQUIREMENT	MACRO Consolidated															Change
In MILLION $	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Credit risk requirement		45,204			52,233			60,581			73,119			92,213			26	%		104	%
Market risk requirement		4,643			9,998			11,709			11,531			25,821			124	%		456	%
Operational risk requirement		21,817			26,568			32,771			38,935			48,802			25	%		124	%
Total capital requirements		71,664			88,800			105,061			123,585			166,836			35	%		133	%

Ordinary Capital Level 1 (COn1)		336,826			418,322			500,504			627,056			717,831			14	%		113	%
Deductible concepts Level 1 (COn1)		-21,154			-24,630			-27,620			-33,553			-41,726			24	%		97	%
Capital Level 2 (COn2)		40,243			47,051			42,447			50,063			61,480			23	%		53	%
Integrated capital - RPC (i)		355,914			440,743			515,330			643,566			737,585			15	%		107	%

Excess capital		284,250			351,943			410,269			519,981			570,749			10	%		101	%

Risk-weighted assets - RWA (ii)		879,341			1,090,977			1,291,206			1,518,189			2,051,880			35	%		133	%

Regulatory Capital ratio [(i)/(ii)]		40.5	%		40.4	%		39.9	%		42.4	%		35.9	%

Ratio TIER 1 [Capital Level 1/RWA]		35.9	%		36.1	%		36.6	%		39.1	%		33.0	%

NET FEE INCOME	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Fees charged on deposit accounts		10,617		10,459		10,712		11,134		10,871		-2	%		2	%
Credit card fees		5,122		5,213		5,595		6,569		6,138		-7	%		20	%
Corporate services fees		3,815		4,016		3,932		4,361		4,264		-2	%		12	%
ATM transactions fees		2,516		2,362		2,149		2,037		1,758		-14	%		-30	%
Insurance fees		1,698		1,487		1,531		1,621		1,515		-7	%		-11	%
Debit card fees		1,845		1,817		1,606		1,363		1,246		-9	%		-32	%
Financial agent fees (Provinces)		1,637		1,541		1,624		1,477		1,663		13	%		2	%
Credit related fees		715		625		771		705		841		19	%		18	%
Mutual funds & securities fees		443		363		556		712		824		16	%		86	%
AFIP & Collection services		93		87		79		72		59		-18	%		-37	%
ANSES fees		36		27		23		18		15		-17	%		-58	%
Total fee income		28,537		27,997		28,578		30,069		29,194		-3	%		2	%

Total fee expense		2,809		2,825		2,864		2,798		2,855		2	%		2	%

Net fee income		25,728		25,172		25,714		27,271		26,339		-3	%		2	%

OTHER OPERATING INCOME	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Credit and debit cards		491		516		1,264		787		935		19	%		90	%
Lease of safe deposit boxes		819		770		770		865		813		-6	%		-1	%
Other service related fees		1,944		1,980		2,528		2,197		2,427		10	%		25	%
Other adjustments and interest from other receivables		1,346		1,715		1,970		1,818		1,927		6	%		43	%
Initial recognition of loans		-901		-178		0		0		0		-			-
Sale of property, plant and equipment		0		0		53		7		57		714	%		-
Others		4,523		1,820		2,129		1,401		1,492		6	%		-67	%
Other Operating Income		8,229		6,620		8,677		7,075		7,651		8	%		-7	%

OTHER OPERATING EXPENSES	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Turnover Tax		14,297		16,649		17,297		17,322		20,357		18	%		42	%
Other provision charges		1,141		1,801		-433.00		819		966		18	%		-15	%
Deposit Guarantee Fund Contributions		695		720		773		750		698		-7	%		0	%
Donations		28		246		42		256		198		-23	%		607	%
Insurance claims		126		172		224		284		285		0	%		126	%
Initial loan recognition		0		680		172		270		3,618		1240	%		100	%
Others		10,475		10,265		12,034		9,803		10,859		11	%		4	%
Other Operating Expenses		26,762		30,533		30,109		29,504		36,981		25	%		38	%

DEPOSITS	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Public sector		180,609			238,196			165,678			137,471			132,458			-4	%		-27	%

Financial sector		2,637			2,251			2,491			2,365			2,940			24	%		11	%

Private sector		1,666,758			1,746,836			1,783,749			1,672,734			1,767,396			6	%		6	%
Checking accounts		286,887			263,500			239,770			207,318			193,085			-7	%		-33	%
Savings accounts		510,282			553,431			632,470			523,678			602,496			15	%		18	%
Time deposits		733,051			818,319			857,410			915,816			936,284			2	%		28	%
Other		112,261			88,114			30,866			2,162			12,786			491	%		-89	%
Total		1,850,004			1,987,283			1,951,918			1,812,570			1,902,794			5	%		3	%

Pesos		1,590,361			1,757,047			1,694,221			1,559,193			1,665,488			7	%		5	%
Foreign Currency (Pesos)		259,643			230,236			257,697			253,377			237,306			-6	%		-9	%

EOP FX (Pesos per USD)		125.2150			147.3150			177.1283			208.9883			256.6750			23	%		105	%
Foreign Currency (USD)		2,074			1,563			1,455			1,212			925			-24	%		-55	%

USD Deposits / Total Deposits		14	%		12	%		13	%		14	%		12	%

ASSET QUALITY	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22			3Q22			4Q22			1Q23			2Q23			QoQ			YoY
Commercial portfolio		210,730			183,291			170,399			169,753			217,622			28	%		3	%
Non-performing		2,688			2,616			3,325			2,937			2,566			-13	%		-5	%
Consumer portfolio		792,005			747,635			763,543			731,113			724,906			-1	%		-8	%
Non-performing		9,848			9,240			8,375			9,805			10,343			5	%		5	%
Total portfolio		1,002,735			930,926			933,942			900,866			942,528			5	%		-6	%
Non-performing		12,536			11,856			11,700			12,742			12,909			1	%		3	%
Commercial non-perfoming ratio		1.28	%		1.43	%		1.95	%		1.73	%		1.18	%
Consumer non-perfoming ratio		1.24	%		1.24	%		1.10	%		1.34	%		1.43	%

Total non-performing/ Total portfolio		1.25	%		1.27	%		1.25	%		1.41	%		1.37	%

Total allowances		20,010			18,144			17,740			18,503			18,854			2	%		-6	%
Coverage ratio w/allowances		159.62	%		153.04	%		151.62	%		145.21	%		146.05	%
Write Offs		1,188			1,287			960			567			1,760			210	%		48	%
Write Offs/ Total portfolio		0.12	%		0.14	%		0.10	%		0.06	%		0.19	%

CER EXPOSURE	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
CER adjustable ASSETS

Government Securities		402,697		279,960		207,903		42,984		62,645		46	%		-84	%

Loans (*)		71,325		67,904		67,935		65,377		65,835		1	%		-8	%
Private sector loans		15,103		12,479		11,035		10,026		9,556		-5	%		-37	%
Mortgage loans (UVA adjusted)		56,170		55,376		56,859		55,296		56,222		2	%		0	%
Other loans		52		49		41		55		57		4	%		10	%
Total CER adjustable assets		474,022		347,864		275,838		108,361		128,480		19	%		-73	%

CER adjustable LIABILITIES
Deposits (*)		35,009		28,513		18,480		10,401		7,283		-30	%		-79	%
UVA Unemployment fund		5,566		6,108		6,576		6,887		7,506		9	%		35	%
Total CER adjustable liabilities		40,575		34,621		25,056		17,288		14,789		-14	%		-64	%

NET CER EXPOSURE		433,447		313,243		250,782		91,073		113,691		25	%		-74	%

FOREIGN CURRENCY POSITION	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
Cash and deposits in Banks		320,862		295,125		317,386		298,662		276,584		-7	%		-14	%
Cash		29,579		27,268		8,230		10,382		50,712		388	%		71	%
Central Bank of Argentina		173,019		148,866		190,200		187,991		125,386		-33	%		-28	%
Other financial institutions local and abroad		118,047		118,973		118,937		100,272		100,341		0	%		-15	%
Others		217		18		19		17		145		753	%		-33	%
Financial instruments at fair value through P&L		10,517		259,102		268,116		344,292		577,971		68	%		5396	%
Other financial assets		21,204		20,736		23,618		26,108		26,355		1	%		24	%
Loans and other financing		53,010		46,111		54,155		64,403		59,034		-8	%		11	%
Non financial private sector & foreign residents		53,010		46,111		54,155		64,403		59,034		-8	%		11	%
Other debt securities		84,788		71,828		81,119		49,435		103,506		109	%		22	%
Guarantees received		5,692		6,016		7,380		7,265		9,379		29	%		65	%
Investment in equity instruments		155		215		241		243		180		-26	%		16	%
Total Assets		496,228		699,133		752,015		790,408		1,053,009		33	%		112	%
Deposits		259,643		230,236		257,697		253,377		237,306		-6	%		-9	%
Non financial public sector		10,960		9,462		9,287		9,981		9,770		-2	%		-11	%
Financial sector		2,132		2,057		2,108		2,044		2,256		10	%		6	%
Non financial private sector & foreign residents		246,551		218,717		246,302		241,352		225,280		-7	%		-9	%
Financial liabiities at fair value through P&L		1,158		1,180		793		3,066		1,437		-53	%		24	%
Other liabilities from financial intermediation		20,149		21,498		24,258		25,846		26,597		3	%		32	%
Financing from the Central Bank and other fin. Inst		4,162		3,124		3,613		5,516		3,488		-37	%		-16	%
Issued corporate bonds		4,106		4,074		4,092		4,068		3,270		-20	%		-20	%
Subordinated corporate bonds		110,016		107,799		108,686		106,939		104,299		-2	%		-5	%
Other non financial liabilities		131		111		80		163		857		426	%		554	%
Total Liabilities		399,365		368,022		399,219		398,975		377,254		-5	%		-6	%

NET FX POSITION (Pesos)		96,863		331,111		352,796		391,433		675,755		73	%		598	%
EOP FX (Pesos per USD)		125.2150		147.3150		177.1283		208.9883		256.6750		23	%		105	%
NET FX POSITION (USD)		774		2,248		1,992		1,873		2,633		41	%		240	%

Year 2023
Installment	Local Payment Date	Dual Bond TDA24 Nominal Value to be delivered
1	May 31^st	57,780,007.29
2	June 9^th	57,780,007.29
3	July 3^rd	57,780,007.29
4	August 1^st	57,780,007.29
5	September 1^st	57,780,007.29
6	October 2^nd	57,780,007.29

QUARTERLY BALANCE SHEET	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	2Q22		3Q22		4Q22		1Q23		2Q23		QoQ			YoY
ASSETS
Cash and deposits in Banks		391,712		355,352		376,838		368,382		331,679		-10	%		-15	%
Cash		62,562		59,365		41,607		43,559		79,232		82	%		27	%
Central Bank of Argentina		210,863		176,723		216,268		224,370		151,953		-32	%		-28	%
Other local & foreign entities		118,071		119,246		118,945		100,436		100,349		0	%		-15	%
Other		216		18		18		17		145		753	%		-33	%
Debt securities at fair value through profit & loss		212,084		316,662		318,019		355,203		586,706		65	%		177	%
Derivatives		21		244		65		1		264		-100	%		1157	%
Repo Transactions		67,475		110,426		93,316		48,421		135,280		179	%		100	%
Other financial assets		60,522		57,314		87,312		102,105		137,277		34	%		127	%
Loans & other receivables		969,059		898,405		901,980		863,725		893,174		3	%		-8	%
Non Financial Public Sector		6,990		3,145		3,325		1,745		18,564		964	%		166	%
Financial Sector		1,581		1,659		1,397		2,298		2,108		-8	%		33	%
Non Financial private sector and foreign		960,488		893,601		897,258		859,682		872,502		1	%		-9	%
Other debt securities		1,013,797		1,117,600		1,111,284		1,007,565		838,562		-17	%		-17	%
Financial assets in guarantee		44,120		48,176		46,139		46,416		42,710		-8	%		-3	%
Income tax assets		2,742		0		0		0		0
Investments in equity instruments		1,262		1,197		1,265		1,328		1,417		7	%		12	%
Investments in other companies (subsidiaries and joint ventures)		1,484		1,703		1,720		1,846		1,119		-39	%		-25	%
Property, plant and equipment		153,841		152,948		153,490		154,016		153,852		0	%		0	%
Intangible assets		26,048		26,541		26,278		26,995		27,007		0	%		4	%
Deferred income tax assets		214		159		111		110		155		41	%		-28	%
Other non financial assets		12,787		23,634		18,763		18,886		18,161		-4	%		42	%
Non-current assets held for sale		9,468		9,301		13,345		13,035		13,035		0	%		38	%
TOTAL ASSETS		2,966,636		3,119,662		3,149,925		3,008,034		3,180,398		6	%		7	%

LIABILITIES
Deposits		1,850,004		1,987,283		1,951,918		1,812,570		1,902,794		5	%		3	%
Non Financial Public Sector		180,609		238,196		165,678		137,471		132,458		-4	%		-27	%
Financial Sector		2,637		2,251		2,491		2,365		2,940		24	%		11	%
Non Financial private sector and foreign		1,666,758		1,746,836		1,783,749		1,672,734		1,767,396		6	%		6	%
Liabilities at fair value through profit & loss		1,164		1,180		793		3,066		1,437		-53	%		23	%
Derivatives		2		3		4		124		11		-91	%		450	%
Repo Transactions		739		620		-		5,553		7,289		-			-86	%
Other financial liabilities		152,092		150,183		203,557		189,394		235,305		24	%		55	%
Financing received from Central Bank and Other Financial Institutions		5,125		4,299		3,691		5,579		3,941		-29	%		-23	%
Issued Corporate Bonds		4,106		4,074		4,092		4,068		3,270		-20	%		-20	%
Current income tax liabilities		1,381		11,899		16,348		14,091		22,693		61	%		1543	%
Subordinated corporate bonds		110,016		107,799		108,686		106,939		104,299		-2	%		-5	%
Provisions		5,055		5,556		4,088		3,919		3,630		-7	%		-28	%
Deferred income tax liabilities		20,614		23,289		20,008		20,488		19,769		-4	%		-4	%
Other non financial liabilities		84,755		72,514		64,505		58,936		133,021		126	%		57	%
TOTAL LIABILITIES		2,235,053		2,368,699		2,377,690		2,224,727		2,437,459		10	%		9	%

SHAREHOLDERS' EQUITY
Capital Stock		639		639		639		639		639		0	%		0	%
Issued Shares premium		12,430		12,430		12,430		12,430		12,430		0	%		0	%
Adjustment to Shareholders' Equity		267,739		267,739		267,739		267,739		267,739		0	%		0	%
Reserves		426,194		426,194		426,194		426,194		404,346		-5	%		-5	%
Retained earnings		206		206		206		65,057		295		-100	%		43	%
Other accumulated comprehensive income		136		3,811		48		-981		1,171		-			-
Net income for the period / fiscal year		24,164		39,831		64,851		12,085		56,216		365	%		133	%
Shareholders' Equity attributable to parent company		731,508		750,850		772,107		783,163		742,836		-5	%		2	%

Shareholders' Equity attributable to non controlling interest		75		113		128		144		103		-28	%		37	%
TOTAL SHAREHOLDERS' EQUITY		731,583		750,963		772,235		783,307		742,939		-5	%		2	%

QUARTERLY ANNUALIZED RATIOS	MACRO Consolidated
	2Q22			3Q22			4Q22			1Q23			2Q23
Profitability & performance
Net interest margin		24.7	%		28.1	%		32.7	%		33.6	%		38.3	%
Net interest margin adjusted (exc. FX)		22.5	%		22.5	%		23.9	%		24.4	%		22.5	%
Net fee income ratio		11.7	%		7.2	%		8.9	%		8.4	%		5.2	%
Efficiency ratio		32.7	%		25.8	%		27.2	%		25.5	%		21.7	%
Net fee income as % of A&G Expenses		35.7	%		27.9	%		32.7	%		32.9	%		23.9	%
Return on average assets		1.3	%		2.2	%		3.3	%		1.7	%		6.1	%
Return on average equity		5.1	%		8.7	%		13.6	%		6.5	%		24.8	%
Liquidity
Loans as a percentage of total deposits		52.4	%		45.2	%		46.2	%		47.7	%		46.9	%
Liquid assets as a percentage of total deposits		90.0	%		90.0	%		94.0	%		97.0	%		95.0	%
Capital
Total equity as a percentage of total assets		24.7	%		24.1	%		24.5	%		26.0	%		23.4	%
Regulatory capital as % of APR		40.5	%		40.4	%		39.9	%		42.4	%		36.0	%
Asset Quality
Allowances over total loans		2.1	%		2.0	%		2.0	%		2.1	%		2.2	%
Non-performing financing as a percentage of total financing		1.3	%		1.3	%		1.3	%		1.4	%		1.4	%
Coverage ratio w/allowances		159.6	%		153.0	%		151.6	%		145.2	%		146.1	%
Cost of Risk		0.7	%		1.1	%		1.8	%		2.1	%		2.7	%

ACCUMULATED ANNUALIZED RATIOS	MACRO Consolidated
	2Q22			3Q22			4Q22			1Q23			2Q23
Profitability & performance
Net interest margin		23.8	%		25.2	%		27.1	%		33.6	%		35.9	%
Net interest margin adjusted (exc. FX)		21.9	%		22.1	%		22.5	%		24.4	%		23.5	%
Net fee income ratio		12.3	%		10.3	%		10.0	%		8.4	%		6.6	%
Efficiency ratio		31.2	%		29.1	%		28.6	%		25.5	%		23.4	%
Net fee income as % of A&G Expenses		39.5	%		35.5	%		34.8	%		32.9	%		28.2	%
Return on average assets		1.7	%		1.9	%		2.3	%		1.7	%		3.9	%
Return on average equity		7.0	%		7.6	%		9.2	%		6.5	%		15.5	%
Liquidity
Loans as a percentage of total deposits		52.4	%		45.2	%		46.2	%		47.7	%		46.9	%
Liquid assets as a percentage of total deposits		90.0	%		90.0	%		94.0	%		97.0	%		95.0	%
Capital
Total equity as a percentage of total assets		24.7	%		24.1	%		24.5	%		26.0	%		23.4	%
Regulatory capital as % of APR		40.5	%		40.4	%		39.9	%		42.4	%		36.0	%
Asset Quality
Allowances over total loans		2.1	%		2.0	%		2.0	%		2.1	%		2.2	%
Non-performing financing as a percentage of total financing		1.3	%		1.3	%		1.3	%		1.4	%		1.4	%
Coverage ratio w/allowances		159.6	%		153.0	%		151.6	%		145.2	%		146.1	%
Cost of Risk		0.8	%		0.9	%		1.1	%		2.1	%		2.4	%

	MACRO BANK INC.


	By:	/s/ Jorge Francisco Scarinci
	Name: Jorge Francisco Scarinci
	Title: Chief Financial Officer