Macro Bank Inc 6-K, filed Nov 27, 2024

Macro Bank Inc. (BMA)

6-K 2024-11-27 For: 2024-11-27

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Added on April 10, 2026

About this 6-K

Macro Bank Inc filed this 6-K on November 27, 2024.

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01	Summary

02	Disclaimer

03	Results

04	Financial Assets

05	Public Sector Assets

06	Funding

07	Liquid Assets

08	Solvency

09	Asset Quality

10	3Q24 Snapshot

11	Relevant and Recent Events

12	Regulatory Changes

13	CER Exposure and Foreign Currency Position

EARNINGS PER SHARE	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Net income -Parent Company- (M $)		23,210		927,000		365,924		-261,537		91,321		-			293	%
Average # of shares outstanding (M)		639		639		639		639		639		0	%		0	%
Book value per avg. Outstanding share ($)		4,873		6,450		6,992		5,604		5,701		2	%		17	%
Shares Outstanding (M)		639		639		639		639		639		0	%		0	%
Earnings per avg. outstanding share ($)		36.17		1,450.70		572.65		-409.29		142.12		-			293	%
EOP FX (Pesos per USD)		350.0083		808.4833		857.4167		911.7500		970.9167		6	%		177	%
Book value per avg. issued ADS (USD)		139.23		79.78		81.55		61.46		58.72		-4	%		-58	%
Earnings per avg. outstanding ADS (USD)		1.03		17.94		6.68		-4.49		1.46		-			42	%

INCOME STATEMENT	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Net Interest Income		348,220		370,287		222,710		213,035		569,131		167	%		63	%
Net fee income		109,667		112,019		98,464		108,657		117,808		8	%		7	%
Net Interest Income + Net Fee Income		457,887		482,306		321,174		321,692		686,939		114	%		50	%
Net Income from financial instruments at fair value through P&L		-112,346		1,804,611		1,691,704		135,902		103,585		-24	%		-
Income from assets at amortized cost		424		266		28		-4		326		-			-23	%
Differences in quoted prices of gold and foreign currency		735,665		368,386		107,146		28,766		16,263		-43	%		-98	%
Other operating income		34,864		50,720		58,964		48,265		45,008		-7	%		29	%
Provision for loan losses		15,030		36,652		25,071		18,476		22,966		24	%		53	%
Net Operating Income		1,101,464		2,669,637		2,153,945		516,145		829,155		61	%		-25	%
Employee benefits		133,241		179,320		177,344		152,986		161,679		6	%		21	%
Administrative expenses		71,308		128,039		91,615		74,088		90,253		22	%		27	%
Depreciation and impairment of assets		25,507		40,629		32,286		30,274		30,605		1	%		20	%
Other operating expenses		145,215		225,486		185,577		147,708		142,889		-3	%		-2	%
Operating Income		726,193		2,096,163		1,667,123		111,089		403,729		263	%		-44	%
Result from associates & joint ventures		-220		315,407		-284		-6,333		1,011		-			-
Result from net monetary postion		-667,194		-1,059,942		-1,181,915		-518,731		-283,895		-45	%		-57	%
Result before taxes from continuing operations		58,779		1,351,628		484,924		-413,975		120,845		-129	%		106	%
Income tax		35,569		424,628		119,000		-152,438		29,524		-119	%		-17	%
Net income from continuing operations		23,210		927,000		365,924		-261,537		91,321		-135	%		293	%
				-		-
Net Income of the period		23,210		927,000		365,924		-261,537		91,321		-135	%		293	%
Net income of the period attributable to parent company		23,127		926,572		366,169		-262,062		90,873		-			293	%
Net income of the period attributable to minority interest		83		428		-245		525		448		-15	%		440	%
Other Comprehensive Income		-4,378		80,670		-19,552		-53,772		-29,118		-			-
Foreign currency translation differences in financial statements conversion		396		20,624		-18,697		-4,731		-2,158		-			-
Profits or losses from financial assets measured at fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a)		-4,774		60,046		-855		-49,041		-26,960		-			-
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		18,832		1,007,670		346,372		-315,309		62,203		-120	%		230	%
Total Comprehensive Income attributable to parent Company		18,749		1,007,242		346,617		-315,834		61,755		0	%		229	%
Total Comprehensive Income attributable to non-controlling interests		83		428		-245		525		448		-15	%		440	%

FX INCOME	MACRO Consolidated						Variation
In MILLION $ (Measuring Unit Current at EOP)	3Q23		2Q24		3Q24		QoQ			YoY
(1) Differences in quoted prices of gold and foreign currency		735,665		28,766		16,263		-43	%		-98	%
Translation of FX assets and liabilities to Pesos		733,796		28,641		16,135		-44	%		-98	%
Income from foreign currency exchange		1,869		124		128		3	%		-93	%
(2) Net Income from financial assets and liabilities at fair value through P&L		-1,341		-4,136		-23,833		476	%		1677	%
Income from investment in derivative financing instruments		-1,341		-4,136		-23,833		476	%		1677	%
(1) +(2) Total Result from Differences in quoted prices of gold and foreign currency		734,324		24,630		-7,570		-			-

INTEREST INCOME	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Interest on Cash and due from Banks		3,926		3,906		4,168		3,742		4,160		11	%		6	%
Interest from government securities		639,298		215,569		125,002		175,800		429,369		144	%		-33	%
Interest from private securities		257		1,654		1,395		689		102		-85	%		-60	%
Interest on loans and other financing
To the financial sector		1,756		3,281		1,366		1,106		537		-51	%		-69	%
To the public non financial sector		12,390		10,721		2,215		923		4,725		412	%		-62	%
Interest on overdrafts		84,485		153,050		94,880		69,081		61,032		-12	%		-28	%
Interest on documents		87,163		124,235		75,661		48,391		37,549		-22	%		-57	%
Interest on mortgages loans		67,378		98,610		144,584		92,866		48,572		-48	%		-28	%
Interest on pledged loans		5,270		5,895		4,178		3,323		3,724		12	%		-29	%
Interest on personal loans		118,024		114,049		92,731		106,551		127,548		20	%		8	%
Interest on credit cards loans		99,019		111,001		86,306		66,917		54,109		-19	%		-45	%
Interest on financial leases		1,124		4,723		4,666		2,908		2,670		-8	%		138	%
Interest on other loans		89,794		139,284		111,166		70,212		64,885		-8	%		-28	%
Interest on Repos		0
From the BCRA		116,071		168,364		201,873		54,410		16,313		-70	%		-86	%
Other financial institutions		52		1,306		86		204		2,266		-			-
Total Interest income		1,326,007		1,155,648		950,277		697,123		857,561		23	%		-35	%
Income from Interest on loans		552,257		750,847		614,172		460,249		400,089		-13	%		-28	%

INTEREST EXPENSE	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Deposits
Interest on checking accounts		65,571		72,205		85,233		40,053		15,952		-60	%		-76	%
Interest on saving accounts		8,464		12,536		17,400		10,999		5,747		-48	%		-32	%
Interest on time deposits		885,312		677,886		598,187		417,189		255,213		-39	%		-71	%
Interest on other financing from BCRA and financial inst.		731		1,883		3,161		-271		641		-337	%		-12	%
Repos
Other financial institutions		6,664		5,466		5,463		2,124		29		-99	%		-100	%
Interest on corporate bonds		87		3,079		6,310		4,184		2,397		-43	%		2655	%
Interest on subordinated bonds		7,294		7,612		8,023		6,668		6,378		-4	%		-13	%
Interest on other financial liabilities		3,664		4,694		3,790		3,142		2,073		-34	%		-43	%
Total financial expense		977,787		785,361		727,567		484,088		288,430		-40	%		-71	%
Expenses from interest on deposits		959,347		762,627		700,820		468,241		276,912		-41	%		-71	%

ASSETS & LIABILITIES PERFORMANCE (AR$)	MACRO Consolidated
In MILLION $	3Q23								2Q24								3Q24
(Measuring Unit Current at EOP)	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
Interest-earning assets
Loans & Other Financing
Public Sector		53,281		-19.3	%		92.3	%		10,331		-22.2	%		35.9	%		46,461		-5.2	%		40.5	%
Financial Sector		9,808		-28.4	%		70.5	%		28,945		-34.3	%		14.8	%		31,230		-27.7	%		7.2	%
Private Sector		3,154,774		-30.3	%		66.0	%		2,627,430		-4.0	%		67.6	%		3,298,999		-1.3	%		46.4	%
Other debt securities
Central Bank Securities (Leliqs)		2,182,080		-16.3	%		99.4	%		0		0.0	%		0.0	%		0		0.0	%		0.0	%
Government & Private Securities		465,170		-28.9	%		69.3	%		574,663		27.0	%		121.9	%		2,625,717		11.2	%		64.9	%
Repos		451,304		-15.1	%		102.1	%		391,669		-10.6	%		56.1	%		179,301		-4.8	%		41.2	%
Total interest-earning assets		6,316,417		-24.2	%		80.6	%		3,633,038		-0.2	%		74.4	%		6,181,708		3.8	%		53.9	%

Fin. Assets through P&L and equity inv.		35,393		303.5	%		688.4	%		5,145,984		5.3	%		224.0	%		936,576		-37.3	%		9.6	%
Other Non interest-earning assets		1,482,453								1,852,964								2,322,551
Total Non interest-earning assets		1,517,846								6,998,948								3,259,127
Total Average Assets		7,834,263								10,631,986								9,440,835

Interest-bearing liabilities
Deposits
Public Sector		359,421		-21.1	%		88.0	%		348,435		-13.3	%		51.5	%		382,528		-8.7	%		35.3	%
Private Sector		4,773,777		-27.3	%		73.1	%		4,009,305		-18.4	%		42.5	%		3,441,606		-13.7	%		28.0	%
BCRA and other financial institutions		934		72.7	%		311.4	%		955		-55.7	%		-22.7	%		3,146		25.6	%		86.2	%
Corporate bonds		0		0.0	%		0.0	%		12,335		20.6	%		110.7	%		12,801		2.2	%		51.5	%
Repos		31,383		-22.7	%		84.2	%		16,309		-12.8	%		52.4	%		431		-14.5	%		26.8	%
Other financial liabilities		4907		0.578			2.759			26413		-0.204			0.391			13943		0.03			0.527
Total int.-bearing liabilities		5,170,422		-26.8	%		74.4	%		4,413,752		-17.9	%		43.4	%		3,854,455		-13.0	%		29.0	%

Total non int.-bearing liabilities		2,292,142								2,463,852								2,193,877

Total Average Liabilities		7,462,564								6,877,604								6,048,332

Assets Performance				1,283,231								672,439								837,150
Liabilities Performance				970,095								476,048								280,533
Net Interest Income				313,136								196,391								556,617
Total interest-earning assets				6,316,417								3,633,038								6,181,708
Net Interest Margin (NIM)				19.7	%							21.7	%							35.8	%

ASSETS & LIABILITIES PERFORMANCE USD	MACRO Consolidated
In MILLION $	3Q23								2Q24								3Q24
(Measuring Unit Current at EOP)	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
Interest-earning assets
Cash and Deposits in Banks		476,278		-56.6	%		3.3	%		454,139		-40.9	%		3.3	%		409,123		-29.9	%		4.0	%
Loans & Other Financing
Financial Sector		820		-55.2	%		6.8	%		1,134		-33.8	%		15.6	%		303		-60.9	%		-42.0	%
Private Sector		254,045		-40.2	%		42.4	%		704,358		-36.7	%		10.6	%		712,893		-26.9	%		8.4	%
Other debt securities
Government & Private Securities		50,254		-19.2	%		92.4	%		66,026		-34.9	%		13.7	%		58,850		-27.0	%		8.3	%
Total interest-earning assets		781,397		-48.9	%		21.7	%		1,225,657		-38.1	%		8.1	%		1,181,169		-27.9	%		6.9	%

Fin. Assets through P&L and equity inv.		2,429,141		-69.7	%		-27.9	%		151,471		-16.7	%		45.5	%		140,282		-27.6	%		7.4	%
Other Non interest-earning assets		878,121								890,399								1,107,609
Total Non interest earning assets		3,307,262								1,041,870								1,247,891
Total Average Assets		4,088,659								2,267,527								2,429,060

Interest-bearing liabilities
Deposits
Public Sector		26,656		-58.0	%		0.1	%		10,203		-42.4	%		0.6	%		26,470		-31.5	%		1.5	%
Private Sector		540,414		-58.0	%		0.0	%		863,534		-42.7	%		0.1	%		902,965		-32.4	%		0.2	%
BCRA and other financial institutions		15,176		-55.3	%		6.5	%		25,580		-39.5	%		5.6	%		21,964		-30.3	%		3.4	%
Issued corporate bonds		15,563		-57.1	%		2.2	%		60,069		-39.7	%		5.3	%		52,320		-28.8	%		5.6	%
Subordinated bonds		441,819		-55.3	%		6.5	%		421,744		-39.1	%		6.4	%		398,298		-28.2	%		6.4	%
Total int.-bearing liabilities		1,039,628		-56.8	%		2.9	%		1,381,130		-41.4	%		2.3	%		1,402,017		-31.1	%		2.2	%

Total non int.-bearing liabilities		567,478								750,397								742,878

Total Average liabilities		1,607,106								2,131,527								2,144,895

Assets Performance				42,776								24,684								20,411
Liabilities Performance				7,692								8,042								7,898
Net Interest Income				35,084								16,642								12,513
Total interest-earning assets				781,397								1,225,657								1,181,169
Net Interest Margin (NIM)				17.8	%							5.5	%							4.2	%

NET INCOME FROM FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Profit or loss from government securities		-187,771		1,683,591		1,700,701		119,851		114,476		-4	%		-161	%
Profit or loss from private securities		49,513		72,832		8,747		9,833		4,154		-58	%		-92	%
Profit or loss from investment in derivative financing instruments		2,554		31,061		6,867		4,858		3,190		-34	%		25	%
Profit or loss from other financial assets		-3,235		4,930		4,208		1,788		1,026		-43	%		-132	%
Profit or loss from investment in equity instruments		5,535		1,391		578		2,372		465		-80	%		-92	%
Profit or loss from the sale of financial assets at fair value		22,399		12,941		-19,282		1,336		4,107		-			-
Income from financial assets at fair value through profit or loss		-111,005		1,806,746		1,701,819		140,038		127,418		-9	%		-

Profit or loss from derivative financing instruments		-1,341		-2,135		-10,115		-4,136		-23,833		-			-
Income from financial liabilities at fair value through profit or loss		-1,341		-2,135		-10,115		-4,136		-23,833		-			-

NET INCOME FROM FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS		-112,346		1,804,611		1,691,704		135,902		103,585		-24	%		-

PERSONNEL& ADMINISTRATIVE EXPENSES	MACRO Consolidated															Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23			4Q23			1Q24			2Q24			3Q24			QoQ			YoY
Employee benefits		133,241			179,320			177,344			152,986			161,679			6	%		21	%
Remunerations		92,189			119,318			121,516			104,648			112,982			8	%		23	%
Social Security Contributions		22,870			31,249			29,134			26,139			27,204			4	%		19	%
Compensation and bonuses		13,799			24,021			22,362			17,773			15,500			-13	%		12	%
Employee services		4,383			4,732			4,332			4,426			5,993			35	%		37	%
Administrative Expenses		71,308			128,039			91,615			74,088			90,253			22	%		27	%
Taxes		14,883			18,134			15,672			20,951			16,618			-21	%		12	%
Maintenance, conservation fees		9,982			13,956			12,861			12,556			13,274			6	%		33	%
Directors& statutory auditors fees		4,089			39,653			16,001			-10,004			4,232			-			-
Security services		6,041			6,464			5,335			6,753			8,102			20	%		34	%
Electricity& Communications		5,215			4,935			6,789			7,175			6,752			-6	%		29	%
Other professional fees		7,777			11,944			7,533			8,672			9,535			10	%		23	%
Rental agreements		213			197			576			254			266			5	%		25	%
Advertising& publicity		5,729			6,540			3,700			4,752			5,663			19	%		-1	%
Personnel allowances		1,405			1,747			1,004			1,477			1,361			-8	%		-3	%
Stationary& Office Supplies		494			653			481			484			445			-8	%		-10	%
Insurance		626			634			448			1,021			1,175			15	%		88	%
Hired administrative services		1,229			2,581			3,818			9,423			6,285			-33	%		411	%
Other		13,625			20,601			17,397			10,574			16,545			56	%		21	%
Total Administrative Expenses		204,549			307,359			268,959			227,074			251,932			11	%		23	%

Total Employees		7,765			9,192			9,166			9,175			9,109
Branches		461			519			517			515			515
Efficiency ratio		22.4	%		13.6	%		14.7	%		55.6	%		36.3	%

Accumulated efficiency ratio		23.0	%		18.6	%		14.7	%		22.2	%		25.5	%

OPERATING RESULT	MACRO consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Operating Result (exc. Loss from net monetary position)		726,193		2,096,163		1,667,123		111,089		403,729		263	%		-44	%
Result from net monetary position (i.e. inflation adjustment)		-667,194		-1,059,942		-1,181,915		-518,731		-283,895		-45	%		-57	%
Operating Result (Inc. Loss from net monetary position)		58,999		1,036,221		485,208		-407,642		119,834		-			103	%

LOANS AND OTHER FINANCING	MACRO Consilidated															Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23			4Q23			1Q24			2Q24			3Q24			QoQ			YoY
Public Sector		9,767			9,508			3,746			50,535			44,439			-12	%		355	%
Finacial Sector		44,923			20,088			26,108			40,646			35,278			-13	%		-21	%
Financial Sector		44,995			20,135			26,137			40,663			35,381			-13	%		-21	%
Less: Expected Credit Losses		-72			-47			-29			-17			-103			506	%		43	%
Private Sector		3,509,366			3,666,711			3,294,667			3,803,044			4,472,386			18	%		27	%
Overdrafts		348,799			580,350			457,272			466,678			679,141			46	%		95	%
Discounted documents		668,185			681,987			668,684			717,561			634,079			-12	%		-5	%
Mortgage loans		336,395			337,161			326,978			352,570			386,541			10	%		15	%
Pledged loans		57,901			56,699			43,777			74,590			98,927			33	%		71	%
Personal loans		612,985			480,233			420,641			550,738			786,241			43	%		28	%
Credit Card loans		1,054,697			977,203			801,529			891,931			1,119,035			25	%		6	%
Leasing		4,485			19,127			13,370			12,817			14,726			15	%		228	%
Others		492,941			642,048			654,392			826,189			848,910			3	%		72	%
Less: Expected Credit Losses		-67,022			-108,097			-91,976			-90,030			-95,214			6	%		42	%
Total loans and other financing		3,564,056			3,696,307			3,324,521			3,894,225			4,552,103			17	%		28	%

Total loans in Pesos		3,325,812			3,333,499			2,650,253			3,175,753			3,792,442			19	%		14	%

Total loans in foreign currency		238,244			362,808			674,268			718,472			759,661			6	%		219	%

EOP FX (Pesos per USD)		350.0083			808.4833			857.4167			911.7500			970.9167			6	%		177	%

Total loans in foreign currency (USD)		681			449			786			788			782			-1	%		15	%
USD financing / Financing to the private sector		7	%		10	%		20	%		18	%		17	%

OTHER SOURCES OF FUNDS	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Central Bank of Argentina		167		174		82		88		85		-3	%		-49	%
Banks and international institutions		16,035		30,684		24,664		22,517		23,748		5	%		48	%
Financing received from Argentine financial institutions		814		9,054		1,503		1,399		680		-51	%		-16	%
Subordinated corporate bonds		446,455		661,645		470,061		414,341		399,545		-4	%		-11	%
Corporate bonds		16,851		118,659		89,314		67,194		65,198		-3	%		287	%
Shareholders' equity		3,113,404		4,120,645		4,467,263		3,580,163		3,641,918		2	%		17	%
Total other source of funds		3,593,726		4,940,861		5,052,887		4,085,702		4,131,174		1	%		15	%

MINIMUM CAPITAL REQUIREMENT	MACRO Consolidated											Change
In MILLION $		3Q23		4Q23		1Q24		2Q24		3Q24			QoQ		YoY
Credit risk requirement		124,155		250,774		312,304		398,956		500,273			25	%	303	%
Market risk requirement		19,898		38,335		39,647		48,217		40,485			-16	%	103	%
Operational risk requirement		71,224		114,388		196,966		249,263		293,003			18	%	311	%
Total capital requirements		215,276		403,497		548,917		696,436		833,762			20	%	287	%

Ordinary Capital Level 1 (COn1)		979,304		1,745,360		3,184,428		3,149,367		3,553,842			13	%	263	%
Deductible concepts Level 1 (COn1)		-59,469		-121,538		-180,391		-241,637		-346,879			44	%	483	%
Capital Level 2 (COn2)		83,763		128,995		136,797		145,407		154,755			6	%	85	%
Integrated capital - RPC (i)		1,003,598		1,752,832		3,140,849		3,053,153		3,361,733			10	%	235	%

Excess capital		788,322		1,349,335		2,591,932		2,356,717		2,527,971			7	%	221	%

Risk-weighted assets - RWA (ii)		2,645,752		4,952,407		6,747,756		8,560,197		10,239,883			20	%	287	%

Regulatory Capital ratio [(i)/(ii)]		37.9	%	35.4	%	46.5	%	35.7	%	32.8	%

Ratio TIER 1 [Capital Level 1/RWA]		34.8	%	32.8	%	44.5	%	34.0	%	31.3	%

CER EXPOSURE	MACRO Consolidated						Change
In MILLION $ (Measuring Unit Current at EOP)		3Q23	4Q23	1Q24	2Q24	3Q24		QoQ		YoY
CER adjustable ASSETS

Government Securities		183,395	495,127	5,939,205	5,151,183	2,938,542		-43	%	1502	%

Loans (*)		250,626	250,353	269,100	300,718	325,187		8	%	30	%
Private sector loans		36,980	39,286	28,974	34,581	57,609		67	%	56	%
Mortgage loans (UVA adjusted)		213,446	210,942	240,122	266,133	267,574		1	%	25	%
Other loans		200	125	4	4	4		0	%	-98	%
Total CER adjustable assets		434,021	745,480	6,208,305	5,451,901	3,263,729		-40	%	652	%

CER adjustable LIABILITIES
Deposits *()**		14,836	69,555	50,412	49,052	26,861		-45	%	81	%
UVA Unemployment fund		30,342	25,198	25,423	29,489	31,713		8	%	5	%
Total CER adjustable liabilities		45,178	94,753	75,835	78,541	58,574		-25	%	30	%

NET CER EXPOSURE		388,843	650,727	6,132,470	5,373,360	3,205,155		-40	%	724	%

FOREIGN CURRENCY POSITION	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
Cash and deposits in Banks		1,182,778		2,258,451		1,319,385		1,228,367		3,027,607		146	%		156	%
Cash		221,792		680,666		336,310		175,708		1,032,336		488	%		365	%
Central Bank of Argentina		587,830		993,924		507,208		566,353		1,236,645		118	%		110	%
Other financial institutions local and abroad		373,084		583,747		475,211		485,689		369,026		-24	%		-1	%
Others		73		114		656		617		389,600		63044	%		533599	%
Financial instruments at fair value through P&L		2,474,310		3,502,233		162,206		176,037		146,807		-17	%		-94	%
Other financial assets		104,534		159,615		138,792		122,578		96,662		-21	%		-8	%
Loans and other financing		238,244		362,808		674,268		718,472		759,661		6	%		219	%
Non financial private sector & foreign residents		238,244		362,808		674,268		718,472		759,661		6	%		219	%
Other debt securities		156,602		178,694		84,527		70,092		59,221		-16	%		-62	%
Guarantees received		45,015		112,409		32,479		32,399		26,851		-17	%		-40	%
Investment in equity instruments		1,379		693		495		254		258		2	%		-81	%
Total Assets		4,202,862		6,574,903		2,412,152		2,348,199		4,117,067		75	%		-2	%
Deposits		968,450		2,063,112		1,478,870		1,473,116		2,930,805		99	%		203	%
Non financial public sector		37,795		69,210		27,804		47,001		68,254		45	%		81	%
Financial sector		9,506		14,324		10,019		9,012		8,536		-5	%		-10	%
Non financial private sector & foreign residents		921,148		1,979,578		1,441,047		1,417,103		2,854,015		101	%		210	%
Financial liabiities at fair value through P&L		32,553		27,854		18,884		14,986		1,416		-91	%		-96	%
Other liabilities from financial intermediation		120,144		174,110		195,327		211,968		589,631		178	%		391	%
Financing from the Central Bank and other fin. Inst		16,285		30,990		25,033		22,669		23,904		5	%		47	%
Issued corporate bonds		16,851		108,553		77,969		54,492		52,367		-4	%		211	%
Subordinated corporate bonds		446,455		661,645		470,061		414,341		399,545		-4	%		-11	%
Other non financial liabilities		3,719		9,125		5,636		5,410		4,753		-12	%		28	%
Total Liabilities		1,604,457		3,075,389		2,271,780		2,196,982		4,002,421		82	%		149	%

NET FX POSITION (Pesos)		2,598,405		3,499,514		140,372		151,217		114,646		-24	%		-96	%
EOP FX (Pesos per USD)		350.0083		808.4833		857.4167		911.7500		970.9167		6	%		177	%
NET FX POSITION (USD)		7,424		4,328		164		166		118		-29	%		-98	%

QUARTERLY BALANCE SHEET	MACRO Consolidated										Change
In MILLION $ (Measuring Unit Current at EOP)	3Q23		4Q23		1Q24		2Q24		3Q24		QoQ			YoY
ASSETS
Cash and deposits in Banks		1,382,868		2,425,231		1,528,220		1,831,583		3,468,228		89	%		151	%
Cash		331,825		800,997		452,300		269,750		1,167,673		333	%		252	%
Central Bank of Argentina		677,868		1,040,049		600,039		1,075,485		1,541,877		43	%		127	%
Other local & foreign entities		373,101		584,072		475,224		485,731		369,078		-24	%		-1	%
Other		74		113		657		617		389,600		63044	%		526386	%
Debt securities at fair value through profit & loss		2,498,392		3,531,928		5,760,706		5,031,607		1,032,842		-79	%		-59	%
Derivatives		2,376		26,494		76,554		52,435		21,085		-100	%		787	%
Repo Transactions		486,258		1,240,897		371,187		0		1		-			-100	%
Other financial assets		577,803		405,946		303,432		388,602		981,267		153	%		70	%
Loans & other receivables		3,564,056		3,696,307		3,324,521		3,894,225		4,552,103		17	%		28	%
Non Financial Public Sector		9,767		9,508		3,746		50,535		44,439		-12	%		355	%
Financial Sector		44,923		20,088		26,108		40,646		35,278		-13	%		-21	%
Non Financial private sector and foreign		3,509,366		3,666,711		3,294,667		3,803,044		4,472,386		18	%		27	%
Other debt securities		1,866,597		870,413		648,040		631,934		2,850,502		351	%		53	%
Financial assets in guarantee		179,819		267,885		226,273		180,113		190,007		5	%		6	%
Income tax assets		0		1,769		1,373		56,655		84,306
Investments in equity instruments		7,339		6,478		4,411		7,189		6,792		-6	%		-7	%
Investments in other companies (subsidiaries and joint ventures)		4,443		3,397		2,876		3,028		4,662		54	%		5	%
Property, plant and equipment		643,474		719,215		721,894		725,044		730,953		1	%		14	%
Intangible assets		110,513		151,530		146,871		144,128		140,643		-2	%		27	%
Deferred income tax assets		1,129		2,007		1,680		2,089		2,000		-4	%		77	%
Other non financial assets		81,412		110,432		89,878		90,765		91,202		0	%		12	%
Non-current assets held for sale		52,131		84,440		84,488		81,350		81,171		0	%		56	%
TOTAL ASSETS		11,458,610		13,544,369		13,292,404		13,120,747		14,237,764		9	%		24	%

LIABILITIES
Deposits		6,208,311		6,793,763		6,695,032		7,557,833		8,073,870		7	%		30	%
Non Financial Public Sector		549,118		377,159		688,475		892,400		997,003		12	%		82	%
Financial Sector		10,668		40,690		17,777		13,435		23,121		72	%		117	%
Non Financial private sector and foreign		5,648,525		6,375,914		5,988,780		6,651,998		7,053,746		6	%		25	%
Liabilities at fair value through profit & loss		32,553		27,870		26,413		59,399		1,416		-98	%		-96	%
Derivatives		122		5,721		7,911		374		1,438		284	%		1079	%
Repo Transactions		119,876		47,576		27,729		-		-		-			-86	%
Other financial liabilities		991,944		754,904		630,515		848,873		1,637,118		93	%		65	%
Financing received from Central Bank and Other Financial Institutions		17,016		39,911		26,249		24,004		24,512		2	%		44	%
Issued Corporate Bonds		16,851		118,659		89,314		67,194		65,198		-3	%		287	%
Current income tax liabilities		77,359		431,149		425,125		4,516		9,617		113	%		-88	%
Subordinated corporate bonds		446,455		661,645		470,061		414,341		399,545		-4	%		-11	%
Provisions		12,175		17,625		15,631		15,420		16,624		8	%		37	%
Deferred income tax liabilities		77,986		92,206		79,664		43,717		47,243		8	%		-39	%
Other non financial liabilities		344,047		431,756		331,149		504,040		318,424		-37	%		-7	%
TOTAL LIABILITIES		8,344,695		9,422,785		8,824,793		9,539,711		10,595,005		11	%		27	%

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		1,156,780		1,156,780		1,156,780		1,156,780		1,156,780		0	%		0	%
Reserves		1,684,506		1,684,506		1,684,506		2,296,984		2,296,984		0	%		36	%
Retained earnings		1,229		1,229		1,185,122		1,380		1,380		0	%		12	%
Other accumulated comprehensive income		498		81,168		61,616		7,843		-21,275		-371	%		-
Net income for the period / fiscal year		257,322		1,183,893		366,170		104,107		194,980		87	%		-24	%
Shareholders' Equity attributable to parent company		3,113,404		4,120,645		4,467,263		3,580,163		3,641,918		2	%		17	%

Shareholders' Equity attributable to non controlling interest		511		939		348		873		841		-4	%		65	%
TOTAL SHAREHOLDERS' EQUITY		3,113,915		4,121,584		4,467,611		3,581,036		3,642,759		2	%		17	%

QUARTERLY ANNUALIZED RATIOS	MACRO Consolidated
	3Q23			4Q23			1Q24			2Q24			3Q24
Profitability & performance
Net interest margin		60.6	%		34.2	%		26.2	%		20.0	%		31.5	%
Net interest margin adjusted (exc. FX)		19.5	%		17.1	%		17.7	%		17.6	%		30.7	%
Net fee income ratio		5.5	%		0.7	%		1.5	%		18.4	%		11.4	%
Efficiency ratio		22.4	%		13.6	%		14.7	%		55.6	%		36.3	%
Net fee income as % of A&G Expenses		24.6	%		5.4	%		10.6	%		33.1	%		31.4	%
Return on average assets		0.8	%		20.4	%		11.9	%		-8.1	%		3.0	%
Return on average equity		3.2	%		72.6	%		37.1	%		-27.0	%		9.8	%
Liquidity
Loans as a percentage of total deposits		57.4	%		54.4	%		49.7	%		51.5	%		56.4	%
Liquid assets as a percentage of total deposits		99.0	%		118.0	%		124.0	%		98.0	%		91.0	%
Capital
Total equity as a percentage of total assets		27.2	%		30.4	%		33.6	%		27.3	%		25.6	%
Regulatory capital as % of APR		37.9	%		35.4	%		46.6	%		35.7	%		32.8	%
Asset Quality
Allowances over total loans		2.0	%		3.1	%		2.9	%		2.5	%		2.2	%
Non-performing financing as a percentage of total financing		1.4	%		1.3	%		1.1	%		1.2	%		1.2	%
Coverage ratio w/allowances		133.9	%		200.9	%		222.7	%		181.4	%		177.6	%
Cost of Risk		1.7	%		2.5	%		3.3	%		2.2	%		2.2	%

ACCUMULATED ANNUALIZED RATIOS	MACRO Consolidated
	3Q23			4Q23			1Q24			2Q24			3Q24
Profitability & performance
Net interest margin		44.4	%		41.6	%		26.2	%		23.2	%		26.8	%
Net interest margin adjusted (exc. FX)		22.8	%		21.2	%		17.7	%		17.7	%		23.3	%
Net fee income ratio		6.2	%		3.6	%		1.5	%		4.6	%		6.2	%
Efficiency ratio		23.0	%		18.6	%		14.7	%		22.2	%		25.5	%
Net fee income as % of A&G Expenses		26.9	%		19.5	%		10.6	%		20.9	%		24.5	%
Return on average assets		2.9	%		8.8	%		11.9	%		1.7	%		2.1	%
Return on average equity		12.1	%		34.8	%		37.1	%		5.3	%		6.8	%
Liquidity
Loans as a percentage of total deposits		57.4	%		54.4	%		49.7	%		51.5	%		56.4	%
Liquid assets as a percentage of total deposits		99.0	%		118.0	%		124.0	%		98.0	%		91.0	%
Capital
Total equity as a percentage of total assets		27.2	%		30.4	%		33.6	%		27.3	%		25.6	%
Regulatory capital as % of APR		37.9	%		35.4	%		46.6	%		35.7	%		32.8	%
Asset Quality
Allowances over total loans		2.0	%		3.1	%		2.9	%		2.5	%		2.2	%
Non-performing financing as a percentage of total financing		1.4	%		1.3	%		1.1	%		1.2	%		1.2	%
Coverage ratio w/allowances		133.9	%		200.9	%		222.7	%		181.4	%		177.6	%
Cost of Risk		2.1	%		2.3	%		3.3	%		2.7	%		2.5	%

	MACRO BANK INC.


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