Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Argentina
  4. Buenos Aires Stock Exchange
  5. Banco Macro S.A.
  6. News
  7. Summary
    BMA   ARBANS010010


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Banco Macro S A : announces Results for the First Quarter of 2021

05/27/2021 | 05:46pm EDT

Buenos Aires, Argentina, May 27, 2021 - Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ('Banco Macro' or 'BMA' or the 'Bank') announced today its results for the first quarter ended March 31, 2021 ('1Q21'). 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 January 2020, 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 2019 and 2020 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2021.


The Bank's net income totaled Ps.2.2 billion in 1Q21. This result was 39% lower than the result posted in 4Q20 and 77% lower than in 4Q19. In 1Q21, the annualized return on average equity ('ROAE') and the annualized return on average assets ('ROAA') were 5.4% and 1.1%, respectively.

Operating income (after G&A and personnel expenses) was Ps.18.9 billion in 1Q21, 16% or Ps.2.6 billion higher than in 4Q20 and 19% or Ps.4.5 billion lower than a year ago.

In 1Q21, Banco Macro's financing to the private sector decreased 9% or Ps.25.8 billion quarter over quarter ('QoQ') totaling Ps.259.4 billion and 17% or Ps.54.1. billion year over year ('YoY').

In 1Q21, Banco Macro's total deposits decreased 17% or Ps.94.8 billion QoQ, totaling Ps.457.3 billion and representing 77% of the Bank's total liabilities. Private sector deposits decrased 14% or Ps.66.9 billion QoQ.

Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.157.4 billion, 37.7% regulatory capital ratio - Basel III and 30.3% Tier 1 Ratio. In addition, the Bank's liquid assets remained at an adequate level, reaching 94% of its total deposits in 1Q21.

•In 1Q21, the efficiency ratio reached 35.7%, improving from the 38.8% posted in 4Q20 and higher than the 31.1% posted a year ago.

In 4Q20, the Bank's non-performing to total financing ratio was 0.78% and the coverage ratio improved to 479.2%.

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.

For a full version of this press release, please click here Para una versión en español de este press release haga click aqui

Quarterly Conference Call

Friday, May 28, 2021
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial

Argentine Participants:
(0800) 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 May 28 through June 11, 2021

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


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


Banco Macro SA published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 21:44:02 UTC.

© Publicnow 2021
All news about BANCO MACRO S.A.
08/26BANCO MACRO S A : Synthesis of quarterly financial statements (Form 6-K)
07/15BANCO MACRO S A : Form 6-K)
07/14BANCO MACRO S A : To Comisión Nacional de Valores (Argentine Securities Exchange Commissio..
07/14Banco Macro S.A. Announces Resignation of Santiago Horacio Seeber as Regular Director
05/27BANCO MACRO : Q1 Earnings Snapshot
05/27BANCO MACRO S A : Announces Results for the First Quarter of 2021 (Form 6-K)
05/27BANCO MACRO S A : announces Results for the First Quarter of 2021
05/27BANCO MACRO S A : Synthesis of quarterly financial statements (Form 6-K)
05/27Banco Macro S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
05/18BANCO MACRO S A : To Comisión Nacional de Valores (Argentine Securities Exchange Commissio..
More news
Analyst Recommendations on BANCO MACRO S.A.
More recommendations
Sales 2021 145 B 1 477 M 1 477 M
Net income 2021 20 557 M 209 M 209 M
Net Debt 2021 - - -
P/E ratio 2021 9,56x
Yield 2021 4,74%
Capitalization 202 B 2 052 M 2 056 M
Capi. / Sales 2021 1,39x
Capi. / Sales 2022 1,25x
Nbr of Employees 8 318
Free-Float 36,5%
Duration : Period :
Banco Macro S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO MACRO S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 6
Last Close Price 318,10 ARS
Average target price 336,55 ARS
Spread / Average Target 5,80%
EPS Revisions
Managers and Directors
Gustavo Alejandro Manriquez Chief Executive Officer & General Manager
Jorge Francisco Scarinci Chief Financial Officer, Manager-Finance & IR
Delfín Jorge Ezequiel Carballo Chairman
Ernesto Eduardo Medina Manager-Operations & Information Technology
Gerardo Adrián Álvarez Manager-Human Resources & Administration
Sector and Competitors