Banco Macro Reports 139.8 Billion Pesos Net Income in Q1 2026

Banco Macro S.A. reported net income of 139.8 billion Argentine pesos for the first quarter of 2026. The figure rose 28 percent from the prior quarter and 131 percent from the same period a year earlier. Annualized return on average equity reached 10 percent and return on average assets reached 2.4 percent.

Operating income before expenses fell 3 percent from the fourth quarter of 2025 but rose 15 percent year over year.

The bank maintained its 2026 guidance for 42 percent nominal loan growth and 34 percent nominal deposit growth. Real growth will depend on an assumed 28 percent inflation rate.

Macro reduced its branch network by 24 locations and cut headcount by 3 percent. Management aims to keep real expense growth negative in coming quarters. The non-performing loan ratio rose to 5.4 percent while coverage stood near 110 percent. The bank expects cost of risk between 5.5 percent and 6 percent.

Management set return-on-equity guidance near 8 percent and said it will review the target after additional quarters.