$BMA

Macro Bank Inc.

CIK:0001347426|SEC Filings

Consolidated Statement of Income - ARS ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Statement [LineItems]

Interest income

$ 5,005,505,482

$ 4,637,402,945

$ 7,007,895,737

Interest expense

(1,930,459,257)

(2,508,660,787)

(4,644,460,355)

Net interest income

3,075,046,225

2,128,742,158

2,363,435,382

Commissions income

878,277,036

743,383,247

703,881,320

Commissions expense

(110,895,565)

(104,167,627)

(71,455,585)

Net commissions income

767,381,471

639,215,620

632,425,735

Subtotal (Net interest income plus Net commissions income)

3,842,427,696

2,767,957,778

2,995,861,117

Net gain from measurement of financial instruments at fair value through profit or loss

457,488,716

2,922,000,124

2,791,075,672

Profit from sold or derecognized assets at amortized cost

386,382

1,305,214

980,661

Differences in quoted prices of gold and foreign currency

25,097,623

214,709,835

2,286,617,981

Other operating income

282,134,823

281,474,220

208,797,445

Credit loss expense on financial assets

(538,422,387)

(142,213,553)

(131,684,527)

Net operating income before expenses, depreciation and amortization

4,069,112,853

6,045,233,618

8,151,648,349

Employee benefits

(954,275,901)

(925,393,014)

(797,832,185)

Administrative expenses

(446,678,069)

(481,929,116)

(470,450,558)

Depreciation and amortization of fixed assets

(178,815,285)

(181,722,120)

(166,432,836)

Other operating expenses

(924,748,627)

(880,982,382)

(920,329,569)

Operating income after expenses, depreciation and amortization

1,564,594,971

3,575,206,986

5,796,603,201

(Loss) / income from associates and joint ventures

(257,025)

2,083,651

430,021,909

Loss on net monetary position

(1,053,216,612)

(3,103,695,875)

(3,749,542,092)

Income before tax on continuing operations

511,121,334

473,594,762

2,477,083,018

Income tax on continuing operations

(220,415,500)

(44,099,600)

(808,752,038)

Net income from continuing operations

290,705,834

429,495,162

1,668,330,980

Net income for the fiscal year

290,705,834

429,495,162

1,668,330,980

Net income for the fiscal year attributable to controlling interests

289,494,680

428,193,992

1,667,326,227

Net income for the fiscal year attributable to non-controlling interests

$ 1,211,154

$ 1,301,170

$ 1,004,753

Basic earnings per share

^[1]

$ 452.7535

$ 669.6673

$ 2,607.5889

[1]	The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount.

Consolidated Statement of Cash Flows - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Income for the fiscal year before income tax	$ 511,121,334	$ 473,594,762	$ 2,477,083,018
Adjustment for the total monetary effect of the fiscal year	1,053,216,612	3,103,695,875	3,749,542,092
Adjustments to obtain cash flows from operating activities:
Amortization and depreciation	178,815,285	181,722,120	166,432,836
Credit loss expense on financial assets	538,422,387	142,213,553	131,684,527
Difference in quoted prices of foreign currency	(410,234,915)	(303,462,160)	(1,488,724,579)
Other adjustments	(193,559,205)	(1,797,844,046)	346,041,083
Net increase / decrease from operating assets:
Debt securities at fair value through profit or loss	(81,165,357)	6,130,165,181	(2,606,513,375)
Derivative financial instruments	17,421,464	12,283,354	26,323,072
Repo transactions	(181,151,259)	1,763,430,242	(478,903,530)
Loans and other financing
Non-financial public sector	(136,475,904)	(78,507,321)	6,176,940
Other financial entities	(34,592,663)	(54,503,436)	(20,274,525)
Non-financial private sector and foreign residents	(3,442,651,720)	(2,394,891,614)	805,673,322
Other debt securities	(273,581,807)	(5,553,576,087)	690,084,794
Financial assets delivered as guarantee	(22,146,067)	55,631,689	9,075,784
Equity Instruments at fair value through profit or loss	(18,763,210)	(2,265,844)	(1,172,620)
Other assets	(6,048,515)	(123,451,664)	47,294,316
Deposits
Non-financial public sector	(207,917,643)	310,801,203	(171,487,278)
Financial sector	2,803,254	(42,008,385)	43,074,276
Non-financial private sector and foreign residents	2,815,786,963	1,156,600,730	(3,689,912,744)
Liabilities at fair value through profit or loss	5,266,519	(30,155,456)	(23,373,155)
Derivative financial instruments	(1,239,823)	(6,390,989)	(16,466,238)
Repo transactions	(24,937,296)	(42,672,331)	67,609,627
Other liabilities	510,428,249	157,243,062	(237,378,948)
Income tax paid	(43,618,659)	(423,864,372)	(76,040,493)
Total cash from operating activities	555,198,024	2,633,788,066	(244,151,798)
Cash flows from investing activities
Acquisition of PPE, intangible assets and other assets	(171,945,365)	(163,799,643)	(163,494,821)
Obtaining control of subsidiaries or other businesses		(11,216,178)	(62,897,745)
Other payments related to investing activities		(851,467)	(1,784,021)
Other collections related to investing activities			461,138,258
Total cash used in investing activities (B)	(171,945,365)	(175,867,288)	232,961,671
Payments:
Dividends	(155,512,151)	(614,254,882)	(514,741)
Acquisition of own shares	(180,981)
Non-subordinated corporate bonds	(59,352,355)	(108,479,558)	(13,973,237)
Financing from local financial entities		(7,774,600)	(21,765,743)
Subordinated corporate bonds	(41,308,474)	(37,319,313)	(37,077,213)
Other payments related to financing activities	(15,362,689)	(10,976,084)	(11,273,956)
Collections / Incomes:
Non-subordinated corporate bonds	720,401,897		84,441,835
Financing from local financial entities	85,421,927
Total cash from / (used in) financing activities (C)	534,107,174	(778,804,437)	(163,055)
Effect of exchange rate fluctuations (D)	784,706,314	481,368,055	2,604,739,482
Monetary effect on cash and cash equivalents (E)	(950,131,277)	(2,359,606,922)	(5,317,253,878)
Net increase / (decrease) in cash and cash equivalents (A+B+C+D+E)	751,934,870	(199,122,526)	(2,723,867,578)
Cash and cash equivalents at the beginning of the fiscal year	3,766,926,716	3,966,049,242	6,689,916,820
Cash and cash equivalents at the end of the fiscal year	$ 4,518,861,586	$ 3,766,926,716	$ 3,966,049,242

Consolidated Statement of Financial Position - ARS ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and deposits in banks	$ 4,344,460,177	$ 3,539,501,670
Cash	543,467,076	547,320,305
Central Bank of Argentina	3,045,224,283	2,465,076,050
Other local and foreign entities	755,670,253	455,026,129
Other	98,565	72,079,186
Debt securities at fair value through profit or loss	991,076,505	1,108,947,379
Derivative financial instruments	7,946,097	25,367,561
Repo transactions	181,151,259
Other financial assets	716,507,880	721,075,644
Loans and other financing	10,708,315,023	7,632,012,907
Non-financial public sector	228,426,524	91,976,125
Other financial entities	117,642,574	83,049,911
Non-financial private sector and foreign residents	10,362,245,925	7,456,986,871
Other debt securities	4,415,827,943	4,112,041,758
Financial assets delivered as guarantee	347,199,993	325,051,250
Current income tax assets	1,925,692	110,903,357
Equity instruments at fair value through profit or loss	30,235,591	11,472,381
Investments in associates and joint ventures	6,167,545	6,053,636
Property, plant and equipment	1,043,087,188	1,036,989,693
Intangible assets	182,853,977	194,002,732
Deferred income tax assets	23,098,217	2,962,378
Other non-financial assets	147,380,528	138,471,625
Non-current assets held for sale	94,116,084	99,751,258
TOTAL ASSETS	23,239,424,007	19,064,605,229
LIABILITIES
Deposits	13,690,637,774	11,079,965,200
Non-financial public sector	638,862,157	846,779,800
Financial Sector	18,619,134	15,815,880
Non-financial private sector and foreign residents	13,033,156,483	10,217,369,520
Liabilities at fair value through profit or loss	14,716,259	9,449,740
Derivative financial instruments	498,729	1,738,552
Repo transactions		24,937,296
Other financial liabilities	1,788,639,060	1,357,419,552
Financing received from the BCRA and other financial institutions	153,243,154	57,187,788
Issued corporate bonds	757,584,577	19,455,743
Current income tax liabilities	304,656,436	24,971,864
Subordinated corporate bonds	588,032,164	549,446,878
Provisions	71,760,117	22,511,020
Deferred income tax liabilities	1,176,539	105,429,920
Other non-financial liabilities	633,932,844	483,429,463
TOTAL LIABILITIES	18,004,877,653	13,735,943,016
SHAREHOLDERS' EQUITY
Capital stock	639,413	639,413
Non-capitalized contributions	12,429,781	12,429,781
Capital adjustments	1,649,395,543	1,649,395,543
Earnings reserved	4,378,509,260	4,362,948,174
Unappropriated retained earnings	(1,098,470,965)	(1,114,398,391)
Accumulated other comprehensive income	(477,733)	(12,689,908)
Net income for the fiscal year	289,494,680	428,193,992
Net shareholders' equity attributable to controlling interests	5,231,519,979	5,326,518,604
Net shareholders' equity attributable to non-controlling interests	3,026,375	2,143,609
TOTAL SHAREHOLDERS' EQUITY	5,234,546,354	5,328,662,213
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES	$ 23,239,424,007	$ 19,064,605,229