BUENOS
AIRES, Argentina, May 23, 2022
/PRNewswire/ -- 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, 2022
("1Q22"). 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 1Q20, 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 2021 have been restated applying IAS 29 to
reflect the accumulated effect of the inflation adjustment for each
period through March 31, 2022.
Summary
- The Bank's net income totaled Ps.6 billion in
1Q22. This result was 51% lower than the result posted
in 4Q21 but 77% higher than the result registered in 1Q21. In 1Q22,
the annualized return on average equity ("ROAE") and the
annualized return on average assets ("ROAA") were 9% and 2.2%,
respectively. Total comprehensive income was Ps.5.4 billion, 56%
lower than in 4Q21 but 26% higher than a year ago.
- In 1Q22 Operating Income (after G&A and personnel
expenses) totaled Ps.36.6 billion, 41% or Ps.10.6 billion higher
than in 4Q21 and 24% or Ps.7.2 billion higher than the same period
of last year.
- In 1Q22, Banco Macro's financing to the private sector
decreased 8% or Ps.33.3 billion quarter over quarter ("QoQ")
totaling Ps.371.8 billion and decreased 8% or Ps.30.5 billion year
over year ("YoY").
- In 1Q22, Banco Macro's total deposits decreased 1% or Ps.5.9
billion QoQ, totaling Ps.677.5billion and representing 79% of the
Bank's total liabilities. Private sector deposits decreased 3% or
Ps.19.2 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.236.6 billion, 38.5% regulatory capital
ratio – Basel III and 33.7% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 93% of its
total deposits in 1Q22.
- In 1Q22, the Bank's non-performing to total financing ratio
was 1.64% and the coverage ratio reached 163.2%.
1Q22 Earnings Release Conference Call
Tuesday, May 24, 2022
Time: 11:00 a.m. Eastern Time |
12:00 p.m. Buenos Aires Time
To participate, please dial:
Argentina Toll Free:
(011) 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 05/24/2022 through
06/07/2022
IR Contacts in Buenos
Aires:
Jorge Scarinci
Chief
Financial Officer
Nicolás A. Torres
Investor Relations
Phone: (54 11) 5222 6682
E-mail:
investorelations@macro.com.ar
Visit our website at:
www.macro.com.ar/relaciones-inversores
View original
content:https://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-first-quarter-of-2022-301553291.html
SOURCE Banco Macro S.A.