Quarterly ResultMay 27, 2026, 05:12 PM
Macro Bank Q1 Net Income Ps.139.8B, +28% QoQ; Acquires Banco Sáenz
AI Summary
Macro Bank Inc. reported a net income of Ps.139.8 billion for Q1 2026, a 28% increase quarter-over-quarter and 131% year-over-year, with an annualized ROAE of 10% and ROAA of 2.4%. The bank also announced an agreement to acquire 100% of Banco Sáenz S.A. to expand its digital ecosystem, pending regulatory approval. Operating income increased by 15% QoQ, while total financing decreased 9% and total deposits decreased 7% QoQ. The bank maintained strong solvency with a 32.4% Capital Adequacy Ratio and reduced its branch network by 24 and headcount by 3% as part of a restructuring plan, though the non-performing loan ratio deteriorated to 5.40%.
Key Highlights
- Agreed to acquire 100% of Banco Sáenz S.A. to expand its digital ecosystem.
- Net income totaled Ps.139.8 billion, up 28% QoQ and 131% YoY.
- Operating income (after expenses) reached Ps.569.8 billion, up 15% QoQ.
- Annualized Return on Average Equity (ROAE) was 10% and ROAA was 2.4%.
- Total financing decreased 9% QoQ to Ps.10.63 trillion.
- Total deposits decreased 7% QoQ to Ps.13.99 trillion.
- Capital Adequacy Ratio stood at 32.4% with Ps.4.0 trillion in excess capital.
- Non-performing to total financing ratio increased to 5.40% from 3.87% in 4Q25.
Price Impact
More from BMA