Banco Macro S.A. Q2 2025 Earnings Recap

Banco Macro posted a remarkable 209% increase in net income for Q2 2025, driven by growth in net interest income and fees, alongside a significant reduction in inflation-related losses.

Key Takeaways

• Net income surged to ARS 149.5 billion, with an annualized ROE of 12% and ROA of 3.5%.
• Net interest income rose by 14% quarter-on-quarter to ARS 696.9 billion, reflecting a solid increase in loan volumes and lending rates.
• Net fee income increased 16% to ARS 108.4 billion, with a notable rise in credit card fees.
• The efficiency ratio improved significantly to 33.9%, down from 38.2% in Q1 2025 and 55.6% a year ago.
• Provisions for loan losses climbed 47% from the previous quarter, attributed to heightened loan growth.