Banco Macro 4Q25 Net Income Rebounds to Ps100.1B, Deposits Rise 8%
Banco Macro reported 4Q25 net income of Ps100.1 billion, marking a rebound from the prior quarter’s loss but 26% below 4Q24, with ROAE of 5.1% and ROAA of 1.4%. Total deposits rose 8% quarter-over-quarter to Ps13.69 trillion, while operating income before expenses jumped 39% to Ps1.17 trillion.
1. Net Income Rebound and Profitability
Banco Macro recorded net income of Ps100.1 billion in 4Q25, recovering from a loss in 3Q25 yet down 26% year-over-year. Excluding Ps82.9 billion in non-recurring expenses, net income would have been Ps183 billion, with ROAE of 6.6% and ROAA of 1.8%.
2. Operating Income and Deposit Expansion
Operating income before G&A and personnel expenses reached Ps1.17 trillion, up 39% quarter-over-quarter and 9% year-over-year, while operating income after expenses totaled Ps453.2 billion, a 156% QoQ increase. Total deposits climbed 8% QoQ to Ps13.69 trillion, driven by an 11% rise in private sector deposits and a 10% gain in USD deposits.
3. Capital Adequacy and Asset Quality
Banco Macro maintained excess capital of Ps3.61 trillion, with a Basel III capital adequacy ratio and Tier 1 ratio of 30.6%, and liquid assets covering 73% of deposits. The non-performing financing ratio was 3.87%, with a coverage ratio of 119.86%.