Banco Macro Q1 Net Income Surges 131% YoY to Ps139.8B; Deposits Up 10%
BMA•Banco Macro’s Q1 net income rose 131% year-over-year to Ps139.8 billion (Ps152.9 billion excluding Ps12.9 billion restructuring), delivering an annualized ROAE of 10.9%. Total deposits reached Ps13.99 trillion, up 10% YoY, while capital adequacy remained robust at 32.4% under Basel III.
1. Strong Quarter Net Income
Banco Macro posted net income of Ps139.8 billion in Q1 2026, up 28% quarter-over-quarter and 131% year-over-year. Excluding Ps12.9 billion in restructuring charges, adjusted net income reached Ps152.9 billion, delivering an annualized ROAE of 10.9% and ROAA of 2.6%.
2. Operating Income and Deposits
Operating income before G&A and personnel expenses totaled Ps1.23 trillion, a 3% decline from Q4 2025 but 16% above Q1 2025 levels. Total deposits rose 10% year-over-year to Ps13.99 trillion—76% of liabilities—with peso deposits down 4% and USD deposits down 7% quarter-over-quarter.
3. Capital Adequacy and Credit Quality
Excess capital stood at Ps4.0 trillion, supporting a Basel III capital adequacy ratio and Tier 1 ratio of 32.4%. The non-performing to total financing ratio was 5.40% in Q1 2026, backed by a coverage ratio of 109.79%.
