Banco Macro Announces Results for the Third Quarter of 2025
Financial Performance: Banco Macro reported a net income of Ps.176.7 billion for the first nine months of 2025, a 35% decrease compared to the same period in 2024, with an annualized return on average equity of 4.5% and return on average assets of 1.3%.
Operating Income and Financing: The bank's operating income for 9M25 was Ps.1.03 trillion, down 64% from the previous year, while total financing increased by 3% quarter over quarter and 69% year over year, totaling Ps.10.12 trillion.
Deposits and Solvency: Total deposits rose by 5% QoQ and 11% YoY, reaching Ps.11.81 trillion, with a strong solvency ratio indicated by an excess capital of Ps.3.30 trillion and a capital adequacy ratio of 29.9%.
Customer Base and Non-Performing Loans: Banco Macro serves 6.29 million retail customers and 219,235 corporate customers, with a non-performing to total financing ratio of 3.19% and a coverage ratio of 120.87%.
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Stock Market Update, Dec. 17: Nu Holdings Declines as Mixed Institutional Actions Indicate Uncertainty
Nu Holdings Stock Performance: Nu Holdings closed at $15.86, down 2.10%, with trading volume significantly above its three-month average, reflecting investor concerns about sustaining profitability gains amid mixed institutional ownership signals.
Market Context: The S&P 500 and Nasdaq Composite also experienced declines, indicating a broader downturn in the market, particularly affecting Latin American financial stocks like Banco Macro and Grupo Financiero Galicia.
Institutional Ownership Changes: Recent 13F filings showed contrasting actions from asset managers regarding Nu Holdings, with Assenagon Asset Management increasing its stake by nearly 92%, while Salem Investment Counselors reduced its position slightly, suggesting differing strategies rather than fundamental concerns.
Investment Insights: The Motley Fool recommends Nu Holdings and highlights the potential benefits of following their stock tips, noting their Stock Advisor's impressive average return compared to the S&P 500.
Banco Macro: Overview of Q3 Earnings
Financial Loss: Banco Macro SA reported a loss of $24.9 million in its third quarter, equating to a loss of 39 cents per share.
Revenue Performance: The bank's revenue for the period was $1.05 billion, with net revenue of $650.3 million falling short of market expectations.
Stock Decline: Banco Macro's shares have decreased by 15% since the start of the year, closing at $82.21, which is nearly a 2% decline over the past 12 months.
Source of Information: The report was generated by Automated Insights using data from Zacks Investment Research.
