Banco Macro S.A. (BMA)

Banco Macro Income Statement

Financials in millions ARS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,591,227	2,450,648	1,907,264	439,127	461,854	206,344
Total Interest Income	2,591,227	2,450,648	1,907,264	439,127	461,854	206,344
Interest Paid on Deposits	1,893,149	1,621,299	956,458	183,872	178,866	87,344
Total Interest Expense	1,893,149	1,621,299	956,458	183,872	178,866	87,344
Net Interest Income	698,078	829,349	950,806	255,254	282,987	119,000
Net Interest Income Growth (YoY)	-42.58%	-12.77%	272.49%	-9.80%	137.80%	200.16%
Gain (Loss) on Sale of Assets	-1,356	-1,382	-1,689	-64.04	-389.23	4,273
Gain (Loss) on Sale of Investments	-	-	-	-	-	-3,902
Other Non-Interest Income	3,375,050	2,062,125	620,591	122,368	139,184	-9,951
Total Non-Interest Income	3,373,694	2,060,743	618,902	122,304	138,794	-9,581
Non-Interest Income Growth (YoY)	256.43%	232.97%	406.04%	-11.88%	-	-
Revenues Before Loan Losses	4,071,772	2,890,091	1,569,708	377,558	421,782	109,419
Provision for Loan Losses	62,267	45,945	20,424	5,056	23,115	5,830
Revenue	4,009,505	2,844,147	1,549,284	372,502	398,667	103,589
Revenue Growth (YoY)	88.57%	83.58%	315.91%	-6.56%	284.85%	107.13%
Salaries and Employee Benefits	431,700	278,509	241,772	64,312	65,232	28,865
Occupancy Expenses	84,222	58,099	47,485	13,880	12,944	4,093
Selling, General & Administrative	190,758	137,285	101,954	33,433	37,298	15,364
Other Non-Interest Expense	2,708,642	1,653,347	962,261	214,006	168,398	13,522
Total Non-Interest Expense	3,264,738	1,971,836	1,353,826	325,462	283,892	60,620
EBT Excluding Unusual Items	744,767	872,310	195,459	47,040	114,774	42,969
Asset Writedown	363.42	342.33	528.23	-	-	37.33
Other Unusual Items	-2,523	-2,570	-1,358	-174.48	487.77	475.8
Pretax Income	742,607	870,082	194,629	46,866	115,262	43,482
Income Tax Expense	195,042	282,428	60,582	2,310	38,361	17,006
Earnings From Continuing Operations	547,566	587,655	134,047	44,556	76,901	26,476
Minority Interest in Earnings	-552.97	-350.74	-22.06	-1.46	-1.07	-0.24
Net Income	547,013	587,304	134,025	44,554	76,900	26,476
Net Income to Common	547,013	587,304	134,025	44,554	76,900	26,476
Net Income Growth	185.11%	338.20%	200.81%	-42.06%	190.45%	68.32%
Basic Shares Outstanding	639	639	639	639	639	639
Diluted Shares Outstanding	639	639	639	639	639	639
Shares Change (YoY)	-0.02%	-	-	-	0.00%	-3.29%
EPS (Basic)	855.63	918.51	209.61	69.68	120.27	41.41
EPS (Diluted)	855.63	918.51	209.61	69.68	120.27	41.41
EPS Growth	185.16%	338.20%	200.81%	-42.06%	190.45%	74.05%
Dividend Per Share	-	628.288	117.360	22.180	15.640	20.000
Dividend Growth	-	435.35%	429.13%	41.82%	-21.80%	100.00%
Effective Tax Rate	26.26%	32.46%	31.13%	4.93%	33.28%	39.11%

Source: S&P Capital IQ. Banks template. Financial Sources.