Macro Bank Files 6-K with Q1 2024 Financials

TL;DR

Macro Bank dropped its Q1 2024 financials, check 'em out.

AI Summary

Macro Bank Inc. (Banco Macro SA) filed a Form 6-K on August 2, 2024, reporting its condensed interim financial statements as of March 31, 2024. The filing is a report of a foreign private issuer and includes financial information reviewed by an independent auditor.

Why It Matters

This filing provides investors with updated financial performance data for Macro Bank Inc. as of the first quarter of 2024, crucial for assessing its current financial health and investment potential.

Risk Assessment

Risk Level: low — The filing is a routine financial disclosure and does not contain any new or unusual risk factors.

Key Players & Entities

• Macro Bank Inc. (company) — Filer
• Banco Macro SA (company) — Registrant's name
• 001-32827 (other) — SEC File Number
• March 31, 2024 (date) — Reporting period end date
• August 2, 2024 (date) — Filing date

FAQ

Filing Documents

• tm2420671d1_6k.htm (6-K) — 4325KB
• 0001104659-24-085326.txt ( ) — 4326KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF MARCH 31, 2024 (Translation of Financial Statements originally issued in Spanish – See Note 44) (Figures stated in thousands of pesos in constant currency) 1. CORPORATE INFORMATION Banco Macro SA (hereinafter, the “Bank”) is a business corporation ( sociedad anónima ), organized in the Argentine Republic that offers traditional banking products and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its goal to be a multiservice bank. In addition, through its subsidiaries, the Bank performs transactions as a trustee agent, manager and administrator of mutual funds and renders stock exchange services, electronic payment services and granting of guarantees. Macro Compañía Financiera SA was created in 1977, as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA. The Bank’s shares are publicly listed on Bolsas y Mercados Argentinos (BYMA) since November 1994 and as from March 24, 2006 they are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015, they were authorized to be listed on the Mercado Abierto Electrónico SA (MAE). Since 1994, Banco Macro SA’s market strategy has mainly focused on the regional areas outside the Autonomous City of Buenos Aires (CABA, for its acronym in Spanish). Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization of provincial and other banks. During 2023, 2022, 2021 and 2020, the Bank in conjunction with other entities of the argentine financial system made contributions in the company Play Digital SA

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF MARCH 31, 2024 (Translation of Financial Statements originally issued in Spanish – See Note 44) (Figures stated in thousands of pesos in constant currency) As of March 31, 2024 and December 31, 2023, the deposits held by the Salta Provincial Government with the Bank amounted to 80,910,901 and 99,964,508 (including 10,555,369 and 13,315,896, related to court deposits), respectively. 2.3 Agreement with the Jujuy Provincial Government The Bank and the Jujuy Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since January 12, 1998, as the Provincial Government’s exclusive financial agent as well as revenue collection and obligation payment agent. On April 29, 2005 and July 8, 2014, extensions to such agreement were agreed upon, making it currently effective through September 30, 2024. As of March 31, 2024 and December 31, 2023, the deposits held by the Jujuy Provincial Government with the Bank amounted to 54,330,174 and 26,958,667 (including 6,921,715 and 8,335,212, related to court deposits), respectively. 2.4 Agreement with the Tucumán Provincial Government The Bank acts as an exclusive financial agent and as revenue collection and obligation payment agent of the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena. The services agreements with the Provincial and Municipal Governments are effective through years 2031, 2028 and 2025, respectively. As established in the original agreement, the service agreement with the Municipality of San Miguel de Tucumán was extended until 2028. As of March 31, 2024 and December 31, 2023, the deposits held by the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena with the Bank amounted to 131,392,396 and 64,433,984 (including 26,760,553 and 34,211,160, related

Financial Statements are as follows

Financial Statements are as follows: a) According to Communiqué “A” 6114, as supplemented, and in the convergence

View Full Filing

View this 6-K filing on SEC EDGAR