Macro Bank Inc. Files 6-K with Q3 2024 Financials

TL;DR

Macro Bank dropped its Q3 2024 financials. Check it out.

AI Summary

Macro Bank Inc. (Banco Macro SA) filed a Form 6-K on January 28, 2025, reporting its condensed interim financial statements as of September 30, 2024. The filing provides an update on the company's financial position for the period ending September 30, 2024.

Why It Matters

This filing provides investors with an update on Macro Bank's financial performance and position as of the third quarter of 2024, crucial for assessing its current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing interim financial statements, not announcing major corporate events or significant financial changes.

Key Players & Entities

• Macro Bank Inc. (company) — Filer
• Banco Macro SA (company) — Registrant's name in Spanish
• 001-32827 (other) — Commission File Number
• September 30, 2024 (date) — Reporting period for financial statements
• January 28, 2025 (date) — Filing date

FAQ

Filing Documents

• tm254375d1_6k.htm (6-K) — 5059KB
• 0001104659-25-006574.txt ( ) — 5060KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 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, for its acronym in Spanish) 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, for its acronym in Spanish). 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 banks and other banking institutions. On May 18, 2023, Banco Macro SA acquired 100% of the capital stock of Macro Agro

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2024 (Translation of Financial Statements originally issued in Spanish – See Note 44) (Figures stated in thousands of pesos in constant currency) 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, July 8, 2014 and September 26, 2024, extensions to such agreement were agreed upon, making it currently effective through September 30, 2034. As of September 30, 2024 and December 31, 2023, the deposits held by the Jujuy Provincial Government with the Bank amounted to 70,081,734 and 35,841,482 (including 10,807,882 and 11,081,644, 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 September 30, 2024 and December 31, 2023, the deposits held by the Tucumán

View Full Filing

View this 6-K filing on SEC EDGAR