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Stock impact report

Banco Macro Announces Results for the Fourth Quarter of 2018

Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA) 
Last banco macro s.a. adr (representing ten class b common shares) earnings: 2/19 05:15 pm Check Earnings Report
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, March 8, 2019 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2018 ("4Q18").  All figures are in Argentine pesos (Ps.) SummaryThe Bank's net income totaled Ps.5.2 billion in 4Q18. This result was 37% higher than the Ps.3.8 billion posted in 3Q18 and 67% higher than in 4Q17. In 4Q18, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 30.7 % and 5.8%, respectively. Net income of Ps.15.8 billion in FY2018 was 55% higher than net income in FY2017. In 4Q18, Banco Macro's financing to the private sector grew 2% or Ps.3.8 billion quarter over quarter ("QoQ") totaling Ps.171.5 billion and increased 34% or Ps.44 billion year over year ("YoY"). In the quarter, growth was driven by commercial loans, among which Documents stand out, with a 9% growth QoQ. Meanwhile within consume Show less Read more
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