Macro Bank Q2 2026: Net Income Up 39% QoQ to AR$206.8B, NPLs Rise to 6.25%

summarizeSummary

Macro Bank's Q2 2026 net income rose 39% QoQ to AR$206.8 billion, but non-performing loans jumped to 6.25% and coverage weakened. Restructuring costs and branch closures reflect ongoing efficiency efforts.

check_boxKey Events · Earnings and Guidance · BMA

• Net Income Jumps 39% QoQ

  Q2 2026 net income reached AR$206.8 billion, up from AR$149.2 billion in Q1 2026, driven by lower loan-loss provisions and a smaller net monetary position loss.

• Asset Quality Deteriorates

  Non-performing loans to total financing rose to 6.25% from 5.40% in Q1, while the coverage ratio fell to 95.39% from 109.8%. Consumer NPLs worsened to 8.42%.

• Restructuring Costs Hit Results

  AR$21.9 billion in restructuring expenses (AR$14.2 billion after tax) were recorded for early retirement plans and severance. The bank closed 18 branches and reduced headcount by 1% in Q2.

• Capital and Liquidity Remain Strong

  Excess capital stood at AR$4.1 trillion (243% excess), with a 28% capital adequacy ratio and Tier 1 ratio. Liquid assets covered 74% of total deposits.

auto_awesomeAnalysis · BMA · Finance

Banco Macro's second-quarter results show a sharp 39% sequential jump in net income to AR$206.8 billion, driven by lower loan-loss provisions and a smaller inflation-related loss. However, asset quality deteriorated meaningfully: the non-performing loan ratio climbed 85 basis points to 6.25%, and the coverage ratio fell to 95.4% from 109.8% in Q1. The bank also booked AR$21.9 billion in restructuring costs as it closed 18 branches and cut headcount by 1%. With excess capital of AR$4.1 trillion and a 28% capital adequacy ratio, the bank remains well-capitalized, but the rising credit stress in Argentina's consumer portfolio is the key risk to watch.