Banco Macro Revises 2025 Guidance Amid Market Changes

Banco Macro has revised its 2025 guidance, aiming for 60% loan growth and a reduced return on equity (ROE) target of 8-10% due to changing market conditions. The bank has outlined its revised guidance amid market uncertainty and an economic slowdown. The revised targets reflect Banco Macro's cautious approach to the current market conditions.

Banco Macro S.A. (NYSE: BMA; BYMA: BMA) has announced revised financial guidance for 2025, reflecting a cautious approach to the current market conditions and economic slowdown. The bank aims for a 60% loan growth rate and a reduced return on equity (ROE) target of 8-10% [1].

The revised targets come as a response to market uncertainty and a slowdown in economic activity. Banco Macro's first-quarter results, released on May 28, 2025, showed a significant decline in net income and operating income, underscoring the bank's need for a more conservative outlook [1].

The bank's net income for the first quarter of 2025 totaled Ps.45.7 billion, a 59% decrease from the fourth quarter of 2024. Operating income before general and administrative expenses and personnel expenses also dropped by 9% compared to the fourth quarter of 2024 [1].

Banco Macro's total financing increased by 22% quarter over quarter, totaling Ps.7.7 trillion, while total deposits rose by 5% to Ps.9.6 trillion. The bank maintained a strong solvency ratio with an excess capital of Ps.3.2 trillion and a capital adequacy ratio of 34.3% [1].

The Federal Reserve's recent concerns about inflation and tariffs have contributed to market uncertainty, leading to a cautious approach from Banco Macro. The US 10-year Treasury yield has risen to 4.473%, signaling investors' skepticism about future rate cuts by the Fed [2].

Banco Macro's revised targets aim to mitigate the impact of these challenges and ensure sustainable growth. The bank's focus on loan growth and ROE reflects its commitment to maintaining profitability while navigating the current economic conditions.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250528mx98010/banco-macro-announces-results-for-the-first-quarter-of-2025
[2] https://www.fxstreet.com/news/us-treasury-yields-climb-as-minutes-highlight-fed-wait-and-see-mode-202505282045