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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

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Banco Macro Q2 2023 Net Interest Income Ps.107.9B Vs. Ps.115.56B; EPS Ps.69.02 Vs. Ps.13.98 YoY

Author: Benzinga Newsdesk | August 24, 2023 01:19am

The Bank’s 2Q23 net interest income totaled Ps.107.9 billion, 11% or Ps.12.9 billion lower than in 1Q23 and 7% or Ps.7.9 lower YoY.
In 2Q23 interest income totaled Ps.307.1 billion, 9% or Ps.24.1 billion higher than in 1Q23 and 48% or Ps.100.1 billion higher than in 2Q22.
Earnings per outstanding share were Ps.69.02 in 2Q23, 264% higher than in 1Q23 and 394% higher than the result posted a year ago.
The Bank’s net income totaled Ps.44.2 billion in 2Q23. This result was 265% higher than the Ps.12.1 billion posted in 1Q23 and 394% higher than the Ps.8.9 billion posted in 2Q22
In 2Q23, Banco Macro's total deposits increased 5% or Ps.90.2 billion QoQ and increased 3% or Ps.52.8 billion YoY, totaling Ps.1.9 trillion and representing 81% of the Bank's total liabilities. Private sector deposits increased 6% or Ps.94.7 billion QoQ.

Posted In: BMA