Banco Macro Q2 2023 Net Interest Income Ps.107.9B Vs. Ps.115.56B; EPS Ps.69.02 Vs. Ps.13.98 YoY
Portfolio Pulse from Benzinga Newsdesk
Banco Macro's Q2 2023 net interest income was Ps.107.9 billion, down 11% from Q1 2023 and 7% YoY. However, its interest income was Ps.307.1 billion, up 9% from Q1 2023 and 48% YoY. Earnings per share were Ps.69.02, a 264% increase from Q1 2023 and 394% YoY. The bank's net income was Ps.44.2 billion, a 265% increase from Q1 2023 and 394% YoY. Total deposits increased 5% QoQ and 3% YoY, totaling Ps.1.9 trillion.
August 24, 2023 | 5:19 am
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Banco Macro's Q2 2023 results show a decrease in net interest income but significant increases in other areas such as interest income, EPS, and net income. Total deposits also increased.
Despite the decrease in net interest income, the significant increases in interest income, EPS, and net income, as well as the increase in total deposits, are positive indicators for Banco Macro. This could potentially lead to a positive impact on the bank's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100