Reported Late Thursday, Banco Macro Q1 EPADS $5.02 Up From $2.83 YoY, Net Interest Income Ps.167.5B Down From Ps. 378.801B YoY
Portfolio Pulse from Benzinga Newsdesk
Banco Macro reported its Q1 earnings per ADS of $5.02, up from $2.83 year-over-year. However, its net interest income decreased to Ps.167.5 billion from Ps.378.801 billion year-over-year.
May 23, 2024 | 8:01 am
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Banco Macro's Q1 earnings per ADS increased significantly to $5.02 from $2.83 year-over-year, indicating strong profitability. However, the substantial decline in net interest income to Ps.167.5 billion from Ps.378.801 billion year-over-year raises concerns about the bank's core revenue generation.
The increase in earnings per ADS is a positive indicator of profitability, but the sharp decline in net interest income suggests potential issues in the bank's core operations. This mixed result may lead to neutral short-term price movement as investors weigh the positive earnings against the negative revenue trend.
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