Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 8, 2026
Context: The filing announces a resolution by the Shareholders' Meeting to distribute a portion of the Optional Reserve Fund for Future Profit Distributions as a dividend. The distribution is derived from realized earnings from the audited annual financial statements for the fiscal year beginning January 1, 2025.
Key Financial Metrics
The filing focuses on dividend distribution rather than comprehensive financial performance metrics. Specific revenue, profit, cash flow, or debt figures for the period are not provided in this text.
- Total Dividend Amount (Constant Currency as of Dec 31, 2025): AR$ 138,956,468,470
- Total Dividend Amount (Constant Currency as of Feb 28, 2026): AR$ 147,101,261,954
- Dividend Per Share: AR$ 217.33
- Tax Withholding: 7% (under Section 97 of the Income Tax Law)
- Payment Structure: Cash or in-kind (valued at market price), or a combination.
Material Changes and Payment Terms
The filing details the mechanism for profit distribution under Argentine regulatory frameworks:
- Regulatory Compliance: The distribution complies with the maximum limit established by BCRA Communiqué "A" 8410 and does not breach existing bank commitments.
- Installment Schedule: Pursuant to Communiqué "A" 8410, dividends will be paid in three equal, non-cumulative monthly installments.
- Start Date: Payments commence on the third business day of May 2026.
- Currency Adjustment: Amounts are expressed in constant currency using the National Consumer Price Index (CPI) published by INDEC. Each installment is paid in constant currency as of the date of the shareholders' meeting.
Guidance, Outlook, and Risks
Authorization Requirement: The dividend distribution is subject to prior authorization from the Banco Central de la República Argentina (BCRA). The bank has indicated it will request this authorization pursuant to Communiqué "A" 7984.
Risks: The primary contingency is the potential delay or denial of BCRA authorization. Additionally, the "in-kind" portion of the dividend is subject to market price valuation at the time of distribution.
Investor Verification Checklist
- Confirm receipt of BCRA authorization for the dividend distribution.
- Verify the exact payment dates for the three monthly installments starting in May 2026.
- Monitor the INDEC CPI index to understand potential adjustments to the constant currency value of future installments.
- Review the full audited annual financial statements for the fiscal year beginning January 1, 2025, to assess the underlying earnings quality.
- Check for any updates regarding the 7% tax withholding application for international shareholders.