Business Context and Reporting Period
Macro Bank Inc. (Banco Macro S.A.) filed Form 6-K on August 31, 2020, submitting a translation of a report to the Argentine National Securities Commission (CNV). The financial data provided covers the period ended June 30, 2020.
Key Financial Metrics
All figures are in thousands of Argentine Pesos (AR$).
| Metric | Value |
|---|---|
| Net Income (Total) | 13,850,207 |
| Net Income (Attributable to Shareholders) | 13,850,037 |
| Other Comprehensive Income | (483,709) |
| Total Comprehensive Income | 13,366,498 |
| Net Shareholders' Equity | 119,201,760 |
| Capital Stock | 639,413 |
| Unappropriated Retained Earnings | (28,372,108) |
The filing does not provide specific values for revenue, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes and Shareholder Structure
The filing does not provide comparative data for the prior period to determine material changes in financial performance. However, it discloses the following ownership structure as of the reporting date:
- ANSES-F.G.S.: 28.80% of capital stock; 26.90% of voting rights.
- Other shareholders (Foreign Stock Exchange): 28.50% of capital stock; 26.63% of voting rights.
- Delfín Jorge Ezequiel Carballo: 17.47% of capital stock; 19.19% of voting rights.
- Jorge Horacio Brito: 17.30% of capital stock; 19.30% of voting rights.
- Other shareholders (Local Stock Exchange): 7.93% of capital stock; 7.98% of voting rights.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a statutory disclosure of financial statement figures and ownership percentages.
Investor Verification Checklist
- Verify the exchange rate used to convert AR$ figures to USD for accurate valuation analysis.
- Confirm the full revenue and expense breakdown, as this filing only reports net income and equity.
- Review the full Form 20-F for detailed liquidity, debt, and risk disclosures not present in this 6-K.
- Investigate the cause of the negative Unappropriated Retained Earnings balance despite positive net income.