Business Context and Reporting Period
Macro Bank Inc. (Banco Macro) filed a Form 6-K on November 10, 2015, submitting a translation of a report to the Comisión Nacional de Valores (CNV) and the Buenos Aires Stock Exchange. The filing discloses financial data for the quarterly period ended September 30, 2015.
Key Financial Metrics
All figures are expressed in thousands of Argentine Pesos (AR $).
| Metric | Value (AR $ '000) |
|---|---|
| Net Income (Earnings) | 3,041,555 |
| Total Shareholders' Equity | 13,909,216 |
| Capital Stock | 584,563 |
| Retained Earnings | 3,144,475 |
| Legal Reserve | 2,684,790 |
| Optional Reserve | 7,069,230 |
The filing does not provide specific values for revenue, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes and Ownership Structure
The filing details the ownership structure of the controlling group, which holds 39.57% of the capital stock. The remaining 60.43% is held by other shareholders.
- Controlling Group: Composed of Jorge Horacio Brito, Delfín Jorge Ezequiel Carballo, and Juan Pablo Brito Devoto.
- Share Composition: The group holds 10,551,332 Class A shares and 220,784,465 Class B shares.
- Derivatives: The controlling group does not own debt securities convertible into shares or options to purchase shares.
The filing does not provide comparative data for the prior period to assess material changes in financial performance.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is strictly a disclosure of quarterly earnings and equity composition.
Investor Verification Checklist
- Verify the exchange rate used to convert Argentine Pesos to USD for international comparison.
- Confirm the full quarterly financial statements (including revenue and expenses) from the company's primary 20-F filing, as this 6-K only lists net income and equity.
- Review the specific terms of the "Special reserve for subordinated debt instrument" (AR $22,148) to understand capital structure implications.
- Check for any subsequent filings regarding the controlling group's shareholding changes.