Form 6 K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

November 27, 2024

Commission File Number: 001-32827

MACRO BANK INC.

(Translation of registrant's name into English)

Avenida Eduardo Madero 1182

Ciudad Autónoma de Buenos Aires C1106 ACY

Tel: 54 11 5222 6500

(Address of registrant's principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Index

· THE BANK'S NET INCOME totaled Ps.91.3 billion in 3Q24. This result was 293% or Ps.68.1 billion higher than in 3Q23. In 3Q24, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 6.8% and 2.1%, respectively.

· In 3Q24, OPERATING INCOME (before G&A and personnel expenses) totaled Ps.829.2 billion, 61% or Ps.313 billion higher than in 2Q24 and 25% or Ps.272.3 lower than 3Q24.

· In 3Q24, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.403.7 billion, 263% or Ps.292.6 billion higher than in 2Q24 and 44% or Ps.322.5 billion lower than the same period of last year.

· In 3Q24, BANCO MACRO'S TOTAL FINANCING increased 17% or Ps.657.9 billion quarter over quarter ("QoQ") totaling Ps.4.55 trillion and increased 28% or Ps.988 billion year over year ("YoY"). In 3Q24 peso financing increased 19% while USD financing decreased 1%.

· In 3Q24, BANCO MACRO'S TOTAL DEPOSITS increased 7% or Ps.516 billion QoQ and increased 30% or Ps.1.9 trillion YoY, totaling Ps.8.1 trillion and representing 76% of the Bank's total liabilities. Private sector deposits increased 6% or Ps.401.8 billion QoQ. In 3Q24, Peso deposits decreased 15% while USD deposits increased 87%.

· Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.2.5 trillion, 32.8% Capital Adequacy Ratio - Basel III and 32.8 % Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching 91% of its total deposits in 3Q24.

· In 3Q24, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was 1.15% and the COVERAGE RATIO reached 177.6%.

· As of 3Q24, through its 515 branches and 9.109 employees Banco Macro serves 5.24 million retail customers (2.21 million digital customers) across 23 of the 24 Provinces in Argentina and over 161,180 corporate customers.

This press release includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements, including, among other things: inflation; changes in interest rates and the cost of deposits; government regulation; adverse legal or regulatory disputes or proceedings; credit and other risks of lending, such as increases in defaults by borrowers; fluctuations and declines in the value of Argentine public debt; competition in banking and financial services; deterioration in regional and national business and economic conditions in Argentina; and fluctuations in the exchange rate of the peso.

The words "believe," "may," "will," "aim," "estimate," "continue," "anticipate," "intend," "expect" and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward-looking events and circumstances discussed in this press release might not occur and are not guarantees of future performance.

This report is a summary analysis of Banco Macro's financial condition and results of operations as of and for the period indicated. For a correct interpretation, this report must be read in conjunction with all other material periodically filed with the Comisión Nacional de Valores (www.cnv.gob.ar), the Securities and Exchange Commission (www.sec.gov), Bolsas y mercados Argentinos (www.byma.com.ar) and the New York Stock Exchange (www.nyse.com). In addition, the Central Bank (www.bcra.gov.ar) may publish information related to Banco Macro as of a date subsequent to the last date for which the Bank has published information.

Readers of this report must note that this is a translation made from an original version written and expressed in Spanish. Consequently, any matters of interpretation should be referred to the original version in Spanish.

This Earnings Release has been prepared in accordance with the accounting framework established by the Central Bank of Argentina ("BCRA"), based on International Financial Reporting Standards ("I.F.R.S.") and the resolutions adopted by the International Accouting Standards Board ("I.A.S.B") and by the Federación Argentina de Consejos Profesionales de Ciencias Económicas ("F.A.C.P.E."). As of January 2020 the Bank started reporting with the application of (i) Expected losses of IFRS 9 "Financial Instruments" and (ii) IAS 29 "Financial Reporting in Hyperinflationary Economies". Data and figures shown in this Earnings Release may differ from the ones shown in the 20-F annual report. As of fiscal year 2021, the monetary result accrued by items of a monetary nature measured at fair value with changes in Other Comprehensive Income (OCI), is recorded in the Result form the Net Monetary Position integrating the Net Result of the period in accordance with Communication "A" 7211 of the Central Bank of Argentina. Previous quarters of 20223 have been restated in accordance with said Communication in order to make a comparison possible

3Q24 Earnings Release Conference Call

Monday, December 2, 2024

Time:

11:00 a.m. Eastern Time

01:00 p.m. Buenos Aires Time

To participate, please dial:

Argentina Toll Free:

(011) 3984 5677

Participants Dial In (Toll Free):

+1 (844) 450 3847

Participants International Dial In:

+1 (412) 317 6370

Conference ID: Banco Macro

Webcast: click here

Webcast Replay: click here

Available from 12/2/2024 through 12/16/2024

IR Contacts in Buenos Aires:

Jorge Scarinci

Chief Financial Officer

Nicolás A. Torres

Investor Relations

Phone: (54 11) 5222 6682

E-mail: investorelations@macro.com.ar

Visit our website at:

www.macro.com.ar/relaciones-inversores

Earnings per outstanding share were Ps.142.1 in 3Q24, 293% higher than in 3Q23.

Banco Macro's 3Q24 net income totaled a Ps.91.3 billion gain, 293% or Ps.68.1 billion higher than in 3Q23. This result is mainly due to higher net interest income and a lower loss related to result from the net monetary position (lower inflation registered in the quarter).

As of 3Q24 the accumulated result represented an annualized ROAE and ROAA of 6.8% and 2.1% respectively.

Net operating income (before G&A and personnel expenses) was Ps.829.2 billion in 3Q24, 61% or Ps.313 billion higher compared to 2Q24. On a yearly basis, Net Operating Income (before G&A and personnel expenses) decreased 25% or Ps.272.3billion.

In 3Q24, Provision for loan losses totaled Ps.23 billion, 24% or Ps.4.5 billion higher than in 2Q24. On a yearly basis provision for loan losses increased 53% or Ps.7.9 billion.

Operating income (after G&A and personnel expenses) was Ps.403.7 billion in 3Q24, 263% or Ps.292.6 billion higher than in 2Q24 and 44% or Ps.322.5 billion lower than a year ago.

The Bank's 3Q24 net interest income totaled Ps.569.1 billion, 167% or Ps.356.1 billion higher than in 2Q24 and 63% or Ps.220.9 billion higher YoY. Interest income increased 23% while interest expenses decreased 40%.

In 3Q24 interest income totaled Ps.857.6 billion, 23% or Ps.160.4 billion higher than in 2Q24 and 35% or Ps.468.4 billion lower than in 3Q23.

Income from interest on loans and other financing totaled Ps.405.4 billion, 13% or Ps56.9 billion lower compared with the previous quarter mainly due to a 15.4 percentage points decrease in the average lending rate which was partially offset by a 20% increase in the average volume of private sector loans. On a yearly basis Income from interest on loans decreased 28% or Ps.161.1 billion.

In 3Q24, income from government and private securities increased 143% or Ps.253 billion QoQ and decreased 33% or Ps.210.1 billion compared with the same period of last year. This result is explained 80% by income from government and private securities valued at amortized cost and the remaining 20% is explained by income from government and private securities through other comprehensive income (Other government securities)

In 3Q24, income from Repos totaled Ps.18.6 billion, 66% or Ps.36 billion lower than the previous quarter and 84% or Ps.97.5 billion lower than a year ago.

In 3Q24 FX income totaled Ps.16.3 billion, 43% or Ps.12.5 billion lower than the previous quarter and 98% or Ps.719.4 billion lower than a year ago. FX income gain was due to the 6.5% argentine peso depreciation against the US dollar and the Bank's long dollar position during the quarter.

The Bank's 3Q24 interest expense totaled Ps.288.4 billion, decreasing 40% or Ps.195.7 billion compared to the previous quarter and 71% (Ps.689.4 billion) lower compared to 3Q23.

In 3Q24, interest on deposits represented 96% of the Bank's total interest expense, decreasing 41% or Ps.191.3 billion QoQ, due to a 12.4 percentage points decrease in the average rate paid on deposits while the average volume of deposits from the private sector decreased 11%. On a yearly basis, interest on deposits decreased 71% or Ps.682.4billion.

In 3Q24, the Bank's net interest margin (including FX) was 31.5%, higher than the 20% posted in 2Q24 and lower than the 60.6% posted in 3Q23.

In 3Q24 Banco Macro's net fee income totaled Ps.117.8 billion, 8% or Ps.9.2 billion higher than in 2Q24 and was 7% or Ps.8.1 billion higher than the same period of last year.

In the quarter, fee income totaled Ps.138.6 billion, 9% or Ps.11.6 billion higher than in 2Q24. In the quarter insurance fees increased 37% or Ps.2.3 billion, corporate services fees increased 18% or Ps.3 billion while credit card fees increased 18% or Ps.3.8 billion. On a yearly basis, fee income increased 14% or Ps.16.8 billion.

In the quarter, total fee expense increased 13% or Ps2.5 billion, mainly due to higher ATM networks fees. On a yearly basis, fee expenses increased 71% or Ps.8.6 billion.

In 3Q24 Net Income from financial assets and liabilities at fair value through profit or loss totaled a Ps.103.6 billion gain, decreasing 24% or Ps.32.3 billion in the quarter. This result was mainly due to a 4% decrease in income from government securities and 58% decrease in income from private securities.

In the quarter, Other Operating Income totaled Ps.45 billion, 7% or Ps.3.3 billion lower than in 2Q24. Others decreased 49% or Ps.6.7 billion while income from initial recognition of financial assets and liabilities decreased 141% or Ps.2.8 billion. Other service related fees increased 31% or Ps.5.6 billion. On a yearly basis, Other Operating Income increased 29% or Ps.10.1 billion.

In 3Q24 Banco Macro's administrative expenses plus employee benefits totaled Ps.251.9 billion, 11% or Ps.24.9 billion higher than the previous quarter, due to higher employee benefits (+6%) and higher (+22%) administrative expenses. On a yearly basis, administrative expenses plus employee benefits increased 23% or Ps.47.4 billion.

Employee benefits increased 6% or Ps.8.7 billion QoQ, remunerations increased 8% or Ps.8.3 billion while Employee services increased 35% or Ps.1.6 billion. On a yearly basis, Employee benefits increased 21% or Ps.22.4 billion.

In 3Q24, administrative expenses increased 22% or Ps.16.2 billion, due to higher Directors and auditors fees and higher Other administrative expenses. On a yearly basis administrative expenses increased 27% or Ps.18.9 billion.

In 3Q24, the efficiency ratio reached 36.3%, improving significantly from the 55.6% posted in 2Q24 and deteriorating from the 22.4% posted a year ago. In 3Q24 expenses (employee benefits + G&A expenses + depreciation and impairment of assets) increased 10%, while income (net interest income + net fee income + differences in quoted prices of gold and foreign currency + other operating income + net income from financial assets at fair value through profit or loss - (Turnover Tax + Insurance on deposits)) increased 68% compared to 2Q24.

In 2Q24, Other Operating Expenses totaled Ps.142.9 billion, decreasing 3% or Ps.4.8 billion QoQ, due to lower Other operating expenses (25% or Ps.17.5billion), while Initial recognition charges on financial assets and liabilities increased Ps.10.2 billion. On a yearly basis, Other Operating Expenses decreased 2% or Ps.2.3 billion.

In 2Q24, the result from the net monetary position totaled a Ps.283.9 billion loss, 45% or Ps.234.8 billion lower than the loss posted in 2Q24 and 57% or Ps.383.3 billion lower than the loss posted one year ago. This result is a consequence of lower inflation during the quarter (inflation decreased to 12.1% in 3Q24 from 18.6% in 2Q24)