Banco Macro S.A. (BMA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Banco Macro S.A. (BMA) stock price & volume — 10-year historical chart
Banco Macro S.A. (BMA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Banco Macro S.A. (BMA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $1.98vs $1.38+43.5% | $898Mvs $759M+18.4% |
| Q1 2026 | Feb 25, 2026 | $1.98vs $1.38+43.5% | $898Mvs $759M+18.4% |
| Q4 2025 | Nov 26, 2025 | $0.39vs $0.67-158.2% | $1.0Bvs $732M+38.2% |
| Q3 2025 | Aug 27, 2025 | $1.95vs $1.99-2.0% | $1.1B |
Banco Macro S.A. (BMA) competitors in Non-US regional and universal banks — business model, growth, and fundamentals comparison
Banco Macro S.A. (BMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Banco Macro S.A. (BMA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 14.86B | 60.49B | 101.01B | 179.62B | 284.48B | 800.1B | 2.08T | 1.8T | 1.61T | 2.59T |
| NII Growth % | 40.81% | 307.02% | 66.99% | 77.83% | 58.38% | 181.24% | 159.78% | -13.44% | -10.58% | 504.43% |
| Net Interest Margin % | 5.04% | 17.89% | 18.69% | 29.63% | 24.33% | 41.1% | 31.93% | 12.3% | 11.1% | 12.6% |
| Interest Income | 28.16B | 86.63B | 164.21B | 311.46B | 461.85B | 1.37T | 4.17T | 5.35T | 3.55T | 4.21T |
| Interest Expense | 13.3B | 26.14B | 63.21B | 131.84B | 178.87B | 574.16B | 2.09T | 3.55T | 1.94T | 1.62T |
| Loan Loss Provision | -13.3B | -26.14B | -63.21B | 8.93B | 23.11B | 15.75B | 46.78B | 100.1B | 108.11B | 369.24B |
| Non-Interest Income | -6.69B | 346.01M | -34.53B | 75.96B | 126.08B | 327.44B | 1.2T | 4.34T | 2.91T | 1.3T |
| Non-Interest Income % | -31.16% | 0.4% | -26.63% | 19.61% | 21.44% | 19.24% | 22.37% | 44.81% | 45.06% | 23.53% |
| Total Revenue | 21.47B▲ 0% | 86.98B▲ 305.1% | 129.68B▲ 49.1% | 387.42B▲ 198.7% | 587.93B▲ 51.8% | 1.7T▲ 189.4% | 5.37T▲ 215.6% | 9.69T▲ 80.5% | 6.46T▼ 33.3% | 5.51T▲ 0% |
| Revenue Growth % | 34.13% | 305.08% | 49.1% | 198.75% | 51.76% | 189.44% | 215.63% | 80.48% | -33.31% | -63.1% |
| Non-Interest Expense | 21.47B | 86.98B | 129.68B | 177.48B | 270.69B | 965.84B | 2.83T | 4.16T | 4.05T | 3.06T |
| Efficiency Ratio | 100% | 100% | 100% | 45.81% | 46.04% | 56.76% | 52.73% | 42.91% | 62.71% | 55.58% |
| Operating Income | 0▲ 0% | 0▲ 0% | 0▲ 0% | 69.17B▲ 0% | 115.26B▲ 66.6% | 145.94B▲ 26.6% | 401.07B▲ 174.8% | 1.88T▲ 369.5% | 360.01B▼ 80.9% | 455.67B▲ 0% |
| Operating Margin % | 0% | 0% | 0% | 17.85% | 19.6% | 8.58% | 7.47% | 19.43% | 5.57% | 8.27% |
| Operating Income Growth % | - | - | - | - | 66.64% | 26.62% | 174.81% | 369.5% | -80.88% | - |
| Pretax Income | 10.02B▲ 0% | 22.07B▲ 120.3% | 18.34B▼ 16.9% | 69.17B▲ 277.2% | 115.26B▲ 66.6% | 145.94B▲ 26.6% | 401.07B▲ 174.8% | 1.88T▲ 369.5% | 360.01B▼ 80.9% | 455.67B▲ 0% |
| Pretax Margin % | 46.66% | 25.37% | 14.14% | 17.85% | 19.6% | 8.58% | 7.47% | 19.43% | 5.57% | 8.27% |
| Income Tax | 3.48B | 12.94B | 19.84B | 26.59B | 38.36B | 7.19B | 124.57B | 614.79B | 33.52B | 162.71B |
| Effective Tax Rate % | 34.71% | 58.61% | 108.18% | 38.45% | 33.28% | 4.93% | 31.06% | 32.65% | 9.31% | 35.71% |
| Net Income | 6.54B▲ 0% | 9.13B▲ 39.6% | -1.5B▼ 116.4% | 42.57B▲ 2938.1% | 76.9B▲ 80.6% | 138.74B▲ 80.4% | 276.45B▲ 99.3% | 1.27T▲ 358.5% | 325.5B▼ 74.3% | 291.41B▲ 0% |
| Net Margin % | 30.46% | 10.5% | -1.16% | 10.99% | 13.08% | 8.15% | 5.15% | 13.08% | 5.04% | 5.29% |
| Net Income Growth % | 30.56% | 39.63% | -116.42% | 2938.07% | 80.63% | 80.42% | 99.25% | 358.47% | -74.32% | -59.05% |
| Net Income (Continuing) | 6.54B | 9.13B | -1.5B | 42.57B | 76.9B | 138.75B | 276.5B | 1.27T | 326.49B | 292.96B |
| EPS (Diluted) | 110.40▲ 0% | 134.80▲ 22.1% | -23.10▼ 117.1% | 638.10▲ 2862.3% | 473.60▼ 25.8% | 424.20▼ 10.4% | 673.10▲ 58.7% | 9185.40▲ 1264.6% | 5090.60▼ 44.6% | 4557.49▲ 0% |
| EPS Growth % | 28.82% | 22.1% | -117.14% | 2862.34% | -25.78% | -10.43% | 58.68% | 1264.64% | -44.58% | -44.45% |
| EPS (Basic) | 110.40 | 134.80 | -23.10 | 638.10 | 473.60 | 424.20 | 673.10 | 9185.40 | 5090.60 | - |
| Diluted Shares Outstanding | 59.22M | 67.73M | 64.84M | 63.9M | 63.94M | 63.94M | 63.94M | 63.94M | 63.94M | 63.94M |
Banco Macro S.A. (BMA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 66.31B | 52.51B | 115.01B | 137.07B | 196.18B | 335.69B | 1.21T | 3.33T | 3.21T | 11.86T |
| Cash & Due from Banks | 66.31B | 52.51B | 115.01B | 137.07B | 196.18B | 335.69B | 778.8B | 2.69T | 2.78T | 3.19T |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 429.47B | 635.19B | 438.7B | 0 |
| Total Investments | 209.14B | 261.44B | 114.7B | 397.46B | 793.2B | 1.3T | 3.5T | 8.6T | 9.61T | 16.09T |
| Investments Growth % | 1257.86% | 25.01% | -56.13% | 246.52% | 99.57% | 64.05% | 168.9% | 145.89% | 11.75% | 349.08% |
| Long-Term Investments | 209.14B | 261.44B | 114.7B | 397.46B | 793.2B | 1.3T | 3.07T | 7.97T | 9.18T | 50.91T |
| Accounts Receivables | 512.17M | 1.05B | 0 | 21.06B | 29.83B | 60.1B | 1.42B | 631.06B | 508.31B | 291.82B |
| Goodwill & Intangibles | 664.07M | 1.63B | 3.26B | 4.82B | 7.7B | 16.37B | 54.31B | 163.69B | 147.48B | 126.22M |
| Goodwill | 20.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 643.46M | 1.63B | 3.26B | 4.82B | 7.7B | 16.37B | 54.31B | 163.69B | 147.48B | 126.22M |
| PP&E (Net) | 13.95B | 15.21B | 23.91B | 35.05B | 51.88B | 102.99B | 317.21B | 776.95B | 788.29B | 966.04B |
| Other Assets | 2.39B | 4.33B | -141.88B | 2.59B | 61.26B | 64.3B | 1.5T | 1.47T | 94.41B | 316.61B |
| Total Current Assets | 68.04B | 55.46B | 115.01B | 166.17B | 254.95B | 461.57B | 1.57T | 4.24T | 4.28T | 3.19T |
| Total Non-Current Assets | 226.99B | 282.61B | 425.29B | 439.98B | 914.14B | 1.48T | 4.94T | 10.39T | 10.21T | 17.37T |
| Total Assets | 295.03B▲ 0% | 338.07B▲ 14.6% | 540.3B▲ 59.8% | 606.15B▲ 12.2% | 1.17T▲ 92.9% | 1.95T▲ 66.5% | 6.51T▲ 234.4% | 14.63T▲ 124.8% | 14.49T▼ 0.9% | 20.56T▲ 0% |
| Asset Growth % | 181.11% | 14.59% | 59.82% | 12.19% | 92.87% | 66.5% | 234.37% | 124.77% | -0.94% | 162.69% |
| Return on Assets (ROA) | 3.27% | 2.89% | -0.34% | 7.43% | 8.66% | 8.91% | 6.54% | 11.99% | 2.24% | 1.42% |
| Accounts Payable | 394.89M | 2.89B | 1.69B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 14.85B | 18.13B | 33.33B | 43.23B | 61.92B | 90.36B | 239.19B | 914.79B | 465.41B | 1.49T |
| Net Debt | -51.45B | -34.38B | -81.68B | -93.83B | -134.26B | -245.34B | -539.6B | -1.78T | -2.31T | -1.7T |
| Long-Term Debt | 14.85B | 18.13B | 33.33B | 40.62B | 59.21B | 87.59B | 233.07B | 842.95B | 432.47B | 1.29T |
| Short-Term Debt | 0 | 0 | 0 | 1.36B | 933.68M | 0 | 0 | 51.4B | 18.96B | 207.58B |
| Other Liabilities | 26.28B | 32.16B | -36.93B | 59.9B | 129.47B | 227.03B | 597.98B | 1.77T | 1.44T | 2.28T |
| Total Current Liabilities | 206.6B | 215.82B | 0 | 359.23B | 738.65B | 1.15T | 4.04T | 7.46T | 8.48T | 12.03T |
| Total Non-Current Liabilities | 41.13B | 50.5B | 0 | 102.53B | 201.69B | 329.56B | 878.08B | 2.73T | 1.96T | 3.78T |
| Total Liabilities | 247.74B | 266.32B | 446.61B | 461.76B | 940.34B | 1.48T | 4.91T | 10.19T | 10.44T | 15.8T |
| Total Equity | 47.29B▲ 0% | 71.44B▲ 51.1% | 93.69B▲ 31.1% | 144.39B▲ 54.1% | 228.75B▲ 58.4% | 466.8B▲ 104.1% | 1.6T▲ 241.7% | 4.44T▲ 178.3% | 4.05T▼ 8.8% | 4.76T▲ 0% |
| Equity Growth % | 195.45% | 51.07% | 31.15% | 54.11% | 58.42% | 104.07% | 241.72% | 178.33% | -8.76% | 95.59% |
| Equity / Assets (Capital Ratio) | 16.03% | 21.13% | 17.34% | 23.82% | 19.57% | 23.98% | 24.51% | 30.35% | 27.95% | 23.15% |
| Return on Equity (ROE) | 20.67% | 15.38% | -1.82% | 35.76% | 41.22% | 39.9% | 26.82% | 42.01% | 7.67% | 6.12% |
| Book Value per Share | 798.53 | 1054.80 | 1445.09 | 2259.67 | 3577.43 | 7300.41 | 24946.63 | 69432.79 | 63350.49 | 74443.00 |
| Tangible BV per Share | 787.31 | 1030.79 | 1394.78 | 2184.20 | 3456.95 | 7044.37 | 24097.28 | 66872.72 | 61044.06 | 74441.02 |
| Common Stock | 584.56M | 0 | 669.66M | 639.41M | 639.41M | 639.41M | 639.41M | 639.41M | 639.41M | 639M |
| Additional Paid-in Capital | 3.45B | 0 | 12.43B | 12.43B | 12.43B | 12.43B | 12.43B | 12.43B | 12.43B | 12.43B |
| Retained Earnings | 9.94B | 0 | -17.47B | -35.78B | -97.57B | -85.72B | -249.98B | 431.63B | -521.64B | 176.2B |
| Accumulated OCI | 26.63B | 0 | 64.56B | 116.78B | 230.64B | 366.09B | 1.26T | 2.74T | 3.31T | 3.04T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Banco Macro S.A. (BMA) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 0 | -26.08B | 159.43B | 0 | 351.9B | 271.77B | 1.61T | -185.6B | 918.59B | 918.59B |
| Operating CF Growth % | - | - | 711.36% | -100% | - | -22.77% | 493.24% | -111.51% | 594.94% | -3071961.37% |
| Net Income | 0 | 22.07B | 18.34B | 0 | 70.31B | 145.94B | 24.04B | 972.16M | 129.16B | 291.41B |
| Depreciation & Amortization | 0 | 2.16B | 3.09B | 0 | 12.94B | 43.22B | 103.41B | 64.92M | 138.14B | 123.48B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 19.12B | 25.44B | 0 | 340.9B | 48.53B | 1.04T | 1.75T | 5.45T | 1.42T |
| Working Capital Changes | 0 | -69.43B | 112.57B | 0 | -72.27B | 34.07B | 442.03B | -1.94T | -4.79T | -4.17T |
| Cash from Investing | 0 | 0 | -5.27B | 0 | -10.81B | -42.03B | -75.77B | 177.09B | -133.69B | -120.74B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -216.27M | 0 | -24.54M | -8.53B | -1000K |
| Other Investing | 400.42M | 0 | 0 | 0 | 0 | 0 | -11.89M | 225B | -647.26M | -48.1M |
| Cash from Financing | 0 | 0 | -16.42B | 0 | 364.75B | -306.88B | -77.79B | -2.9T | -592.03B | 1.23T |
| Dividends Paid | 0 | 0 | -9.45B | -17.48B | -1.18M | 0 | -59.46B | -179.68M | -466.94B | -68.68B |
| Share Repurchases | 0 | 0 | -10.43B | -9.15M | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 30.7B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 0 | 30.7B | -10.43B | -9.15M | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K |
| Other Financing | 0 | -30.7B | -1.94B | 17.68B | 371.64B | -297.96B | -3.23B | -2.91T | -8.34B | 913.07B |
| Net Change in Cash | 0▲ 0% | 0▲ 0% | 101.39B▲ 0% | 0▼ 100.0% | 574.4B▲ 0% | -171.34B▼ 129.8% | 1.73T▲ 1110.7% | -950.85B▼ 154.9% | -151.37B▲ 84.1% | -3.51T▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 3M |
| Cash at Beginning | 0 | 0 | 172.19B | 273.58B | 589.98B | 2.41T | 1.88T | 2.34T | 3.01T | 2.61T |
| Cash at End | 0 | 0 | 273.58B | 302.88B | 775.06B | 1.88T | 2.34T | 1.38T | 2.86T | 0 |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 732.31B | 1.59T | 3.41T | 1.8T | 0 |
| Free Cash Flow | 0▲ 0% | 0▲ 0% | 154.16B▲ 0% | 0▼ 100.0% | 341.09B▲ 0% | 229.96B▼ 32.6% | 1.54T▲ 568.2% | -142.3B▼ 109.3% | 794.07B▲ 658.0% | -2.44T▲ 0% |
| FCF Growth % | - | - | - | -100% | - | -32.58% | 568.16% | -109.26% | 658.02% | -249.95% |
Banco Macro S.A. (BMA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 20.67% | 15.38% | -1.82% | 35.76% | 41.22% | 39.9% | 26.82% | 42.01% | 7.67% | 6.12% |
| Return on Assets (ROA) | 3.27% | 2.89% | -0.34% | 7.43% | 8.66% | 8.91% | 6.54% | 11.99% | 2.24% | 1.42% |
| Net Interest Margin | 5.04% | 17.89% | 18.69% | 29.63% | 24.33% | 41.1% | 31.93% | 12.3% | 11.1% | 12.6% |
| Efficiency Ratio | 100% | 100% | 100% | 45.81% | 46.04% | 56.76% | 52.73% | 42.91% | 62.71% | 55.58% |
| Equity / Assets | 16.03% | 21.13% | 17.34% | 23.82% | 19.57% | 23.98% | 24.51% | 30.35% | 27.95% | 23.15% |
| Book Value / Share | 798.53 | 1.05K | 1.45K | 2.26K | 3.58K | 7.3K | 24.95K | 69.43K | 63.35K | 74.44K |
| NII Growth | 40.81% | 307.02% | 66.99% | 77.83% | 58.38% | 181.24% | 159.78% | -13.44% | -10.58% | 86.99% |
| Dividend Payout | - | - | - | 0.61% | 0% | - | 21.51% | 0% | 143.45% | 23.57% |
Banco Macro S.A. (BMA) stock FAQ — growth, dividends, profitability & financials explained
Banco Macro S.A. (BMA) saw revenue decline by 33.3% over the past year.
Yes, Banco Macro S.A. (BMA) is profitable, generating $291.41B in net income for fiscal year 2024 (5.0% net margin).
Yes, Banco Macro S.A. (BMA) pays a dividend with a yield of 6.81%. This makes it attractive for income-focused investors.
Banco Macro S.A. (BMA) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.
Banco Macro S.A. (BMA) has a net interest margin (NIM) of 11.1%. This indicates healthy earnings from lending activities.
Banco Macro S.A. (BMA) has an efficiency ratio of 62.7%. This is reasonable for a bank.
Banco Macro S.A. (BMA) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates