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BMA logoBanco Macro S.A.(BMA)Earnings, Financials & Key Ratios

BMA•NYSE•Banking & Credit
$76.97
$4.84B mkt cap·21.1× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryNon-US regional and universal banks
AboutBanco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.Show more
  • Net Interest Income$1608.81B-10.6%
  • Total Revenue$6464.24B-33.3%
  • Net Income$325.5B-74.3%
  • Return on Equity7.67%-81.7%
  • Net Interest Margin11.1%-9.7%
  • Efficiency Ratio62.71%+46.1%
  • ROA2.24%-81.4%
  • Equity / Assets27.95%-7.9%
  • Book Value per Share63350.49-8.8%
  • Tangible BV/Share61044.06-8.7%
  • Debt/Equity0.11-44.2%
Technical→

BMA Key Insights

Banco Macro S.A. (BMA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 25.5%
  • ✓Strong 5Y profit CAGR of 50.2%
  • ✓Strong NIM of 11.1%
  • ✓Well capitalized: 28.0% equity/assets
  • ✓Diversified revenue: 45.1% from non-interest income

✗Weaknesses

  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BMA Price & Volume

Banco Macro S.A. (BMA) stock price & volume — 10-year historical chart

Loading chart...

BMA Growth Metrics

Banco Macro S.A. (BMA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years88.21%
5 Years75.58%
3 Years56.03%
TTM-

Profit CAGR

10 Years57.44%
5 Years50.2%
3 Years32.88%
TTM-59.05%

EPS CAGR

10 Years56.22%
5 Years51.49%
3 Years128.95%
TTM-44.45%

Return on Capital

10 Years26.53%
5 Years25.37%
3 Years23.01%
Last Year5.46%

BMA Recent Earnings

Banco Macro S.A. (BMA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (36%)●Beat Revenue 4/12 qtrs (100%)
Q1 2026Latest
Feb 26, 2026
EPS
$1.98
Est $1.38
+43.5%
Revenue
$898M
Est $759M
+18.4%
Q1 2026
Feb 25, 2026
EPS
$1.98
Est $1.38
+43.5%
Revenue
$898M
Est $759M
+18.4%
Q4 2025
Nov 26, 2025
EPS
$0.39
Est $0.67
-158.2%
Revenue
$1.0B
Est $732M
+38.2%
Q3 2025
Aug 27, 2025
EPS
$1.95
Est $1.99
-2.0%
Revenue
$1.1B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$1.98vs $1.38+43.5%
$898Mvs $759M+18.4%
Q1 2026Feb 25, 2026
$1.98vs $1.38+43.5%
$898Mvs $759M+18.4%
Q4 2025Nov 26, 2025
$0.39vs $0.67-158.2%
$1.0Bvs $732M+38.2%
Q3 2025Aug 27, 2025
$1.95vs $1.99-2.0%
$1.1B
Based on last 12 quarters of dataView full earnings history →

BMA Peer Comparison

Banco Macro S.A. (BMA) competitors in Non-US regional and universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GGAL logoGGALGrupo Financiero Galicia S.A.Direct Competitor5.76B43.445.10-23.52%12.91%0.36
SUPV logoSUPVGrupo Supervielle S.A.Direct Competitor765.15M8.74-18.6513.71%-5.24%1.04
BBAR logoBBARBanco BBVA Argentina S.A.Direct Competitor3.19B15.6212.59-31.12%9.12%0.13
CEPU logoCEPUCentral Puerto S.A.Direct Competitor2.3B15.3364.728.1%29.44%11.79%0.20
ITUB logoITUBItaú Unibanco Holding S.A.Product Competitor93.13B8.4510.6218.03%20.64%4.71
BBD logoBBDBanco Bradesco S.A.Product Competitor40.84B3.868.7037.11%13.25%4.46
BSAC logoBSACBanco Santander-ChileProduct Competitor14.85B31.520.03-4.96%21.52%2.77
BAP logoBAPCredicorp Ltd.Product Competitor25.92B326.5516.486.4%17.35%1.07

Compare BMA vs Peers

Banco Macro S.A. (BMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GGAL

Most directly comparable listed peer for BMA.

Scale Benchmark

vs GS

Larger-name benchmark to compare BMA against a more recognizable public peer.

Peer Set

Compare Top 5

vs GGAL, SUPV, BBAR, CEPU

BMA Income Statement

Banco Macro S.A. (BMA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Net Interest Income14.86B60.49B101.01B179.62B284.48B800.1B2.08T1.8T1.61T2.59T
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 Income28.16B86.63B164.21B311.46B461.85B1.37T4.17T5.35T3.55T4.21T
Interest Expense13.3B26.14B63.21B131.84B178.87B574.16B2.09T3.55T1.94T1.62T
Loan Loss Provision-13.3B-26.14B-63.21B8.93B23.11B15.75B46.78B100.1B108.11B369.24B
Non-Interest Income-6.69B346.01M-34.53B75.96B126.08B327.44B1.2T4.34T2.91T1.3T
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 Expense21.47B86.98B129.68B177.48B270.69B965.84B2.83T4.16T4.05T3.06T
Efficiency Ratio100%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 Tax3.48B12.94B19.84B26.59B38.36B7.19B124.57B614.79B33.52B162.71B
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)6.54B9.13B-1.5B42.57B76.9B138.75B276.5B1.27T326.49B292.96B
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)110.40134.80-23.10638.10473.60424.20673.109185.405090.60-
Diluted Shares Outstanding59.22M67.73M64.84M63.9M63.94M63.94M63.94M63.94M63.94M63.94M

BMA Balance Sheet

Banco Macro S.A. (BMA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash & Short Term Investments66.31B52.51B115.01B137.07B196.18B335.69B1.21T3.33T3.21T11.86T
Cash & Due from Banks66.31B52.51B115.01B137.07B196.18B335.69B778.8B2.69T2.78T3.19T
Short Term Investments000000429.47B635.19B438.7B0
Total Investments209.14B261.44B114.7B397.46B793.2B1.3T3.5T8.6T9.61T16.09T
Investments Growth %1257.86%25.01%-56.13%246.52%99.57%64.05%168.9%145.89%11.75%349.08%
Long-Term Investments209.14B261.44B114.7B397.46B793.2B1.3T3.07T7.97T9.18T50.91T
Accounts Receivables512.17M1.05B021.06B29.83B60.1B1.42B631.06B508.31B291.82B
Goodwill & Intangibles664.07M1.63B3.26B4.82B7.7B16.37B54.31B163.69B147.48B126.22M
Goodwill20.61M000000000
Intangible Assets643.46M1.63B3.26B4.82B7.7B16.37B54.31B163.69B147.48B126.22M
PP&E (Net)13.95B15.21B23.91B35.05B51.88B102.99B317.21B776.95B788.29B966.04B
Other Assets2.39B4.33B-141.88B2.59B61.26B64.3B1.5T1.47T94.41B316.61B
Total Current Assets68.04B55.46B115.01B166.17B254.95B461.57B1.57T4.24T4.28T3.19T
Total Non-Current Assets226.99B282.61B425.29B439.98B914.14B1.48T4.94T10.39T10.21T17.37T
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 Payable394.89M2.89B1.69B0000000
Total Debt14.85B18.13B33.33B43.23B61.92B90.36B239.19B914.79B465.41B1.49T
Net Debt-51.45B-34.38B-81.68B-93.83B-134.26B-245.34B-539.6B-1.78T-2.31T-1.7T
Long-Term Debt14.85B18.13B33.33B40.62B59.21B87.59B233.07B842.95B432.47B1.29T
Short-Term Debt0001.36B933.68M0051.4B18.96B207.58B
Other Liabilities26.28B32.16B-36.93B59.9B129.47B227.03B597.98B1.77T1.44T2.28T
Total Current Liabilities206.6B215.82B0359.23B738.65B1.15T4.04T7.46T8.48T12.03T
Total Non-Current Liabilities41.13B50.5B0102.53B201.69B329.56B878.08B2.73T1.96T3.78T
Total Liabilities247.74B266.32B446.61B461.76B940.34B1.48T4.91T10.19T10.44T15.8T
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 Share798.531054.801445.092259.673577.437300.4124946.6369432.7963350.4974443.00
Tangible BV per Share787.311030.791394.782184.203456.957044.3724097.2866872.7261044.0674441.02
Common Stock584.56M0669.66M639.41M639.41M639.41M639.41M639.41M639.41M639M
Additional Paid-in Capital3.45B012.43B12.43B12.43B12.43B12.43B12.43B12.43B12.43B
Retained Earnings9.94B0-17.47B-35.78B-97.57B-85.72B-249.98B431.63B-521.64B176.2B
Accumulated OCI26.63B064.56B116.78B230.64B366.09B1.26T2.74T3.31T3.04T
Treasury Stock0000000000
Preferred Stock0000000000

BMA Cash Flow Statement

Banco Macro S.A. (BMA) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations0-26.08B159.43B0351.9B271.77B1.61T-185.6B918.59B918.59B
Operating CF Growth %--711.36%-100%--22.77%493.24%-111.51%594.94%-3071961.37%
Net Income022.07B18.34B070.31B145.94B24.04B972.16M129.16B291.41B
Depreciation & Amortization02.16B3.09B012.94B43.22B103.41B64.92M138.14B123.48B
Deferred Taxes0000000000
Other Non-Cash Items019.12B25.44B0340.9B48.53B1.04T1.75T5.45T1.42T
Working Capital Changes0-69.43B112.57B0-72.27B34.07B442.03B-1.94T-4.79T-4.17T
Cash from Investing00-5.27B0-10.81B-42.03B-75.77B177.09B-133.69B-120.74B
Purchase of Investments0000000000
Sale/Maturity of Investments00000001000K00
Net Investment Activity00000001000K00
Acquisitions00000-216.27M0-24.54M-8.53B-1000K
Other Investing400.42M00000-11.89M225B-647.26M-48.1M
Cash from Financing00-16.42B0364.75B-306.88B-77.79B-2.9T-592.03B1.23T
Dividends Paid00-9.45B-17.48B-1.18M0-59.46B-179.68M-466.94B-68.68B
Share Repurchases00-10.43B-9.15M000000
Stock Issued030.7B00000000
Net Stock Activity030.7B-10.43B-9.15M000000
Debt Issuance (Net)001000K-1000K-1000K-1000K-1000K1000K-1000K1000K
Other Financing0-30.7B-1.94B17.68B371.64B-297.96B-3.23B-2.91T-8.34B913.07B
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 Effect000001000K1000K1000K1000K3M
Cash at Beginning00172.19B273.58B589.98B2.41T1.88T2.34T3.01T2.61T
Cash at End00273.58B302.88B775.06B1.88T2.34T1.38T2.86T0
Interest Paid0000000000
Income Taxes Paid00000732.31B1.59T3.41T1.8T0
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%

BMA Banking Ratios

Banco Macro S.A. (BMA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
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 Margin5.04%17.89%18.69%29.63%24.33%41.1%31.93%12.3%11.1%12.6%
Efficiency Ratio100%100%100%45.81%46.04%56.76%52.73%42.91%62.71%55.58%
Equity / Assets16.03%21.13%17.34%23.82%19.57%23.98%24.51%30.35%27.95%23.15%
Book Value / Share798.531.05K1.45K2.26K3.58K7.3K24.95K69.43K63.35K74.44K
NII Growth40.81%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%

BMA Frequently Asked Questions

Banco Macro S.A. (BMA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Industry Metrics

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.

Explore More BMA

Banco Macro S.A. (BMA) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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