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BMABanco Macro S.A.
$101.68$6.5B
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BMA logoBanco Macro S.A.(BMA)Earnings, Financials & Key Ratios

BMA•NYSE•Banking & Credit
27.7× P/E·Price updated Jun 19, 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$3582.49B+122.7%
  • Total Revenue$5815.03B-10.0%
  • Net Income$337.27B+3.6%
  • Return on Equity7.26%-5.3%
  • Net Interest Margin15.41%+38.8%
  • Efficiency Ratio40.29%-35.7%
  • ROA1.79%-20.0%
  • Equity / Assets22.52%-19.4%
  • Book Value per Share81875.75+29.2%

BMA Key Insights

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

✓Strengths

  • ✓Strong 5Y profit CAGR of 34.4%
  • ✓Strong NIM of 15.4%
  • ✓Efficient operations: 40.3% efficiency ratio
  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓Well capitalized: 22.5% equity/assets
  • ✓Good 3Y average ROE of 19.0%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9

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

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BMA Price & Volume

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

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BMA Growth Metrics

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

Revenue CAGR

10 Years39.56%
5 Years58.14%
3 Years2.68%
TTM-

Profit CAGR

10 Years17.92%
5 Years34.4%
3 Years6.85%
TTM838.21%

EPS CAGR

10 Years16.88%
5 Years34.45%
3 Years84.13%
TTM877.52%

Return on Capital

10 Years14.8%
5 Years19.38%
3 Years16.2%
Last Year4.08%

BMA Recent Earnings

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

Full history →
●Beat EPS 5/12 qtrs (45%)●Beat Revenue 5/12 qtrs (100%)
Q2 2026Latest
May 27, 2026
Metric
Actual
Est
EPS
$1.73+21.8%
$1.42
Rev
$1.2B+47.0%
$838M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$1.98+43.5%
$1.38
Rev
$898M+18.4%
$759M
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$1.98+43.5%
$1.38
Rev
$898M+18.4%
$759M
Q4 2025
Nov 26, 2025
Metric
Actual
Est
EPS
$0.39-158.2%
$0.67
Rev
$1.0B+38.2%
$732M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 27, 2026
$1.73vs $1.42+21.8%
$1.2Bvs $838M+47.0%
Q1 2026Feb 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%
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GGAL logoGGALGrupo Financiero Galicia S.A.Direct Competitor9.05B56.3757.1227.51%1.36%2.69%0.47
SUPV logoSUPVGrupo Supervielle S.A.Direct Competitor996.28M11.38-25.1113.71%0.13%0.19%1.04
BBAR logoBBARBanco BBVA Argentina S.A.Direct Competitor4.47B21.9020.458.34%5.54%9.84%0.55
CEPU logoCEPUCentral Puerto S.A.Direct Competitor2.35B15.678.4173.24%34.18%27.39%0.19
ITUB logoITUBItaú Unibanco Holding S.A.Product Competitor85.86B7.7910.1518.03%11.66%20.64%4.71
BBD logoBBDBanco Bradesco S.A.Product Competitor35.54B3.367.8637.11%6.78%13.25%4.46
BSAC logoBSACBanco Santander-ChileProduct Competitor15.38B32.640.03-4.96%26.96%21.52%2.77
BAP logoBAPCredicorp Ltd.Product Competitor30.41B382.7614.947.11%25.03%19.31%0.93

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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
1.11T2.16T179.62B284.48B800.1B2.08T1.8T1.61T3.58T2.35T
NII Growth %
372.41%94.79%-91.68%58.38%181.24%159.78%-13.44%-10.58%122.68%168.13%
Net Interest Margin %
17.89%18.69%29.63%24.33%41.1%31.93%12.3%11.1%15.41%9.69%
Interest Income
1.59T3.51T311.46B461.85B1.37T4.17T5.35T3.55T5.83T3.77T
Interest Expense
478.77B1.35T131.84B178.87B574.16B2.09T3.55T1.94T2.25T1.42T
Loan Loss Provision
-478.77B-1.31T8.93B23.11B15.75B46.78B100.1B108.11B626.94B500.62B
Non-Interest Income
6.34B-737.65B75.96B126.08B327.44B1.2T4.34T2.91T-16.55B991.57B
Non-Interest Income %
0.4%-26.63%19.61%21.44%19.24%22.37%44.81%45.06%-0.28%20.83%
Total Revenue
1.59T▲ 0%
2.77T▲ 73.9%
387.42B▼ 86.0%
587.93B▲ 51.8%
1.7T▲ 189.4%
5.37T▲ 215.6%
9.69T▲ 80.5%
6.46T▼ 33.3%
5.82T▼ 10.0%
4.76T▲ 0%
Revenue Growth %
370.15%73.92%-86.02%51.76%189.44%215.63%80.48%-33.31%-10.04%15.67%
Non-Interest Expense
1.59T2.77T177.48B270.69B965.84B2.83T4.16T4.05T2.34T2.42T
Efficiency Ratio
100%100%45.81%46.04%56.76%52.73%42.91%62.71%40.29%50.76%
Operating Income
0▲ 0%
30.72B▲ 0%
69.17B▲ 125.2%
115.26B▲ 66.6%
145.94B▲ 26.6%
401.07B▲ 174.8%
1.88T▲ 369.5%
360.01B▼ 80.9%
595.61B▲ 65.4%
420.12B▲ 0%
Operating Margin %
0%1.11%17.85%19.6%8.58%7.47%19.43%5.57%10.24%8.82%
Operating Income Growth %
-100%-125.16%66.64%26.62%174.81%369.5%-80.88%65.44%-
Pretax Income
404.16B▲ 0%
391.68B▼ 3.1%
69.17B▼ 82.3%
115.26B▲ 66.6%
145.94B▲ 26.6%
401.07B▲ 174.8%
1.88T▲ 369.5%
360.01B▼ 80.9%
595.91B▲ 65.5%
420.12B▲ 0%
Pretax Margin %
25.37%14.14%17.85%19.6%8.58%7.47%19.43%5.57%10.25%8.82%
Income Tax
236.9B9.43B26.59B38.36B7.19B124.57B614.79B33.52B256.92B163.81B
Effective Tax Rate %
58.61%2.41%38.45%33.28%4.93%31.06%32.65%9.31%43.11%38.99%
Net Income
167.26B▲ 0%
-32.04B▼ 119.2%
42.57B▲ 232.9%
76.9B▲ 80.6%
138.74B▲ 80.4%
276.45B▲ 99.3%
1.27T▲ 358.5%
325.5B▼ 74.3%
337.27B▲ 3.6%
371.55B▲ 0%
Net Margin %
10.5%-1.16%10.99%13.08%8.15%5.15%13.08%5.04%5.8%7.8%
Net Income Growth %
62.06%-119.16%232.86%80.63%80.42%99.25%358.47%-74.32%3.62%838.21%
Net Income (Continuing)
167.27B-32.04B42.57B76.9B138.75B276.5B1.27T326.49B338.98B372.13B
EPS (Diluted)
2468.70▲ 0%
-493.50▼ 120.0%
638.10▲ 229.3%
1202.30▲ 88.4%
457.80▼ 61.9%
846.10▲ 84.8%
22388.80▲ 2546.1%
5090.60▼ 77.3%
5281.60▲ 3.8%
5811.04▲ 0%
EPS Growth %
41.72%-119.99%229.3%88.42%-61.92%84.82%2546.12%-77.26%3.75%877.52%
EPS (Basic)
2468.70-493.50638.101202.30457.80846.1022388.805090.605281.60-
Diluted Shares Outstanding
67.73M64.84M63.9M63.94M63.94M63.94M63.94M63.94M63.94M63.94M

BMA Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
961.56B2.46T137.07B196.18B335.69B1.21T3.33T3.21T3.59T14.36T
Cash & Due from Banks
961.56B2.46T137.07B196.18B335.69B778.8B2.69T2.78T3.59T4.6T
Short Term Investments
00000429.47B635.19B438.7B0117.35B
Total Investments
4.79T2.45T397.46B793.2B1.3T3.5T8.6T9.61T17.22T17.29T
Investments Growth %
45.09%-48.82%-83.78%99.57%64.05%168.9%145.89%11.75%79.05%398.4%
Long-Term Investments
4.79T2.45T397.46B793.2B1.3T3.07T7.97T9.18T17.22T64.27T
Accounts Receivables
19.24B021.06B29.83B60.1B1.42B631.06B508.31B0400.75B
Goodwill & Intangibles
29.78B69.69B4.82B7.7B16.37B54.31B163.69B147.48B182.85T194.48B
Goodwill
0000000000
Intangible Assets
29.78B69.69B4.82B7.7B16.37B54.31B163.69B147.48B182.85T194.48B
PP&E (Net)
278.47B23.91B35.05B51.88B102.99B317.21B776.95B788.29B1.04T1.12T
Other Assets
79.34B6.54T2.59B61.26B64.3B1.5T1.47T94.41B-181.65T388.14B
Total Current Assets
1.02T2.46T166.17B254.95B461.57B1.57T4.24T4.28T3.59T5.19T
Total Non-Current Assets
5.18T9.09T439.98B914.14B1.48T4.94T10.39T10.21T19.46T19.01T
Total Assets
6.19T▲ 0%
11.54T▲ 86.4%
606.15B▼ 94.7%
1.17T▲ 92.9%
1.95T▲ 66.5%
6.51T▲ 234.4%
14.63T▲ 124.8%
14.49T▼ 0.9%
23.25T▲ 60.4%
24.2T▲ 0%
Asset Growth %
33%86.42%-94.75%92.87%66.5%234.37%124.77%-0.94%60.4%160452.43%
Return on Assets (ROA)
3.08%-0.36%0.7%8.66%8.91%6.54%11.99%2.24%1.79%0.01%
Accounts Payable
52.93B36.02B00000000
Total Debt
331.99B711.96B43.23B61.92B90.36B239.19B914.79B465.41B1.54T1.48T
Net Debt
-629.57B-1.74T-93.83B-134.26B-245.34B-539.6B-1.78T-2.31T-2.05T-3.12T
Long-Term Debt
331.99B12.12B40.62B59.21B87.59B233.07B842.95B432.47B1.44T1.46T
Short-Term Debt
0253M1.36B933.68M0051.4B18.96B89.48B0
Other Liabilities
589B151.39B59.9B129.47B227.03B597.98B1.77T1.44T16.51T597.13B
Total Current Liabilities
3.95T0359.23B738.65B1.15T4.04T7.46T8.48T89.48B16.26T
Total Non-Current Liabilities
924.77B163.51B102.53B201.69B329.56B878.08B2.73T1.96T18.01T2.08T
Total Liabilities
4.88T9.54T461.76B940.34B1.48T4.91T10.19T10.44T18.01T18.34T
Total Equity
1.31T▲ 0%
2T▲ 53.0%
144.39B▼ 92.8%
228.75B▲ 58.4%
466.8B▲ 104.1%
1.6T▲ 241.7%
4.44T▲ 178.3%
4.05T▼ 8.8%
5.24T▲ 29.2%
5.86T▲ 0%
Equity Growth %
75.34%52.98%-92.79%58.42%104.07%241.72%178.33%-8.76%29.24%129246.55%
Equity / Assets (Capital Ratio)
21.13%17.34%23.82%19.57%23.98%24.51%30.35%27.95%22.52%24.21%
Return on Equity (ROE)
16.28%-1.94%3.97%41.22%39.9%26.82%42.01%7.67%7.26%0.03%
Book Value per Share
19317.1030870.202259.673577.437300.4124946.6369432.7963350.4981875.7591631.10
Tangible BV per Share
18877.3729795.392184.203456.957044.3724097.2866872.7261044.06-2777840.9888589.49
Common Stock
014.31B639.41M639.41M639.41M639.41M639.41M639.41M639M639.41M
Additional Paid-in Capital
0265.5B12.43B12.43B12.43B12.43B12.43B12.43B12.43B12.43B
Retained Earnings
0-373.3B-35.78B-97.57B-85.72B-249.98B431.63B-521.64B290.44B458.1B
Accumulated OCI
01.38T116.78B230.64B366.09B1.26T2.74T3.31T4.93T3.58T
Treasury Stock
0000000000
Preferred Stock
0000000000

BMA Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
11.05B-24.57B160.04B351.9B126.29B601.77B-244.15B918.59B0-283.38B
Operating CF Growth %
--322.38%751.33%119.88%-64.11%376.51%-140.57%476.24%-100%-76.31%
Net Income
22.07B391.68B26.48B70.31B145.94B24.04B972.16M129.16B289.42B371.55B
Depreciation & Amortization
2.16B65.92B4.09B12.94B43.22B103.41B64.92M138.14B088.07B
Deferred Taxes
0000000000
Other Non-Cash Items
56.24B-2.89T123.82B340.9B-96.95B32.29B1.69T5.45T-289.42B-99.42T
Working Capital Changes
-69.43B2.4T5.65B-72.27B34.07B442.03B-1.94T-4.79T0-1.65T
Cash from Investing
-2.94B-1.97B-5.64B-10.81B-42.03B-164.99B232.96B-175.87B0-68.27B
Purchase of Investments
0000000000
Sale/Maturity of Investments
0000009.19B000
Net Investment Activity
0000009.19B000
Acquisitions
0000-216.27M0-24.54M-8.53B00
Other Investing
-2.94B110.61B000-89.24B280.87B-42.82B00
Cash from Financing
29.58B112.13B-31.88B146.53B-306.88B154.79B-2.9T491.52B0961.9B
Dividends Paid
-936.71M-201.83B-5.81B-1.18M0-59.46B-179.68M-466.94B0-106.57B
Share Repurchases
0-222.73B-9.15M0000000
Stock Issued
30.7B000000000
Net Stock Activity
30.7B-222.73B-9.15M0000000
Debt Issuance (Net)
1000K1000K-1000K-1000K-1000K-1000K1000K-1000K02M
Other Financing
-3.37B421.46B-25.26B164.91B-297.96B220.62B-2.91T1.08T0492.37B
Net Change in Cash
42.4B▲ 0%
101.39B▲ 139.1%
70.03B▼ 30.9%
574.4B▲ 720.2%
-171.34B▼ 129.8%
1.73T▲ 1110.7%
-950.85B▼ 154.9%
-199.12B▲ 79.1%
-2.86T▼ 1337.7%
-3482.98T▲ 0%
Exchange Rate Effect
2.46B16.58B085.78B52.77B393.37B1.98T-1.44T0-475.58B
Cash at Beginning
39.82B3.68T412.94B200.66B2.41T603.73B2.34T3.01T2.86T4.95T
Cash at End
82.22B5.84T302.88B775.06B1.88T2.34T1.38T2.86T04.96T
Interest Paid
0000000000
Income Taxes Paid
0000732.31B1.59T4.49T2.36T00
Free Cash Flow
-26.5B▲ 0%
3.29T▲ 12528.4%
154.4B▼ 95.3%
341.09B▲ 120.9%
229.96B▼ 32.6%
1.54T▲ 568.2%
-142.3B▼ 109.3%
794.07B▲ 658.0%
0▼ 100.0%
-351.65B▲ 0%
FCF Growth %
-12528.37%-95.31%120.91%-32.58%568.16%-109.26%658.02%-100%-210.65%

BMA Banking Ratios

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

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
16.28%-1.94%3.97%41.22%39.9%26.82%42.01%7.67%7.26%0.03%
Return on Assets (ROA)
3.08%-0.36%0.7%8.66%8.91%6.54%11.99%2.24%1.79%0.01%
Net Interest Margin
17.89%18.69%29.63%24.33%41.1%31.93%12.3%11.1%15.41%9.69%
Efficiency Ratio
100%100%45.81%46.04%56.76%52.73%42.91%62.71%40.29%50.76%
Equity / Assets
21.13%17.34%23.82%19.57%23.98%24.51%30.35%27.95%22.52%24.21%
Book Value / Share
19.32K30.87K2.26K3.58K7.3K24.95K69.43K63.35K81.88K91.63K
NII Growth
372.41%94.79%-91.68%58.38%181.24%159.78%-13.44%-10.58%122.68%16.54%
Dividend Payout
0.56%-13.64%0%-21.51%0%143.45%-28.68%
Related:BMA Dividend History·BMA Revenue History·BMA Price History·BMA P/E History·BMA Financial Ratios·BMA Institutional Holders

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 10.0% over the past year.

Yes, Banco Macro S.A. (BMA) is profitable, generating $371.55B in net income for fiscal year 2025 (5.8% net margin).

Dividend & Returns

Banco Macro S.A. (BMA) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Industry Metrics

Banco Macro S.A. (BMA) has a net interest margin (NIM) of 15.4%. This indicates healthy earnings from lending activities.

Banco Macro S.A. (BMA) has an efficiency ratio of 40.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BMA back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

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How much would $100/month in BMA be worth today?

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