Macro Bank (NYSE:BMA) Posts Earnings Results, Misses Estimates By $2.51 EPS

Macro Bank (NYSE:BMA) released its quarterly earnings data on Thursday. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($2.51), FiscalAI reports. The company had revenue of $708.92 million for the quarter, compared to the consensus estimate of $739.97 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%.

Here are the key takeaways from Macro Bank’s conference call:

• Recorded ARS 82.9 billion of Q4 restructuring expenses for early retirements/severance — management says excluding these one-offs Q4 net income would have been ARS 183 billion (FY adjusted ARS 393.7 billion), but the charge reduces reported earnings near-term.
• Management updated 2026 guidance to roughly 20% real loan growth, 6% real deposit growth, and an adjusted ROE around 8% (ROA ~1.8–2%), reflecting lower GDP and higher inflation assumptions versus prior guidance.
• Asset-quality is mixed — overall NPLs at 3.87% with strong coverage (~119.9%), but consumer NPLs deteriorated to 5.23% even as commercial NPLs improved.
• Core profitability strengthened as net interest income rose q/q and y/y and the quarter’s net interest margin was 21.7%; management expects NIM to be near 20% in 2026, supporting recurring earnings.
• Very strong capital and liquidity position — Capital Adequacy and Tier 1 ratios at 30.6% with ~ARS 3.6 trillion excess capital and liquid assets ≈ 73% of deposits, enabling dividends, M&A (e.g., Personal Pay) or balance-sheet deployment.

Macro Bank Price Performance

Shares of NYSE BMA opened at $81.93 on Friday. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The stock has a market capitalization of $5.24 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.33 and a beta of 1.46. The company’s 50-day moving average is $92.57 and its 200 day moving average is $75.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.3822 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s payout ratio is presently 207.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Macro Bank from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Monday, December 15th. UBS Group began coverage on shares of Macro Bank in a report on Wednesday, November 19th. They issued a “buy” rating and a $130.00 price target on the stock. Citigroup raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BMA. PointState Capital LP raised its position in shares of Macro Bank by 266.9% in the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after acquiring an additional 623,755 shares in the last quarter. Millennium Management LLC raised its holdings in Macro Bank by 100.7% in the third quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after purchasing an additional 288,614 shares in the last quarter. Verition Fund Management LLC lifted its position in Macro Bank by 1,060.6% during the fourth quarter. Verition Fund Management LLC now owns 138,760 shares of the bank’s stock valued at $12,511,000 after buying an additional 126,804 shares during the period. Marshall Wace LLP boosted its holdings in shares of Macro Bank by 4,089.3% during the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after buying an additional 117,322 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Macro Bank by 42.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 113,983 shares of the bank’s stock worth $4,820,000 after buying an additional 34,036 shares during the period.

About Macro Bank

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.