Macro Bank (NYSE:BMA) Issues Quarterly Earnings Results

Macro Bank (NYSE:BMA) issued its quarterly earnings results on Thursday. The bank reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.60, Zacks reports. The business had revenue of $708.92 million for the quarter, compared to analyst estimates of $739.97 million. Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.

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

NYSE BMA traded down $4.95 on Friday, hitting $77.02. The company had a trading volume of 516,693 shares, compared to its average volume of 298,743. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $92.57 and its 200-day moving average price is $75.41. The company has a market capitalization of $4.92 billion, a PE ratio of 34.85, a PEG ratio of 1.33 and a beta of 1.46. Macro Bank has a 12-month low of $38.30 and a 12-month high of $106.15.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a $0.3822 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is an increase from Macro Bank’s previous monthly dividend of $0.36. Macro Bank’s dividend payout ratio is 207.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. HSBC downgraded shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Monday, December 15th. Wall Street Zen downgraded Macro Bank from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Zacks Research cut Macro Bank from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Finally, UBS Group started 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Macro Bank has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in shares of Macro Bank during the third quarter valued at about $506,000. Jones Financial Companies Lllp increased its holdings in Macro Bank by 271,350.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock valued at $410,000 after purchasing an additional 5,427 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Macro Bank in the third quarter valued at approximately $345,000. Van ECK Associates Corp lifted its stake in Macro Bank by 103.2% in the fourth quarter. Van ECK Associates Corp now owns 3,438 shares of the bank’s stock worth $310,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in Macro Bank during the 4th quarter worth approximately $305,000.

Macro Bank Company Profile

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.