Banco Macro/$BMA
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Capital at risk
About Banco Macro
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The company generates the majority of its revenue from Argentina.
- Ticker
- $BMA
- Sector
- Finance
- Primary listing
- NYSE
- Employees
- 8,180
- Headquarters
- Buenos Aires, Argentina
- Website
- www.macro.com.ar
Banco Macro Metrics
BasicAdvanced
$5.1B
254.70
$0.30
0.45
$4.34
7.16%
Price and volume
Market cap
$5.1B
Beta
0.45
52-week high
$106.15
52-week low
$38.30
Average daily volume
312K
Dividend rate
$4.34
Financial strength
Profitability
Net profit margin (TTM)
8.39%
Operating margin (TTM)
18.29%
Effective tax rate (TTM)
40.68%
Revenue per employee (TTM)
$277,990
Management effectiveness
Return on assets (TTM)
1.31%
Return on equity (TTM)
5.36%
Valuation
Price to earnings (TTM)
254.698
Price to revenue (TTM)
21.376
Price to book
1.23
Price to tangible book (TTM)
1.27
Dividend yield (TTM)
5.71%
Forward dividend yield
7.16%
Growth
Revenue change (TTM)
15.76%
Earnings per share change (TTM)
-24.17%
3-year revenue growth (CAGR)
2.74%
3-year earnings per share growth (CAGR)
-5.63%
10-year earnings per share growth (CAGR)
45.34%
Bulls say / Bears say
Banco Macro delivered a meaningful earnings rebound in 2Q26: net income increased 39% quarter over quarter and 4% year over year, while earnings per share rose 38% quarter over quarter. Adjusted annualized ROAE was 14.3% excluding restructuring costs. (SEC)
The bank maintains substantial balance-sheet protection, with a 28% Basel III capital-adequacy ratio, 243% excess capital, and liquid assets equal to 74% of deposits. This provides capacity to absorb credit stress and potentially support future growth or distributions. (SEC)
Core spread income remains resilient: net interest income increased 11% year over year, net interest margin was 24% versus 23.5% a year earlier, and total financing grew 3% quarter over quarter. These trends suggest Banco Macro is still monetizing its large domestic deposit and lending franchise despite Argentina’s volatile operating environment. (SEC)
Asset quality deteriorated materially: the non-performing financing ratio rose to 6.25% in 2Q26 from 5.40% in 1Q26 and 2.06% a year earlier, while consumer-portfolio NPLs reached 8.42%. Loan-loss provisions were also 41% higher year over year. (SEC)
Funding trends weakened in 2Q26: private-sector deposits fell 4% quarter over quarter, U.S.-dollar deposits declined 11%, and time deposits dropped 11%. The offset from a 48% increase in public-sector deposits may imply a less stable or more concentrated funding mix. (SEC)
Underlying revenue momentum remains uneven: net fee income declined 11% year over year, operating income rose only 1% year over year, and administrative plus employee expenses increased 7% year over year. Banco Macro also recorded Ps.21.9 billion of restructuring expenses in 2Q26. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 11 Sept 2026.
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