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BMA

Banco Macro S.A.

BMA

Banco Macro S.A. • NYSE
$85.78 ▲ 4.34% (+3.57)
Market Cap $5.48 B
52w High $118.42
52w Low $38.30
Dividend Yield 1.78%
P/E 20.97
Volume 472.19K
Outstanding Shares 63.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $1.41T ▲ $669.41B ▼ $149.137B ▲ 10.576% ▲ $2.332K ▲ $286.733B ▲
Q1-2025 $1.155T ▼ $720.863B ▼ $44.85B ▼ 3.885% ▼ $701.4 ▼ $117.248B ▼
Q4-2024 $1.5T ▲ $876.958B ▲ $130.522B ▲ 8.703% ▲ $3.016K ▲ $213.196B ▲
Q3-2024 $1.112T ▼ $669.86B ▼ $90.873B ▲ 8.17% ▲ $1.422K ▲ $136.224B ▲
Q2-2024 $1.22T $1.079T $-316.576B -25.954% $-3.655K $-465.541B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.863T ▲ $18.457T ▲ $13.938T ▲ $4.516T ▲
Q1-2025 $2.596T ▼ $16.144T ▲ $11.702T ▲ $4.439T ▲
Q4-2024 $3.215T ▼ $14.492T ▲ $10.442T ▼ $4.049T ▲
Q3-2024 $3.468T ▲ $14.238T ▲ $10.595T ▲ $3.642T ▲
Q2-2024 $1.688T $11.701T $8.508T $3.193T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $149.137B ▲ $-907.929B ▲ $-37.701B ▼ $857.34B ▲ $111.128B ▲ $-945.63B ▲
Q1-2025 $47.546B ▼ $-916.735B ▼ $-36.298B ▲ $484.977B ▲ $-367.897B ▲ $-953.033B ▼
Q4-2024 $129.163B ▲ $-507.537B ▼ $-46.739B ▼ $-110.668B ▲ $-650.289B ▼ $-545.702B ▼
Q3-2024 $128.52B ▲ $1.302T ▲ $-36.562B ▲ $-182.228B ▼ $1.833T ▲ $1.265T ▲
Q2-2024 $-301.469B $581.848B $-39.127B $665.163B $165.92B $551.504B

Five-Year Company Overview

Income Statement

Income Statement Banco Macro’s income statement shows a strong recovery and scale-up over the last few years. Revenue has climbed sharply from very low levels, reflecting both growth and the high-inflation, high-rate environment in Argentina. Profitability has generally improved as well: net income has risen meaningfully, and earnings per share look strong, although they can be distorted by inflation and currency effects. There is some bumpiness. Operating performance peaked recently and then eased a bit, suggesting earnings are still sensitive to economic and financial conditions. Even so, the bank has remained consistently profitable through a challenging period, which points to solid underlying franchise strength, but also to ongoing exposure to Argentina’s volatile macro backdrop.

Balance Sheet

Balance Sheet The balance sheet has expanded rapidly, with total assets, cash balances, and shareholder equity all moving up strongly. This indicates the bank is growing its footprint and has reinforced its capital base over time. Debt levels appear modest relative to equity, which suggests conservative use of borrowing and a cushion to absorb shocks. However, in Argentina’s high-inflation and currency-driven environment, headline balance sheet growth can reflect price effects as much as real expansion, so the apparent strength should be viewed alongside local macro risks and regulatory constraints.

Cash Flow

Cash Flow Cash generation has been generally healthy. Operating cash flow is positive in most years, indicating that the core banking business is bringing in more cash than it consumes. Free cash flow is also positive in most periods, even after funding investments, which is a good sign for financial flexibility. There was a notable dip into negative territory in one recent year, showing that cash flows can be uneven when conditions tighten or working capital swings. Capital spending is relatively modest and manageable, suggesting the bank can fund its investment needs without straining its cash position under normal conditions.

Competitive Edge

Competitive Edge Banco Macro holds a strong competitive position in Argentina, built on two main pillars: a very large branch network and deep penetration in regions and customer segments that are less served by other private banks. Its extensive physical presence in the interior of the country gives it access to customers and deposits that are harder for more concentrated urban competitors to reach. The bank also focuses heavily on small and mid-sized businesses and on the agricultural sector, both core parts of the Argentine economy. Acting as financial agent for several provincial governments further strengthens its deposit base and relationships. The flip side is that this domestic concentration ties its fortunes closely to Argentina’s economic cycles, regulatory shifts, and inflation dynamics, which can be abrupt.

Innovation and R&D

Innovation and R&D For a traditional bank, Banco Macro is pushing relatively hard on technology and digital tools. It has invested in a full digital banking platform and uses artificial intelligence, in partnership with large technology providers, to better target customers, anticipate churn, and tailor product offers. The bank’s virtual assistant and expanded use of cloud services show a drive to automate service and modernize internal operations. It is also experimenting with advanced digital identity solutions, which could improve security and onboarding. On the product side, inflation-linked and dollar-linked offerings, digital payments, and government-focused platforms are designed to fit Argentina’s specific needs. Overall, innovation is more about smart adoption and integration of existing technologies than about pure research and development, but it does provide a meaningful operational edge.

Summary

Overall, Banco Macro combines a growing and profitable income base with an expanding, relatively conservatively financed balance sheet and generally solid cash generation. Its core strengths lie in a powerful local franchise: the largest private branch network, strong positions in SMEs and agribusiness, and close ties to provincial governments. At the same time, the bank’s prospects are tightly bound to Argentina’s macroeconomic and regulatory environment, which has a history of volatility, inflation, and policy shifts. Its ongoing digital transformation—through AI, cloud, and advanced digital channels—aims to boost efficiency and customer reach, and helps modernize a very physical network. The key tension for observers is the balance between a strong domestic franchise and innovation efforts on one side, and concentrated exposure to a high-risk local market on the other.

NEWS

November 26, 2025 · 5:42 PM UTC

Banco Macro Announces Results for the Third Quarter of 2025

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October 8, 2025 · 6:46 PM UTC

Banco Macro S.A. Announces Share Buyback Program

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