Symbols / BMA Stock $74.73 +1.70% Banco Macro S.A.

Financial Services • Banks - Regional • Argentina • NYQ
BMA (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Juan Martin Parma
Exch · Country NYQ · Argentina
Market Cap 4.78B
Enterprise Value -1.07T
Income 289.49B
Sales 4.06T
FCF (ttm) —
Book/sh 58.66
Cash/sh 4,121.06
Employees 8,490
Insider 10d —
IPO Mar 27, 2006
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 65.70%
P/E 23.06
Forward P/E 7.68
PEG 0.47
P/S 0.00
P/B 1.27
P/C —
EV/EBITDA —
EV/Sales -0.26
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 3.24
EPS next Y 9.73
EPS Growth -27.40%
Revenue Growth -3.30%
EPS Gr Q/Q -27.40%
Rev Gr Q/Q —
Earnings (next) 2026-05-27
Earnings (prior) 2026-02-25
ROA 1.37%
ROE 5.50%
ROIC —
Gross Margin 0.00%
Oper. Margin 24.06%
Profit Margin 7.12%
Shs Outstand 62.82M
Shs Float 217.35M
Insider Own 0.00%
Instit Own 10.94%
Short Float 2.13%
Short Ratio 1.42
Short Interest 457.34K
52W High 106.15
vs 52W High -29.60%
52W Low 38.30
vs 52W Low 95.12%
Beta 0.47
Impl. Vol. 0.78%
Rel Volume 0.60
Avg Volume 362.04K
Volume 217.21K
Target (mean) $113.22
Tgt Median $119.58
Tgt Low $85.18
Tgt High $151.67
# Analysts 9
Recom Strong_buy
Prev Close $73.48
Price $74.73
Change 1.70%
About

Banco 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, 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 to corporate customers; and internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$113.22
Mean price target
2. Current target
$74.73
Latest analyst target
3. DCF / Fair value
$48.60
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$74.73
Low
$85.18
High
$151.67
Mean
$113.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-05 up HSBC Hold → Buy $85
2026-03-02 main Goldman Sachs Buy → Buy $98
2025-11-19 init UBS — → Buy $130
2025-11-03 up Citigroup Neutral → Buy —
2025-10-28 main JP Morgan Overweight → Overweight $120
2025-10-22 up JP Morgan Neutral → Overweight $79
2025-10-01 up HSBC Hold → Buy $80
2025-09-11 down Citigroup Buy → Neutral —
2025-04-21 main JP Morgan Neutral → Neutral $89
2024-12-16 up Morgan Stanley Underweight → Overweight $13
2024-08-30 up JP Morgan Underweight → Neutral $78
2024-08-08 up B of A Securities Underperform → Neutral $62
2022-01-31 down JP Morgan Neutral → Underweight $12
2020-11-23 up Credit Suisse Underperform → Neutral —
2020-07-21 down HSBC Hold → Reduce —
2019-12-09 down Itau BBA Market Perform → Underperform —
2019-09-26 up Scotiabank Underperform → Sector Perform —
2019-09-19 down B of A Securities Buy → Underperform —
2019-08-07 init Scotiabank — → Sector Underperform $55
2019-07-22 main JP Morgan — → Neutral $61
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
5,949,817.37
-26.37%
8,080,277.48
+146.34%
3,280,116.84
+190.91%
1,127,532.03
Operating Revenue
5,949,817.37
-26.37%
8,080,277.48
+146.34%
3,280,116.84
+190.91%
1,127,532.03
Selling General And Administration
1,374,007.60
+9.82%
1,251,125.24
+63.67%
764,439.60
+117.96%
350,721.38
Selling And Marketing Expense
57,335.52
+11.59%
51,379.77
+219.03%
16,104.98
+204.25%
5,293.38
General And Administrative Expense
1,316,672.08
+9.75%
1,199,745.47
+60.32%
748,334.62
+116.64%
345,428.00
Salaries And Wages
949,646.89
+8.54%
874,963.67
+62.06%
539,884.43
+121.05%
244,234.36
Other Gand A
326,007.77
+14.47%
284,800.90
+51.05%
188,545.26
+104.99%
91,975.65
Reconciled Depreciation
181,722.12
+9.19%
166,432.84
+60.95%
103,405.91
+139.23%
43,224.59
Total Unusual Items
-3,117,490.04
+16.92%
-3,752,519.45
-141.42%
-1,554,346.43
-287.21%
-401,420.77
Total Unusual Items Excluding Goodwill
-3,117,490.04
+16.92%
-3,752,519.45
-141.42%
-1,554,346.43
-287.21%
-401,420.77
Special Income Charges
-3,118,510.12
+16.92%
-3,753,500.11
-141.31%
-1,555,496.72
-286.27%
-402,701.78
Other Special Charges
3,118,510.12
-16.92%
3,753,500.11
+141.31%
1,555,496.72
+286.27%
402,701.78
Net Income
428,193.99
-74.32%
1,667,326.23
+503.12%
276,451.50
+99.25%
138,744.99
Pretax Income
473,594.76
-80.88%
2,477,083.02
+517.62%
401,071.59
+174.81%
145,944.00
Net Interest Income
2,116,369.94
-10.58%
2,366,697.46
+13.87%
2,078,467.57
+159.78%
800,096.88
Interest Expense
2,555,500.49
-45.30%
4,671,590.79
+123.41%
2,090,993.99
+264.18%
574,163.46
Interest Income
4,671,870.43
-33.62%
7,038,288.25
+68.81%
4,169,461.57
+203.40%
1,374,260.33
Other Non Operating Income Expenses
-2,359,350.15
+17.22%
-2,850,305.91
-83.68%
-1,551,819.05
-285.35%
-402,701.78
Gain On Sale Of Security
2,923,692.45
+4.75%
2,791,027.16
+811.39%
306,237.05
+202.66%
101,180.88
Tax Provision
44,099.60
-94.55%
808,752.04
+549.22%
124,572.05
+1631.50%
7,194.48
Tax Rate For Calcs
0.00
-71.44%
0.00
+4.82%
0.00
+534.69%
0.00
Tax Effect Of Unusual Items
-290,290.51
+76.27%
-1,223,321.34
-153.07%
-483,401.74
-2357.61%
-19,669.62
Net Income Including Noncontrolling Interests
429,495.16
-74.26%
1,668,330.98
+503.38%
276,499.54
+99.28%
138,749.52
Net Income From Continuing Operation Net Minority Interest
428,193.99
-74.32%
1,667,326.23
+503.12%
276,451.50
+99.25%
138,744.99
Net Income From Continuing And Discontinued Operation
428,193.99
-74.32%
1,667,326.23
+503.12%
276,451.50
+99.25%
138,744.99
Net Income Continuous Operations
429,495.16
-74.26%
1,668,330.98
+503.38%
276,499.54
+99.28%
138,749.52
Minority Interests
-1,301.17
-29.50%
-1,004.75
-1991.41%
-48.04
-959.59%
-4.53
Normalized Income
3,255,393.52
-22.43%
4,196,524.33
+211.45%
1,347,396.19
+158.87%
520,496.13
Net Income Common Stockholders
428,193.99
-74.32%
1,667,326.23
+503.12%
276,451.50
+99.25%
138,744.99
Diluted EPS
5,069.38
-44.81%
9,185.05
+1264.60%
673.09
0.00%
673.10
Basic EPS
5,069.39
-44.81%
9,185.05
+1264.60%
673.09
0.00%
673.10
Basic Average Shares
63.94
+0.00%
63.94
+0.00%
63.94
+0.06%
63.90
Diluted Average Shares
63.94
+0.00%
63.94
+0.00%
63.94
+0.06%
63.90
Diluted NI Availto Com Stockholders
428,193.99
-74.32%
1,667,326.23
+503.12%
276,451.50
+99.25%
138,744.99
Depreciation Amortization Depletion Income Statement
181,722.12
+9.19%
166,432.84
+60.95%
103,405.91
+139.23%
43,224.59
Depreciation And Amortization In Income Statement
181,722.12
+9.19%
166,432.84
+60.95%
103,405.91
+139.23%
43,224.59
Depreciation Income Statement
138,140.50
+9.19%
126,517.98
+22.35%
103,405.91
+139.23%
43,224.59
Insurance And Claims
39,147.58
+1.33%
38,631.89
+106.28%
18,728.23
+120.07%
8,510.22
Occupancy And Equipment
55,653.30
+19.19%
46,692.10
+10.41%
42,291.33
+554.46%
6,461.97
Other Non Interest Expense
660,160.54
-9.63%
730,522.17
+78.98%
408,156.95
+140.48%
169,725.38
Rent And Landing Fees
1,869.85
+38.61%
1,349.00
+14.64%
1,176.70
+66.25%
707.77
Rent Expense Supplemental
1,869.85
+38.61%
1,349.00
+14.64%
1,176.70
+66.25%
707.77
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
19,064,605.23
+30.31%
14,629,820.19
+124.77%
6,508,793.93
+234.37%
1,946,567.23
Cash And Cash Equivalents
3,651,940.33
+35.52%
2,694,676.61
+246.01%
778,796.54
+132.00%
335,692.11
Cash Financial
547,320.31
-36.75%
865,299.96
+906.31%
85,987.79
+65.80%
51,862.71
Other Short Term Investments
577,109.33
-9.14%
635,193.33
+47.90%
429,468.49
—
Receivables
1,361,839.46
+57.93%
862,280.96
+144.63%
352,486.72
+185.64%
123,402.98
Accounts Receivable
668,674.20
+5.96%
631,058.31
+237.48%
186,990.22
+211.16%
60,095.46
Other Receivables
693,165.25
+199.78%
231,222.66
+39.71%
165,496.50
+161.42%
63,307.52
Prepaid Assets
44,561.38
-13.85%
51,726.14
+364.27%
11,141.42
+350.56%
2,472.80
Net PPE
1,036,989.69
+33.47%
776,953.16
+144.93%
317,211.46
+208.00%
102,991.48
Gross PPE
1,408,743.11
+15.73%
1,217,254.33
+171.93%
447,629.98
+225.29%
137,607.90
Accumulated Depreciation
-371,753.42
+15.57%
-440,301.18
-237.61%
-130,418.52
-276.75%
-34,616.41
Machinery Furniture Equipment
300,816.39
-28.20%
418,977.46
+271.19%
112,873.60
+261.81%
31,197.30
Construction In Progress
42,616.07
+128.98%
18,611.53
+361.01%
4,037.14
+30.66%
3,089.82
Other Properties
973,463.26
+27.59%
762,980.48
+149.81%
305,426.93
+218.26%
95,966.81
Leases
91,847.40
+450.48%
16,684.87
-34.03%
25,292.31
+243.93%
7,353.97
Goodwill And Other Intangible Assets
194,002.73
+18.52%
163,694.29
+201.41%
54,308.75
+231.74%
16,370.97
Other Intangible Assets
194,002.73
+18.52%
163,694.29
+201.41%
54,308.75
+231.74%
16,370.97
Investments And Advances
5,484,167.56
+10.34%
4,970,355.40
+61.94%
3,069,318.29
+359.00%
668,690.27
Long Term Equity Investment
6,053.64
+64.97%
3,669.56
+3.22%
3,555.03
+272.83%
953.52
Total Liabilities Net Minority Interest
13,735,943.02
+34.80%
10,190,197.31
+107.38%
4,913,674.06
+232.06%
1,479,769.83
Payables And Accrued Expenses
1,379,388.64
-4.32%
1,441,661.30
+183.82%
507,945.53
+152.63%
201,060.69
Payables
1,344,364.27
-4.23%
1,403,737.72
+176.36%
507,945.53
+152.63%
201,060.69
Other Payable
1,127,999.30
+47.26%
765,967.23
+91.14%
400,741.65
+211.49%
128,655.04
Dividends Payable
1.62
-99.07%
174.52
—
51,776.84
Current Accrued Expenses
35,024.37
-7.64%
37,923.58
—
—
Employee Benefits
145,410.54
+80.16%
80,713.84
+2204.13%
3,503.01
+325.12%
824.01
Total Tax Payable
216,363.35
-66.07%
637,595.97
+494.75%
107,203.88
+419.68%
20,628.82
Income Tax Payable
216,363.35
-66.07%
637,595.97
+494.75%
107,203.88
+419.68%
20,628.82
Current Debt And Capital Lease Obligation
6,369.18
—
—
—
Current Capital Lease Obligation
6,369.18
—
—
—
Long Term Debt And Capital Lease Obligation
587,304.49
-31.98%
863,390.53
+260.96%
239,194.24
+164.73%
90,355.11
Long Term Debt
568,902.62
-32.51%
842,945.16
+261.66%
233,074.28
+166.10%
87,588.71
Long Term Capital Lease Obligation
18,401.87
-9.99%
20,445.37
+234.08%
6,119.96
+121.23%
2,766.39
Long Term Provisions
22,511.02
+17.30%
19,191.37
+121.04%
8,682.46
+169.56%
3,221.01
Non Current Pension And Other Postretirement Benefit Plans
10,328.06
+198.59%
3,458.90
-1.26%
3,503.01
+325.12%
824.01
Non Current Deferred Liabilities
105,429.92
+6.60%
98,899.29
+141.79%
40,903.09
+236.12%
12,169.16
Non Current Deferred Taxes Liabilities
105,429.92
+6.60%
98,899.29
+141.79%
40,903.09
+236.12%
12,169.16
Stockholders Equity
5,326,518.60
+20.00%
4,438,608.35
+178.31%
1,594,856.14
+241.71%
466,723.60
Common Stock Equity
5,326,518.60
+20.00%
4,438,608.35
+178.31%
1,594,856.14
+241.71%
466,723.60
Capital Stock
639.41
+0.00%
639.41
+0.00%
639.41
+0.00%
639.41
Common Stock
639.41
+0.00%
639.41
+0.00%
639.41
+0.00%
639.41
Share Issued
639.41
+0.00%
639.41
-1.18%
647.05
+0.00%
647.05
Ordinary Shares Number
639.41
+0.00%
639.41
-1.18%
647.05
+0.00%
647.05
Additional Paid In Capital
12,429.78
+0.00%
12,429.78
+0.00%
12,429.78
+0.00%
12,429.78
Retained Earnings
-686,204.40
-258.98%
431,634.58
+272.67%
-249,980.90
-191.62%
-85,721.10
Gains Losses Not Affecting Retained Earnings
4,350,258.27
+58.58%
2,743,210.64
+116.94%
1,264,499.93
+245.41%
366,085.41
Minority Interest
2,143.61
+111.29%
1,014.53
+284.68%
263.74
+257.42%
73.79
Other Equity Adjustments
4,350,258.27
+58.58%
2,743,210.64
+116.94%
1,264,499.93
+245.41%
366,085.41
Total Equity Gross Minority Interest
5,328,662.21
+20.03%
4,439,622.88
+178.33%
1,595,119.87
+241.72%
466,797.39
Total Capitalization
5,895,421.22
+11.62%
5,281,553.51
+188.94%
1,827,930.42
+229.77%
554,312.31
Invested Capital
5,895,421.22
+11.62%
5,281,553.51
+188.94%
1,827,930.42
+229.77%
554,312.31
Total Debt
587,304.49
-31.98%
863,390.53
+260.96%
239,194.24
+164.73%
90,355.11
Capital Lease Obligations
18,401.87
-9.99%
20,445.37
+234.08%
6,119.96
+121.23%
2,766.39
Net Tangible Assets
5,132,515.87
+20.06%
4,274,914.06
+177.49%
1,540,547.39
+242.08%
450,352.64
Tangible Book Value
5,132,515.87
+20.06%
4,274,914.06
+177.49%
1,540,547.39
+242.08%
450,352.64
Available For Sale Securities
4,901,004.60
+13.15%
4,331,492.51
+64.30%
2,636,294.78
+294.81%
667,736.75
Cash Cash Equivalents And Federal Funds Sold
3,682,231.64
-10.22%
4,101,493.03
+322.12%
971,649.17
+144.83%
396,868.47
Current Provisions
11,744.24
—
—
—
Derivative Product Liabilities
1,738.55
-71.87%
6,179.87
+83615.38%
7.38
+49.65%
4.93
Other Equity Interest
1,649,395.54
+31.88%
1,250,693.94
+120.48%
567,267.91
+227.35%
173,290.11
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
2,633,788.07
+1178.75%
-244,151.80
-106.95%
3,510,892.40
+1191.87%
271,768.21
Cash Flow From Continuing Operating Activities
2,633,788.07
+1178.75%
-244,151.80
-106.95%
3,510,892.40
+1191.87%
271,768.21
Net Income From Continuing Operations
473,594.76
-80.88%
2,477,083.02
+517.62%
401,071.59
+174.81%
145,944.00
Depreciation Amortization Depletion
181,722.12
+9.19%
166,432.84
+60.95%
103,405.91
+139.23%
43,224.59
Depreciation
64,576.85
+131.06%
27,948.31
+83.28%
15,248.63
+113.99%
7,125.71
Amortization Cash Flow
73,563.65
+143.99%
30,150.45
—
—
Depreciation And Amortization
181,722.12
+9.19%
166,432.84
+60.95%
103,405.91
+139.23%
43,224.59
Amortization Of Intangibles
73,563.65
+143.99%
30,150.45
—
—
Other Non Cash Items
1,305,851.83
-68.12%
4,095,583.17
+61.11%
2,542,035.89
+265.94%
694,655.47
Operating Gains Losses
-303,462.16
+79.62%
-1,488,724.58
-159.44%
-573,816.27
-448.92%
-104,535.19
Net Foreign Currency Exchange Gain Loss
-303,462.16
+79.62%
-1,488,724.58
-159.44%
-573,816.27
-448.92%
-104,535.19
Change In Working Capital
1,257,732.33
+122.66%
-5,550,170.28
-649.71%
1,009,662.60
+321.35%
-456,145.86
Change In Other Working Capital
2,031,085.40
+135.38%
-5,740,367.48
-1666.18%
366,520.67
+149.62%
-738,686.75
Change In Other Current Assets
-123,451.66
-361.03%
47,294.32
-29.75%
67,319.50
+251.64%
-44,393.69
Change In Other Current Liabilities
157,243.06
+166.24%
-237,378.95
-795.71%
34,120.55
+194.18%
-36,227.52
Investing Cash Flow
-175,867.29
-175.49%
232,961.67
+241.20%
-164,991.25
-292.59%
-42,026.07
Cash Flow From Continuing Investing Activities
-175,867.29
-175.49%
232,961.67
+241.20%
-164,991.25
-292.59%
-42,026.07
Net PPE Purchase And Sale
-163,799.64
-0.19%
-163,494.82
+0.89%
-164,965.36
-294.56%
-41,809.80
Purchase Of PPE
-163,799.64
-0.19%
-163,494.82
+0.89%
-164,965.36
-294.56%
-41,809.80
Capital Expenditure
-163,799.64
-0.19%
-163,494.82
+0.89%
-164,965.36
-294.56%
-41,809.80
Net Business Purchase And Sale
-11,216.18
+82.17%
-62,897.75
—
-216.27
Purchase Of Business
-11,216.18
+82.17%
-62,897.75
—
-216.27
Net Other Investing Changes
-851.47
-100.19%
459,354.24
+1773805.45%
-25.90
—
Financing Cash Flow
-778,804.44
-477532.97%
-163.06
+99.90%
-169,389.55
-221.77%
-52,643.53
Cash Flow From Continuing Financing Activities
-778,804.44
-477532.97%
-163.06
+99.90%
-169,389.55
-221.77%
-52,643.53
Net Issuance Payments Of Debt
-153,573.47
-1420.99%
11,625.64
+135.37%
-32,867.25
+31.40%
-47,908.00
Issuance Of Debt
—
84,441.84
+153.92%
33,254.67
—
Repayment Of Debt
-153,573.47
-110.91%
-72,816.19
-10.12%
-66,121.93
-38.02%
-47,908.00
Long Term Debt Issuance
—
84,441.84
+153.92%
33,254.67
—
Long Term Debt Payments
-153,573.47
-110.91%
-72,816.19
-10.12%
-66,121.93
-38.02%
-47,908.00
Net Long Term Debt Issuance
-153,573.47
-1420.99%
11,625.64
+135.37%
-32,867.25
+31.40%
-47,908.00
Net Common Stock Issuance
—
—
—
0.00
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
-614,254.88
-119232.81%
-514.74
+99.60%
-129,487.83
—
Cash Dividends Paid
-614,254.88
-119232.81%
-514.74
+99.60%
-129,487.83
—
Repurchase Of Capital Stock
—
—
—
0.00
Net Other Financing Charges
-10,976.08
+2.64%
-11,273.96
-60.27%
-7,034.47
-48.55%
-4,735.53
Changes In Cash
1,679,116.34
+14889.83%
-11,353.18
-100.36%
3,176,511.60
+1693.64%
177,098.61
Effect Of Exchange Rate Changes
481,368.05
-81.52%
2,604,739.48
+204.08%
856,610.72
+421.25%
164,337.26
Beginning Cash Position
3,966,049.24
-40.72%
6,689,916.82
+63.41%
4,094,064.15
+69.62%
2,413,599.95
End Cash Position
3,766,926.72
-5.02%
3,966,049.24
-22.01%
5,085,503.50
+170.50%
1,880,049.58
Free Cash Flow
2,469,988.42
+705.91%
-407,646.62
-112.18%
3,345,927.05
+1355.01%
229,958.41
Income Tax Paid Supplemental Data
2,361,606.71
-47.38%
4,487,694.97
+181.41%
1,594,697.22
+117.76%
732,306.51
Other Cash Adjustment Outside Changein Cash
-2,359,606.92
+55.62%
-5,317,253.88
-74.81%
-3,041,682.97
-247.63%
-874,986.24
Taxes Refund Paid
-423,864.37
-457.42%
-76,040.49
-316.81%
-18,243.61
+72.82%
-67,120.48
SEC Filings

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