Symbols / BMA Stock $68.86 -4.36% Banco Macro S.A.

Financial Services • Banks - Regional • Argentina • NYQ
BMA (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Juan Martin Parma
Exch · Country NYQ · Argentina
Market Cap 4.40B
Enterprise Value -1.07T
Income 289.49B
Sales 4.06T
FCF (ttm) —
Book/sh 57.77
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 21.39
Forward P/E 6.92
PEG 0.47
P/S 0.00
P/B 1.19
P/C —
EV/EBITDA —
EV/Sales -0.26
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 3.22
EPS next Y 9.94
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 11.48%
Short Float 2.13%
Short Ratio 1.42
Short Interest 457.34K
52W High 106.15
vs 52W High -35.13%
52W Low 38.30
vs 52W Low 79.79%
Beta 0.66
Impl. Vol. 62.32%
Rel Volume 1.47
Avg Volume 351.56K
Volume 518.48K
Target (mean) $117.34
Tgt Median $120.45
Tgt Low $79.31
Tgt High $151.70
# Analysts 9
Recom Buy
Prev Close $72.00
Price $68.86
Change -4.36%
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
$117.34
Mean price target
2. Current target
$68.86
Latest analyst target
3. DCF / Fair value
$48.30
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$68.86
Low
$79.31
High
$151.70
Mean
$117.34

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2018-05-11 up Santander Hold → Buy —
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
4,521,612.36
-26.39%
6,142,456.96
+87.26%
3,280,116.84
+190.91%
1,127,532.03
Operating Revenue
4,521,612.36
-26.39%
6,142,456.96
+87.26%
3,280,116.84
+190.91%
1,127,532.03
Selling General And Administration
1,016,800.19
+10.11%
923,473.86
+20.80%
764,439.60
+117.96%
350,721.38
Selling And Marketing Expense
22,156.74
+9.50%
20,234.83
+25.64%
16,104.98
+204.25%
5,293.38
General And Administrative Expense
994,643.44
+10.12%
903,239.02
+20.70%
748,334.62
+116.64%
345,428.00
Salaries And Wages
721,897.25
+8.54%
665,124.99
+23.20%
539,884.43
+121.05%
244,234.36
Other Gand A
247,823.19
+14.47%
216,498.35
+14.83%
188,545.26
+104.99%
91,975.65
Reconciled Depreciation
138,140.50
+9.19%
126,517.98
+22.35%
103,405.91
+139.23%
43,224.59
Total Unusual Items
-10,485.97
-363.30%
-2,263.31
+10.45%
-2,527.38
-297.30%
1,281.01
Total Unusual Items Excluding Goodwill
-10,485.97
-363.30%
-2,263.31
+10.45%
-2,527.38
-297.30%
1,281.01
Special Income Charges
-11,261.41
-274.28%
-3,008.78
+18.19%
-3,677.67
-1954.12%
-179.04
Other Special Charges
11,261.41
+274.28%
3,008.78
-18.19%
3,677.67
+1954.12%
179.04
Net Income
325,502.11
-74.32%
1,267,458.71
+358.47%
276,451.50
+99.25%
138,744.99
Pretax Income
360,014.62
-80.88%
1,883,015.10
+369.50%
401,071.59
+174.81%
145,944.00
Net Interest Income
1,608,810.25
-10.58%
1,799,102.85
-13.44%
2,078,467.57
+159.78%
800,096.88
Interest Expense
1,942,626.04
-45.30%
3,551,223.69
+69.83%
2,090,993.99
+264.18%
574,163.46
Interest Income
3,551,436.30
-33.62%
5,350,326.54
+28.32%
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
2,221,229.69
+4.69%
2,121,704.27
+592.83%
306,237.05
+202.66%
101,180.88
Tax Provision
33,523.39
-94.55%
614,792.59
+393.52%
124,572.05
+1631.50%
7,194.48
Tax Rate For Calcs
0.00
-71.47%
0.00
+4.82%
0.00
+534.69%
0.00
Tax Effect Of Unusual Items
-975.20
-32.17%
-737.84
+6.13%
-786.02
-1352.22%
62.77
Net Income Including Noncontrolling Interests
326,491.23
-74.26%
1,268,222.50
+358.67%
276,499.54
+99.28%
138,749.52
Net Income From Continuing Operation Net Minority Interest
325,502.11
-74.32%
1,267,458.71
+358.47%
276,451.50
+99.25%
138,744.99
Net Income From Continuing And Discontinued Operation
325,502.11
-74.32%
1,267,458.71
+358.47%
276,451.50
+99.25%
138,744.99
Net Income Continuous Operations
326,491.23
-74.26%
1,268,222.50
+358.67%
276,499.54
+99.28%
138,749.52
Minority Interests
-989.12
-29.50%
-763.79
-1489.84%
-48.04
-959.59%
-4.53
Normalized Income
335,012.88
-73.60%
1,268,984.18
+356.15%
278,192.86
+102.28%
137,526.74
Net Income Common Stockholders
325,502.11
-74.32%
1,267,458.71
+358.47%
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
325,502.11
-74.32%
1,267,458.71
+358.47%
276,451.50
+99.25%
138,744.99
Depreciation Amortization Depletion Income Statement
138,140.50
+9.19%
126,517.98
+22.35%
103,405.91
+139.23%
43,224.59
Depreciation And Amortization In Income Statement
138,140.50
+9.19%
126,517.98
+22.35%
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
23,501.60
+14.14%
20,590.21
+9.94%
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
529,522.33
-9.16%
582,923.74
+42.82%
408,156.95
+140.48%
169,725.38
Rent And Landing Fees
1,421.41
+38.61%
1,025.48
-12.85%
1,176.70
+66.25%
707.77
Rent Expense Supplemental
1,421.41
+38.61%
1,025.48
-12.85%
1,176.70
+66.25%
707.77
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
14,492,424.83
-0.94%
14,629,820.19
+124.77%
6,508,793.93
+234.37%
1,946,567.23
Cash And Cash Equivalents
2,776,111.55
+3.02%
2,694,676.61
+246.01%
778,796.54
+132.00%
335,692.11
Cash Financial
416,058.89
-51.92%
865,299.96
+906.31%
85,987.79
+65.80%
51,862.71
Other Short Term Investments
438,703.74
-30.93%
635,193.33
+47.90%
429,468.49
—
Receivables
1,035,235.48
+20.06%
862,280.96
+144.63%
352,486.72
+185.64%
123,402.98
Accounts Receivable
508,309.01
-19.45%
631,058.31
+237.48%
186,990.22
+211.16%
60,095.46
Other Receivables
526,926.48
+127.89%
231,222.66
+39.71%
165,496.50
+161.42%
63,307.52
Prepaid Assets
33,874.43
-34.51%
51,726.14
+364.27%
11,141.42
+350.56%
2,472.80
Net PPE
788,293.01
+1.46%
776,953.16
+144.93%
317,211.46
+208.00%
102,991.48
Gross PPE
1,070,890.45
-12.02%
1,217,254.33
+171.93%
447,629.98
+225.29%
137,607.90
Accumulated Depreciation
-282,597.43
+35.82%
-440,301.18
-237.61%
-130,418.52
-276.75%
-34,616.41
Machinery Furniture Equipment
291,225.62
-30.49%
418,977.46
+271.19%
112,873.60
+261.81%
31,197.30
Construction In Progress
32,395.64
+74.06%
18,611.53
+361.01%
4,037.14
+30.66%
3,089.82
Other Properties
747,033.10
-2.09%
762,980.48
+149.81%
305,426.93
+218.26%
95,966.81
Leases
236.09
-98.58%
16,684.87
-34.03%
25,292.31
+243.93%
7,353.97
Goodwill And Other Intangible Assets
147,475.91
-9.91%
163,694.29
+201.41%
54,308.75
+231.74%
16,370.97
Other Intangible Assets
147,475.91
-9.91%
163,694.29
+201.41%
54,308.75
+231.74%
16,370.97
Investments And Advances
4,168,923.79
-16.12%
4,970,355.40
+61.94%
3,069,318.29
+359.00%
668,690.27
Long Term Equity Investment
4,601.82
+25.41%
3,669.56
+3.22%
3,555.03
+272.83%
953.52
Total Liabilities Net Minority Interest
10,441,712.23
+2.47%
10,190,197.31
+107.38%
4,913,674.06
+232.06%
1,479,769.83
Payables And Accrued Expenses
1,048,575.93
-27.27%
1,441,661.30
+183.82%
507,945.53
+152.63%
201,060.69
Payables
1,021,951.30
-27.20%
1,403,737.72
+176.36%
507,945.53
+152.63%
201,060.69
Other Payable
857,476.18
+11.95%
765,967.23
+91.14%
400,741.65
+211.49%
128,655.04
Dividends Payable
1.23
-99.30%
174.52
—
51,776.84
Current Accrued Expenses
26,624.63
-29.79%
37,923.58
—
—
Employee Benefits
110,537.37
+36.95%
80,713.84
+2204.13%
3,503.01
+325.12%
824.01
Total Tax Payable
164,473.89
-74.20%
637,595.97
+494.75%
107,203.88
+419.68%
20,628.82
Income Tax Payable
164,473.89
-74.20%
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
440,084.67
-49.03%
863,390.53
+260.96%
239,194.24
+164.73%
90,355.11
Long Term Debt
432,465.21
-48.70%
842,945.16
+261.66%
233,074.28
+166.10%
87,588.71
Long Term Capital Lease Obligation
7,619.46
-62.73%
20,445.37
+234.08%
6,119.96
+121.23%
2,766.39
Long Term Provisions
5,368.06
-72.03%
19,191.37
+121.04%
8,682.46
+169.56%
3,221.01
Non Current Pension And Other Postretirement Benefit Plans
7,851.13
+126.98%
3,458.90
-1.26%
3,503.01
+325.12%
824.01
Non Current Deferred Liabilities
80,145.13
-18.96%
98,899.29
+141.79%
40,903.09
+236.12%
12,169.16
Non Current Deferred Taxes Liabilities
80,145.13
-18.96%
98,899.29
+141.79%
40,903.09
+236.12%
12,169.16
Stockholders Equity
4,049,083.08
-8.78%
4,438,608.35
+178.31%
1,594,856.14
+241.71%
466,723.60
Common Stock Equity
4,049,083.08
-8.78%
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
-521,635.02
-220.85%
431,634.58
+272.67%
-249,980.90
-191.62%
-85,721.10
Gains Losses Not Affecting Retained Earnings
3,306,954.96
+20.55%
2,743,210.64
+116.94%
1,264,499.93
+245.41%
366,085.41
Minority Interest
1,629.52
+60.62%
1,014.53
+284.68%
263.74
+257.42%
73.79
Other Equity Adjustments
3,306,954.96
+20.55%
2,743,210.64
+116.94%
1,264,499.93
+245.41%
366,085.41
Total Equity Gross Minority Interest
4,050,712.60
-8.76%
4,439,622.88
+178.33%
1,595,119.87
+241.72%
466,797.39
Total Capitalization
4,481,548.29
-15.15%
5,281,553.51
+188.94%
1,827,930.42
+229.77%
554,312.31
Invested Capital
4,481,548.29
-15.15%
5,281,553.51
+188.94%
1,827,930.42
+229.77%
554,312.31
Total Debt
446,453.84
-48.29%
863,390.53
+260.96%
239,194.24
+164.73%
90,355.11
Capital Lease Obligations
13,988.63
-31.58%
20,445.37
+234.08%
6,119.96
+121.23%
2,766.39
Net Tangible Assets
3,901,607.17
-8.73%
4,274,914.06
+177.49%
1,540,547.39
+242.08%
450,352.64
Tangible Book Value
3,901,607.17
-8.73%
4,274,914.06
+177.49%
1,540,547.39
+242.08%
450,352.64
Available For Sale Securities
3,725,618.23
-13.99%
4,331,492.51
+64.30%
2,636,294.78
+294.81%
667,736.75
Cash Cash Equivalents And Federal Funds Sold
2,799,138.23
-31.75%
4,101,493.03
+322.12%
971,649.17
+144.83%
396,868.47
Current Provisions
11,744.24
—
—
—
Derivative Product Liabilities
1,321.60
-78.61%
6,179.87
+83615.38%
7.38
+49.65%
4.93
Other Equity Interest
1,250,693.94
+0.00%
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
2,002,138.25
+1178.75%
-185,597.94
-105.29%
3,510,892.40
+1191.87%
271,768.21
Cash Flow From Continuing Operating Activities
2,002,138.25
+1178.75%
-185,597.94
-105.29%
3,510,892.40
+1191.87%
271,768.21
Net Income From Continuing Operations
360,014.62
-80.88%
1,883,015.10
+369.50%
401,071.59
+174.81%
145,944.00
Depreciation Amortization Depletion
138,140.50
+9.19%
126,517.98
+22.35%
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
138,140.50
+9.19%
126,517.98
+22.35%
103,405.91
+139.23%
43,224.59
Amortization Of Intangibles
73,563.65
+143.99%
30,150.45
—
—
Other Non Cash Items
992,675.12
-68.12%
3,113,357.49
+22.47%
2,542,035.89
+265.94%
694,655.47
Operating Gains Losses
-230,684.17
+79.62%
-1,131,690.31
-97.22%
-573,816.27
-448.92%
-104,535.19
Net Foreign Currency Exchange Gain Loss
-230,684.17
+79.62%
-1,131,690.31
-97.22%
-573,816.27
-448.92%
-104,535.19
Change In Working Capital
956,095.91
+122.66%
-4,219,097.37
-517.87%
1,009,662.60
+321.35%
-456,145.86
Change In Other Working Capital
1,543,979.12
+135.38%
-4,363,680.42
-1290.57%
366,520.67
+149.62%
-738,686.75
Change In Other Current Assets
-93,844.80
-361.03%
35,951.93
-46.60%
67,319.50
+251.64%
-44,393.69
Change In Other Current Liabilities
119,532.15
+166.24%
-180,449.40
-628.86%
34,120.55
+194.18%
-36,227.52
Investing Cash Flow
-133,689.80
-175.49%
177,091.50
+207.33%
-164,991.25
-292.59%
-42,026.07
Cash Flow From Continuing Investing Activities
-133,689.80
-175.49%
177,091.50
+207.33%
-164,991.25
-292.59%
-42,026.07
Net PPE Purchase And Sale
-124,516.29
-0.19%
-124,284.58
+24.66%
-164,965.36
-294.56%
-41,809.80
Purchase Of PPE
-124,516.29
-0.19%
-124,284.58
+24.66%
-164,965.36
-294.56%
-41,809.80
Capital Expenditure
-124,516.29
-0.19%
-124,284.58
+24.66%
-164,965.36
-294.56%
-41,809.80
Net Business Purchase And Sale
-8,526.25
+82.17%
-47,813.26
—
-216.27
Purchase Of Business
-8,526.25
+82.17%
-47,813.26
—
-216.27
Net Other Investing Changes
-647.26
-100.19%
349,189.33
+1348425.47%
-25.90
—
Financing Cash Flow
-592,027.19
-477537.73%
-123.95
+99.93%
-169,389.55
-221.77%
-52,643.53
Cash Flow From Continuing Financing Activities
-592,027.19
-477537.73%
-123.95
+99.93%
-169,389.55
-221.77%
-52,643.53
Net Issuance Payments Of Debt
-116,742.62
-1420.99%
8,837.52
+126.89%
-32,867.25
+31.40%
-47,908.00
Issuance Of Debt
—
64,190.52
+93.03%
33,254.67
—
Repayment Of Debt
-116,742.62
-110.91%
-55,353.00
+16.29%
-66,121.93
-38.02%
-47,908.00
Long Term Debt Issuance
—
64,190.52
+93.03%
33,254.67
—
Long Term Debt Payments
-116,742.62
-110.91%
-55,353.00
+16.29%
-66,121.93
-38.02%
-47,908.00
Net Long Term Debt Issuance
-116,742.62
-1420.99%
8,837.52
+126.89%
-32,867.25
+31.40%
-47,908.00
Net Common Stock Issuance
—
—
—
0.00
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
-466,940.84
-119232.79%
-391.29
+99.70%
-129,487.83
—
Cash Dividends Paid
-466,940.84
-119232.79%
-391.29
+99.70%
-129,487.83
—
Repurchase Of Capital Stock
—
—
—
0.00
Net Other Financing Charges
-8,343.74
+2.64%
-8,570.17
-21.83%
-7,034.47
-48.55%
-4,735.53
Changes In Cash
1,276,421.25
+14889.84%
-8,630.39
-100.27%
3,176,511.60
+1693.64%
177,098.61
Effect Of Exchange Rate Changes
365,923.67
-81.52%
1,980,056.27
+131.15%
856,610.72
+421.25%
164,337.26
Beginning Cash Position
3,014,889.10
-40.72%
5,085,503.50
+24.22%
4,094,064.15
+69.62%
2,413,599.95
End Cash Position
2,863,521.25
-5.02%
3,014,889.10
-40.72%
5,085,503.50
+170.50%
1,880,049.58
Free Cash Flow
1,877,621.96
+705.91%
-309,882.52
-109.26%
3,345,927.05
+1355.01%
229,958.41
Income Tax Paid Supplemental Data
1,795,232.96
-47.38%
3,411,430.83
+113.92%
1,594,697.22
+117.76%
732,306.51
Other Cash Adjustment Outside Changein Cash
-1,793,712.77
+55.62%
-4,042,040.27
-32.89%
-3,041,682.97
-247.63%
-874,986.24
Taxes Refund Paid
-322,210.84
-457.42%
-57,804.04
-216.85%
-18,243.61
+72.82%
-67,120.48
SEC Filings

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