Banco Macro SA (BMA) AI Stock Analysis

• Market Cap: $2.63B
• Dividend Yield: 2.88%
• Average Volume (3M): 605.75K
• Price to Earnings (P/E): 6.5
• Beta (1Y): 0.77
• Revenue Growth: -57.78%
• EPS Growth: -67.92%
• Country: US
• Employees: 9,004
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.73
• Shares Outstanding: 62,817,800
• 10 Day Avg. Volume: 977,556
• 30 Day Avg. Volume: 605,747
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: <0.01
• Enterprise Value/Ebitda: <0.01
• 1Y Price Target: $53.50
• Price Target Upside: 36.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 63 Neutral
• Price Target: $51.00 ▲(29.87% Upside)

Banco Macro's overall stock score reflects a mix of strong financial performance and valuation, tempered by bearish technical indicators and challenges highlighted in the earnings call. The company's robust revenue growth and solid balance sheet are significant strengths, but operational efficiency and asset quality need improvement.

Banco Macro SA Business Overview & Revenue Model

Company Description

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 (ATMs), 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 comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

How the Company Makes Money

Banco Macro generates revenue through various streams, primarily from interest income derived from loans issued to individuals and businesses. The bank provides personal loans, mortgages, and credit facilities to SMEs, which are significant components of its lending portfolio. Additionally, Banco Macro earns revenue through fees and commissions for services such as account maintenance, transaction processing, and financial advisory. The bank also benefits from investment income derived from its holdings in government securities and corporate bonds. Strategic partnerships with other financial institutions and technology firms enhance its service offerings and customer engagement, contributing to its overall profitability.

Banco Macro SA Financial Statement Overview

Summary

Banco Macro SA demonstrates strong revenue growth and a solid balance sheet with low leverage. However, profitability margins are modest, and the decline in free cash flow growth poses a potential risk. The company should focus on improving operational efficiency and cash flow management to enhance overall financial health.

Income Statement

Banco Macro SA shows a strong revenue growth rate of 27.43% in the latest year, indicating robust business expansion. However, the net profit margin is relatively low at 5.04%, suggesting potential inefficiencies or high costs. The gross profit margin is healthy at 68.28%, but the EBIT and EBITDA margins are modest at 5.57% and 7.71%, respectively, indicating room for improvement in operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.11, reflecting conservative leverage. The return on equity is moderate at 8.04%, suggesting decent profitability relative to shareholder equity. The equity ratio is solid, indicating a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

The cash flow statement reveals a significant decline in free cash flow growth at -51.29%, which could be a concern for future liquidity. However, the free cash flow to net income ratio is strong at 86.44%, indicating that a substantial portion of earnings is converted into cash. The operating cash flow to net income ratio is unavailable, limiting a full assessment of cash flow efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.46T	3.15B	1.51T	1.13T	409.07B
Gross Profit	4.41T	2.83T	1.51T	1.13T	409.07B
EBITDA	498.16B	772.19B	47.23B	35.79B	12.82B
Net Income	325.50B	587.32B	126.95B	138.74B	76.90B
Balance Sheet
Total Assets	14.49T	6.72T	6.51T	1.95T	1.17T
Cash, Cash Equivalents and Short-Term Investments	3.21T	1.20T	1.21T	335.69B	196.18B
Total Debt	465.41B	396.48B	239.19B	90.36B	60.98B
Total Liabilities	10.44T	4.67T	280.10B	102.52B	72.23B
Stockholders Equity	4.05T	2.04T	1.59T	466.72B	228.74B
Cash Flow
Free Cash Flow	794.07B	-142.30B	1.54T	229.96B	341.09B
Operating Cash Flow	918.59B	-85.23B	1.61T	271.77B	351.90B
Investing Cash Flow	-133.69B	-951.69B	-75.77B	-42.03B	-10.81B
Financing Cash Flow	-592.03B	-56.91M	-77.79B	-52.64B	-20.05B

Banco Macro SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 39.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMA, the sentiment is Negative. The current price of 39.27 is below the 20-day moving average (MA) of 50.94, below the 50-day MA of 61.25, and below the 200-day MA of 79.92, indicating a bearish trend. The MACD of -6.63 indicates Positive momentum. The RSI at 25.09 is Positive, neither overbought nor oversold. The STOCH value of 7.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BMA.

Banco Macro SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIB	81 Outperform	13.66B	14.68	14.39%	12.62%	-8.82%	4.87%
BLX	76 Outperform	1.65B	7.87	15.57%	5.32%	3.46%	12.88%
FHB	72 Outperform	3.20B	13.26	9.15%	4.05%	-2.56%	12.05%
GGAL	71 Outperform	4.44B	3.73	0.00%	2.16%	-42.92%	-21.46%
BBAR	68 Neutral	1.66B	5.37	13.98%	0.69%	-47.41%	-18.95%
BMA	63 Neutral	$2.63B	6.50	10.91%	2.88%	-57.78%	-67.92%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Banco Macro SA Corporate Events

Banco Macro S.A. Announces Fourth Dividend Payment for 2025

On September 10, 2025, Banco Macro S.A. announced the payment of the fourth installment of its cash dividend, amounting to AR $35,845,730,979.60, which represents a significant return of 5,606.0336% of its capital stock. This distribution, authorized by the Central Bank of the Republic of Argentina and the company’s board, will be available to shareholders from September 29, 2025, with a 7% withholding tax applicable under the revised Income Tax Law.

Banco Macro Reports Robust 2Q25 Financial Performance

Banco Macro reported a significant increase in its financial performance for the second quarter of 2025, with net income reaching Ps.149.5 billion, marking a 209% increase from the previous quarter. The bank’s total financing and deposits also saw substantial growth, with financing increasing by 91% year-over-year and deposits by 13%. The bank maintained a strong solvency ratio with excess capital of Ps.3.13 trillion and a capital adequacy ratio of 30.5%. These results reflect Banco Macro’s robust financial health and its ability to navigate the challenging economic environment in Argentina.

Banco Macro SA Reports Strong Financial Results for Q2 2025

Banco Macro SA reported its quarterly financial results on August 27, 2025, showing a total net income of 197,988,111 thousand Pesos and a total comprehensive income of 203,133,594 thousand Pesos. The financial statement highlights a strong equity position with a total net shareholders’ equity of 4,518,658,883 thousand Pesos. This financial performance underscores the bank’s robust market positioning and its ability to generate significant profits, benefiting both controlling and non-controlling interests.

Banco Macro Announces Third Dividend Payment for 2025

Banco Macro S.A. announced the payment of the third installment of its cash dividend, amounting to AR $35,185,719,535.63, which represents 5,502.8122% of its capital stock. This distribution follows the resolutions from the shareholders’ meeting in April and the Central Bank’s authorization in June, with the payment set to be available from August 28, 2025. The dividend payment is subject to a 7% withholding tax, and shareholders with American Depositary Receipts will receive their dividends through The Bank of New York Mellon.

Banco Macro SA Announces Leadership Change

Banco Macro SA, a prominent financial institution in Argentina, announced a significant change in its board of directors. On August 20, 2025, Lucas Matías Gregorio, previously an Alternate Director, assumed the role of Regular Director, replacing Guido Agustín Gallino following his resignation. This leadership transition is expected to influence the bank’s strategic direction and governance, potentially impacting its stakeholders and market position.

Banco Macro S.A. Announces Board of Directors Composition

On August 20, 2025, Banco Macro S.A. filed a report with the Securities and Exchange Commission, detailing the composition of its board of directors. The board includes several independent directors, with terms expiring between 2025 and 2027. This announcement underscores Banco Macro’s commitment to maintaining a diverse and experienced leadership team, which is crucial for its strategic direction and governance. The appointment of directors, including independent ones, is expected to strengthen the bank’s governance structure and enhance its market position.

Banco Macro Announces Director Resignation

Banco Macro SA, a prominent financial institution in Argentina, announced the resignation of Mr. Guido Agustín Gallino from his position as Regular Director due to personal reasons. This resignation, communicated on August 12, 2025, will be addressed in the upcoming Board meeting, potentially impacting the bank’s leadership dynamics.

Banco Macro Announces Second Dividend Payment for 2025

On July 16, 2025, Banco Macro S.A. announced the payment of the second installment of its cash dividend, amounting to AR $34,529,085,525.33, which equates to AR $54.0011909248 per share. This payment follows resolutions from the shareholders’ meeting in April and authorizations from the Central Bank of Argentina. The dividend will be available to shareholders from July 30, 2025, with a 7% withholding tax applicable. This distribution is part of a broader strategy to return value to shareholders, reflecting the company’s stable financial position.

Banco Macro Cancels TELBRÁS Cedear Program

On June 23, 2025, Banco Macro S.A. announced the cancellation of the Cedear Program for Telecomunicacoes Brasileiras S.A. (TELBRÁS). The cancellation involved 3,639 Cedears with a total value of USD 104,000, with payments processed through Caja de Valores S.A. on June 19, 2025. This move may impact stakeholders involved with TELBRÁS Cedears, reflecting Banco Macro’s strategic adjustments in its financial offerings.

Banco Macro S.A. Announces $300 Billion Dividend Distribution

On June 18, 2025, Banco Macro S.A. announced that its board resolved to distribute a cash dividend of AR $300 billion, approved by the Central Bank of Argentina, in 10 equal monthly installments. The first installment, amounting to AR $33.98 billion, will be available to shareholders on June 30, 2025, with subsequent payments adjusted for inflation using the consumer price index. This decision reflects the bank’s strong financial position and commitment to returning value to its shareholders.