Banco Macro SA (BMA) AI Stock Analysis

• Market Cap: $5.82B
• Dividend Yield: 1.67%
• Average Volume (3M): 870.85K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.65
• 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: 1,180,715
• 30 Day Avg. Volume: 870,851
• PEG Ratio: -0.44
• Price to Book (P/B): 1.57
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 8.03
• Enterprise Value/Market Cap: 0.66
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: <0.01
• Enterprise Value/Ebitda: 0.03
• 1Y Price Target: $92.67
• Price Target Upside: 7.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: $97.00 ▲(12.50% Upside)

Banco Macro SA's overall stock score reflects strong financial performance and positive earnings call highlights, tempered by technical analysis indicating overbought conditions and valuation metrics suggesting fair value. The company's robust revenue growth and solid balance sheet are significant strengths, but challenges in profitability margins and asset quality need attention.

Banco Macro SA Business Overview & Revenue Model

Company Description

Banco Macro S.A. is one of Argentina's leading private banks, primarily focused on providing financial services to individuals and small to medium-sized enterprises (SMEs). Established in 1986, the bank operates through an extensive network of branches and ATMs across the country. Banco Macro offers a range of products including savings and checking accounts, loans, credit and debit cards, investment services, and insurance products, catering to both retail and corporate clients.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.64T	6.46T	9.69T	5.37T	1.70T	587.93B
Gross Profit	3.05T	4.41T	6.04T	3.23T	1.11T	385.95B
EBITDA	152.05B	498.16B	772.19B	47.23B	189.17B	12.82B
Net Income	32.53B	325.50B	587.32B	276.45B	138.74B	76.90B
Balance Sheet
Total Assets	16.14T	14.49T	6.72T	6.51T	1.95T	1.17T
Cash, Cash Equivalents and Short-Term Investments	2.15T	3.21T	1.20T	1.21T	335.69B	196.18B
Total Debt	457.45B	465.41B	396.48B	239.19B	90.36B	61.92B
Total Liabilities	11.70T	10.44T	4.67T	4.91T	1.48T	940.34B
Stockholders Equity	4.44T	4.05T	2.04T	1.59T	466.72B	228.74B
Cash Flow
Free Cash Flow	317.79B	794.07B	-142.30B	1.54T	229.96B	341.09B
Operating Cash Flow	459.10B	918.59B	-85.23B	1.61T	271.77B	351.90B
Investing Cash Flow	-158.73B	-133.69B	177.09B	-75.77B	-42.03B	-10.81B
Financing Cash Flow	857.24B	-592.03B	-2.90T	-77.79B	-306.88B	364.75B

Banco Macro SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 86.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMA, the sentiment is Positive. The current price of 86.22 is above the 20-day moving average (MA) of 70.21, above the 50-day MA of 55.95, and above the 200-day MA of 72.72, indicating a bullish trend. The MACD of 10.53 indicates Negative momentum. The RSI at 75.21 is Negative, neither overbought nor oversold. The STOCH value of 65.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BMA.

Banco Macro SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIB	79 Outperform	$15.32B	16.73	16.25%	10.36%	-8.82%	4.87%
GGAL	70 Outperform	$9.74B	8.34	22.42%	1.52%	-42.92%	-21.46%
FHB	70 Outperform	$3.02B	11.92	9.62%	4.20%	-4.45%	16.92%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BLX	65 Neutral	$1.56B	7.42	16.12%	5.61%	1.35%	9.65%
BBAR	64 Neutral	$3.63B	11.23	13.26%	0.55%	-47.41%	-18.95%
BMA	63 Neutral	$5.82B	14.28	10.91%	1.67%	-57.78%	-67.92%

Banco Macro SA Corporate Events

Banco Macro S.A. Announces Dividend Payment Following Share Repurchase

On October 29, 2025, Banco Macro S.A. announced a complementary notice regarding the payment of a cash dividend installment, following a recent treasury share repurchase. The dividend, amounting to AR $36,589,874,132.56, will be available to shareholders from October 31, 2025, with a 7% withholding tax applied. The announcement underscores Banco Macro’s ongoing share buyback program and its impact on dividend distribution, reflecting the company’s strategic financial management and commitment to shareholder returns.

Banco Macro S.A. Acquires Own Shares in Strategic Move

On October 15, 2025, Banco Macro S.A. reported a significant corporate action involving the acquisition of its own shares. The bank purchased 21,107 common Class B shares at an average price of Ps$ 7,426.31 per share, totaling Ps$ 156,747,150. This move is part of the bank’s strategic financial management, potentially impacting its market positioning and shareholder value.

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

On October 15, 2025, Banco Macro S.A. announced the payment of the fifth installment of its cash dividend, amounting to AR $36,589,874,132.56, or AR $57.2243060958 per share. This decision follows resolutions from earlier shareholder meetings and authorizations from the Central Bank of the Republic of Argentina. The dividend will be available to shareholders starting October 31, 2025, with a 7% withholding tax applicable. The announcement also noted the potential impact of the bank’s ongoing share buyback program on the dividend distribution.

Banco Macro S.A. Acquires Own Shares in Strategic Move

On October 13, 2025, Banco Macro S.A. announced the acquisition of 2,000 of its own common, book entry, Class B shares. The shares, each with a par value of 1 Peso, were purchased at an average price of 7,490 Pesos per share, totaling an aggregate amount of 14,980,000 Pesos. This move is part of the bank’s strategic actions under the provisions of Section 64 of Law 26,831 and applicable CNV Rules and Regulations, potentially impacting its market positioning and shareholder value.

Banco Macro S.A. Announces Stock Repurchase Amid Market Fluctuations

On October 8, 2025, Banco Macro S.A. announced a stock repurchase program, setting terms for the acquisition of up to 30 million Class B shares, with a maximum investment of Ps$. 225 billion. This decision, influenced by the current macroeconomic conditions and market fluctuations, aims to bolster the bank’s financial strength and liquidity, potentially impacting its market positioning positively.

Banco Macro SA Releases Interim Financial Statements for June 2025

Banco Macro SA released its condensed interim financial statements for the period ending June 30, 2025. The financial report highlights a decrease in cash and deposits in banks from December 31, 2024, to June 30, 2025, alongside a reduction in debt securities at fair value through profit or loss. These financial changes may impact the bank’s liquidity and investment strategies, affecting stakeholders’ interests.

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.