EarningsQ2 2026 Earnings Report
MX:BMAN Q2 2026 EPS Results
Actual EPS$37.37
Consensus EPS$32.01
Beat/MissBeat by +$5.36
One Year Ago EPS$29.81
MX:BMAN Q2 2026 Revenue Results
Actual Revenue$21.66B
Expected Revenue$16.30B
Beat/MissBeat by +$5.36B
YoY Revenue Growth+6.54%
Earnings Announcement Details
QuarterQ2 2026
Date08/19/2026
TimeAfter Close
Conference CallWednesday, August 19, 2026
MX:BMAN Upcoming Earnings
Banco Macro SA's next earnings date is estimated for November 25, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BMAN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of constructive operational and financial achievements—strong quarterly profitability improvement, upgraded adjusted ROE guidance, robust capital and liquidity, high stage 3 coverage and continued execution of a multi-year digital and product transformation—balanced against ongoing challenges: muted loan growth, a sequential rise in NPLs (notably in consumer), significant one-time restructuring charges, some compression in asset yields, and macro/political uncertainty heading into an election year. Management provided conservative forward guidance for loan growth and cost-of-risk while highlighting capacity to invest and pursue strategic opportunities.Company Guidance
Quarterly Net Income and ROE Improvement
Net income increased 39% quarter-on-quarter (and ~4% year-on-year) to ARS 206.8 billion (reported). Reported ROE rose to 13.4% and adjusted annualized ROE reached 14.3% (excludes ARS 14.2 billion after-tax restructuring charges). Management raised adjusted ROE guidance for 2026 to ~12% (from prior ~8%).
Strong Capital and Liquidity Position
Tier 1 ratio stood at 28% versus an 11.5% regulatory requirement. Liquid assets to total deposits increased to 79% and liquid assets represented ~74% of total deposits, providing capacity to support growth and strategic opportunities.
Asset Quality Still Above System Metrics
Reported NPLs were below system levels (Banco Macro reported ~6.25%-6.5% vs system ~7.7% as of May). Coverage remained healthy at 95.4%, above the system coverage of 86.3% (May), and Stage 3 loan coverage was very strong at ~148.8%.
Margin and Funding Improvements
Funding costs declined materially, with the average cost of interest-bearing liabilities falling below 20% and funding costs down ~550 basis points quarter-on-quarter (from 24% to 19%). Net interest income was broadly stable quarter-on-quarter and 11% above the prior year quarter.
Efficiency and Structural Transformation Progress
Efficiency ratio stable at ~33.9% year-on-year while the bank continued its transformation: closed 18 branches in the quarter (402 branches at quarter-end, targeting ~370 by year-end), headcount reduced to ~8.18k (down 1% q/q, 8% y/y), with ongoing investments to reallocate savings into digital and wealth initiatives.
Lower Loan Loss Provisions and Reduced Monetary Losses
Loan loss provisions decreased ~24% quarter-on-quarter (ARS ~60.7 billion lower q/q). Loss from the net monetary position was ARS ~102.1 billion smaller than in Q1, reflecting lower domestic inflation and contributing positively to profitability.
Execution on Strategic Digital and Product Initiatives
Notable milestones include near-complete rollout of a new retail banking app and digital onboarding, launch of a first-mover loyalty program, an industry-scale conversational banking WhatsApp channel, wealth management app live, auto insurance launched across the network, and steps toward a private banking proposition—supporting future fee income growth.
MX:BMAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed