Banco Macro SA (BMA) AI Stock Analysis

• Market Cap: $4.49B
• Dividend Yield: 2.37%
• Average Volume (3M): 357.39K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 0.88
• Revenue Growth: -55.81%
• EPS Growth: -78.94%
• Country: US
• Employees: 9,004
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.13
• Shares Outstanding: 62,817,800
• 10 Day Avg. Volume: 438,980
• 30 Day Avg. Volume: 357,392
• PEG Ratio: -0.29
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 2.06
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.38K
• Enterprise Value/Revenue: 1.54
• Enterprise Value/Gross Profit: 2.20K
• Enterprise Value/Ebitda: 15.14
• 1Y Price Target: $115.33
• Price Target Upside: 73.06% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 6.73
• Revenue Forecast (FY): $3.60B

• Rating: 65 Neutral
• Price Target: $110.00 ▲(65.07% Upside)
• Action: Downgraded Date: 12/02/25
• Date: Action: Downgraded 12/02/25

Banco Macro's overall stock score reflects a mix of strong revenue growth and a solid balance sheet, tempered by modest profitability and significant challenges highlighted in the recent earnings call. Technical indicators show positive momentum, but the financial performance and earnings call concerns weigh heavily on the score.

Positive Factors

Loan Growth

Sustained, high loan growth expands the bank's interest-earning asset base and drives long-term net interest income. Over 2-6 months, this supports revenue resilience and market share gains in Argentina, though credit underwriting must hold to preserve asset quality.

Deposit Growth & Liquidity

Consistent deposit inflows and a 67% liquid-assets-to-deposits ratio underpin funding stability and reduce reliance on wholesale markets. This durable liquidity cushion supports lending growth and buffers short-term shocks, improving balance-sheet flexibility over the medium term.

Strong Capital Position

Very high regulatory capital ratios provide a structural buffer against credit losses and macro volatility, enabling continued lending and dividend policy while meeting supervisory requirements. It materially lowers solvency risk and enhances strategic optionality over months.

Negative Factors

Net Income Losses

Quarterly net losses reduce retained earnings and strain profitability metrics, limiting capacity to absorb future shocks and invest in operations. If losses persist, they can erode return on equity and constrain capital deployment choices over the coming quarters.

Rising Loan Loss Provisions & NPLs

Sharp increases in provisions and a materially higher nonperforming ratio signal weakening asset quality. Persistently elevated credit costs compress margins and require higher capital absorption, impairing earnings power and lending capacity across a multi-quarter horizon.

Declining Free Cash Flow Growth

A steep drop in free cash flow growth reduces internal funding for investment, loan loss buffers, and shareholder returns. Even with good FCF-to-net-income conversion, declining FCF momentum constrains operational flexibility and raises dependence on external funding over several months.

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 primarily through the interest income from loans and credit facilities extended to customers. The bank earns significant income from net interest margin, which is the difference between the interest earned on loans and the interest paid on deposits. Additionally, it generates fees from various banking services, including account maintenance fees, transaction fees, and commissions for investment products. The bank also benefits from foreign exchange operations and trading activities. Strategic partnerships and collaborations with other financial institutions and fintech companies enhance its service offerings and expand its customer reach, contributing to its overall earnings.

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 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.80B	6.46T	9.69T	5.37T	1.70T
Gross Profit	2.80B	4.41T	6.04T	3.23T	1.11T
EBITDA	0.00	498.16B	2.01T	448.56B	189.17B
Net Income	199.51M	325.50B	1.27T	276.45B	138.74B
Balance Sheet
Total Assets	16.02T	14.49T	14.63T	6.51T	1.95T
Cash, Cash Equivalents and Short-Term Investments	2.47B	3.21T	3.33T	1.21T	335.69B
Total Debt	1.03T	465.41B	914.79B	239.19B	90.36B
Total Liabilities	12.41T	10.44T	10.19T	4.91T	1.48T
Stockholders Equity	3.61B	4.05T	4.44T	1.59T	466.72B
Cash Flow
Free Cash Flow	0.00	794.07B	-142.30B	1.54T	229.96B
Operating Cash Flow	0.00	918.59B	-85.23B	1.61T	271.77B
Investing Cash Flow	0.00	-133.69B	177.09B	-75.77B	-42.03B
Financing Cash Flow	0.00	-592.03B	-2.90T	-77.79B	-306.88B

Banco Macro SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 66.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

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 66.64 is below the 20-day moving average (MA) of 79.61, below the 50-day MA of 88.64, and below the 200-day MA of 73.07, indicating a bearish trend. The MACD of -5.82 indicates Positive momentum. The RSI at 28.82 is Positive, neither overbought nor oversold. The STOCH value of 21.80 is Neutral, 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
OZK	75 Outperform	$4.92B	7.10	11.93%	3.68%	2.79%	2.11%
FHB	70 Outperform	$2.94B	11.43	9.62%	3.96%	-4.45%	16.92%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BMA	65 Neutral	$4.49B	28.90	4.69%	2.37%	-55.81%	-78.94%
AVAL	57 Neutral	$4.61B	7.37	9.37%	3.03%	-6.62%	111.94%
BBAR	55 Neutral	$2.87B	18.39	7.42%	0.80%	-39.57%	-49.55%
GGAL	49 Neutral	$6.97B	-60.57	2.57%	1.82%	-36.51%	-39.66%

Banco Macro SA Corporate Events

Banco Macro Invests US$75 Million for 50% Stake in Personal Pay Operator Micro Sistemas

On January 22, 2026, Banco Macro S.A. announced that it had entered into a master agreement with Telecom Argentina S.A. and its subsidiaries Micro Fintech Holding LLC and Micro Sistemas S.A.U. to foster the growth and expansion of Micro Sistemas, the payment service provider behind the “Personal Pay” brand. As part of the alliance, Banco Macro will provide its financial product expertise while Micro Sistemas contributes its large base of active users and recurring payment use cases, aiming to build a more comprehensive, customer-centric digital financial ecosystem. Banco Macro will make a capital contribution equivalent to US$75 million to subscribe for 50% of the capital stock and voting rights of Micro Sistemas, a move that significantly deepens its presence in Argentina’s fast-growing digital payments space and could enhance its competitive positioning in fintech-driven financial services, subject to approval by the relevant antitrust authority.

The most recent analyst rating on (BMA) stock is a Hold with a $98.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro to Pay Eighth Installment of ARS 39.46 Billion Cash Dividend on January 29, 2026

On January 14, 2026, Banco Macro S.A. announced that, following shareholder approvals from April 4, 2025, regulatory authorizations from the Central Bank of Argentina, and a board resolution adopted the same day, it will pay the eighth installment of a cash dividend totaling ARS 39.46 billion, equivalent to ARS 61.7222815111 per share and representing 6,172.2281% of its outstanding capital stock of ARS 639.39 million. The dividend will be available to shareholders as of January 29, 2026, with a record date of January 28, 2026, subject to a 7% income tax withholding, and will be distributed in Argentina through Caja de Valores S.A., while ADR holders will receive payment via The Bank of New York Mellon, underscoring the bank’s continued return of capital to investors under the current regulatory framework for dividend distributions.

The most recent analyst rating on (BMA) stock is a Hold with a $102.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro Announces 7th Dividend Payment Set for December 30, 2025

On December 17, 2025, Banco Macro S.A. announced the payment of the seventh installment of its cash dividend, amounting to AR $38.37 billion (AR $60.01 per share), which represents 6,001.47% of the outstanding capital stock. This distribution aligns with resolutions from the company’s 2025 shareholders’ meetings and the Central Bank of Argentina’s regulations, reflecting strong governance and compliance. The payment will commence on December 30, 2025, with a 7% withholding tax applicable, and ADR holders will receive their dividends through The Bank of New York Mellon. This announcement underscores Banco Macro’s steady financial performance and its commitment to returning value to shareholders.

The most recent analyst rating on (BMA) stock is a Hold with a $80.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro Releases Q3 2025 Financial Statements Highlighting Lending Growth

Banco Macro SA has released its condensed interim financial statements for the fiscal period ending September 30, 2025, outlining its financial position, operations, and related developments. The report highlights a decrease in cash and bank deposits compared to December 31, 2024, reflecting potential adjustments in liquidity management. The bank has also showcased growth in loans and other financing as a key aspect of its operational activities, signaling a strong focus on expanding lending operations. These updates provide a comprehensive view of the bank’s performance and underline critical trends impacting its stakeholders and the Argentine banking industry.

The most recent analyst rating on (BMA) stock is a Hold with a $80.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro Faces Class Action Lawsuit Over Improper Tax Application

On November 28, 2025, Banco Macro S.A. was notified of a class action lawsuit filed against it by ‘Usuarios y Consumidores Unidos.’ The lawsuit alleges that Banco Macro has been improperly applying the Tax for an Inclusive and Solidary Argentina (Impuesto PAIS) and withholding amounts for Income Tax and Personal Assets Tax on foreign currency purchases made with credit cards, even when these transactions do not involve a foreign exchange event. The plaintiffs are seeking a court order to stop these practices, demand repayment with interest, and require the bank to clearly inform customers about the tax applications, along with imposing a civil fine.

The most recent analyst rating on (BMA) stock is a Buy with a $117.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro SA Reports Strong Financial Results for November 2025

Banco Macro SA reported its financial results for the period ending November 26, 2025, showcasing a total net income of 176,739,280 pesos and a comprehensive income of 186,894,892 pesos. The bank’s shareholders’ equity stood at 4,759,982,328 pesos, reflecting a robust financial position. These results highlight the bank’s strong performance and solidify its standing in the Argentine banking sector, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (BMA) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro Reports Decline in 3Q25 Net Income Amid Strong Financing Growth

Banco Macro S.A. reported its financial results for the third quarter of 2025, ending September 30. The bank experienced a significant decline in net income, totaling Ps.176.7 billion for the first nine months of 2025, which was 35% lower than the same period in 2024. Despite this, the bank’s total financing increased by 69% year-over-year, and total deposits rose by 11% year-over-year, indicating strong growth in these areas. The bank maintained a robust solvency position with an excess capital of Ps.3.3 trillion and a capital adequacy ratio of 29.9%.

The most recent analyst rating on (BMA) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Banco Macro Announces Sixth Dividend Payment for 2025

On November 12, 2025, Banco Macro S.A. announced the payment of the sixth installment of its cash dividend, amounting to AR $37,446,788,165.99, which is AR $58.5664000649 per share. This decision follows resolutions from the shareholders’ meeting in April 2025 and subsequent authorizations from the Central Bank of Argentina. The dividend will be available to shareholders starting November 27, 2025, with a record date of November 26, 2025. The announcement also mentions a potential supplementary notice if any share buybacks occur before the record date. This dividend distribution reflects Banco Macro’s ongoing commitment to returning value to its shareholders, while navigating regulatory requirements and maintaining its financial strategies.

The most recent analyst rating on (BMA) stock is a Buy with a $111.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.