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Banco Macro (BMA)
:BMA
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.31Last Year’s EPS
8.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 1.19%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
Banco Macro demonstrated strong financial performance in Q3 2024 with significant growth in net income, interest income, and loans. However, these positives are tempered by increased operational expenses, losses from securities, and declining income from FX and securities, suggesting a mixed performance but overall positive outlook.Company Guidance
During Banco Macro's third quarter 2024 earnings call, the bank provided guidance on key financial metrics. The bank anticipates finishing 2024 with a positive real loan growth rate between 25% and 35%, and a 40% positive real growth rate in 2025, driven by increased loan demand amid declining inflation and FX stability. The expected return on equity (ROE) is projected to be around 10% for 2024 and in the low to mid-teens for 2025. The bank maintains a strong capital position, with an excess capital of Ps.2.53 trillion, which supports the planned loan growth without requiring additional capital. Asset quality remains under control, with a nonperforming loan ratio expected to stay below 2% by the end of 2025. The net interest income is projected to grow by 30% to 35% in real terms next year, benefiting from the shift towards loan growth and stable U.S. dollar margins. Additionally, Banco Macro's market share in private sector loans and deposits as of September 2024 were 9.2% and 7.4%, respectively.Net Income Surge
Banco Macro's net income for Q3 2024 totaled Ps.91.3 billion, marking a 293% increase compared to Q3 2023.
Net Interest Income Growth
Net interest income increased by 167% quarter-on-quarter and 63% year-on-year, driven by higher net interest income and lower losses related to net monetary position.
Loan Growth Achievement
Total financing reached Ps.4.55 trillion, increasing 17% quarter-on-quarter and 28% year-on-year, with notable growth in commercial and consumer loans.
Strong Asset Quality
Nonperforming loan ratio improved to 1.15%, with a coverage ratio of 177.6%, indicating controlled asset quality.
High Capital Adequacy
Banco Macro maintained a capital adequacy ratio of 32.8% with excess capital of Ps.2.53 trillion.
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BMA 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
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BMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $92.65 | $90.81 | -1.99% |
| Nov 27, 2024 | $82.04 | $84.90 | +3.49% |
| Aug 22, 2024 | $52.51 | $53.55 | +1.98% |
| May 22, 2024 | $55.40 | $52.01 | -6.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco Macro (BMA) report earnings?
Banco Macro (BMA) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Banco Macro (BMA) earnings time?
Banco Macro (BMA) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMA EPS forecast?
BMA EPS forecast for the fiscal quarter 2025 (Q1) is 2.31.
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