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Banco Macro SA (BMA)
NYSE:BMA
Earnings Data
Report Date
May 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.1Last Year’s EPS
0.6Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixed but fundamentally constructive picture: Banco Macro showed solid recurring profitability drivers (strong NII, deposit and loan growth YoY, market share gains), very robust capital and liquidity metrics, improved efficiency and proactive restructuring to lower future costs, and a successful FX positioning. Offsetting these positives were significant one-off restructuring charges that depressed reported earnings and ROE, higher provisions and a deterioration in consumer NPLs, Q4 net monetary losses amid inflation volatility, elevated operating costs in the quarter and a much higher effective tax rate. Management provided updated 2026 guidance (loans +20% real, deposits +6% real, adjusted ROE ~8%) and a path to recovery; many negatives are being managed via restructuring and provisioning. Overall, the highlights modestly outweigh the lowlights given the bank's strong capital/liquidity position and recurring income strength, but risks remain tied to consumer credit quality, inflation/macro volatility and transitional restructuring costs.Company Guidance
Successful FX Positioning
Short U.S. dollar positioning in H2 2025 and related allocations generated a Q4 net gain of ARS 26.3 billion, contributing positively to results.
Commercial Asset Quality and Coverage
Commercial portfolio NPLs improved to 0.68% (down 17 bps QoQ). Overall coverage (total allowances / non-performing loans under central bank rules) stood at 119.86%, indicating strong provisioning relative to non-performing loans.
Clear 2026 Guidance
Management updated guidance: real loan growth ~20% for calendar 2026, real deposit growth ~6%, adjusted ROE ~8%, ROA ~1.8–2.0%, and targeted cost of risk ~5.2% — providing forward-looking clarity after election-related uncertainty.
Adjusted Profitability Recovery (Excluding Nonrecurring Items)
Reported Q4 2025 net income was ARS 100 billion; FY2025 net income was ARS 290.7 billion. Excluding ARS 82.9 billion of Q4 restructuring expenses (and other nonrecurring items), Q4 net income would have been ARS 183 billion and FY2025 ARS 393.7 billion, showing a materially stronger recurring earnings base.
Strong Net Interest Income
Q4 2025 net interest income (NII) of ARS 836.5 billion, up 13% quarter-over-quarter and 19% year-over-year. FY2025 NII totaled ARS 3.1 trillion, up 44% year-over-year — driven by higher interest income and improved lending rates.
Loan and Deposit Growth with Market Share Gains
Total financing (loans) reached ARS 10.71 trillion: -2% QoQ but +40% YoY. Total deposits reached ARS 13.7 trillion: +8% QoQ and +24% YoY. Private sector deposits rose 11% QoQ; private-sector market share in loans ~8.3% (up ~30 bps) and in deposits ~7.9% (up ~90 bps) versus Dec-2024.
Very Strong Capital and Liquidity Position
Excess capital of ARS 3.6 trillion with a capital adequacy ratio and Tier 1 ratio of 30.6%. Liquid assets to total deposits ratio at 73%, indicating ample liquidity to support growth or absorb shocks.
Efficiency Improvements and Structural Cost Actions
Efficiency ratio improved to 38.7% in Q4 from 46.5% in Q3 and 39.4% year-ago. Bank reduced branch network by 75 branches to 444 and headcount by 514 employees while gaining market share — restructuring intended to lower recurring cost base going forward.
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
BMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $89.81 | $88.86 | -1.05% |
Nov 26, 2025 | $80.74 | $80.74 | 0.00% |
Aug 27, 2025 | $55.34 | $57.33 | +3.59% |
May 28, 2025 | $85.55 | $80.71 | -5.66% |
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.
FAQ
When does Banco Macro SA (BMA) report earnings?
Banco Macro SA (BMA) is schdueled to report earning on May 27, 2026, After Close (Confirmed).
What is Banco Macro SA (BMA) earnings time?
Banco Macro SA (BMA) earnings time is at May 27, 2026, After Close (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 2026 (Q1) is 1.1.