Macro Bank (NYSE:BMA) Releases Earnings Results, Beats Estimates By $0.70 EPS

Macro Bank (NYSE:BMA) issued its earnings results on Thursday. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.70, Zacks reports. The business had revenue of $406.86 million for the quarter, compared to analyst estimates of $946.46 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%.

Here are the key takeaways from Macro Bank’s conference call:

• Second-quarter net income rose 39% quarter-over-quarter to ARS 206.8 billion, while adjusted ROE reached 14.3%; management raised its full-year 2026 adjusted ROE outlook from approximately 8% to 12%.
• Loan growth expectations were sharply reduced, with total portfolio growth now projected at only 2%–5% in real terms for 2026 versus the prior 15%–20% outlook. Consumer demand remains weak, although commercial lending—particularly to mining, oil and gas, and agribusiness—is performing better.
• Asset quality remains under pressure, with total NPLs rising to roughly 6.25%–6.5% and consumer NPLs increasing to 8.4%. Management expects year-end NPLs of 5.5%–6% and cost of risk of 6.5%–7%, while maintaining total coverage above 90% and Stage 3 coverage near 149%.
• Funding costs declined faster than asset yields, helping keep net interest margins broadly stable and above the bank’s earlier 20% guidance. Deposits still account for 76% of liabilities, while the bank retains strong liquidity and a 28% Tier 1 capital ratio.
• Banco Macro is continuing its efficiency and digital transformation, closing 18 branches during the quarter and targeting approximately 370 branches and fewer than 8,000 employees by year-end. New initiatives—including AI-enabled WhatsApp banking, loyalty programs, insurance, wealth management, and an acquiring platform—are intended to increase primary-customer penetration and future fee income.

Macro Bank Stock Up 1.7%

Shares of Macro Bank stock traded up $1.21 on Friday, hitting $74.08. The company had a trading volume of 121,197 shares, compared to its average volume of 308,689. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 0.48 and a beta of 1.46. The stock has a 50 day moving average of $90.15 and a 200-day moving average of $83.31.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BMA. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wall Street Zen raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $111.25.

Institutional Investors Weigh In On Macro Bank

Several large investors have recently made changes to their positions in BMA. XTX Topco Ltd bought a new position in shares of Macro Bank during the 4th quarter valued at approximately $591,000. PointState Capital LP increased its stake in shares of Macro Bank by 266.9% in the fourth quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock worth $77,311,000 after purchasing an additional 623,755 shares in the last quarter. Amundi bought a new stake in shares of Macro Bank in the fourth quarter valued at approximately $878,000. Laurion Capital Management LP purchased a new stake in shares of Macro Bank during the 4th quarter valued at approximately $270,000. Finally, State of Wisconsin Investment Board purchased a new position in Macro Bank in the 4th quarter valued at approximately $1,167,000.

About Macro Bank

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.