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    Banks - Regional
Banco Macro S.A.

Banco Macro S.A.

BMA.BA
Banco Macro S.A.AR flagBuenos Aires Stock Exchange
14,920.00
ARS
+410.00
- -
9.37TMarket Cap
Banco Macro S.A.
BMA.BA
(Buenos Aires Stock Exchange)

Recent

price

14,920.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
5.85
5.72
7.65
10.18
13.96
19.57
27.39
36.26
128.41
200.02
399.97
640.17
1,764.53
5,129.89
12,637.02
9,305.12
7,493.56
Revenue per Share
1.25
1.68
1.99
2.51
4.13
5.88
8.57
11.04
13.48
-2.31
66.62
120.34
217.13
432.35
2,607.59
669.67
400.81
Basic EPS, GAAP
3.61
1.82
1.37
-0.23
-0.3
-0.44
-0.65
-0.68
-45.19
237.76
31.26
533.78
359.87
5,232.81
-637.53
3,862.9
1,105.27
Free Cash Flow per Basic Share
0.25
0.35
0.85
- -
- -
1.01
- -
1.63
2.69
14.57
27.36
- -
- -
202.51
0.81
960.65
285.08
Dividend per Share
4.91
0.99
5.66
3.62
5.25
7.04
9.79
17.76
6.12
-25.92
-54.99
-151.69
-133.15
-389.95
676.05
-1,072.18
717.45
Book Value per Share
5.26
6.45
7.43
9.94
13.99
18.71
26.32
77.31
103.54
139.48
218.42
345.92
704.89
2,409.73
6,687.27
8,030.27
8,858.74
Tangible Book Value per Share
602
602
592
594
592
592
584
592
677
648
639
639
639
639
639
639
639
Basic Weighted Avg Shares
3,521
3,444
4,530
6,049
8,266
11,590
16,008
21,471
86,976
129,683
255,582
409,066
1,127,532
3,280,117
8,080,277
5,949,817
4,791,424
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
123
123
153
220
191
257
325
407
2,165
3,086
6,178
12,944
43,225
103,406
166,433
181,722
122,448
Depreciation Expense
752
1,010
1,176
1,494
2,444
3,480
5,010
6,541
9,133
-1,500
42,573
76,900
138,745
276,451
1,667,326
428,194
256,279
Net Income, GAAP
46.55
26.58
35.87
36.36
35.3
36.06
33.16
34.71
58.61
108.18
38.45
33.28
4.93
31.06
32.65
9.31
38.99
Effective Tax Rate (%)
21.35
29.34
25.97
24.69
29.56
30.02
31.3
30.46
10.5
-1.16
16.66
18.8
12.31
8.43
20.63
7.2
5.35
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
1,173
1,219
1,303
1,263
1,675
2,197
3,341
14,853
18,128
33,328
41,868
60,985
90,355
239,194
863,391
587,304
1,480,769
LT Debt
3,379
4,180
4,720
6,199
8,627
11,492
15,878
47,289
71,752
93,693
144,393
228,746
466,797
1,595,120
4,439,623
5,328,662
5,858,801
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
30.75
56.93
59.63
54.3
92.89
95.6
101.32
80.56
124.55
- -
- -
- -
- -
- -
- -
- -
60.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
1,286,094
- -
1,464,879
LT Finance Leases
19,440
- -
15,889
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
639
- -
639
Market Capitalization
2,984
5,978
5,275

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
3,481,203
- -
4,849,392
Accounts Receivable, Net
291,818
- -
400,746
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1,740,825
- -
2,264,486
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
97.5%
120.51%
20.03%
Free Cash Flow
901.63%
422.42%
-705.91%
Net Income, GAAP
-225.12%
137.82%
-74.32%
Sales/Revenue/Turnover
107.01%
109.31%
-26.37%
Total Cash Common Dividend
- -
- -
119,232.81%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,416,892
596,486
1,072,073
1,086,773
5,949,817
2025
1,404,539
1,017,651
870,501
1,498,733
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
677.54
-495.1
187.25
- -
669.67
2025
219.33
233.24
-51.76
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
558.97
331.44
- -
960.65
2025
113.53
- -
171.56
- -
- -
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Business
Banco Macro S.A. is a leading private national bank in Argentina, founded in 1966 and headquartered in Buenos Aires. It provides a broad range of banking products and financial services primarily to retail customers, low and middle-income individuals, small and medium-sized enterprises, and corporate clients across Argentina. Its core offerings include savings and checking accounts; time deposits; personal, consumer, and mortgage loans; credit cards including Visa and American Express; fund management; insurance products; direct and mobile banking transactions; corporate lending including short, medium, and long-term loans; cash management; collection services; payroll services; foreign exchange transactions; and foreign trade services. Banco Macro also operates as trustee agent and manager of mutual funds and offers stock exchange services through subsidiaries. In recent major developments, Banco Macro received authorization from Argentina’s central bank to merge with Banco BMA S.A.U., consolidating operations to enhance market position and operational efficiency. Furthermore, Banco Macro entered into a stock purchase agreement in 2023 to acquire Banco Itaú Argentina and its subsidiaries, marking a significant strategic expansion in its banking operations. In 2025, Banco Macro announced a substantial share repurchase program totaling 225 billion Argentine pesos, reflecting a commitment to shareholder value in the current macroeconomic context. The bank continues to innovate in financial services, maintaining leadership in personal loans and retail banking while expanding its corporate services footprint nationwide. Banco Macro operates predominantly in Argentina with a focus on serving domestic markets through its extensive branch and digital network. It employs approximately 8,800 employees and strategically aims to strengthen its multi-service banking model for both individuals and businesses. The company remains publicly traded under the ticker BMA on the NYSE and BCBA stock exchanges.