Macro Bank (NYSE:BMA) Announces Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Macro Bank (NYSE:BMA) posted its earnings results on Thursday. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.31, Zacks reports. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The firm had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.76 million.

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

• Banco Macro reported ARS 139.8 billion in net income for Q1 2026, up 28% sequentially and 131% year over year, with an adjusted ROE of about 10.9% excluding restructuring charges.
• Net interest income improved to ARS 975.2 billion as funding costs fell sharply, helped by a 470 bps drop in the average rate paid on deposits and a strong net interest margin of 25.3% including FX.
• The bank kept its 2026 guidance unchanged, reiterating 42% nominal loan growth and 34% nominal deposit growth, while saying it is still targeting an adjusted ROE in the 80% area and will reassess after another quarter.
• Asset quality weakened in the quarter, with the non-performing ratio rising to 5.4% and Stage 3 plus 90+ day delinquency increasing to 3.64%, though management said trends improved in March and April and believes the deterioration may be nearing a peak.
• The bank continued to emphasize its strong balance sheet, reporting excess capital of about ARS 4 trillion, a 32.4% capital adequacy ratio, and liquidity equal to 78% of deposits, while also reducing branches and headcount to improve efficiency.

Macro Bank Price Performance

BMA stock opened at $87.65 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $5.60 billion, a P/E ratio of 20.72, a P/E/G ratio of 0.67 and a beta of 1.36. The business’s 50-day moving average is $75.57 and its two-hundred day moving average is $82.92. Macro Bank has a 1 year low of $38.30 and a 1 year high of $106.15.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 7.5%. This is an increase from Macro Bank’s previous monthly dividend of $0.41. Macro Bank’s dividend payout ratio is 177.51%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BMA shares. Zacks Research raised Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 5th. The Goldman Sachs Group dropped their price objective on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Macro Bank has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Institutional Trading of Macro Bank

A number of institutional investors have recently bought and sold shares of BMA. Itau Unibanco Holding S.A. acquired a new stake in shares of Macro Bank during the 4th quarter worth about $541,000. Van ECK Associates Corp boosted its holdings in Macro Bank by 103.2% in the fourth quarter. Van ECK Associates Corp now owns 3,438 shares of the bank’s stock valued at $310,000 after purchasing an additional 1,746 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in Macro Bank in the fourth quarter valued at approximately $305,000. Voleon Capital Management LP purchased a new position in Macro Bank in the third quarter valued at approximately $345,000. Finally, Verition Fund Management LLC purchased a new position in Macro Bank in the third quarter valued at approximately $506,000.

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.