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One of Argentina's largest private banks, providing retail and commercial banking with strong reach in provincial markets.
One of Argentina's largest private banks, providing retail and commercial banking with strong reach in provincial markets.
Earns mainly from the gap between interest on loans and what it pays depositors, plus fees on accounts and cards. It acts as payroll bank for several provincial governments, which gives it a steady deposit base outside Buenos Aires. Results swing with Argentine inflation, interest rates and the peso.
In one line: Argentina's Wells Fargo, provincial-focused.
Moat: narrow (scale, distribution, brand). Large provincial branch network and long-standing relationships versus smaller regional Argentine banks.
Headquarters: Buenos Aires, Argentina · Founded: 1976 · Employees: 8,490
Size Banco Macro SA Sponsored ADR (BMA) is a United States Financials company (Major Banks) with a market value of $4.53B, the 1258th largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.76 on 6 Nov 2026.
Performance Over six months the shares fell 21.4%, against +6.8% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +12.4%); the operating margin is 37.9% (peer median 34.4%).
Valuation It trades at 0.87× book value against a peer median of 1.04× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 11.3%; Banco Macro SA Sponsored ADR delivers 7.5%, so the price asks more than the business earns today.
Credit Banco Macro SA Sponsored ADR has 2 bonds outstanding ($930M), rated B3 by the agencies and trading like B- at a weighted spread of 365 bp.
Short interest Short interest is 0.8% of the free float (15 Oct 2026).
Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.04B | $4.91B | $6.92B | $14.7B | $5.94B |
| Revenue growth | — | -29% | -53% | +147% | — |
| Net income | $300M | $232M | $354M | $1.99B | $329M |
| Free cash flow | $1.63B | $1.56B | $1.04B | $7.47B | $3.48B |
| Capital expenditure | $120M | $138M | $136M | $194M | $186M |
| Total debt | $1.16B | $1.06B | $505M | $569M | $457M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Banco Macro SA Sponsored ADR BMA | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% |
| Grupo Financiero Galicia SA Sponsored ADR GGAL | $5.36B | -30% | +3% | 2% | 0.76× | 9.6% |
| Banco BBVA Argentina SA Sponsored ADR BBAR | $2.45B | -29% | +6% | 8% | 0.77× | 8.1% |
| Grupo Supervielle SA Sponsored ADR SUPV | $567M | -29% | -5% | -7% | 0.62× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BMA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -1.5% | 6th lowest of 21 |
| 6-month return | -21.4% | +6.8% | 3rd lowest of 21 |
| Return on equity | 7.5% | 10.0% | 5th lowest of 21 |
| Price / book | 0.87× | 1.04× | 6th cheapest of 21 |
| Trailing P/E | 12.3× | 13.0× | 10th cheapest of 20 |
| ROE the price implies | 11.3% | 8.6% | 7th most demanding of 19 |
| ROE delivered | 7.5% | 10.1% | 4th lowest of 19 |
| Bond spread | 365 bp | 118 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Banco Macro SA Sponsored ADR BMA | United States | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% | 7.5% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| Liechtensteinische Landesbank LLBN.SW | Switzerland | $4.40B | +24% | -2% | 8% | 1.48× | n/a | 7.7% |
| Texas Capital Bancshares TCBI | United States | $4.39B | +1% | +3% | 10% | 1.34× | 9.8% | 10.2% |
| First Financial Bankshares FFIN | United States | $4.36B | -6% | +8% | 16% | 2.38× | 17.0% | 15.9% |
| Flagstar Bank, National Association FLG | United States | $4.21B | -26% | -18% | 1% | 0.59× | 7.4% | 1.2% |
| Bank of Chongqing 1963.HK | Hong Kong | $5.11B | +1% | +10% | 10% | 0.41× | 4.2% | 9.9% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| Kyushu Financial 7180.T | Japan | $3.79B | +7% | +15% | 5% | 0.73× | 6.6% | 4.9% |
| Sparebanken Norge SBNOR.OL | Norway | $3.78B | +8% | +62% | 7% | 0.71× | 6.1% | n/a |
| Daishi Hokuetsu Financial 7327.T | Japan | $3.73B | +9% | +18% | 9% | 0.94× | 6.3% | 8.6% |
| JB Financial 175330.KS | South Korea | $3.67B | 0% | +9% | 13% | 0.94× | 5.3% | n/a |
| TBC Bank TBCG.L | United Kingdom | $3.64B | +11% | +16% | 24% | 1.40× | 15.7% | 23.8% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Nicolet Bankshares NIC | United States | $3.60B | +18% | +46% | 10% | 1.62× | 11.5% | 10.2% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| Dave DAVE | United States | $3.55B | +9% | +49% | 105% | 17.09× | 291.2% | 104.8% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
Banco Macro SA Sponsored ADR has 2 bonds outstanding with $930M face value. The agencies rate it B3; its bonds trade like B-. Weighted yield 8.23%, a spread of 365 bp over government bonds.