Valuation Update With 7 Day Price Move • 3h
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.14, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 44% over the past year. Declared Dividend • Jun 04
Dividend of AR$76.69 announced Shareholders will receive a dividend of AR$76.69. Ex-date: 6th July 2026 Payment date: 7th July 2026 Dividend yield will be 848%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (137% earnings payout ratio) nor is it expected to be covered in 3 years' time (112% forecast payout ratio). The dividend has increased by an average of 84% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. EPS is expected to grow by 198% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$8.83, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 1.5% over the past year. Upcoming Dividend • May 26
Upcoming dividend of AR$76.69 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 03 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Lower than top quartile of Argentinean dividend payers (7.8%). Lower than average of industry peers (6.1%). Tillkännagivande • May 12
Banco Macro S.A. to Report Q1, 2026 Results on May 27, 2026 Banco Macro S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026 New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 137% Payout ratio in 3 years: 108% Minor Risk Large one-off items impacting financial results. New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (137% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024) Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 23
Banco Macro S.A., Annual General Meeting, Apr 08, 2026 Banco Macro S.A., Annual General Meeting, Apr 08, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$7.67, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 4.8% over the past year. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024) Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Banks industry in Argentina. Tillkännagivande • Feb 10
Banco Macro S.A. to Report Q4, 2025 Results on Feb 25, 2026 Banco Macro S.A. announced that they will report Q4, 2025 results at 5:00 PM, Argentina Standard Time on Feb 25, 2026 Upcoming Dividend • Jan 21
Upcoming dividend of AR$61.72 per share Eligible shareholders must have bought the stock before 28 January 2026. Payment date: 29 January 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Lower than top quartile of Argentinean dividend payers (8.6%). Lower than average of industry peers (6.3%). Reported Earnings • Dec 01
Third quarter 2025 earnings released: AR$51.80 loss per share (vs AR$142 profit in 3Q 2024) Third quarter 2025 results: AR$51.80 loss per share (down from AR$142 profit in 3Q 2024). Revenue: AR$779.6b (down 5.9% from 3Q 2024). Net loss: AR$33.1b (down 136% from profit in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Banks industry in Argentina. Tillkännagivande • Nov 21
Banco Macro S.A. to Report Q3, 2025 Results on Nov 26, 2025 Banco Macro S.A. announced that they will report Q3, 2025 results After-Market on Nov 26, 2025 Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$7.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 9.1% over the past year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$5.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 35% over the past year. Tillkännagivande • Oct 09
Banco Macro S.A. (BASE:BMA) announces an Equity Buyback for 30,000,000 shares, representing 10% for ARS 225,000 million. Banco Macro S.A. (BASE:BMA) announces a share repurchase program. Under the program, the company will repurchase 30,000,000 shares, representing 10% of its issued share capital, for a total of ARS 225,000 million. The shares will be purchased at a maximum price of ARS 7,500 per share. The plan will be valid till 60 calendar days, from the date following the publication date of the relevant information in the Bulletin of the Buenos Aires Stock Exchange, subject to any further renewal or extension, which shall be duly informed to the public in such Bulletin. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$4.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 27% over the past year. Upcoming Dividend • Sep 19
Upcoming dividend of AR$56.06 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Argentinean dividend payers (10%). Lower than average of industry peers (13%). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to US$4.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$2.28 per share. New Risk • Sep 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: AR$233 (vs AR$348 loss in 2Q 2024) Second quarter 2025 results: EPS: AR$233 (up from AR$348 loss in 2Q 2024). Revenue: AR$956.2b (up 28% from 2Q 2024). Net income: AR$149.1b (up AR$371.6b from 2Q 2024). Profit margin: 16% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Banks industry in Argentina. Tillkännagivande • Aug 12
Banco Macro S.A. to Report Q2, 2025 Results on Aug 27, 2025 Banco Macro S.A. announced that they will report Q2, 2025 results After-Market on Aug 27, 2025 Declared Dividend • Jul 21
Dividend of AR$54.00 announced Shareholders will receive a dividend of AR$54.00. Ex-date: 29th July 2025 Payment date: 30th July 2025 Dividend yield will be 831%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time. Tillkännagivande • Jul 18
Banco Macro S.A. announces Annual dividend, payable on July 30, 2025 Banco Macro S.A. announced Annual dividend of ARS 54.0012 per share payable on July 30, 2025, ex-date on July 29, 2025 and record date on July 29, 2025. Declared Dividend • Jun 23
Dividend of AR$53.14 announced Shareholders will receive a dividend of AR$53.14. Ex-date: 27th June 2025 Payment date: 30th June 2025 Dividend yield will be 725%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: AR$70.19 (vs AR$511 in 1Q 2024) First quarter 2025 results: EPS: AR$70.19 (down from AR$511 in 1Q 2024). Revenue: AR$801.0b (down 58% from 1Q 2024). Net income: AR$44.9b (down 86% from 1Q 2024). Profit margin: 5.6% (down from 17% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 21
Banco Macro S.A. to Report Q1, 2025 Results on May 28, 2025 Banco Macro S.A. announced that they will report Q1, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$6.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 40% over the past year. Tillkännagivande • Apr 01
Banco Macro S.A. Announces the Appointment of Juan Parma as CEO Banco Macro S.A. announced that the Board of Directors appointed Mr. Juan Parma as its new CEO. This decision is a strategic step forward in the consolidation of Banco Macro's growth plan and reflects the Bank's commitment towards economic development in the country. During his vast experience, Mr. Parma has been a great disruptor, leading initiatives that have translated into greater operating efficiency and have transformed customer experience in the institutions he previously worked for. Mr. Parma's strategic focus has allowed banks in the past to seize market opportunities, thus making him the right fit for Banco Macro S.A. Mr. Parma holds a degree in Business Administration from Universidad Nacional de la Plata a Masters degree in Business Administration from Universidad del CEMA and has participated in multiple international leadership courses in Singapore, France and the United States of America. Tillkännagivande • Mar 01
Banco Macro S.A. Proposes Dividend Banco Macro S.A. Board of Directors, at its meeting held on February 26 2025, resolved to submit for discussion by the Shareholders’ Meeting the following motions: The partial release of the Optional Reserve Fund for Future Distribution of Profits, in order to apply up to the amount of ARS 300,000,000,000 to the payment of a cash or a dividend in kind, in this case valued at market price, or in any combination of both alternatives, subject to prior authorization by Banco Central de la República Argentina. Please be advised that the dividend shall be subject to a 7% withholding established under section 97 of the Argentine Income Tax Law, as revised in 2019. Delegation to the Board of Directors of the powers to release the Reserve and establish the date, currency and other applicable payment terms and conditions in accordance with the delegation provided for by the Shareholders’ Meeting. Amount expressed in constant currency as of December 3t 2024. The proposed dividend amounts to ARS 469.1800269540 per share, which represents 46,918 % of the capital stock of the Bank of ARS 639,413,408. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: AR$507 (vs AR$919 in FY 2023) Full year 2024 results: EPS: AR$507 (down from AR$919 in FY 2023). Revenue: AR$4.59t (up 62% from FY 2023). Net income: AR$324.1b (down 45% from FY 2023). Profit margin: 7.1% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Banks industry in South America are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 28
Banco Macro S.A., Annual General Meeting, Apr 04, 2025 Banco Macro S.A., Annual General Meeting, Apr 04, 2025. Location: 1172 eduardo madero avenue, buenos aires Argentina Tillkännagivande • Feb 21
Banco Macro S.A. to Report Q4, 2024 Results on Feb 26, 2025 Banco Macro S.A. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$11.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$6.56 per share. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$10.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.98 per share. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: AR$142 (vs AR$11.71 in 3Q 2023) Third quarter 2024 results: EPS: AR$142 (up from AR$11.71 in 3Q 2023). Revenue: AR$829.2b (up 133% from 3Q 2023). Net income: AR$90.9b (up AR$83.4b from 3Q 2023). Profit margin: 11% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America. Tillkännagivande • Nov 20
Banco Macro S.A. to Report Q3, 2024 Results on Nov 27, 2024 Banco Macro S.A. announced that they will report Q3, 2024 results After-Market on Nov 27, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$8.22, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.51 per share. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$6.06, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 136% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$5.19 per share. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: AR$256 (vs AR$69.02 in 2Q 2023) Second quarter 2024 results: EPS: AR$256 (up from AR$69.02 in 2Q 2023). Revenue: AR$981.3b (up 272% from 2Q 2023). Net income: AR$164.0b (up 272% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$5.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$5.64 per share. Tillkännagivande • Aug 09
Banco Macro S.A. to Report Q2, 2024 Results on Aug 22, 2024 Banco Macro S.A. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$4.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.37 per share. Reported Earnings • May 24
First quarter 2024 earnings released: EPS: AR$431 (vs AR$18.90 in 1Q 2023) First quarter 2024 results: EPS: AR$431 (up from AR$18.90 in 1Q 2023). Revenue: AR$1.62t (up AR$1.41t from 1Q 2023). Net income: AR$275.4b (up AR$263.3b from 1Q 2023). Profit margin: 17% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in South America. Tillkännagivande • May 11
Banco Macro S.A. to Report Q1, 2024 Results on May 22, 2024 Banco Macro S.A. announced that they will report Q1, 2024 results at 5:00 PM, Argentina Standard Time on May 22, 2024 Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 11
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 09
Banco Macro S.A., Annual General Meeting, Apr 12, 2024 Banco Macro S.A., Annual General Meeting, Apr 12, 2024, at 11:00 Argentina Standard Time. Location: Avenida Eduardo Madero 1172 Autonomous City of Buenos Aires Buenos Aires Argentina Agenda: To consider appointment of three shareholders to sign the Minutes of the Shareholders' Meeting; to Evaluate the documentation provided for in section 234, subsection 1 of Law No. 19550, for the fiscal year ended December 31 2023; to Evaluate the management of the Board and the Supervisory Committee; to consider application of the retained earnings as of December 31 2023. Total Retained Earnings expressed in constant currency as of December 31 2023; to determine the auditing committee's budget; to appoint the independent auditor for the fiscal year ending December 31 2024; and to consider any other matters. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: AR$919 (vs AR$63.76 in FY 2022) Full year 2023 results: EPS: AR$919 (up from AR$63.76 in FY 2022). Revenue: AR$2.85t (up 475% from FY 2022). Net income: AR$587.3b (up AR$546.5b from FY 2022). Profit margin: 21% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Banks industry in South America. Tillkännagivande • Mar 01
Banco Macro S.A. Has Been Given Notice of a Class Action Filed Against It BANCO MACRO S.A. has been given notice of a class action filed against it and entitled “Protegiendo al Consumidor P.A.C. vs. Banco Macro S.A. on restitution of amounts” (Court File. No. MP-33738/2023). Plaintiff argues that the Bank would be withholding and charging customers and consumers of its branches in the Province of Buenos Aires amounts as “Impuesto País”[1] on purchases of digital services abroad, allegedly in excess of the tax rate established under Sect. 17 of the Decree 99/2019. Therefore, plaintiff pursues the restitution of the amounts charged in excess as “Impuesto País” plus interest, and demands the Bank to stop applying a 30% tax rate to all customers of the branches in the Province of Buenos Aires since the correct rate to apply should be 8%. The claim is pending before Court No. 9 in Civil and Commercial Matters of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 107% Payout ratio in 3 years: 92% Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Board Change • Feb 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 09
Banco Macro S.A. to Report Q4, 2023 Results on Feb 28, 2024 Banco Macro S.A. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Tillkännagivande • Dec 08
Banco Macro S.A. Announces Resignation of Directors Banco Macro S.A. advised that Messrs. Guillermo Merediz and Mariano Ignacio Elizondo have informed their resignations as Regular Director, further expressing that their decisions to leave the Board is strictly based on personal reasons. Tillkännagivande • Nov 30
Banco Macro S.A. Announces Update on Class Action BANCO MACRO S.A. has been given notice of a class action filed against it and entitled Asociación de Defensa de Derechos de Usuarios y Consumidores (ADDUC) vs. Banco Macro S.A. on proceedings pending classification (Court File. No. MP-16648/2023). Plaintiff challenges the fee charged for stop payment on checks drawn by consumers and requests Banco Macro S.A. to stop collecting such fee and to reimburse each affected customer all the amounts received by Banco Macro S.A. as stop payment fee plus interest and punitive damages. The complaint is pending before the Court in Civil and Commercial Matters No. 9 of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets. Tillkännagivande • Nov 15
Banco Macro S.A. to Report Q3, 2023 Results on Nov 22, 2023 Banco Macro S.A. announced that they will report Q3, 2023 results After-Market on Nov 22, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022) Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022) Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Tillkännagivande • Aug 25
Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million. Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million on August 23, 2023. The price of the Agreement was set at $50 million, which will be paid on the closing date of the transaction, and an additional amount resulting from a potential adjustment that will be eventually set based on the results obtained by Banco Itaú Argentina S.A., Itaú Asset Management S.A. and Itaú Valores S.A. between April 1, 2023, and the Closing Date. The transaction is subject to the satisfaction of certain conditions (substantially the approval of the transaction by the Central Bank of Argentina). Tillkännagivande • Aug 12
Banco Macro S.A. to Report Q2, 2023 Results on Aug 23, 2023 Banco Macro S.A. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023 Tillkännagivande • Jun 08
Itau to Sell Argentine Business to Local Private Bank Brazil-based banking firm Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) has announced plans to sell its Argentine business to a local private bank. The firm is said to have launched discussions with Banco Macro S. A (BASE:BMA) to sell its banking operations in Argentina. The talks are at the preliminary stage. Banco Macro is one of the main private banks in Argentina. Tillkännagivande • May 04
Banco Macro S.A. to Report Q1, 2023 Results on May 17, 2023 Banco Macro S.A. announced that they will report Q1, 2023 results on May 17, 2023 Tillkännagivande • Feb 15
Banco Macro S.A. to Report Q4, 2022 Results on Feb 23, 2023 Banco Macro S.A. announced that they will report Q4, 2022 results at 5:00 PM, Argentina Standard Time on Feb 23, 2023 Tillkännagivande • Aug 13
Banco Macro S.A. to Report Q2, 2022 Results on Aug 24, 2022 Banco Macro S.A. announced that they will report Q2, 2022 results After-Market on Aug 24, 2022 Tillkännagivande • May 24
Banco Macro S.A. Announces Payment of Cash Dividend Board of Directors at its meeting held on May 23rd 2022, as from June 7th 2022, Banco Macro S.A. shall made available and pay to the shareholders entered in the Bank's stock ledger as of June 6th 2022, a cash dividend in the amount of ARS 9,875,722,171.88 (i.e., ARS 15.44 per share and representing 1,544.5% of the capital stock of ARS 639,413,408), such payment corresponds to installments # 1 to 6. Tillkännagivande • May 19
Banco Macro S.A. to Report Q1, 2022 Results on May 23, 2022 Banco Macro S.A. announced that they will report Q1, 2022 results After-Market on May 23, 2022 Tillkännagivande • Feb 19
Banco Macro S.A. to Report Q4, 2021 Results on Feb 23, 2022 Banco Macro S.A. announced that they will report Q4, 2021 results After-Market on Feb 23, 2022