BMA on NYSE

Macro Bank

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons⁶

Argentine bank

Banco Macro is the second largest domestically-owned private bank in Argentina, and the sixth-largest by deposits and lending. It began operating in 1988 as a bank and has a wide network of branches and ATMs throughout the country, which allows it to provide banking services to a broad customer base.³ From Wikipedia, CC BY-SA 4.0

$64.48 up 0.69 (1.08%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 19, 2026.

Overview

326.5BNet income, fiscal 2024⁷

1978Founded¹

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TickerBMA on NYSE¹
Industryeconomics of banking, financial sector, financial services¹
HeadquartersBuenos Aires¹
Websitewww.macro.com.ar/home-page
Legal formsociedad anónima¹
Incorporated inArgentina⁸
Business addressAv. Eduardo Madero 1182, Buenos Aires, C1106Acy⁸
Filer categoryLarge accelerated filer⁸
LEI579100KKDKKIFEBKK040⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressMADERO EDUARDO AV. 1182, C1106ABG Buenos Aires, Argentina⁴
Registered withFederal Administration of Public Revenues (AFIP), 30-50001008-4⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

8.1%Return on equity⁷

$1.9TFree cash flow⁷

Financial statements

Operating income¹⁰¹¹¹²¹³¹⁴⁷$2.7T in 2024+7376% since 2017

Net income¹⁰¹¹¹²¹³¹⁴⁷$326.5B in 2024+3475% since 2017

Every line of the income statement as filed: the last 3 fiscal years, latest first.¹⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Interest income	5.0T ARS	4.6T ARS	7.0T ARS
Interest expense	-1.9T ARS	-2.5T ARS	-4.6T ARS
Net interest income	3.1T ARS	2.1T ARS	2.4T ARS
Commissions income	878.3B ARS	743.4B ARS	703.9B ARS
Commissions expense	-110.9B ARS	-104.2B ARS	-71.5B ARS
Net commissions income	767.4B ARS	639.2B ARS	632.4B ARS
Subtotal (Net interest income plus Net commissions income)	3.8T ARS	2.8T ARS	3.0T ARS
Net gain from measurement of financial instruments at fair value through profit or loss	457.5B ARS	2.9T ARS	2.8T ARS
Profit from sold or derecognized assets at amortized cost	386.4M ARS	1.3B ARS	980.7M ARS
Differences in quoted prices of gold and foreign currency	25.1B ARS	214.7B ARS	2.3T ARS
Other operating income	282.1B ARS	281.5B ARS	208.8B ARS
Credit loss expense on financial assets	-538.4B ARS	-142.2B ARS	-131.7B ARS
Net operating income before expenses, depreciation and amortization	4.1T ARS	6.0T ARS	8.2T ARS
Employee benefits	-954.3B ARS	-925.4B ARS	-797.8B ARS
Administrative expenses	-446.7B ARS	-481.9B ARS	-470.5B ARS
Depreciation and amortization of fixed assets	-178.8B ARS	-181.7B ARS	-166.4B ARS
Other operating expenses	-924.7B ARS	-881.0B ARS	-920.3B ARS
Operating income after expenses, depreciation and amortization	1.6T ARS	3.6T ARS	5.8T ARS
(Loss) / income from associates and joint ventures	-257.0M ARS	2.1B ARS	430.0B ARS
Loss on net monetary position	-1.1T ARS	-3.1T ARS	-3.7T ARS
Income before tax on continuing operations	511.1B ARS	473.6B ARS	2.5T ARS
Income tax on continuing operations	-220.4B ARS	-44.1B ARS	-808.8B ARS
Net income from continuing operations	290.7B ARS	429.5B ARS	1.7T ARS
Net income for the fiscal year	290.7B ARS	429.5B ARS	1.7T ARS
Net income for the fiscal year attributable to controlling interests	289.5B ARS	428.2B ARS	1.7T ARS
Net income for the fiscal year attributable to non-controlling interests	1.2B ARS	1.3B ARS	1.0B ARS
Basic earnings per share	452.75 ARS	669.67 ARS	2,607.59 ARS

Total assets¹⁶¹⁰¹¹¹²¹³¹⁴⁷$14.5T in 2024+4187% since 2017

Total liabilities¹⁶¹⁰¹¹¹²¹³¹⁴⁷$10.4T in 2024+3821% since 2017

Shareholders’ equity¹¹¹²¹³¹⁴⁷$4.1T in 2024+2607% since 2017

Cash¹¹¹²¹³¹⁴⁷$2.9T in 2024+1563% since 2017

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.¹⁵

Period ending	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and deposits in banks		4.3T ARS	3.5T ARS	3.4T ARS
Cash		543.5B ARS	547.3B ARS
Central Bank of Argentina		3.0T ARS	2.5T ARS
Other local and foreign entities		755.7B ARS	455.0B ARS
Other		98.6M ARS	72.1B ARS
Debt securities at fair value through profit or loss		991.1B ARS	1.1T ARS
Derivative financial instruments		7.9B ARS	25.4B ARS
Repo transactions		181.2B ARS
Other financial assets		716.5B ARS	721.1B ARS
Loans and other financing		10.7T ARS	7.6T ARS
Non-financial public sector		228.4B ARS	92.0B ARS
Other financial entities		117.6B ARS	83.0B ARS
Non-financial private sector and foreign residents		10.4T ARS	7.5T ARS
Other debt securities		4.4T ARS	4.1T ARS
Financial assets delivered as guarantee		347.2B ARS	325.1B ARS
Current income tax assets		1.9B ARS	110.9B ARS
Equity instruments at fair value through profit or loss		30.2B ARS	11.5B ARS
Investments in associates and joint ventures		6.2B ARS	6.1B ARS
Property, plant and equipment		1.0T ARS	1.0T ARS
Intangible assets		182.9B ARS	194.0B ARS
Deferred income tax assets		23.1B ARS	3.0B ARS
Other non-financial assets		147.4B ARS	138.5B ARS
Non-current assets held for sale		94.1B ARS	99.8B ARS
TOTAL ASSETS		23.2T ARS	19.1T ARS
Deposits		13.7T ARS	11.1T ARS
Non-financial public sector		638.9B ARS	846.8B ARS
Financial Sector		18.6B ARS	15.8B ARS
Non-financial private sector and foreign residents		13.0T ARS	10.2T ARS
Liabilities at fair value through profit or loss		14.7B ARS	9.4B ARS
Derivative financial instruments		498.7M ARS	1.7B ARS
Repo transactions			24.9B ARS
Other financial liabilities		1.8T ARS	1.4T ARS
Financing received from the BCRA and other financial institutions		153.2B ARS	57.2B ARS
Issued corporate bonds		757.6B ARS	19.5B ARS
Current income tax liabilities		304.7B ARS	25.0B ARS
Subordinated corporate bonds		588.0B ARS	549.4B ARS
Provisions		71.8B ARS	22.5B ARS	25.2B ARS
Deferred income tax liabilities		1.2B ARS	105.4B ARS
Other non-financial liabilities		633.9B ARS	483.4B ARS
TOTAL LIABILITIES		18.0T ARS	13.7T ARS
Capital stock		639.4M ARS	639.4M ARS
Non-capitalized contributions		12.4B ARS	12.4B ARS
Capital adjustments		1.6T ARS	1.6T ARS
Earnings reserved		4.4T ARS	4.4T ARS
Unappropriated retained earnings	290.4B ARS	-1.1T ARS	-1.1T ARS
Accumulated other comprehensive income		-477.7M ARS	-12.7B ARS
Net income for the fiscal year		289.5B ARS	428.2B ARS
Net shareholders' equity attributable to controlling interests		5.2T ARS	5.3T ARS
Net shareholders' equity attributable to non-controlling interests		3.0B ARS	2.1B ARS
TOTAL SHAREHOLDERS' EQUITY		5.2T ARS	5.3T ARS	5.8T ARS	4.6T ARS
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES		23.2T ARS	19.1T ARS

Period ending	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and deposits in banks		4.3T ARS	3.5T ARS	3.4T ARS
Cash		543.5B ARS	547.3B ARS
Central Bank of Argentina		3.0T ARS	2.5T ARS
Other local and foreign entities		755.7B ARS	455.0B ARS
Other		98.6M ARS	72.1B ARS
Debt securities at fair value through profit or loss		991.1B ARS	1.1T ARS
Derivative financial instruments		7.9B ARS	25.4B ARS
Repo transactions		181.2B ARS
Other financial assets		716.5B ARS	721.1B ARS
Loans and other financing		10.7T ARS	7.6T ARS
Non-financial public sector		228.4B ARS	92.0B ARS
Other financial entities		117.6B ARS	83.0B ARS
Non-financial private sector and foreign residents		10.4T ARS	7.5T ARS
Other debt securities		4.4T ARS	4.1T ARS
Financial assets delivered as guarantee		347.2B ARS	325.1B ARS
Current income tax assets		1.9B ARS	110.9B ARS
Equity instruments at fair value through profit or loss		30.2B ARS	11.5B ARS
Investments in associates and joint ventures		6.2B ARS	6.1B ARS
Property, plant and equipment		1.0T ARS	1.0T ARS
Intangible assets		182.9B ARS	194.0B ARS
Deferred income tax assets		23.1B ARS	3.0B ARS
Other non-financial assets		147.4B ARS	138.5B ARS
Non-current assets held for sale		94.1B ARS	99.8B ARS
TOTAL ASSETS		23.2T ARS	19.1T ARS
Deposits		13.7T ARS	11.1T ARS
Non-financial public sector		638.9B ARS	846.8B ARS
Financial Sector		18.6B ARS	15.8B ARS
Non-financial private sector and foreign residents		13.0T ARS	10.2T ARS
Liabilities at fair value through profit or loss		14.7B ARS	9.4B ARS
Derivative financial instruments		498.7M ARS	1.7B ARS
Repo transactions			24.9B ARS
Other financial liabilities		1.8T ARS	1.4T ARS
Financing received from the BCRA and other financial institutions		153.2B ARS	57.2B ARS
Issued corporate bonds		757.6B ARS	19.5B ARS
Current income tax liabilities		304.7B ARS	25.0B ARS
Subordinated corporate bonds		588.0B ARS	549.4B ARS
Provisions		71.8B ARS	22.5B ARS	25.2B ARS
Deferred income tax liabilities		1.2B ARS	105.4B ARS
Other non-financial liabilities		633.9B ARS	483.4B ARS
TOTAL LIABILITIES		18.0T ARS	13.7T ARS
Capital stock		639.4M ARS	639.4M ARS
Non-capitalized contributions		12.4B ARS	12.4B ARS
Capital adjustments		1.6T ARS	1.6T ARS
Earnings reserved		4.4T ARS	4.4T ARS
Unappropriated retained earnings	290.4B ARS	-1.1T ARS	-1.1T ARS
Accumulated other comprehensive income		-477.7M ARS	-12.7B ARS
Net income for the fiscal year		289.5B ARS	428.2B ARS
Net shareholders' equity attributable to controlling interests		5.2T ARS	5.3T ARS
Net shareholders' equity attributable to non-controlling interests		3.0B ARS	2.1B ARS
TOTAL SHAREHOLDERS' EQUITY		5.2T ARS	5.3T ARS	5.8T ARS	4.6T ARS
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES		23.2T ARS	19.1T ARS

Cash from operations¹⁰¹¹¹²¹³¹⁴⁷$2.0T in 2024

Capital spending¹⁰¹¹¹²¹³¹⁴⁷$124.5B in 2024+2649% since 2017

Free cash flow¹⁰¹¹¹²¹³¹⁴⁷$1.9T in 2024

Dividends paid⁷$466.9B in 2024+261% since 2022

Every line of the cash flow as filed: the last 3 fiscal years, latest first.¹⁵

Period ending	2025-12-31	2024-12-31	2023-12-31
Income for the fiscal year before income tax	511.1B ARS	473.6B ARS	2.5T ARS
Adjustment for the total monetary effect of the fiscal year	1.1T ARS	3.1T ARS	3.7T ARS
Amortization and depreciation	178.8B ARS	181.7B ARS	166.4B ARS
Credit loss expense on financial assets	538.4B ARS	142.2B ARS	131.7B ARS
Difference in quoted prices of foreign currency	-410.2B ARS	-303.5B ARS	-1.5T ARS
Other adjustments	-193.6B ARS	-1.8T ARS	346.0B ARS
Debt securities at fair value through profit or loss	-81.2B ARS	6.1T ARS	-2.6T ARS
Derivative financial instruments	17.4B ARS	12.3B ARS	26.3B ARS
Repo transactions	-181.2B ARS	1.8T ARS	-478.9B ARS
Non-financial public sector	-136.5B ARS	-78.5B ARS	6.2B ARS
Other financial entities	-34.6B ARS	-54.5B ARS	-20.3B ARS
Non-financial private sector and foreign residents	-3.4T ARS	-2.4T ARS	805.7B ARS
Other debt securities	-273.6B ARS	-5.6T ARS	690.1B ARS
Financial assets delivered as guarantee	-22.1B ARS	55.6B ARS	9.1B ARS
Equity Instruments at fair value through profit or loss	-18.8B ARS	-2.3B ARS	-1.2B ARS
Other assets	-6.0B ARS	-123.5B ARS	47.3B ARS
Non-financial public sector	-207.9B ARS	310.8B ARS	-171.5B ARS
Financial sector	2.8B ARS	-42.0B ARS	43.1B ARS
Non-financial private sector and foreign residents	2.8T ARS	1.2T ARS	-3.7T ARS
Liabilities at fair value through profit or loss	5.3B ARS	-30.2B ARS	-23.4B ARS
Derivative financial instruments	-1.2B ARS	-6.4B ARS	-16.5B ARS
Repo transactions	-24.9B ARS	-42.7B ARS	67.6B ARS
Other liabilities	510.4B ARS	157.2B ARS	-237.4B ARS
Income tax paid	-43.6B ARS	-423.9B ARS	-76.0B ARS
Total cash from operating activities	555.2B ARS	2.6T ARS	-244.2B ARS
Acquisition of PPE, intangible assets and other assets	-171.9B ARS	-163.8B ARS	-163.5B ARS
Obtaining control of subsidiaries or other businesses		-11.2B ARS	-62.9B ARS
Other payments related to investing activities		-851.5M ARS	-1.8B ARS
Other collections related to investing activities			461.1B ARS
Total cash used in investing activities (B)	-171.9B ARS	-175.9B ARS	233.0B ARS
Dividends	-155.5B ARS	-614.3B ARS	-514.7M ARS
Acquisition of own shares	-181.0M ARS
Non-subordinated corporate bonds	-59.4B ARS	-108.5B ARS	-14.0B ARS
Financing from local financial entities		-7.8B ARS	-21.8B ARS
Subordinated corporate bonds	-41.3B ARS	-37.3B ARS	-37.1B ARS
Other payments related to financing activities	-15.4B ARS	-11.0B ARS	-11.3B ARS
Non-subordinated corporate bonds	720.4B ARS		84.4B ARS
Financing from local financial entities	85.4B ARS
Total cash from / (used in) financing activities (C)	534.1B ARS	-778.8B ARS	-163.1M ARS
Effect of exchange rate fluctuations (D)	784.7B ARS	481.4B ARS	2.6T ARS
Monetary effect on cash and cash equivalents (E)	-950.1B ARS	-2.4T ARS	-5.3T ARS
Net increase / (decrease) in cash and cash equivalents (A+B+C+D+E)	751.9B ARS	-199.1B ARS	-2.7T ARS

Compare Macro Bank with another company

Leadership

Who has led Macro Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

Juan Martin Parma2026–now

Chief financial officer

Jorge Francisco Scarinci2026–now

19801990200020102020

Chief executive officerJuan Martin Parma Mar 18, 2026 to now¹⁷
Chief financial officerJorge Francisco Scarinci Mar 26, 2026 to now¹⁸

Board members and other officers (13)

Board memberAgustin Mariano Alvarez Mar 18, 2026 to now¹⁹
Board memberCarlos Alberto Giovanelli Mar 18, 2026 to now²⁰
Board memberConstanza Brito Mar 18, 2026 to now²¹
Board memberJorge Pablo Brito Mar 18, 2026 to now²²
Board memberJose Alfredo Sanchez Mar 18, 2026 to now²³
Board memberLucas Matias Gregorio Mar 18, 2026 to now²⁴
Board memberMarcos Brito Mar 18, 2026 to now²⁵
Board memberMario Luis Vicens Mar 18, 2026 to now²⁶
Board memberMeilan Daniela Anahi Rivarola Mar 18, 2026 to now²⁷
Board memberNelson Damian Pozzoli Mar 18, 2026 to now²⁸
Board memberSebastian Palla Mar 18, 2026 to now²⁹
Board memberDelfin Federico Ezequiel Carballo Mar 26, 2026 to now³⁰
Board memberMiguel Iribarne Sep 11, 2026 to now³¹

Products and brands

retail banking

Listed on Wikidata.¹

Subsidiaries and ownership

Owners

Jorge Horacio Brito
Jorge Pablo Brito
Julian Aristiqui

From Wikidata.¹

Former names

Macro Bansud Bank Inc.Jan 6, 2006 to Aug 21, 2006⁸

Timeline

Mar 18, 2026New chief executive Juan Martin Parma becomes CEO¹⁷
1978Founded Founded¹

Filings

229 filings to the SEC since October 2021: 5 annual reports, 17 insider forms, 2 large holders, 205 other. The latest 20:

Sep 16, 20264 OWNERSHIP DOCUMENT EDGAR
Sep 11, 20263 OWNERSHIP DOCUMENT EDGAR
Aug 19, 20266-K EDGAR
Aug 19, 20266-K EDGAR
Jun 24, 20266-K EDGAR
Jun 17, 20266-K EDGAR
Jun 4, 20266-K EDGAR
May 27, 20266-K EDGAR
May 27, 20266-K EDGAR
May 20, 20266-K EDGAR
May 6, 20266-K EDGAR
May 1, 20266-K EDGAR
Apr 20, 202620-F EDGAR
Apr 10, 20266-K EDGAR
Apr 9, 20266-K EDGAR
Apr 8, 20266-K EDGAR
Apr 8, 20266-K EDGAR
Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
Mar 20, 20266-K EDGAR

The 229 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Mar 19, 2026	Brito MarcosDirector	Buy	1,500	$68.27	$102.4K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

JHB BMA Guarantee TrustSC 13D, 1 filing Aug 12, 2024³²
Delfin Jorge CarballoSC 13D/A, 1 filing Jun 27, 2023³³

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 94. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Aquamarine Financial (Cayman) Ltd	842,490	$78.0M	4.3%	+310,000
PointState Capital LP	766,444	$71.0M	1.3%	+55,951
BlackRock, Inc.	694,755	$64.3M	0.0%	−57,959
Samlyn Capital, LLC	671,196	$62.1M	1.0%	+124,656
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	478,036	$44.3M	0.1%	+62,429
Cape Ann Asset Management Ltd	439,918	$40.7M	9.4%	−30,990
Route One Investment Company, L.P.	332,111	$30.8M	1.3%	No change
Morgan Stanley	298,015	$27.6M	0.0%	−187,431
Gemsstock Ltd.	237,969	$22.0M	7.2%	New
Itau Unibanco Holding S.A.	217,269	$20.2M	0.4%	−2,328
Capital Wealth Planning, LLC	206,274	$19.1M	0.1%	−11,907
Hsbc Holdings PLC	194,582	$18.0M	0.0%	+160,147
Robeco Institutional Asset Management B.V.	178,108	$16.5M	0.0%	New
Ping Capital Management, Inc.	171,004	$15.8M	5.1%	−1,200
Citigroup Inc	149,388	$13.8M	0.0%	−59,693
Pictet Asset Management Holding SA	138,997	$12.9M	0.0%	+31,992
Citadel Advisors LLC	118,764	$11.0M	0.0%	+61,054
Marshall Wace, Llp	105,684	$9.8M	0.0%	New
Turim 21 Investimentos Ltda.	528,547	$9.7M	1.6%	No change
Goldman Sachs Group Inc	65,426	$6.1M	0.0%	−46,407
Ramirez Asset Management, Inc.	59,293	$5.5M	0.6%	+1,264
Deprince Race & Zollo Inc	52,959	$4.9M	0.1%	+4,418
Glenorchy Capital Ltd	49,879	$4.6M	2.9%	+1,767
Jane Street Group, LLC	49,365	$4.6M	0.0%	+36,365
Brevan Howard Capital Management LP	42,462	$4.0M	0.1%	−56,400

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataMacro Bank on Wikidata
2
SEC EDGARMacro Bank filings on SEC EDGAR
3
WikipediaMacro Bank on Wikipedia
4
GLEIFMacro Bank LEI record (579100KKDKKIFEBKK040)
5
Yahoo FinanceBMA quote
6
Wikimedia CommonsMacro Bank logo by Unknown author Unknown author, Public domain
7
SEC EDGARMacro Bank 10-K for fiscal 2024
8
SEC EDGARMacro Bank filings on SEC EDGAR
9
Wikimedia CommonsMacro Bank photo by Pulkele, CC BY-SA 4.0
10
SEC EDGARMacro Bank 10-K for fiscal 2017
11
SEC EDGARMacro Bank 10-K for fiscal 2018
12
SEC EDGARMacro Bank 10-K for fiscal 2019
13
SEC EDGARMacro Bank 10-K for fiscal 2020
14
SEC EDGARMacro Bank 10-K for fiscal 2021
15
SEC EDGARMacro Bank 20-F filed 2026-04-20: income statement
16
SEC EDGARMacro Bank 10-K for fiscal 2017
17
SEC EDGARJuan Martin Parma, Chief executive officer
18
SEC EDGARJorge Francisco Scarinci, Chief financial officer
19
SEC EDGARAgustin Mariano Alvarez, Board member
20
SEC EDGARCarlos Alberto Giovanelli, Board member
21
SEC EDGARConstanza Brito, Board member
22
SEC EDGARJorge Pablo Brito, Board member
23
SEC EDGARJose Alfredo Sanchez, Board member
24
SEC EDGARLucas Matias Gregorio, Board member
25
SEC EDGARMarcos Brito, Board member
26
SEC EDGARMario Luis Vicens, Board member
27
SEC EDGARMeilan Daniela Anahi Rivarola, Board member
28
SEC EDGARNelson Damian Pozzoli, Board member
29
SEC EDGARSebastian Palla, Board member
30
SEC EDGARDelfin Federico Ezequiel Carballo, Board member
31
SEC EDGARMiguel Iribarne, Board member
32
SEC EDGARJHB BMA Guarantee Trust SC 13D on Macro Bank
33
SEC EDGARDelfin Jorge Carballo SC 13D/A on Macro Bank