Macro Bank Inc.
BMA · Commercial Banks, NEC · EDGAR filings ↗
Grade
C61Argentine bank with strong ROA but only mid-single-digit ROE, a sharp earnings drop and heavy country risk.
Strengths
- ROA 2.25% (88th pct) and full tangible-equity backing; large interest-coverage cushion
- Established SME-focused franchise benefiting from regulatory reserve incentives
Risks
- Net income down 74% (3rd pct) and ROE just 8.1% (23rd pct) — profitability is eroding
- Pervasive Argentine macro, inflation, FX-control and sovereign-exposure risk; data is FY2024 (stale)
Notable findings
- Strong balance sheetStrong balance sheet — $2.0B cash & investments
Key metrics
Return on equity
8.1%
Return on assets
2.3%
Net-income growth
-74.3%
Interest coverage
1.4×
Free cash flow
$1.5B
Tangible book value
$3.3B
Cash & investments
$2.3B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-20 | 2025-12-31 | 0001193125-26-163876 ↗ |
| 20-F | 2025-04-21 | 2024-12-31 | 0001193125-25-087225 ↗ |
| 20-F | 2024-04-29 | 2023-12-31 | 0001193125-24-122871 ↗ |
| 20-F | 2023-04-28 | 2022-12-31 | 0001193125-23-126614 ↗ |
| 20-F | 2022-04-28 | 2021-12-31 | 0001193125-22-127903 ↗ |
| 20-F | 2021-04-29 | 2020-12-31 | 0001193125-21-140667 ↗ |
| 20-F | 2020-05-15 | 2019-12-31 | 0001193125-20-144107 ↗ |
| 20-F | 2019-05-10 | 2018-12-31 | 0001193125-19-144296 ↗ |
| 20-F | 2018-04-25 | 2017-12-31 | 0001193125-18-131678 ↗ |
| 20-F | 2017-04-24 | 2016-12-31 | 0001193125-17-134710 ↗ |
| 20-F | 2016-04-28 | 2015-12-31 | 0001193125-16-563512 ↗ |
| 20-F | 2015-04-28 | 2014-12-31 | 0001193125-15-152311 ↗ |