NYSE$BMA
Banco Macro S A · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
Banco Macro S.A. reported net income of Ps. 206.8 billion for the second quarter ended June 30, 2026.
Banco Macro announced its Q2 2026 results on August 19, showing net income of Ps. 206.8 billion, up 39% quarter-over-quarter and 4% year-over-year. Operating income after administrative expenses reached Ps. 603.8 billion, with strong solvency metrics including a 28% capital adequacy ratio. Asset quality remained solid with an NPL ratio of 6.25% and coverage of 95.39%.
- Net income totaled Ps. 206.8 billion, with adjusted net income of Ps. 221 billion excluding restructuring charges.
- Annualized ROAE was 13.4% (adjusted 14.3%) and ROAA 3.3% (adjusted 3.5%).
- Net interest income reached Ps. 1.03 trillion, up 11% year-over-year.
- Maintained strong liquidity at 74% of deposits and excess capital of Ps. 4.1 trillion.
Headline financials
Revenue & EPS history
Banco Macro · Revenue · Quarterly
AR$852M
Forward guidance
Loan growth guidance revised to 2-5% in real terms for 2026; cost of risk expected 6.5-7% by year-end with NPLs 5.5-6%.
Tailwinds
- Solid asset quality outperforming the system
Headwinds
- Muted loan demand and macroeconomic uncertainty
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-0.1%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+5.5%
Avg return
30 days after
56%
25 / 45 earnings
Positive
+16.1%
Q2 2018
Best reaction
-12.6%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2024 | +2.0% | +15.1% | — | |
| Q4 2026 | -6.9% | +2.8% | -8.6% | |
| Q4 2024 | +4.2% | +0.6% | -20.6% | |
| Q3 2024 | +1.3% | +4.6% | +19.6% | |
| Q4 2023 | -2.3% | -9.0% | +15.4% | |
| Q3 2023 | -2.1% | -4.2% | -8.6% | |
| Q2 2023 | -1.5% | -1.8% | -5.2% | |
| Q1 2023 | -0.8% | +24.7% | +50.3% | |
| Q4 2022 | -3.7% | +7.2% | +26.9% | |
| Q3 2022 | +7.2% | +6.8% | +1.9% | |
| Q2 2022 | +3.5% | -0.9% | +30.7% | |
| Q1 2022 | +8.4% | +6.9% | -12.0% | |
| Q4 2021 | +0.1% | +2.0% | +12.4% | |
| Q3 2021 | +2.8% | +1.3% | -6.6% | |
| Q2 2021 | -4.2% | -4.8% | +23.1% | |
| Q1 2021 | -4.0% | +8.8% | +30.5% | |
| Q4 2020 | -3.4% | -6.6% | +18.4% | |
| Q3 2020 | +0.3% | +9.0% | +5.4% | |
| Q2 2020 | -5.0% | -8.6% | +11.2% | |
| Q4 2019 | +1.1% | -0.3% | +12.5% | |
| Q1 2020 | +1.9% | +8.2% | +0.9% | |
| Q3 2019 | -1.9% | -6.8% | +1.2% | |
| Q2 2019 | -1.8% | -0.5% | -2.7% | |
| Q1 2019 | +1.6% | -0.3% | -11.3% | |
| Q3 2018 | -12.6% | -4.0% | +6.1% | |
| Q2 2018 | +16.1% | +17.5% | -5.9% | |
| Q1 2018 | +5.6% | +7.8% | -14.1% | |
| Q4 2017 | +0.8% | +4.8% | -0.4% | |
| Q3 2017 | +2.1% | +4.6% | +8.4% | |
| Q2 2017 | +3.5% | +1.8% | -2.2% | |
| Q4 2016 | +1.1% | -4.9% | -2.3% | |
| Q3 2016 | +1.8% | +3.9% | -0.3% | |
| Q2 2016 | +0.3% | +0.9% | +1.7% | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | +0.3% | — | — | |
| Q2 2015 | -4.6% | — | — | |
| Q1 2015 | — | — | — | |
| Q3 2014 | -6.4% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | +5.8% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q3 2011 | -10.6% | — | — | |
| Q2 2011 | +3.5% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | +0.9% | — | — |
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