Banco Macro S.A. (BMA) Earnings Call Transcripts

Banco Macro S.A.'s Latest Earnings Call - Q1 FY2026

Banco Macro S.A. reported strong financial results for Q1 2026, with net income reaching ARS 139.8 billion, a 28% increase from the previous quarter and a staggering 131% year-over-year growth. The bank maintained its guidance for loan and deposit growth at 42% and 34% nominal growth, respectively, despite a slight quarterly decline in deposits. The annualized return on equity (ROE) was reported at 10%, with management signaling optimism for continued growth in the upcoming quarter, supported by improving economic conditions in Argentina.

Reported metrics

Guidance from management

Management maintained their guidance for loan growth at 42% and deposit growth at 34% nominal for the year, indicating confidence in future demand despite recent quarterly declines.

What management said

Tito, in terms of NIMs, we are seeing, going forward, I think, a small contraction. I would say that the NIM for the first Q was slightly above the one that we were expecting. So I would say that the average of the year should be quite similar than the average of last year. So I think that is one of the reasons that could be, at some point, compensating the level of -- maintain the same cost of risk going forward. So...

Yes. What we are seeing that inflation levels should be going slightly down on a monthly basis going forward. That is going to bring nominal interest rates slightly down, but I would say that we could be seeing a slightly more pressure from asset yields compared to the funding cost, that is also going to go down but make more pressure on the asset side.

What analysts pressed on

Analysts expressed concerns regarding the deterioration in asset quality, particularly the rising NPL ratio. There were also questions about the sustainability of net interest margins and the impact of economic conditions on future loan demand.

Main topics on the call

• Net Income Growth — Banco Macro's net income totaled ARS 139.8 billion in Q1 2026, which is '28% or ARS 30.2 billion higher than the surplus in the previous quarter' and '131% or ARS 79.2 billion higher than a year ago.' This significant gr...
• Loan and Deposit Guidance Maintained — Management confirmed that they are 'maintaining the guidance that we gave in the last quarter' for loan growth at 42% and deposit growth at 34% nominal. This decision comes despite a quarterly decline in deposits, indica...
• Asset Quality Concerns — The nonperforming loans (NPL) ratio increased to 5.4%, with management acknowledging 'deterioration in the whole portfolio' but noted that they still have the 'best NPL to total loans ratio among our peers.' This indicat...
• Net Interest Margin Improvement — The bank's net interest margin improved to 25.3%, up from 21.7% in Q4 2025, attributed to a '21% increase in interest expense' and a strategic short position in U.S. dollars. This improvement is a positive indicator for ...

Read the full Banco Macro S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Banco Macro S.A. earnings call transcripts on record, spanning February 20, 2020 to August 20, 2026. Based on this history, Banco Macro S.A. reports quarterly. The most recent call on file is dated August 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BMA

Exchange

BASE

Country

AR

Sector

Financials

Industry

Banks

Calls on record

27

First call

February 20, 2020

Most recent

August 20, 2026

Reporting cadence

quarterly