Banco Macro Posts 4Q25 Recovery With Strong Capital and Deposit Growth
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Banco Macro SA ( (BMA) ) has shared an update.
On February 25, 2026, Banco Macro reported its 4Q25 and full-year 2025 results, showing a net income of Ps.100.1 billion for the quarter and Ps.290.7 billion for the year, a recovery from the previous quarter’s loss but 26% below 4Q24, with ROAE at 5.1% and ROAA at 1.4%. Excluding Ps.82.9 billion in non-recurring expenses, net income would have been significantly higher at Ps.183 billion for the quarter and Ps.393.7 billion for the year, implying stronger underlying profitability.
Operating income before G&A and personnel costs rose 39% quarter-on-quarter and 9% year-on-year in 4Q25, while operating income after these expenses jumped 156% versus 3Q25 despite being slightly below 4Q24. Total financing slipped 2% quarter-on-quarter to Ps.10.71 trillion, with peso loans up 2% and U.S.-dollar loans down 20%, but rose 40% year-on-year, indicating robust credit expansion over 2025.
Total deposits climbed 8% quarter-on-quarter and 24% year-on-year to Ps.13.69 trillion, representing 76% of liabilities, with private-sector deposits up 11% and a marked rebound in U.S.-dollar deposits, underscoring strong franchise funding. Asset quality remained contained, with a 3.87% non-performing financing ratio and 119.86% coverage, suggesting manageable credit risk amid Argentina’s inflationary environment.
The bank highlighted a solid solvency position, reporting Ps.3.61 trillion in excess capital and a 30.6% capital adequacy and Tier 1 ratio under Basel III, alongside liquid assets equal to 73% of deposits in 4Q25. These metrics, combined with its broad regional footprint and growing digital customer base, reinforce Banco Macro’s capacity to navigate macroeconomic volatility while supporting loan growth and deposit gathering.
The most recent analyst rating on (BMA) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.
Spark’s Take on BMA Stock
According to Spark, TipRanks’ AI Analyst, BMA is a Neutral.
Banco Macro’s overall stock score reflects a mix of strong revenue growth and a solid balance sheet, tempered by modest profitability and significant challenges highlighted in the recent earnings call. Technical indicators show positive momentum, but the financial performance and earnings call concerns weigh heavily on the score.
To see Spark’s full report on BMA stock, click here.
More about Banco Macro SA
Banco Macro S.A. is an Argentine universal bank that provides retail and corporate banking services across 23 of the country’s 24 provinces. Through 444 branches and 8,490 employees, it serves 6.36 million retail customers, including 2.57 million digital users, and about 225,000 corporate clients, positioning it as a major private-sector lender and deposit taker in the local financial system.
Average Trading Volume: 290,113
Technical Sentiment Signal: Buy
Current Market Cap: $6.05B
Find detailed analytics on BMA stock on TipRanks’ Stock Analysis page.
