BMA Earnings Prediction
The chart below shows how BMA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BMA sees a -2.49% change in stock price 10 days leading up to the earnings, and a +5.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
BMA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
516.07M
-55.11%
--
Gross Margin
--
--
--
Operating Margin
17.66%
-72.31%
--
Net Margin
-51.07%
-407.47%
--
EPS
-0.41
-236.67%
--
No Data Available
BMA Earnings Analysis
Banco Macro S.A. Corporation (BMA.N) Earnings Conference Call
Positive
Operating Income Surge: Banco Macro's operating income for the first half of 2024 totaled ARS2.38 trillion, a 36% increase or ARS628.2 billion higher than the same period in 2023.
Total Financing Growth: The bank's total financing reached ARS3.47 trillion, increasing 17% or ARS504.1 billion quarter-on-quarter and 5% or ARS154.5 billion year-on-year.
Deposit Growth Analysis: Total deposits increased by 13% or ARS769.5 billion quarter-on-quarter, totaling ARS6.74 trillion, with private sector deposits rising 11% or ARS591.5 billion.
Strong Capital Position: Banco Macro's capital adequacy ratio stood at 35.7%, indicating a strong capital position with an excess capital of ARS2.36 trillion.
Asset Quality Assessment: The bank's non-performing to total financial ratio was 1.23%, with a coverage ratio of 181.4%, demonstrating strong asset quality.
Negative
Net Income Loss Analysis: Banco Macro's net income for Q2 2024 was a loss of ARS233.2 billion, which is ARS559.6 billion lower than the previous quarter and ARS397.3 billion lower year-on-year, primarily due to mark-to-market losses on government securities and lower FX gains.
Net Interest Income Decline: Net interest income in Q2 2024 totaled ARS188 billion, down 6% or ARS12.7 billion from the previous quarter and down 53% or ARS213.1 billion year-on-year, indicating a significant decline in interest income.
Loan Loss Provision Decline: In Q2 2024, the provision for loan losses decreased by 26% or ARS5.9 billion compared to Q1 2024, but this reflects a decrease in loan quality, with non-performing loans increasing slightly in the consumer portfolio.
Net Monetary Position Loss: The net monetary position resulted in a loss of ARS462.7 billion in Q2 2024, which is 56% lower than the loss in Q1 2024 but 14% higher than the loss from the previous year, indicating ongoing challenges with inflation adjustments.
Efficiency Ratio Decline: The efficiency ratio deteriorated to 22.2% in Q2 2024, up from 14.7% in Q1 2024, as expenses decreased but net interest income plus net fee income plus other operating income fell by 77% compared to the previous quarter.
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BMA Earning Call Sentiment
Banco Macro S.A. (BMA) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
BMA.N
-4.35%Positive
The earnings call summary indicates a decline in key financial metrics like net interest income and interest income, along with deteriorating net interest margins. Although there is optimism in loan growth and asset quality, the Q&A reveals uncertainty around NIM stabilization and M&A opportunities. The market cap suggests a moderate reaction, and the lack of positive catalysts like partnerships or strong guidance further supports a negative sentiment, likely leading to a stock price decrease of -2% to -8%.
