Earnings call transcript: Banco Macro beats Q2 2026 EPS forecast as stock slips

Banco Macro reported a stronger-than-expected second-quarter profit for 2026, with earnings per share (EPS) of $1.92, surpassing the $1.46 forecast by 31.5%. Revenue, however, came in slightly below the $948.22 million estimate at $941.34 million. The bank attributed the EPS beat to lower provisions, improved operating income, and a smaller loss from the net monetary position.

Net income rose 39% from the previous quarter and 4% from a year earlier, while adjusted net income reached ARS 221 billion after excluding restructuring charges. Banco Macro's adjusted annualized ROE improved to 14.3% from 9.9% in the first quarter, and reported ROE rose to 13.4% from 10%. The bank's NPL ratio of 6.25% remained below the broader system average.

Despite the earnings beat, the stock traded down 1.62% to $74 in after-hours trading, remaining about 30.3% below its 52-week high and roughly 93% above its 52-week low.

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