Banco Macro SA (ADR) (N:BMA)
Business Focus: Banks
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Company News
Nov 22, 2023 16:49 ET
Banco Macro Announces Results for the Third Quarter of 2023
BUENOS AIRES, Argentina, Nov. 22, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2023 ("3Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2022 and 2023 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2023.
May 17, 2023 18:36 ET
Banco Macro Announces Results for the First Quarter of 2023
BUENOS AIRES, Argentina, May 17, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2023 ("1Q23"). All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2022 have been restated applying IAS 29
Valuation Ratios
Industry
Sector
Beta
1.91
--
--
Price to Sales - TTM
1.22
2.64
3.63
Price to Book - most recent quarter
1.41
1.02
1.32
Price to Cash Flow per share - TTM
5.46
12.01
13.19
Price to Free Cash Flow per share - TTM
--
16.78
15.76
Business Summary
| Sector: Financials | Industry: Banks |
Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank. Through other companies in the group, the Company also renders services as trustee agent and director and manager of mutual funds, as well as stock exchange services. The Company began the process of acquiring entities, assets and liabilities as part of the privatization of provincial banks and other banking institutions. The Company and Worldline Argentina SA entered into a joint venture agreement with Siemens Itron Business Servicies SA, to be jointly controlled by both companies, for the purpose of facilitating the development of a tax management data processing center, modernizing the existing tax collection systems and processes used by the Province of Salta, and managing and recovering municipal taxes and fees.
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