Banco Macro Authorizes AR$160 Billion Buyback of Up to 20 Million Class B Shares
BMA is trading near its 52-week low of $58.01 (3.8% above the low).
Summary
Banco Macro's board set terms for a buyback of up to AR$160 billion, or 20 million Class B shares at up to AR$10,700 each, over 45 days, citing a share price it says undervalues the bank.
Key Events · Financing and Capital Events · BMA
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Board Approves AR$160 Billion Buyback
Banco Macro's Board of Directors established terms to repurchase up to AR$160,000,000,000 of its own shares, citing a market price that does not reflect the fair value of the bank's assets.
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Caps: 20 Million Shares at AR$10,700
The program is limited to 20,000,000 Class B common shares, within the 10% capital stock limit, at a maximum payable price of AR$10,700.00 per share.
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45-Day Execution Window
Purchases run for 45 calendar days from the day after publication in the Buenos Aires Stock Exchange Bulletin, subject to renewal or extension disclosed in that Bulletin.
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Volume Rule Paces Daily Buying
Daily acquisitions may not exceed 25% of the average daily trading volume over the prior 90 business days, with the bank counting consolidated volume across local and international markets.
Analysis · BMA · Finance
Banco Macro's board approved a buyback of up to AR$160 billion, capped at 20 million Class B shares at no more than AR$10,700 each, over 45 calendar days. The decision is explicitly tied to the recent slide in the share price, which the board says no longer reflects the fair value of the bank's assets, and to reducing volatility. That is a real capital-return commitment rather than a symbolic authorization, and it comes with the stock trading near its 52-week low. The size is meaningful: at the AR$10,700 ceiling, 20 million shares would absorb the full AR$160 billion, so the share cap and the money cap bind together. Execution is subject to the CNV rule limiting daily purchases to 25% of the prior 90-business-day average daily volume, which will pace buying and could stretch it across the window. It does not change the earnings picture — Q2 2026 results previously disclosed showed non-performing loans at 6.25% and thin coverage — so the buyback supports the price without fixing asset quality.
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At the time of this filing, BMA was trading at $60.21 on NYSE in the Finance sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $58.01 to $106.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.