Banco Macro B ADR reported second-quarter earnings per share of $1.84 on Thursday, topping analyst expectations by $0.38 and marking a sequential improvement from the prior period.
Quarterly revenue totaled $951.54 million, slightly above the $948.22 million consensus estimate. The bank’s net income rose amid stable asset quality and controlled operating expenses, according to the filing.
Analysts have revised earnings estimates upward over the past 90 days, with four positive revisions recorded and none negative. The stock closed at $75.22 on Wednesday, down 0.86 points, or 1.13%, but rose to $75.50 in after-hours trading, up 0.28 points, or 0.37%. Over the past three months, shares have declined 0.96%, though they remain up 13.47% year over year.
The results reflect Banco Macro’s resilience in a challenging operating environment, with management citing disciplined risk management and steady loan growth as key drivers of performance.
