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6-K ·Filed May 20, 2026

BMA

Macro Bank Inc.
NEUTRAL
Impact 3/10
Horizondays Processed5mo ago SEC0001104659-26-064236
Notable filing: 6-K
Actionable Insight • Neutral

This is a routine dividend installment with no new earnings or guidance. Monitor the third and final installment expected in July 2026. The 20-F annual report (filed April 20) showed net income of Ps. 290.7 billion and ROAE of 5.55% — the dividend is consistent with that profitability. No immediate trading catalyst.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
BMA ▲ +7.63% at T+60d
NEUTRAL call +7.63% · α vs SPY +2.62% · entry $72.11 → $77.61
Entry = T+0 close
May 20, 2026
via day close
T+1d
+8.63%
call +8.63% · α +8.43%
$78.33
settled 5mo ago
T+5d
+18.24%
call +18.24% · α +17.00%
$85.26
settled 5mo ago
T+20d
+41.01%
call +41.01% · α +40.27%
$101.68
settled 4mo ago
T+60d
+7.63%
call +7.63% · α +2.62%
$77.61
settled 2mo ago

Price Chart

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Executive Summary

Macro Bank Inc. (BMA) filed a 6-K announcing the second of three monthly cash dividend installments, totaling AR$49.0 billion (AR$76.69 per share), payable June 3, 2026 with a record date of June 2, 2026. This is a routine capital distribution following the April 2026 shareholder meeting and central bank authorization, with no new financial or operational data.

Key Facts

  • Second installment of cash dividend: AR$49,033,753,984.66 total, AR$76.6882980676 per share
  • Dividend represents 7,668.8298% of outstanding capital stock of AR$639,390,301
  • Available as of June 3, 2026; record date June 2, 2026
  • Subject to 7% withholding under Argentine Income Tax Law section 97
  • ADR holders will receive dividend via Bank of New York Mellon under depositary agreement
  • Part of a 3-monthly, equal, non-cumulative installment plan authorized by Central Bank Communique 'A' 8410

Financial Impact

AR$49.0 billion cash dividend distribution (second of three installments); per-share amount AR$76.69

dividendcash distribution

Risk Factors

  • Argentine peso devaluation risk affecting USD-equivalent dividend for ADR holders
  • Regulatory changes to dividend withholding or distribution rules by Central Bank
  • Macroeconomic instability in Argentina could impact future dividend capacity

Market Snapshot

Exchange
NYSE
Sector
Commercial Banks, NEC
Analyst Consensus
83% bullish (12 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001104659-26-064236
Document: 0001104659-26-064236-index-headers.html0001104659-26-064236
Document: 0001104659-26-064236-index.html0001104659-26-064236
Document: 0001104659-26-064236.txt0001104659-26-064236
8 reports for BMA
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BMA — sortable, filterable
TypeNow
Sep 16, 2026
5w ago
Insider Buy
BULLISH ★ 4/10
$76.77 $65.03▼ −15.29%▼ −16.50%$61.88 (−19.40%)
Aug 19, 2026
9w ago
6-K
NEUTRAL ★ 3/10
$72.87 $76.77▲ +5.35%▲ +5.35%$61.88 (−15.08%)
Jun 17, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$101.68 $90.86▼ −10.64%▼ −11.17%$61.88 (−39.14%)
May 27, 2026
21w ago
6-K
NEUTRAL ★ 4/10
$87.27 $91.44▲ +4.77%▲ +7.92%$61.88 (−29.10%)
May 20, 2026
22w ago
6-K
NEUTRAL ★ 3/10
$72.11 $101.68▲ +41.01%▲ +40.27%$61.88 (−14.19%)
Apr 20, 2026
27w ago
20-F
NEUTRAL ★ 5/10
$82.86 $72.58▼ −12.41%▼ −16.61%$61.88 (−25.32%)
Apr 8, 2026
28w ago
6-K
NEUTRAL ★ 2/10
$80.41 $69.62▼ −13.42%▼ −21.96%$61.88 (−23.04%)
Apr 8, 2026
28w ago
6-K
NEUTRAL ★ 4/10
$80.41 $69.62▼ −13.42%▼ −21.96%$61.88 (−23.04%)
Showing 8 of 8

US Market Status

Market Closed — Opens in 7h 26m

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Report published May 20, 2026