Banco Macro: Q4 Earnings Snapshot
March 10, 2021
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BUENOS AIRES, Argentina (AP) Banco Macro SA (BMA) on Wednesday reported net income of $86.4 million in its fourth quarter.
The bank, based in Buenos Aires, Argentina, said it had earnings of $1.35 per share.
The financial holding company posted revenue of $591.7 million in the period. Its revenue net of interest expense was $343.4 million, surpassing Street forecasts.
For the year, the company reported profit of $428.5 million, or $6.54 per share. Revenue was reported as $1.68 billion.
Banco Macro shares have decreased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.91, a fall of 46% in the last 12 months.