Banco Macro S.A. Announces Share Buyback Program

Rhea-AI Summary

Banco Macro (NYSE:BMA) announced a share buyback program on October 8, 2025.

The Board authorized repurchases for a maximum investment of Ps.225,000,000,000, up to 30,000,000 Class B shares (par AR$1) and a maximum price of Ps.7,500 per share. The repurchase period is 60 calendar days from the publication date in the Buenos Aires Stock Exchange Bulletin, subject to renewal. Purchases will comply with a regulatory intraday limit of 25% of average daily volume (90 business days), using consolidated volumes across all markets where the bank trades. The Board cited macroeconomic and market fluctuations and noted the bank's financial strength and liquidity as considerations.

Positive

• Buyback authorized up to Ps.225,000,000,000
• Authorization to acquire up to 30,000,000 Class B shares
• Maximum price cap set at Ps.7,500 per share

Negative

• Repurchases limited by 25% daily volume regulatory cap
• Acquisition window limited to 60 calendar days

Insights

Capital Allocation Strategist

Banco Macro launches a formal share buyback: up to Ps.$225,000,000,000, 30,000,000 shares, max Ps.$7,500 per share over 60 calendar days.

The board authorizes a repurchase program constrained by the legal 10% capital limit and a per-day trading cap tied to the 90-business-day average volume across all markets. The program size and per-share cap establish an explicit ceiling on cash deployment and price exposure.

Key dependencies include available liquidity, actual execution within the 25% daily-volume rule, and market pricing dynamics. Watch daily purchase disclosures and any renewal or extension filings over the next 60 calendar days.

Market Microstructure Analyst

The buyback signals board confidence and creates potential support for share demand within defined limits and execution constraints.

The program sets a maximum per-share price and uses consolidated local and international volumes to manage the 25% daily-limit restriction, which may spread repurchases over multiple trading venues and days. This limits immediate market impact while enabling steady demand.

Monitor actual repurchase cadence, reported volumes versus the 90-business-day average, and any Bulletin of the Buenos Aires Stock Exchange filings for renewals; the action will play out primarily within the announced 60-calendar-day window.

BUENOS AIRES, Argentina, Oct. 8, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro" or the "Bank") announces today that the Board of Directors of the Bank has decided to establish the terms and conditions for the repurchase of shares issued by the Bank, in accordance with Article 64 of Law No 26,831 and Rules of the CNV (Comisión Nacional de Valores)

This decision has been adopted based on the current domestic and international macroeconomic context and the fluctuations in the capital market in general, which has materially affected the price of domestic shares, including the quotation of the shares of the Bank. In addition, the Board of Directors has taken into consideration the financial strength of the Bank and its liquidity.

Therefore, the Board of Directors has decided to establish the following terms and conditions for the acquisition of shares issued by the Bank:

Maximum amount of the investment: Up to Ps.$ 225,000,000,000

Maximum number of shares to be acquired: Up to 30,000,000 Class B, common book-entry shares of par value AR$ 1 (one Argentine Peso) per share and entitled to 1 (one) vote each, which amount is within the Bank's 10% capital stock limit established in accordance with the applicable provisions currently in force.

Maximum payable price: Up to Ps. $ 7,500 per share.

Term for the acquisition: 60 calendar days, from the date following the publication date of the relevant information in the Bulletin of the Buenos Aires Stock Exchange, subject to any further renewal or extension, which shall be duly informed to the public in such Bulletin.

Finally, it is informed that in order to comply with the current regulations that establish that the amount of acquisitions made in one day may not exceed 25% of the average daily transaction volume of the shares during the 90 business days prior to the repurchase, the Bank will consider, as it has done in previous situations, the consolidated volume of all the markets in which it operates, both local and international.

This press release may include statements concerning potential future events involving Banco Macro that could differ materially from the events that actually occur.  The differences could be caused by a number of risks, uncertainties and factors relating to Banco Macro's business. Banco Macro will not update any forward-looking statements made in this press release to reflect future events or developments.

IR Contact in Buenos Aires:
Jorge Scarinci | Chief Financial Officer
Nicolás A. Torres | Investor Relations
E-mail: investorelations@macro.com.ar | Phone: (54 11) 5222 6682

View original content:https://www.prnewswire.com/news-releases/banco-macro-sa-announces-share-buyback-program-302579051.html

SOURCE Banco Macro S.A.

FAQ

What size is Banco Macro's buyback announced on October 8, 2025 (BMA)?

The Board authorized up to Ps.225,000,000,000 for repurchases.

How many shares can Banco Macro repurchase under the October 2025 plan (BMA)?

Up to 30,000,000 Class B common book‑entry shares, within a 10% capital limit.

What is the maximum price per share in Banco Macro's October 8, 2025 buyback (BMA)?

The maximum payable price is Ps.7,500 per share.

How long will Banco Macro's October 2025 repurchase program run (BMA)?

The term is 60 calendar days from the exchange bulletin publication date, subject to renewal.

Are there trading limits on Banco Macro's repurchases announced October 8, 2025 (BMA)?

Yes. Daily acquisitions cannot exceed 25% of the 90‑day average daily volume across consolidated markets.

How did Banco Macro justify the October 2025 buyback decision (BMA)?

The Board cited macroeconomic and capital market fluctuations and noted the bank's financial strength and liquidity.