Banco Macro S.A. announces that it has entered into a share purchase agreement to acquire Banco Sáenz S.A.

Rhea-AI Summary

Banco Macro (NYSE: BMA) entered into a stock purchase agreement to acquire 100% of Banco Sáenz S.A. March 20, 2026. Purchase price equals shareholders' equity of Banco Sáenz in Argentine pesos plus US$2,000,000, subject to adjustments.

The acquisition aims to expand Banco Macro's digital ecosystem and support the Personal Pay digital wallet; Banco Sáenz will operate as a separate banking platform. Closing is subject to approval by the Central Bank of the Argentine Republic, and Banco Sáenz will continue independent operations until that approval.

Positive

• 100% acquisition of Banco Sáenz under signed stock purchase agreement
• Transaction includes a fixed US$2,000,000 component to the purchase price
• Acquisition intended to support Personal Pay and expand Banco Macro's digital ecosystem
• Banco Sáenz to operate as a distinct banking platform for agility

Negative

• Closing is subject to Central Bank of the Argentine Republic approval
• Purchase price depends on shareholders' equity to be determined prior to closing

Key Figures

Acquired stake: 100% of capital stock and voting rights Cash component: US$ 2,000,000 Dividend total: AR$ 41,777,807,598.97 +5 more

8 metrics

Acquired stake 100% of capital stock and voting rights Banco Sáenz S.A. acquisition

Cash component US$ 2,000,000 Additional consideration over Banco Sáenz shareholders’ equity

Dividend total AR$ 41,777,807,598.97 Tenth and final cash dividend installment (6-K dated 2026-03-18)

Dividend per share AR$ 65.3400708982 per share Tenth and final dividend installment

Dividend as % of capital 6,534.0070% Of stated capital stock AR$ 639,390,301

Dividend record date March 27, 2026 Shareholders entitled to dividend

Dividend payment date March 30, 2026 Funds available to shareholders

Basel III capital ratio 30.6% 4Q25 results – capital adequacy

Market Reality Check

Price: $67.46 Vol: Volume 368,257 is slightl...

normal vol

$67.46 Last Close

Volume Volume 368,257 is slightly below the 20-day average of 440,916 (relative volume 0.84). normal

Technical Price $69.12 is trading below the 200-day MA of $73.86 and 34.88% under the 52-week high.

Peers on Argus

BMA is up 4.24% while key regional bank peers show mixed moves: BOH -0.10%, BKU ...

BMA is up 4.24% while key regional bank peers show mixed moves: BOH -0.10%, BKU +2.36%, CBU +1.52%, FULT +1.67%, WSFS +2.24%. This points to a stock-specific reaction rather than a broad sector move.

Historical Context

3 past events · Latest: Feb 26 (Negative)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	4Q25 earnings	Negative	-8.3%	4Q25 net income fell 26% YoY despite recovery versus prior quarter.
Nov 26	3Q25 earnings	Negative	+4.3%	9M25 net income and operating income dropped sharply year-on-year.
Oct 08	Share buyback	Positive	+17.5%	Large share buyback authorization with substantial peso allocation and volume cap.

Pattern Detected

Across recent events, BMA reacted positively to a buyback announcement but showed mixed reactions to earnings, with one negative and one positive move following weaker profitability metrics.

Recent Company History

In the last six months, Banco Macro reported weaker profitability trends in 3Q25 and 4Q25 earnings, including double-digit year-on-year net income declines and sharply lower operating income. The stock fell 8.29% after 4Q25 but rose 4.34% after 3Q25. A share buyback announcement on Oct 8, 2025 triggered a strong 17.46% gain. Today’s acquisition of Banco Sáenz fits a strategic expansion pattern alongside prior capital return and earnings updates.

Market Pulse Summary

This announcement details Banco Macro’s agreement to acquire 100% of Banco Sáenz, paying its shareho...

Analysis

This announcement details Banco Macro’s agreement to acquire 100% of Banco Sáenz, paying its shareholders’ equity plus US$ 2,000,000. The bank plans to use Banco Sáenz as a platform to bolster digital offerings like Personal Pay while keeping operations distinct for flexibility. Closing remains subject to Central Bank approval, so investors may watch for regulatory milestones, integration disclosures, and updates on how the digital strategy interacts with recent dividend and earnings developments.

Key Terms

stock purchase agreement, voting rights, digital wallet, forward-looking statements

4 terms

stock purchase agreement financial

"they have entered into a stock purchase agreement with Liliana Mónica Frávega"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

voting rights financial

"100% of the outstanding capital stock and voting rights of Banco Sáenz S.A."

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

digital wallet technical

"complements its recent entry into Personal Pay—the digital wallet of Personal"

A digital wallet is a secure electronic tool that stores your payment information, such as credit card details and bank account numbers, allowing you to make transactions online or with your mobile device. It functions like a virtual wallet in your pocket, making it easier and faster to pay without carrying physical cards or cash. For investors, it represents a key component of modern financial technology that enables quick, contactless payments and digital financial management.

forward-looking statements regulatory

"This press release includes statements concerning potential future events... forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

BUENOS AIRES, Argentina, March 20, 2026 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro") and Fintech Digital LLC (collectively, the "Purchasers")  announced today that they have entered into a stock purchase agreement with Liliana Mónica Frávega, Facundo Frávega and Luciano González-Lobo (collectively, the "Sellers"). Pursuant to this agreement, the Purchasers shall acquire, directly and indirectly, 100% of the outstanding capital stock and voting rights of Banco Sáenz S.A. (the "Agreement"), subject to the fulfillment of certain conditions precedent.

The purchase price to be paid by the Purchasers to the Sellers on the closing date for the acquisition of the shares shall be equivalent to: (i) an amount in Argentine Pesos equal to the shareholders' equity of Banco Sáenz S.A., to be determined prior to closing; plus (ii) US$ 2,000,000 (Two Million United States Dollars), subject to any potential price adjustments that may apply in accordance with the Agreement.

This strategic transaction is part of Banco Macro S.A.'s expansion into the digital ecosystem and complements its recent entry into Personal Pay—the digital wallet of Personal—developed by Telecom Argentina S.A.. In this context, Banco Sáenz S.A. will operate as a banking platform designed to support the growth of such digital solutions, maintaining a distinct operation to ensure agility and flexibility.

The closing of the transaction is subject to approval by the Central Bank of the Argentine Republic. Until such approval is granted, Banco Sáenz S.A. will continue to operate normally as an independent entity. Consequently, the transaction will not result in any immediate changes for Personal Pay users.

This press release includes 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-that-it-has-entered-into-a-share-purchase-agreement-to-acquire-banco-saenz-sa-302719992.html

SOURCE Banco Macro S.A.

FAQ

What did Banco Macro (BMA) agree to buy on March 20, 2026?

Banco Macro agreed to acquire 100% of the outstanding capital stock of Banco Sáenz. According to Banco Macro, the deal is governed by a signed stock purchase agreement with the current shareholders.

How is the purchase price for Banco Sáenz structured in the BMA agreement?

The purchase price equals Banco Sáenz's shareholders' equity in Argentine pesos plus US$2,000,000. According to Banco Macro, the equity amount will be determined prior to closing and adjustments may apply.

Will Banco Sáenz operations change immediately after the BMA acquisition announcement?

No immediate operational changes are expected for Banco Sáenz or Personal Pay users. According to Banco Macro, Banco Sáenz will continue to operate independently until regulatory approval is granted.

What regulatory approval does Banco Macro need to close the Banco Sáenz deal?

The transaction requires approval from the Central Bank of the Argentine Republic. According to Banco Macro, closing is conditional on that approval and the company awaits the regulator's decision.

How will the Banco Sáenz acquisition affect Banco Macro's digital strategy (BMA)?

The acquisition is intended to expand Banco Macro's digital ecosystem and support the Personal Pay wallet. According to Banco Macro, Banco Sáenz will serve as a dedicated banking platform for digital solutions.

Does the BMA purchase price include any fixed U.S. dollar amount?

Yes, the agreement includes a fixed component of US$2,000,000 payable at closing. According to Banco Macro, this is in addition to the shareholders' equity amount determined before closing.